National Unemployment Rate Rises to 7.6 Percent in May

While there were 175,000 new nonfarm jobs in May, the national unemployment rate slipped upward, from 7.5 percent in April to 7.6 percent in May, according to the U.S. Bureau of Labor Statistics on Friday. The bureau insisted this left the economy "essentially unchanged."

The bureau found new jobs in retail, hospitality, health care, food services and professional and business services. There was a decline of federal employees in May. With more than 11 million Americans still out of work, 420,000 new Americans joined the workforce in May.