May Saw The Highest Number Of Jobs Created All Year

The economy added 280,000 jobs in May while the unemployment rate was little changed at 5.5 percent, according to the latest data from the Bureau of Labor Statistics. Analysts had expected 225,000 jobs to be added. May was the best month for jobs added since December.

Revisions to prior months added 230,000 jobs than previously thought, including 119,000 extra for March, which had been thought to be 85,000 in April.

Job creation in May was led by 63,000 in professional and business services, 57,000 in leisure and hospitality, 47,000 in health care, 31,000 in retail, and 17,000 in construction. The public sector also added 18,000 jobs and employment in the sector has grown in all but one month over the past year.

Wages increased by 8 cents in May and have risen 2.3 percent over the last year.