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>>

  • Police: Grass Stolen From Woman's Yard

    Police: Grass Stolen From Woman's Yard

    Tuesday, July 29 2014 12:43 PM EDT2014-07-29 16:43:26 GMT
    When asked if she knew who had stolen the sod, the woman stated it was "someone with small feet" due to the footprints in the dirt.When asked if she knew who had stolen the sod, the woman stated it was "someone with small feet" due to the footprints in the dirt.
    The City of Spartanburg Police Department released a report stating a woman had grass stolen from her front yard.
    The City of Spartanburg Police Department released a report stating a woman had grass stolen from her front yard.
  • Panthers QB Newton Gives Shoes To Fan At Training Camp

    Panthers QB Newton Gives Shoes To Fan At Training Camp

    Tuesday, July 29 2014 12:40 PM EDT2014-07-29 16:40:47 GMT
    Brian Cooper was the lucky recipient of Cam Newton’s cleats after the Panthers practice on Monday. (Facebook)Brian Cooper was the lucky recipient of Cam Newton’s cleats after the Panthers practice on Monday. (Facebook)
    Cam Newton, the Panthers' Pro Bowl quarterback, stopped to give a souvenir to a fan after practice on Monday.
    Cam Newton, the Panthers' Pro Bowl quarterback, stopped to give a souvenir to a fan after practice on Monday.
  • Greenville Worker, Mower Fall Into Reedy River

    Greenville Worker, Mower Fall Into Reedy River

    Tuesday, July 29 2014 12:09 PM EDT2014-07-29 16:09:15 GMT
    According to our crew at the scene, the worker was mowing grass off Woodland Way near the horse stables and Cleveland Park when the mower slipped down a steep embankment into the Reedy River.
    According to our crew at the scene, the worker was mowing grass off Woodland Way near the horse stables and Cleveland Park when the mower slipped down a steep embankment into the Reedy River.
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.