May Jobs Report |
United States

May Jobs Report

Live coverage as the jobs report for May 2015 is released.

  • Welcome to our live coverage of the jobs report numbers for May 2015. The numbers are in! We're joined here by Editor Heather Struck and Reuters Business Graduate Elizabeth Culliford.

    Sturdy U.S. jobs report boosts chances of Fed rate hike

    U.S. job growth accelerated sharply in May and wages picked up, signs of momentum in the economy that bolster prospects for an interest rate hike in September.

    Nonfarm payrolls increased 280,000 last month, the largest gain since December, the Labor Department said on Friday.

    While the unemployment rate rose to 5.5 percent from a near seven-year low of 5.4 percent in April that was because more people, likely new college graduates, entered the labor force, indicating confidence in the jobs market.

    Payrolls for March and April were revised to show 32,000 more jobs created than previously reported. That together with an eight cent gain in average hourly earnings raises the chances of the Federal Reserve tightening monetary policy this year.

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Sparks fly in Moscow as Russia and Britain trade accusations over spy poisoning

MOSCOW Britain accused Moscow on Wednesday of running an assassination program to eliminate its enemies, while Russia said Britain may itself have orchestrated the poisoning of former Russian double agent Sergei Skripal and his daughter Yulia in England. | Video