U.S. May nonfarm payrolls up by 248,000 WASHINGTON (CBS.MW) - The U.S. economy created 248,000 nonfarm payroll jobs in May, the Labor Department estimated Friday. The unemployment rate remained at 5.6 percent while the participation rate remained at 65.9 percent. Economists were expecting payroll growth of about 220,000. Payroll growth in April and March was revised higher by a total of 74,000 jobs. Over the past three months, 75.4 percent of 278 industries have added workers. The average workweek stayed at 33.8 hours for the fifth month in a row in May. Total hours worked in the economy increased by 0.3 percent. Average hourly pay rose 5 cents or 0.3 percent. Wages are up 2.2 percent in the past year.
Gruß MadX |