{"id":175756,"date":"2023-06-02T08:14:07","date_gmt":"2023-06-02T15:14:07","guid":{"rendered":"https:\/\/inbusinessphx.com\/?p=175756"},"modified":"2023-06-02T08:14:07","modified_gmt":"2023-06-02T15:14:07","slug":"u-s-employers-added-339000-jobs-in-may-defying-expectations-of-a-slowdown","status":"publish","type":"post","link":"https:\/\/staging.inbusinessphx.com\/?p=175756","title":{"rendered":"U.S. Employers Added 339,000 Jobs in May, Defying Expectations of a Slowdown"},"content":{"rendered":"
\"\"<\/a>\nTotal nonfarm payroll employment increased by 339,000 in May, and the unemployment \nrate rose by 0.3 percentage point to 3.7 percent, the U.S. Bureau of Labor Statistics \nreported today. Job gains occurred in professional and business services, government, \nhealth care, construction, transportation and warehousing, and social assistance.\n\nThis news release presents statistics from two monthly surveys. The household survey \nmeasures labor force status, including unemployment, by demographic characteristics. \nThe establishment survey measures nonfarm employment, hours, and earnings by industry. \nFor more information about the concepts and statistical methodology used in these two \nsurveys, see the Technical Note.\n\nHousehold Survey Data<\/strong>\n\nThe unemployment rate increased by 0.3 percentage point to 3.7 percent in May, and \nthe number of unemployed persons rose by 440,000 to 6.1 million. The unemployment \nrate has ranged from 3.4 percent to 3.7 percent since March 2022. \n\nAmong the major worker groups, the unemployment rates for adult women (3.3 percent) \nand Blacks (5.6 percent) rose in May. The jobless rates for adult men (3.5 percent), \nteenagers (10.3 percent), Whites (3.3 percent), Asians (2.9 percent), and Hispanics \n(4.0 percent) showed little change over the month. \n\nThe number of job losers and persons who completed temporary jobs increased by \n318,000 to 3.0 million in May, offsetting a decrease in the previous month. \n\nIn May, the number of persons jobless less than 5 weeks edged up by 217,000 to\n2.1 million, partially offsetting a decrease in the prior month. The number of \npersons jobless 15 to 26 weeks increased by 179,000 to 858,000 in May. The number\nof long-term unemployed (those jobless for 27 weeks or more) was essentially \nunchanged at 1.2 million and accounted for 19.8 percent of the total unemployed. \n\nThe labor force participation rate held at 62.6 percent in May, and the \nemployment-population ratio, at 60.3 percent, was little changed. \n\nThe number of persons employed part time for economic reasons, at 3.7 million, \nchanged little in May. These individuals, who would have preferred full-time \nemployment, were working part time because their hours had been reduced or they \nwere unable to find full-time jobs. \n\nThe number of persons not in the labor force who currently want a job was 5.5\nmillion in May, little different from the prior month. These individuals were \nnot counted as unemployed because they were not actively looking for work \nduring the 4 weeks preceding the survey or were unavailable to take a job. \n\nAmong those not in the labor force who wanted a job, the number of persons \nmarginally attached to the labor force was little changed at 1.5 million in \nMay. These individuals wanted and were available for work and had looked for \na job sometime in the prior 12 months but had not looked for work in the 4 \nweeks preceding the survey. The number of discouraged workers, a subset of \nthe marginally attached who believed that no jobs were available for them, \nwas little changed over the month at 422,000. (See Summary table A.)\n\nEstablishment Survey Data<\/strong>\n\nTotal nonfarm payroll employment increased by 339,000 in May, in line with \nthe average monthly gain of 341,000 over the prior 12 months. In May, job \ngains occurred in professional and business services, government, health \ncare, construction, transportation and warehousing, and social assistance. \n\nIn May, professional and business services added 64,000 jobs, following an \nincrease of similar size in April. Employment growth continued in \nprofessional, scientific, and technical services, which added 43,000 jobs \nin May.\n\nGovernment employment increased by 56,000 in May, compared with the average\nmonthly gain of 42,000 over the prior 12 months. Employment in government \nis below its pre-pandemic February 2020 level by 209,000, or 0.9 percent.\n\nHealth care added 52,000 jobs in May, similar to the average monthly gain \nof 50,000 over the prior 12 months. In May, job growth occurred in \nambulatory health care services (+24,000), hospitals (+20,000), and \nnursing and residential care facilities (+9,000).\n\nEmployment in leisure and hospitality continued to trend up in May \n(+48,000), largely in food services and drinking places (+33,000). \nLeisure and hospitality had added an average of 77,000 jobs per month \nover the prior 12 months. Employment in this industry remains below its \nFebruary 2020 level by 349,000, or 2.1 percent.\n\nIn May, construction added 25,000 jobs, including 11,000 jobs in heavy and \ncivil engineering construction. Over the prior 12 months, construction had \nadded an average of 17,000 jobs per month. \n\nEmployment in transportation and warehousing increased by 24,000 in May. \nTransit and ground passenger transportation added 12,000 jobs, offsetting \na decrease in the prior month. In May, employment also increased in couriers \nand messengers (+8,000) and air transportation (+3,000). Employment in \ntransportation and warehousing has shown no clear trend in recent months.\n\nIn May, employment in social assistance rose by 22,000, in line with the \naverage monthly gain of 23,000 over the prior 12 months. Over the month, \nindividual and family services added 17,000 jobs. \n\nEmployment was little changed over the month in other major industries, \nincluding mining, quarrying, and oil and gas extraction; manufacturing; \nwholesale trade; retail trade; information; financial activities; and other \nservices.\n\nIn May, average hourly earnings for all employees on private nonfarm payrolls\nrose by 11 cents, or 0.3 percent, to $33.44. Over the past 12 months, average \nhourly earnings have increased by 4.3 percent. In May, average hourly earnings \nof private-sector production and nonsupervisory employees rose by 13 cents, or \n0.5 percent, to $28.75. \n\nThe average workweek for all employees on private nonfarm payrolls edged down \nby 0.1 hour to 34.3 hours in May. In manufacturing, the average workweek was \nunchanged at 40.1 hours, and overtime edged up by 0.1 hour to 3.0 hours. The \naverage workweek for production and nonsupervisory employees on private nonfarm \npayrolls remained at 33.8 hours. \n\nThe change in total nonfarm payroll employment for March was revised up by 52,000, \nfrom +165,000 to +217,000, and the change for April was revised up by 41,000, from \n+253,000 to +294,000. With these revisions, employment in March and April combined \nis 93,000 higher than previously reported. (Monthly revisions result from additional \nreports received from businesses and government agencies since the last published \nestimates and from the recalculation of seasonal factors.)<\/span><\/pre>\n","protected":false},"excerpt":{"rendered":"
Total nonfarm payroll employment increased by 339,000 in May, and the unemployment rate rose by 0.3 percentage point to 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, government, health care, construction, transportation and warehousing, and social assistance. This news release presents statistics from two monthly […]<\/p>\n","protected":false},"author":2,"featured_media":175757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[6],"tags":[3],"class_list":["post-175756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-trends","tag-top-stories"],"_links":{"self":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/175756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=175756"}],"version-history":[{"count":0,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/175756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=175756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=175756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=175756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}