U.S. Economy Adds 178,000 Private-Sector Jobs in May

The U.S. Bureau of Labor Statistics reported this morning that the U.S. economy added 178,000 private-sector jobs in May. This marks the 39th consecutive month of private-sector job growth in the U.S. During that time the economy has added more than 6.9 million private-sector jobs. Furthermore, the economy is on pace to add 2.3 million jobs this year, which would be the third consecutive year of 2 million + jobs created--the first time that has happened since the 1990's. Overall, the report confirms that the U.S. economy continues to grow despite the contractionary fiscal policy coming out of Congress.