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Top of the hour. >> stay with us here on cnn. "your money" starts right now. 175,000 jobs created in may, the unemployment rate ticks up to 7.6%. those are the headlines but there are numbers you don't see every month and you need to pay attention to them. i'm christine romans. this is "your money." the most important number of all is your unemployment rate. it's either 0% or 100%. either you have a job or you don't but outside your personal statistic here's what's going on in the labor market, over the past 12 months the economy created 2.1 million jobs, an average of 176,000 a month. good,...

Meaningful debt in up employment rate. the government calls it essentially unchanged at 7.6%. more about the trend. this is really important here. the takeaway here. this trend, 176,000, not really enough. not really enough -- 175,000, not enough to really pull down the unemployment rate, but it is a little bit better. you can see -- you want to see above this line. boy, i would love to see, month, month, month above this line, but you're not -- you know, we're not seeing it quite yet. >> steven, let me ask you. what does this show us about how the u.s. is handling forced spending cuts? >> act...

>> look at mr. surveillance tape. >> unemployment numbers coming in 1:45 to we are going to give a preview of what scene looks like. we have all been following this. first take a look at the last 15 months since of beginning of 2012 and we have had positive job creation. >> what are he we looking at here? >> each month of new jobs added in this economy going back to the beginning of 2012 and we had new jobs added for 31 straight months but the average of the past six months you can see is a little bit over 200,000 new jobs. last month it was about 176,000. and they are projecting for this mont...

300,000 jobs were created. that's the best hiring we've seen for a month since the census in 2010. and if you strip away the census, it's the best we've seen since 2005. also a stronger march than we thought, 138,000 and 165,000. that means on average over the past year, 173,000 jobs created each month. that is enough to lower the unemployment rate. the important thing is where are these jobs? because some of the jobs coming back don't have the pay or the benefits of the jobs we lost. retail jobs, 29,000 of those jobs created. those quite frankly are not always the best paying jobs but they sh...

Sector or public sector? >> this is -- hold on. nonfarm, 332,000 revised up from february. oh, sorry, i'm looking through numbers here as they scroll. i don't have the break down between private and public at this point. >> private payrolls were up 176,000 and government down 11,000. >> so, that's going to be consistent with what we've seen over the last several months. >> the interesting part of the sequester. you think the sequester would hurt private sector jobs. >> the 11,000 drop in government jobs is in effect of the sequester. >> i would imagine it would be. >> that is a trend that is g...