Tagged: Economic Numbers

The Labor Department on Friday reported a jobless rate of 7.6 percent as employers added 175,000 jobs and more people began to look for work last month. That's up from April's rate of 7.5 percent.

The number of first-time claims for jobless benefits fell by 11,000 last week from the week before, the Employment and Training Administration reports. There were 346,000 such applications.

While on the positive side, the figure is still in line with the recent trend. Since late 2011, claims have basically stayed in a range from the mid-300,000s to just under 400,000.

There were 135,000 jobs added to private employers' payrolls in May, according to the latest ADP National Employment Report, which was released Wednesday morning.