U.S. Employers Add 217,000 Jobs, Rate Stays at 6.3% - KTVN Channel 2 - Reno Tahoe News Weather, Video -

U.S. Employers Add 217,000 Jobs, Rate Stays at 6.3%

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U.S. employers hired at a healthy pace in May for a fourth straight month, fueling hopes the economy will accelerate after a grim start to the year.
 
The Labor Department says employers added 217,000 jobs last month. That's down from 282,000 in April, which was revised slightly lower.
 
But job gains have now averaged 234,000 in the past three months, up from only 150,000 in the previous three.
 
Despite the gains, the unemployment rate, which is calculated from a separate survey, remained 6.3%.   
 
The job market has reached a significant milestone. Nearly five years after the Great Recession ended, the U.S. has finally regained all the jobs lost in the downturn.
 
Yet that's hardly cause for celebration: The population has grown nearly 7% since then.  (AP)

Nevada Senator Harry Reid made the following statement on the May employment report. According to the Bureau of Labor Statistics, the economy added 217,000 jobs in April, while the unemployment rate remained at 6.3 percent.
 
Today’s job numbers reflect the 51st straight month of private sector job growth. With businesses now adding over a million jobs so far this year, these numbers suggest that we are on the road to recovery. But today’s report also shows that we must do more to strengthen the economy. Americans deserve a fair shot at prosperity. That’s why Senate Democrats will act next week by voting on legislation that helps students, recent graduates, and middle class families afford a college education and relieves the weight of debt on their shoulders.

Unfortunately, Republicans in the Senate have obstructed legislation that would benefit our economy. Republicans have filibustered $85 billion in tax cuts that would strengthen our recovery and prevent a tax hike on middle class families, homeowners, and small businesses. Legislation that raises the minimum wage and ensures women receive equal pay for equal work could not even undergo debate due to Republican obstruction. And Speaker Boehner has refused to consider an extension of unemployment insurance to over 2.9 million Americans out of work. It is my hope that Congress can still act on extending unemployment. This vital lifeline is so critical to struggling families in Nevada and throughout the country.

Senate Democrats will continue to act to strengthen the middle class, create jobs and invest in encouraging innovation in our economy and rebuilding America’s infrastructure. We will continue to push for action on bipartisan legislation including the highway bill and tax extenders legislation. I hope my Senate Republican colleagues can join us in creating jobs and stop taking their marching orders from the Koch brothers.” 
 

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