*Well, this is certainly good news for the economy and everybody.
Employers in the U.S. added a robust 280,000 jobs last month and average workers’ earnings ticked higher. It’s seen as reassurance that the 6-year-old economic recovery remains on track despite faltering in the weather-marred first quarter..\
Friday’s report from the Labor Department also had some encouraging news on the wage front: The average hourly earnings of all private-sector workers rose 8 cents to $24.96 in May, which was up 2.3% from a year ago. Though still moderate, the figure has risen steadily from an annual gain of 2% in February.
Job growth in May was broad-based and far exceeded analysts’ expectations. Forecasters were looking for an increase similar to April’s growth of 221,000. Adding to the bright news, Labor Department officials revised their estimate of the number of jobs added in March, increasing it to 119,000, from the previously reported 85,000.
You can read the FULL report at LA Times.