Friday, June 7, 2013

U.S. Employment Rose by 175,000 Jobs in May

In today's May 2013 employment situation news release, the Bureau of Labor Statistics (BLS) reported that U.S. employers added 175,000 jobs to their payrolls.

May's employment increase was driven by job gains in professional and business services (+57,000 jobs), leisure and hospitality (+43,000), retail trade (+27,700), and private education and health services (+26,000). Government employment declined by 3,000 jobs in May, and has dropped by 45,000 jobs over the past three months.
The unemployment rate remained essentially the same at 7.6 percent, but did tick up slightly from 7.5 percent in April due to more job seekers entering the labor force. BLS estimates also showed that 7.9 million Americans worked part-time for economic reasons in May. These individuals worked part time because either their hours were cut back, or they were unable to find a full-time job.

The full news release from the BLS provides more information about U.S. employment and unemployment in May.

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