US Employers Add 175K Jobs, Rate Up To 7.6 Pct. - WSPA.com

US Employers Add 175K Jobs, Rate Up To 7.6 Pct.

Posted: Updated:
WASHINGTON -

U.S. employers added 175,000 jobs in May, steady hiring but below the more robust pace that took place during the fall and winter.           

The Labor Department says the unemployment rate rose to 7.6 percent from 7.5 percent in April. The increase occurred because more people began looking for work, a good sign.           

The government said the economy added 12,000 fewer jobs in April and March.           

Employers have added an average of 155,000 jobs in past three months, below the average of 237,000 created from November through February.           

The modest gains likely mean the Federal Reserve will continue its bond purchases. The Fed has said it will maintain its pace of bond purchases until the job market improves substantially. The purchases have helped drive down interest rates and boost stock prices.

  • Top StoriesTop StoriesMore>>

  • One Person Dead in Pelham Road Wreck

    One Person Dead in Pelham Road Wreck

    Friday, August 22 2014 9:28 PM EDT2014-08-23 01:28:03 GMT
    The Greenville County Coroner's Office confirms one person is dead after a wreck in the 1700 block of Pelham Road Friday night.The Greenville County Coroner's Office confirms one person is dead after a wreck in the 1700 block of Pelham Road Friday night.
    The Greenville County Coroner's Office confirms one person is dead after a wreck in the 1700 block of Pelham Road Friday night.
    The Greenville County Coroner's Office confirms one person is dead after a wreck in the 1700 block of Pelham Road Friday night.

  • Trooper Fired After Arrest Of NFL Player In Laurens Co.

    Trooper Fired After Arrest Of NFL Player In Laurens Co.

    Friday, August 22 2014 5:26 PM EDT2014-08-22 21:26:33 GMT
    S.C. Trooper L/Cpl. R.S. Salter who arrested Greenwood Native and now NFL player Sidney "Sam" Montgomery in the Upstate for speedingi in June in Laurens County has been fired.
    S.C. Trooper L/Cpl. R.S. Salter who arrested Greenwood Native and now NFL player Sidney "Sam" Montgomery in the Upstate for speedingi in June in Laurens County has been fired.
  • SCDOT Awards $231M Contract to Fix I-85/I-385 Interchange

    SCDOT Awards $231M Contract to Fix I-85/I-385 Interchange

    Friday, August 22 2014 5:17 PM EDT2014-08-22 21:17:24 GMT
    The South Carolina Department of Transportation has awarded its biggest contract in more than a decade to make Greenville County's I-85/I-385 interchange safer and more efficient.
    The South Carolina Department of Transportation has awarded its biggest contract in more than a decade to make Greenville County's I-85/I-385 interchange safer and more efficient.
Powered by WorldNow

250 International Dr.
Spartanburg, S.C. 29303

Telephone: 864.576.7777
Fax: 864.587.5430
Email: webmaster@wspa.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.