U.S. Adds 280K Jobs in May 

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Despite 280,000 nonfarm jobs being added to the nation's payrolls, the United States' unemployment rate ticked up to 5.5 percent in May. The private sector added 262,000 jobs and another 18,000 government jobs were added last month.

The U.S. Labor Department announced this morning that employers added most of the new jobs in the health care, professional and business service, and leisure and hospitality industries. Additionally, analysts said average hourly earnings in the private sector rose by 8 cents in May.

Meanwhile, the oil and gas industry continues to experience layoffs—down by 18,000 jobs in May—due to low crude oil prices. Additionally the mining and logging industries cut 18,000 jobs.

Before this morning's report, 2015's monthly employment gains had slowed to the 200,000 mark, down from a 15-year average monthly high of 260,000 jobs in 2014.
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