Friday, June 5, 2015

U.S. Employers Added 280,000 Jobs to Payrolls in May

This morning the Bureau of Labor Statistics released the unemployment rate and employment estimates for May. The unemployment rate remained essentially unchanged at 5.5 percent last month. The U.S. logged above average employment growth in May though, with a gain of 280,000 jobs. The average monthly gain for the past 12 months totaled 251,000.

Industries with notable gains in May included professional and business services; leisure and hospitality; and health care. Together, these three industries added 167,000 jobs over the month.

Employment in mining declined for the fifth consecutive month.
You can find more details on the labor force and industry employment growth in the full release from the BLS.

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