US employers add 175K jobs, rate up to 7.6 pct.
By CHRISTOPHER S. RUGABER, Associated Press
Jun 7, 2013 7:33 AM CDT
In this May 29, 2013 photo, job seeker Craig Cline of Lincolnwood, Ill., right, meets with Jeremy Skeeters, left, and Lindy Hammel, of Aflac Insurance Co. during a career fair in Rolling Meadows, Ill. The government issues the May jobs report on Friday, June 7, 2013 (AP Photo/M. Spencer Green)   (Associated Press)

U.S. employers added 175,000 jobs in May, steady hiring but below the more robust pace that took place during the autumn and winter.

The Labor Department says the unemployment rate rose to 7.6 percent from 7.5 percent in April. The increase occurred because more people began looking for work, a good sign.

The government said the economy added 12,000 fewer jobs in April and March.

Employers have added an average of 155,000 jobs in past three months, below the average of 237,000 created from November through February.

The modest gains likely mean the Federal Reserve will continue its bond purchases. The Fed has said it will maintain its pace of bond purchases until the job market improves substantially. The purchases have helped drive down interest rates and boost stock prices.

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