The U.S. economy added 280,000 jobs in May, the largest gain in five months, the government reported Friday, dispelling concerns over sluggish growth earlier this year.
The gain was well over the monthly average of 251,000 since May 2014.
“This is a good report,” said Robert Kleinhenz, chief economist of the Los Angeles Economic Development Corporation. “Despite the weak first quarter GDP reading, momentum in the economy is holding up.”
The official unemployment rate ticked up slightly to 5.5 percent from 5.4 percent, but that was because more people were looking for work, encouraged by an improving job market.
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