The U.S. created 217,000 nonfarm jobs in May, the Labor Department said Friday, largely in line with Wall Street’s expectations.
Hiring has topped 200,000 for four straight months, the first time that’s happened in almost 15 years. The robust increase in hiring in May follows a slightly revised 282,000 gain in new jobs in April, 203,000 in March and 222,000 in February.
The U.S. has now recovered the 8.7 million jobs lost after the 2007-2009 downturn, but it took more than six years to surpass the nation’s prior peak of 138.25 million workers. Not since the Great Depression in the 1930s has it taken so long to recover all the jobs lost from a recession.The unemployment rate held steady at 6.3%, following a big drop in April that was the largest one-month decline in 31 years. More people entered the labor market in May in search of work.
http://www.marketwatch.com/story/us-gains-217000-new-jobs-in-may-2014-06-06
