This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-33025802
The article has changed 7 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| US economy adds 280,000 jobs in May | US economy adds 280,000 jobs in May |
| (35 minutes later) | |
| The US economy added 280,000 jobs in May, more than analysts had predicted, the US Labor Department has said. | The US economy added 280,000 jobs in May, more than analysts had predicted, the US Labor Department has said. |
| "Job gains occurred in professional and business services, leisure and hospitality, and health care," the statement said. | "Job gains occurred in professional and business services, leisure and hospitality, and health care," the statement said. |
| However the jobless rate, which is based on a different survey, crept up to 5.5% from 5.4% but this was put down to more people entering the labour force. | |
| Average earnings rose by 0.3%. | |
| This is a measure closely watched by policy makers as they assess when to start raising interest rates. | |
| Consistently higher wages will add to the argument for a rate increase, which most observers currently expect to happen in September, rather than at its next meeting in June. | |
| The economy is expected to pick up in the second quarter, after an unexpected contraction in the first three months of the year. | |
| The economy shrank by 0.7% between January and March but that was seen by many as an aberration, largely caused by an exceptionally harsh winter and a West Coast ports strike that severely damaged exports. |