The U.S. economy gained 175,000 jobs in May, the Labor Department reported on Friday, and there was a dip in the number of those who have given up looking for work. The unemployment rate ticked upwards to 7.6%. Meanwhile, the Society for Human Resource Management predicts a sharp rise in service sector hiring this month and a decrease in hiring in manufacturing. SHRM regularly surveys human resources professionals about their companies’ hiring plans.

“Professional and business services (+57,000), leisure and hospitality (+43,000) and retail trade (+28,000) all enjoyed surges in May,” says acting Secretary of Labor Seth D. Harris. “The increase in the civilian labor force of 420,000 — the highest increase since last October — together with higher consumer confidence, suggests that Americans are increasingly bullish about the nation's economic future.”

Register or login for access to this item and much more

All Employee Benefit News content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access