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Hiring in May Fueled by Jump in Retail, Restaurant and Professional Jobs

Friday, 07 Jun 2013 12:47 PM

The U.S. economy created 175,000 jobs in May, a solid month of hiring that was spread across a number of industries directly tied to the consumer.

Retail hiring jumped by nearly 28,000 after a gain of 20,000 jobs in April. General merchandise stores, which include Target and Wal-Mart, added nearly 10,000 of those jobs, while clothing stores provided roughly 6,000.

Restaurants also staffed up, creating 38,000 jobs last month. And a category that includes casinos and amusement parks added 12,500 positions.

Many of these are likely low-paying jobs, some without benefits. Still, the growth in those fields suggests businesses expect consumers will keep spending this year, despite paying higher Social Security taxes.

The greatest job growth in May came from business and professional services: 57,000 jobs. While nearly half of those were temporary positions, many were in higher-paying fields like architecture, accounting and management consulting.

The weakest area of the economy continued to be manufacturing and government. Both industries cut jobs for the third straight month.

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The U.S. economy created 175,000 jobs in May, a solid month of hiring that was spread across a number of industries directly tied to the consumer.
hiring,retail,restaurant,jobs
166
2013-47-07
Friday, 07 Jun 2013 12:47 PM
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