US Employers Add Solid 280k Jobs; Rate Inches up to 5.5 Pct.

U.S. employers added a robust 280,000 jobs in May, showing that the economy has regained momentum after starting 2015 in a deep slump.
The unemployment rate ticked up to 5.5 percent from 5.4 percent in April, the government said Friday. But that occurred for a good reason: Hundreds of thousands more people began seeking jobs in May. Not all of them found work and so were counted as unemployed.
Last month's strong job growth suggests that employers remained confident enough to keep hiring even after the economy shrank during the first three months of the year. The government also revised up its estimate of job growth during March and April by a combined net 32,000.
The steady hiring should help drive the economy through the rest of the year.



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