WABIWASHINGTON (Gray DC) - The Labor Department reported Friday that the U.S. economy added 139,000 jobs in May, reflecting a stable but slightly slower job market.
The report also revealed that the unemployment rate remained steady at 4.2 percent.
Much of the job growth occurred mostly in education and health care (+87,000) and leisure and hospitality (+48,000). Sectors that lost jobs included retail (-6,500), manufacturing (-8,000), business services (-18,000) and government (-1,000).
“The report seems to indicate that the economy is pretty stable,” said David Kass, a clinical professor of finance at the University of Maryland.
Kass said the new jobs report paints a reasonably good picture of the American economy.
“I would say the economy is proceeding at a satisfactory pace,” he said.