>Department of Labor: 217,000 new non-agricultural jobs were added across the United States in May Unemployment rate 6.3%
Department of Labor: 217,000 new non-farm jobs were added in the United States in May, and the unemployment rate was 6.3%. Data released by the U.S. Department of Labor today showed that 21.7 new jobs were created in May...
Department of Labor: 217,000 new non-farm jobs were created in the United States in May, and the unemployment rate was 6.3%. Data released by the U.S. Department of Labor today showed that 217,000 new jobs were created in May, and the unemployment rate remained at 6.3%. But this is a landmark moment, as for the first time so far, the number of new jobs in the United States has exceeded the number of jobs lost during the previous five years of recession. Today's employment report shows that 217,000 new jobs were created in May. This is the fourth consecutive month that more than 200,000 new jobs have been created, and the first time since 1999. Labor Secretary Shimon Perez said the report confirmed the economy was moving in the right direction. This is the first time in five years that the total number of new jobs has exceeded the number of jobs lost during the recession. However, the unemployment rate remains at 6.3% and the labor force participation rate remains at 62.8%. However, analysts believe that as the U.S. population increases, more jobs are still needed. Looking at different industries, employment in the manufacturing and construction industries has recovered slowly, recovering only about half of the jobs lost during the financial crisis. At the same time, wage growth has remained low, with average wages in the United States rising by only 2.1% over the past year. The number of people in the United States who have been unemployed for more than six months remains high, and there are still many people working part-time hoping to find full-time employment. In two weeks, the Federal Reserve will reassess its stimulus policy, and employment data will be one of the important reference indicators.
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