Economists Say Housing Market Expected to Grow From Increased Job Gains

Julie C. Nichols General

Reblogged from: The M Report – Brian Honea

While the nation’s unemployment rate (5.5 percent) and the number of unemployed persons (8.7 million) for May 2015 remained virtually unchanged from the previous month, the number of jobs added in May increased substantially from April up to 280,000, according to the May 2015 Employment Summary released by the Bureau of Labor Statistics (BLS) on Friday.

May’s job gains represented in an increase of about 73,000 from the previous three-month average (207,000) and an increase of nearly 30,000 from the previous 12-month average of jobs per month (251,000). According to the BLS, the largest gains occurred in professional and business services, leisure and hospitality, and health care.

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