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U.S. hiring jumped in May

Veronica C. | July 25, 2012

Despite initially growing steadily at the end of 2011 and beginning of 2012, hiring in the U.S. has been going through a period of stagnation in recent months, causing many financial authorities to wonder whether the economic situation would continue to improve at all throughout the rest of the year. However, May saw some increase in hiring that could point to stronger performance for the remainder of the summer.

According to Bloomberg, the U.S. Department of Labor released a report on Tuesday that indicated 195,000 new positions in May, raising the total number of available jobs to 3.64 million. These figures stand in comparison to the 294,000 job drop that occurred in April.

While this is positive news, the Labor Department also found that firings increased in May and confidence among small businesses declined in June. According to the Associated Press and CBS News, only 80,000 new jobs were added in June, keeping the national unemployment rate steady at 8.2 percent. Additionally, about a third of those created positions are only temporary.

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Category: Employers

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