The U.S. economy continued to plug along at a depressed rate in May adding 175,000 jobs, in line with what analysts had expected. However, the unemployment rate ticked up 0.1 percent in May to 7.6 percent, according to the Bureau of Labor Statistics.
The latest jobs numbers gives hope to workers, employers, and the government that the Great Recession and jobs crisis may be slowly starting to retreat permanently.
It’s a mix of good and bad news for South Florida’s jobless claims. First-time unemployment claims for May continue to trend below where they were a year ago.