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• Tuesday, July 02nd, 2013

us job news

US employment increased in May, with over 175,000 jobs being added throughout the country.

The figures, released by The Labor Department, reveal the number of jobs added is slightly more than predicted – it was originally predicted that 165,000 jobs would be added. Some areas grew quite dramatically. Although some government jobs were cut the business, leisure, hospitality and retail industries all added jobs throughout May. Business added 57,000 roles, leisure and hospitality added 43,000 jobs and retail added 28,000 new positions.

Although the number of positions available increased, the unemployment rate rose slightly from 7.5% to 7.6%. There are over 11 million people in the US currently unemployed and 4.4 million have been long-term unemployed. But the latest rise in unemployment figures is thought to be a good sign – as those that are actively looking for work are classed as unemployed therefore the figures suggest more people are actively looking for employment.

According to the latest figures, 420,000 people rejoined the labor force and began looking for work. Some of these had previously given up looking for work so the increase in unemployment figures suggests that more people have confidence in finding a job now than they did a few months ago.

On average, the US economy has added 155,000 jobs a month during the last quarter. Although some monthly figures have not been as high as forecast, these latest figures suggest that the economy is steadily growing and some industries are continuing to add new positions.


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