US added 280,000 jobs in May.

US added 280,000 jobs in May.

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The labor market is still rolling along at a modest pace.

The US economy added 280,000 jobs in May according to the Bureau of Labor Statistics.

Unemployment rate rose, however, to 5.5% from 5.4%.

Wages rose faster than expected, with wages up 0.3% over April and 2.3% over from May 2014.

The labor-force participation rate also ticked up to 62.9% from 62.8%.

May had 92,986,000 people not participating in the workforce with the civilian labor force itself rising by 397,000, reaching 157,469,000.

Of those participating in the workforce, 148,795,000 had a job and 8,674,000 were unemployed.

 

 

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