McClatchy Newspapers
WASHINGTON -- Employers added 217,000 non-farm payroll jobs and the unemployment rate held steady in May, the second consecutive strong month and one that marked a milestone.
With the new jobs, the economy crossed a grim milestone, said Erica Groshen, commissioner of the Bureau of Labor Statistics.
“With the gains in May, payroll employment now exceeds its pre-recession level. Nonfarm payroll employment fell by 8.7 million from January 2008 through February 2010,” Groshen said in a statement accompanying the numbers. “Since then, employment has risen by 8.8 million.”
The jobless rate held steady at 6.3 percent, and the May report helps ease fears that the economy was sliding back to slower growth after the contracting 1 percent from January to March.
The white-collar professional and business sector and healthcare hiring helped power the May report.
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