June 6, 2005 -- (WhatTheyThink.com) -- The unemployment rate for May was reported at 5.1%, down from April's 5.2%. While payrolls added only 78,000 jobs, the household survey added 376,000 new jobs, which is quite good. Net new businesses went up, and is now averaging 71,300 per month. The chart shows the continuing rise of this business indicator. Wall Street looked at the report and convinced itself that the Fed's expected rise in interest rates in June will be its last for a while, considered that bullish for the economy in the long term.
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