May jobs report: Cautious hiring continues
June 7th, 2013
08:41 AM ET
2 years ago

May jobs report: Cautious hiring continues

New York (CNNMoney) - Employers are hiring at a restrained pace as jitters about the economy linger.

The U.S. economy added 175,000 jobs in May, according to the Department of Labor. Hiring at that rate isn't terrible, but it is unexceptional at this point. It marks a slight improvement from April, when a revised 149,000 jobs were created, but still falls in line with average job growth over the last three years.

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Filed under: unemployment
soundoff (10 Responses)
  1. Joan

    Typical. There's good news about 175,000 jobs being added and not quite so good that the unemployment stayed nearly the same at 7.6%. So what is the headline? Of course go with the more negative headline about the unemployment number. CNN always does that. Why do you always look at the bottle as half empty and never as half full?

    June 7, 2013 08:48 am at 8:48 am |
  2. Rudy NYC

    What will be telling will be the June jobs report. The past three years have shown a late spring, early summer drop in jobs, but then it picks right back up again to where it was in the spring. For some reason, a slow June has become the new normal. Check it out for yourself.

    June 7, 2013 08:58 am at 8:58 am |
  3. Larry L

    This will be good news to Republicans. Negative reports from the economy is exactly what they've been working towards for five years. As long as the fat-cats are living large the GOP is doing their job!

    June 7, 2013 09:08 am at 9:08 am |
  4. Dominican mama 4 Obama

    The U.S. economy added 175,000 jobs in May, according to the Department of Labor
    -------------------------------------------------
    Oh no!
    Benghazi Rice no good! A P over at the IRS.
    Repeat.
    Oh no!....

    June 7, 2013 09:27 am at 9:27 am |
  5. Fair is Fair

    300,000 people retire every month. 175,000 new jobs we're added. Maybe I'm missing something, but isn't that a net loss of 125,000?

    June 7, 2013 09:32 am at 9:32 am |
  6. Gurgyl

    It takes time–you can not hurry. All of the USA money was in Afganistan, Iraq etc on WARS. Still it is a slow recovery–but nation is in right direction–focus on public transport, green-energy, infrastructure, healthcare for all, EDUCATION. USA GETS THERE.

    June 7, 2013 09:37 am at 9:37 am |
  7. Rudy NYC

    Fair is Fair

    300,000 people retire every month. 175,000 new jobs we're added. Maybe I'm missing something, but isn't that a net loss of 125,000?
    ---------------–
    You've forgotten the fact that "retired" means no longer part of the worker pool. If we use your math, then that means that 475,000 people are no longer looking for work. Quit while you're ahead.

    June 7, 2013 09:45 am at 9:45 am |
  8. Lynda/Minnesota

    "Overall, the U.S. economy lost 8.7 million jobs in the financial crisis, and has since gained back 6.3 million jobs. The employment-population ratio was unchanged, showing that 58.6% of adults over age 16 have a job. That rate has barely budged over the last three years - and the last time it was hovering so low was 30 years ago."

    It sure would be nice if Congress started walking the walk they promised way back in 2010 ... if only we'd be so kind as to vote them in on their Jobs! Jobs! Jobs! meme. Voters did. And then the GOP dropped the ball on us and didn't follow through. Surprise, surprise.

    Is this where I add:

    Benghazi, Benghazi, Beghazi.
    Abortion, Abortion, Abortion.
    Blah, Blah, Blah.

    June 7, 2013 09:45 am at 9:45 am |
  9. Data Driven

    @Fair is Fair,

    Well, between cascading baby boomer retirements, "free trade" agreements, and hi-tech automation, I'd say it's a small miracle that any hiring is occurring at all. In any case, because of the above factors, we'll never see unemployment below 6% again.

    June 7, 2013 09:45 am at 9:45 am |
  10. Fair is Fair

    Rudy NYC

    Fair is Fair

    300,000 people retire every month. 175,000 new jobs we're added. Maybe I'm missing something, but isn't that a net loss of 125,000?
    -----–
    You've forgotten the fact that "retired" means no longer part of the worker pool. If we use your math, then that means that 475,000 people are no longer looking for work. Quit while you're ahead.
    ------
    Knock it off with the inane spin, Rudy. What happened to the 300,000 jobs the retired people left? Are they gone forever? Vaporized?

    June 7, 2013 10:10 am at 10:10 am |