Today's Employment Situation Report indicated that in May, net non-farm payrolls increased by a notable 280,000 jobs overall with the private non-farm payrolls sub-component adding 262,000 jobs while the civilian unemployment rate increased slightly to 5.5% over the same period.
Net private sector jobs increased 0.22% since last month climbing 2.53% above the level seen a year ago and climbing 3.52% above the peak level of employment seen in December 2007 prior to the Great Recession.