On Jobs, U.S. Is Looking Up to Canada
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Who Has the World's No. 1 Economy? Not the U.S.
- Trump Falls on Ceremony. He Should Stop Trying.
- Sorry, President Trump. You're No Chester A. Arthur.
- Russia Is Using Marxist Strategies, and So Is Trump
- Trump's Numbers Are Really, Really Bad
- Nafta Gets a Welcome Reprieve
- Goodbye and Good Riddance to the Islamic State