Unemployment increased to 4% in May. (iStock)
The U.S. added 272,000 jobs in May, a higher number than the average monthly gain of 232,000 jobs seen in the last year, the Bureau of Labor Statistics reported in its Employment Situation summary.
Unemployment ticked up slightly from 3.9% to 4.0%. Compared to last year, the unemployment rate hasn’t changed substantially. Last year, in May, the jobless rate was 3.7%.
Several industries led the growth in jobs. Health care and government jobs increased by the most. The hospitality industry and professional, scientific and technical services also saw an increase in open positions.
An additional 68,000 jobs were added in the health care sector, which closely follows the average 64,000 jobs added each month within the last year.
Government jobs grew by 43,000 positions, a little lower than the average monthly growth of 52,000 jobs…
