WASHINGTON D.C. - Analysts say the U.S. economy is adding jobs at a steady pace.
The Labor Department says employers added 175,000 jobs in May but the unemployment rate rose to 7.6% from 7.5% the month before.
The department says the rate rose because more people began looking for work, with about3/4 finding jobs.
The government revised the job figures for the previous two months, leaving a net loss of 12,000 jobs.
Investors appeared pleased by the evidence of steady job growth however, as the Dow Jones was up nearly 200 points in late-morning trading.