Total nonfarm payroll employment increased by 280,000 in May, and the unemployment rate was essentially unchanged at 5.5%, the U.S. Bureau of Labor Statistics reported today.
Job gains occurred in professional and business services, leisure and hospitality, and health care. Mining employment continued to decline. Household Survey Data In May, both the unemployment rate (5.5%) and the number of unemployed persons (8.7 million) were essentially unchanged. Both measures have shown little movement since February. Among the major worker groups, the unemployment rates for adult men (5.0%), adult women (5.0%), teenagers (17.9%), whites (4.7%), blacks (10.2%), Asians (4.1%), and Hispanics (6.7%) showed little or no change in May. The number of unemployed new entrants edged up by 103,000 in May but is about unchanged over the year. Unemployed new entrants are those who never previously worked.
Establishment Survey Data
Total nonfarm payroll employment rose by 280,000 in May, compared with an average monthly gain of 251,000 over the prior 12 months. In May, job gains occurred in professional and business services, leisure and hospitality, and health care. Employment in mining continued to decline.
In May, employment continued on an upward trend in transportation and warehousing (+13,000). Truck transportation added 9,000 jobs over the month. In May, employment continued to trend up in financial activities (+13,000). During the past 12 months, the industry has added 160,000 jobs, with about half of the gain in insurance carriers and related activities.
The change in total nonfarm payroll employment for March was revised from +85,000 to +119,000, and the change for April was revised from +223,000 to +221,000. With these revisions, employment gains in March and April combined were 32,000 more than previously reported. During the past 3 months, job gains have averaged 207,000 per month.
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