Business > Economy

U.S. Economy Continues to Recover, Adding 559,000 Jobs in May

14 days ago   |   By Politicus USA

The U.S. Bureau of Labor Statistics reported that employers added 559,000 workers during the month of May, continuing the nation's economic recovery. “In May, the unemployment rate declined by 0.3 percentage point to 5.8 percent, and the number of unemployed persons fell by 496,000 to 9.3 million. These measures are down considerably from their recent highs...
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US adds 559K jobs as firms still struggle to fill positions

14 days ago   |   By Boston Herald

By CHRISTOPHER RUGABER
WASHINGTON - U.S. employers added a modest 559,000 jobs in May, an improvement from April's sluggish gain but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession.
Last month's job growth was above April's revised total of 278,000, the Labor Department said Friday, yet well short of employers' need for labor. The unemployment rate fell to 5.8% from 6.1%.
The speed of the rebound from the recession has caught employers off guard and touched off a scramble to hire. The reopening of the...
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U.S. adds modest 559,000 jobs, a sign of more hiring struggles

U.S. adds modest 559,000 jobs, a sign of more hiring struggles

14 days ago   |   By Politico

U.S. employers added 559,000 jobs in May, an improvement from April's sluggish gain but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession.
Last month's job gain was above April's revised total of 278,000, the Labor Department said Friday. The unemployment rate fell to 5.8% from 6.1%.
The speed of the rebound from the pandemic recession has caught employers off guard and touched off a scramble to hire. The reopening of the economy, fueled by substantial federal aid and rising vaccinations, has released...
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U.S. labor market recovery picks up steam, adding 559,000 jobs in May

U.S. labor market recovery picks up steam, adding 559,000 jobs in May

14 days ago   |   By Post Gazette

America's job market recovery picked up some steam in May, with 559,000 positions added back to the economy.
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Hiring Picked Up Last Month, A Relief For An Economy Desperate For Workers

Hiring Picked Up Last Month, A Relief For An Economy Desperate For Workers

14 days ago   |   By NPR

U.S. employers added 559,000 jobs last month, as the unemployment rate fell to 5.8% from 6.1% in April. Employers say they could use even more workers as demand surges and pandemic fears recede.
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The May jobs report shows signs of labor-market acceleration as unemployment falls

The May jobs report shows signs of labor-market acceleration as unemployment falls

14 days ago   |   By Business Insider

Summary List Placement After a hugely disappointing April report, the US labor market's recovery seems to be back on track, albeit not quite to the degree economists hoped.
The US economy added 559,000 nonfarm payrolls in May, the Bureau of Labor Statistics said Friday morning. Economists surveyed by Bloomberg held a median estimate of a 674,000-payroll gain. The reading shows a sharp acceleration/slowdown from April's dismal report , which saw job growth land well below economist forecasts.
The May increase marks a fifth straight month of job additions. The April payrolls count was...
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