US economy adds 280,000 jobs in May, tackling economic issues to some extent

The US government announced that in May, 280,000 jobs have been added by the US economy. This increase is said to be the largest in five months; it helped deal with slow growth in the earlier year.

According to Robert Kleinhenz, chief economist of the Los Angeles Economic Development Corporation, “This is a good report. Despite the weak first quarter GDP reading, momentum in the economy is holding up”.

According to reports, the official unemployment rate increased slightly to 5.5% from 5.4%; this was because more people were seeking employment with improved job market. A year ago, the jobless rate in the country was at 6.3%.

Abel Saldana, who recently got a part-time job at an Irvine Chick-Fil-A outlet, said that it’s his luck to land the job as he needed something to pay his rent.

A UCI English major, Saldana looks forward to finally landing a professional position. He said that the job market is getting better; however it is still not easy to get a job in a career-oriented field.

A bigger measure of unemployment, which consists of discouraged workers, in addition to part-timers who wish for full-time jobs, continued to be at 10.8%; it indicates that many Americans still have not benefited from the recovery.

However, a sharp decrease in the proportion of the unemployed, who have been jobless for over six months, was a positive sign. This number dropped to 28.6% from 34.4% a year earlier and had hit 45% at the peak of the recession.