Today’s Employment Situation Report indicated that in May, net non-farm payrolls increased by 175,000 jobs overall with the private non-farm payrolls sub-component adding 178,000 jobs while the civilian unemployment rate increased slightly to 7.6% over the same period.Net private sector jobs increased 0.16% since last month climbing 1.95% above the level seen a year ago but remained 1.62% below the peak level of employment seen in December 2007.
