On Jobs, U.S. Is Looking Up to Canada

Employment continues to rise at a pace that will put the U.S. on track for a lost decade.

The Bureau of Labor Statistics reports that the U.S. economy added 175,000 nonfarm payroll jobs in May, beating a consensus forecast of 163,000. The BLS also revised the March and April employment data, subtracting a total of 12,000 from those months' gains. Thanks in part to an increase in the labor force, the unemployment rate rose to 7.6 percent, from 7.5 in April. Meanwhile, average hourly earnings were flat for the month, missing expectations of a 0.2 percent gain.

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