Unemployment increased just slightly despite the US adding 272,000 jobs

The U.S. added 272,000 jobs in May, a higher number than the average monthly gain of 232,000 jobs seen in the last year, the Bureau of Labor Statistics reported in its Employment Situation summary.Unemployment ticked up slightly from 3.9% to 4.0%. Compared to last year, the unemployment rate hasn’t changed substantially. Last year, in May, the jobless rate was 3.7%.Several industries led the growth in jobs. Health care and government jobs increased by the most. The hospitality industry and