The U.S. economy saw better-than-expected job growth in May, according to a monthly tally by the Labor Department.
While employers added 280,000 jobs, the unemployment rate inched up slightly to 5.5 percent. Most sectors performed well, including professional and business services, healthcare, retail and construction. The mining sector lost 17,000 jobs – a side effect of prolonged weakness in the oil and gas industry.
Here & Now‘s Jeremy Hobson talks with Bloomberg Business columnist Michael Regan about what to make of the report and the small unemployment rate increase.
Guest
- Michael Regan, editor-at-large and market columnist for Bloomberg Business. He tweets @reganonymous.
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