Ken Harrison 9:30 a.m., Dec. 4
U.S. gains 175,000 jobs in May
But unemployment rate rises as more join labor force
The United States gained 175,000 jobs in May, more than economists had expected. That is a sharp improvement from the 149,000 in April. However, the unemployment rate rose to 7.6% from 7.5% in April as more Americans joined the labor force, seeking work. The stock market initially reacted positively.