The U.S. added 175,000 private and public sector jobs in May
A report issued on June 7 by the U.S. Bureau of Labor Statistics has shown that employers across the country added 175,000 private and public sector jobs during the month of May, which was higher than what economists had predicted. While the unemployment rate increased from 7.5 percent in April to 7.6 percent, the increase in the workforce suggests that labor is on the rise.
"While more work remains to be done, today's employment report provides further confirmation that the U.S. economy is continuing to recover from the worst downturn since the Great Depression," Alan Krueger, chairman of the Council of Economic Advisers at the White House said in a statement.
In addition, CNS News reported that state and local governments increased the number of workers on payroll by 92,000. In total, 20,361,000 individuals were employed during May by municipal governments, which is an increase from the 20,269,000 workers who had jobs in April.
Those seeking employment in the restaurant and service industries benefited from a recent spike in hiring. Overall, jobs in this sector account for 7.6 percent of total employment, which is the largest that the industry has ever occupied.
According to The New York Times, the professional and business industries had some of the largest gains in employment over the month of May. Roughly 2 percent of all jobs added were in temporary help services, which has grown steadily over the last six months.
As a result of the increase in hiring in many industries, it's essential that companies have an effective form of human resources management system software. Payroll and HR systems that can be managed digitally can give more time to interact with employees and find the right potential hire to meet business goals.