U.S. employers added a larger-than-expected 248,000 jobs in May, according to a government report on Friday that confirmed a strengthening economy is likely to usher in higher interest rates. Also, unemployment rates declined in all four regions and in more than half
the states in April, the Bureau of Labor Statistics of the U.S. Department
of Labor reported today. Over the year, unemployment rates declined in all
regions and in 47 states. Over the month, the national jobless rate was
essentially unchanged at 5.6 percent. Nonfarm payroll employment increased
in 45 states.