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The US private sector added 559,000 jobs in May, compared to expectations of adding 650 thousand jobs
American employers increased hiring activity in May, as the effects of the pandemic waned, supported by vaccinations, drawing more people into the workforce, which provides an indication that the economy is still on its way to recovering from the recession caused by Covid-19.
The US Labor Department said Friday, June 4th, in its closely watched employment report that the number of nonfarm payrolls increased by 559,000 last month.
The April data was revised slightly higher to show that 278,000 jobs were added instead of the previous reading of 266,000.
Economists polled by Reuters had expected jobs to increase by 650,000 in May.
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