WASHINGTON (AP) -- U.S. employers added 217,000 jobs in May, a substantial gain for a fourth straight month, fueling hopes that the economy will accelerate after a grim start to the year.

The May figure was down from 282,000 in April, a figure that the government revised slightly down, the Labor Department said Friday. But monthly job growth has now averaged 234,000 for the past three months, up sharply from 150,000 in the previous three.

The unemployment rate, which is calculated from a separate survey, remained 6.3 percent.

The job market has reached a significant milestone: Nearly five years after the Great Recession ended, the economy has finally regained all the jobs lost in the downturn.

Still, more job growth is needed because the U.S. population has grown nearly 7 percent since then. Economists at the liberal Economic Policy Institute have estimated that 7 million more jobs would have been needed to keep up with population growth.

Pay growth remains below the levels typical of a healthy economy. Average wages have grown roughly 2 percent a year since the recession ended, well below the long-run average annual growth rate of about 3.5 percent.

One reason for the weak pay gains: Many of the jobs added since the recession ended in June 2009 have been in lower-paying industries. A similar pattern was evident in May: Hotels, restaurants and entertainment companies added 39,000 jobs. Retailers gained 12,500. Manufacturers added 10,000 jobs, construction firms 6,000.

Many economists predicted late last year that growth would finally accelerate in 2014 from the steady but modest pace that has persisted for the past four years. But the economy actually shrank in the first three months of this year as a blast of cold weather shut down factories and kept consumers away from shopping malls and car dealerships.

The U.S. economy contracted at a 1 percent annual rate in the first quarter, its first decline in three years.

So far, employers have shrugged off the winter slowdown and have continued to hire. That should help the economy rebound because more jobs mean more paychecks to spend.

Most economists expect annualized growth to reach 3 percent to 3.5 percent in the current second quarter and top 3 percent for the rest of the year.

Recent economic figures suggest that growth is accelerating.

Auto sales surged 11 percent in May to a nine-year high. Some of that increase reflected a pent-up demand after heavy snow during the winter discouraged car buyers. But analysts predict that healthy sales will continue in coming months, bolstered by low auto-loan rates and the rollout of new car models.
http://finance.yahoo.com/news/us-emp...123249524.html

Once again Mikeyy celebrates sh*tty as being better than really sh*tty.

"Still, more job growth is needed because the U.S. population has grown nearly 7 percent since then. Economists at the liberal Economic Policy Institute have estimated that 7 million more jobs would have been needed to keep up with population growth.

Pay growth remains below the levels typical of a healthy economy. Average wages have grown roughly 2 percent a year since the recession ended, well below the long-run average annual growth rate of about 3.5 percent."

More than five years after the recession ended, the Obama economy remains as sh*tty as ever.

Whine whine whine, that's all you have Harvey.

The fact is the economy is getting better, more jobs are being added every month at a pretty steady pace, and this month we have now completely erased the job losses caused by the recession. And all without the help of any real public job sector growth, something you'd think conservatives like yourself would take note of.

Are where were we want to be at the end of the day? No.

Are we moving steadily in the right direction? Yes. Winter and stale cynical bleating be damned.

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"I've known Jeff for 15 years. Terrific guy. He's a lot of fun to be with. It is even said that he likes beautiful women as much as I do, and many of them are on the younger side." - Donald Trump, on pedophile Jeff Epstein.

Yes, wally people have a right to whine, especially after 6 years of the failed obama economy.

What Obama's Growth Recession Is Stealing From Your Wallet - Forbes

I would hope that the left reads the whole article to see what a failure obama is, but learning the truth about their messiah is something that the left won't do.

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Sometimes by losing a battle you find a new way to win the war.

Donald Trump

With Barry, I'm cool with 'sh*tty.' I've learned over the years 'sh*tty' is as good as it gets with this joke of an administration. Once you get past 'sh*tty' and enter the 'really sh*tty' realm, that's when you have Barry handing over 5 hardened terrorists and war criminals for 1 cowardly deserter who converted to Islam and hates America, military veterans not getting care and dying because they weren't on a secret waiting list, 4 Americans dying from a terrorist attack because no one thought to send help and later blamed it on a Youtube video, NSA spying on Americans, IRS singling out and targeting conservative groups, Fast and Furious, lying about ObamaCare, sinking tons of money into a company that quickly goes bankrupt, the most corrupted AG in American history, and too many more I don't have the time to list.

Just be thankful the economy has gone from reverse to 3 mph. Chalk that up as a major accomplishment for this circus admin and thank God he hasn't let loose more terrorists and war criminals in exchange for assh*les who hate America and now consider themselves warriors for Islam.

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Did you leave out any talking points. No Benghazi?

I believe you have mistaken the goliathan momentum of our nation to some kind of positive movement. While our ship of state is not aground, it certaiy isn't under way either. Which is why, no matter how they try to turn the rudder, or the throttles, we remain adrift.

At least we are not sinking. Hardly insignificant but not worthy of celebration.

We will not see positive GMP growth until the gubmit takes it's foot off the throat of those who could be investing in our nation's industry.

Backoff regulations
Backoff taxes
And keep promises made thus insuring reasonable risk. (that translates to the gubmint stop changing the rules by fiat, and putting it's hands in it's own pockets)

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I am going to hang a Batman Costume in my closet. .......... Just to screw with myself when I get alzheimer's.
sola gratia, sola fide, sola scriptura.

I AM NOT A REPUBLICAN, I AM A FREEMAN, THE DEMOCRATS WORST NIGHTMARE

1945 to 1973 =was real built on invention, education and infrastructure

1982 to 2007= shrunk the middle class, caused homelessness and only was real for a certain faction (smallish) of society. nothing backed it except false real estate "booms" and deregulating of banks to show a purely paper profit.

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On a more positive note, people still can't order dialysis w/o a referral.

You have the corporate talking points down. I like regulations and Taxes are already low. Cut the subsidies to corporations and farmers.

Again, it shows that you did not read the article and don't know what you're talking about, but hey mikeyy thanked you anyways, that's a plus.

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Sometimes by losing a battle you find a new way to win the war.

Donald Trump