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updated: 6/6/2014 8:48 AM

U.S. employers add 217,000 jobs, rate stays at 6.3 pct

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  • Luke Gill, of Quicken Loans, left, talks with job candidate Jasmine Boykins at a job fair at the Matrix Center in Detroit. 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.

      Luke Gill, of Quicken Loans, left, talks with job candidate Jasmine Boykins at a job fair at the Matrix Center in Detroit. 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.
    Associated Press

 
Associated Press

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.

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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 percent.

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 percent since then.

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