Jobless Rate Rises To 7.6%, With More Workers Entering Labor Force

Man looks at job listings
Man looks at job listings

By Jason Lange

WASHINGTON -- U.S. employers stepped up hiring in May, a sign that the economy was growing modestly but not strong enough to convince the Federal Reserve to scale back the amount of cash it is pumping into the banking system. The United States added 175,000 jobs last month, just above the median forecast in a Reuters poll, Labor Department data showed on Friday.