The Canadian PressJune 7, 2013 19:21
US employers add 175,000 jobs, unemployment rate up to 7.6 per cent
WASHINGTON (AP) — The U.S. economy added 175,000 jobs in May— a steady pace that shows strength in the face of tax increases and government spending cuts, if not enough to reduce still-high unemployment.
The unemployment rate rose to 7.6 per cent from 7.5 per cent in April, the Labor Department said Friday. The rate rose because more people began looking for work, a healthy sign, but only about three-quarters of that group found jobs.