Employers Added 272K Jobs In May, Including 7,600 In Accounting

Source: Found here

The jobs report blew past expectations Friday, with employers adding 272,000 jobs in May, although the unemployment rate ticked up to 4%, one-tenth of a point higher than April.

Average hourly earnings increased by 14 cents, or 0.4%, to $34.91. Over the past 12 months, average hourly earnings increased 4.1%.

"The great American comeback continues, but we still have to make more progress," said President Biden in a statement. "On my watch, 15.6 million more Americans have the dignity and respect that comes with a job. Unemployment has been at or below 4% for 30 months — the longest stretch in 50 years. And a record high share of working-age women have jobs."

The BLS also revised downward the job numbers for March and April, lowering the number for March by 5,000 jobs, from a gain of 315,000 to 310,000 jobs, and the change for April went down by 10,000, from a gain of 175,000 to 165,000 jobs. With these revisions, employment in March and April combined is 15,000 lower than previously reported.