US Employers Add 175K Jobs
Good news for recent grads: hiring appears to be on the rise.
That, or someone just took all the jobs.
US employers added 175,000 jobs in May, according to a new report from the Labor Department released Friday. The unemployment rate actually rose from 7.5 to 7.6 percent between April and May, which the Labor Department claims is actually a good thing, since it means more people are reporting looking for work.
But for millennials ages 18 to 29, the news is less cheery. Generation Opportunity reports that for that for this group, the unemployment rate rose from 11.1 percent in April 2013 to 11.6 percent in May 2013. For younger adults 16 to 24, the unemployment rate stands even higher, at 16.1 percent.
Job growth has remained steady over the last three months, adding an average of 155,000 jobs a month. Not doing so well is the manufacturing sector, which cut 8,000 jobs last month, and the federal government, which cut 14,000.
Kids, as my grandfather always said, don't get into politics or automobiles.