Jobs report: US economy adds 339,000 jobs in May, crushing expectations

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 59%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

By industry, the largest increases were seen in business and services which added 64,000 jobs. In a statement, Biden said, 'Today is a good day for the American economy and American workers.' U.S. economy adds 339K May jobs, crushing expectations:

Employment gains for the last two months were revised higher. Updated data revealed 294,000 jobs were created during April, 41,000 more than previously reported. March's job gains were also revised higher — to 217,000 from 165,000 — making job growth over that two month stretch higher than previously reported by 93,000.

In Government, 56,000 jobs were added last month. Health care also drove labor gains with 52,000 job additions in May. Leisure and hospitality added 48,000 jobs, with 33,000 of those roles coming in the food services and drinking places category.Construction added 25,000 jobs in May, a 7,000 role increase from its 12-month average.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 380. in BUSİNESS

Business Business Latest News, Business Business Headlines