May Jobs Report Suprises to the Upside

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The U.S. added 280,000 jobs in May, a solid number and well above expectations, but still not enough to offer much clarity to Federal Reserve policy makers mulling the timing of an interest rate hike.
The headline unemployment rate was 5.5%, according to figures released by the U.S. Labor Department. The number ticked higher from a month ago because 400,000 more people entered the workforce.
Analysts had predicted a gain of 225,000 jobs and that the unemployment rate would hold steady at 5.4%. The U.S. has added an average of 251,000 new jobs each month, the Labor Department reported.

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