In may, job gains occurred in professional and business services, government, health care, construction, transportation and warehousing, and social assistance. Employers added 339,000 jobs on a seasonally adjusted basis, the labor department. New report suggests green transition and localization of supply chains will lead to net job growth;
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The Jobs Report May 2023
Employment in professional and business services continued to trend up in march (+39,000), in line with the average monthly growth over the prior 6 months (+34,000).
Employers added a seasonally adjusted 339,000 jobs in may and the prior two months’ payrolls were revised up by nearly 100,000, the labor department.
Employers added 339,000 jobs in may, according to the monthly employment report from the bureau of labor statistics released on friday. Here are five key takeaways from the us employment report for may, released friday. The latest jobs report from the bureau of labor statistics (bls) shows the u.s. The temporary agency penetration rate declined to 1.93% in april, from a revised march rate of 1.95%.
May saw 339,000 new jobs added, for another consecutive month of steady job growth, continuing the upward trend in employment for 2023. We learned this morning that the economy created 339,000 jobs last month. May saw another big upward surprise in payroll gains, with employers. The jobs report released friday carried bad news on all fronts.
Over the past three months, monthly job gains have.
The increase, the largest since january, suggested that the job market was still piping hot despite a swirl of economic headwinds. Hiring and wage growth both accelerated in may, according to the report. Job creation remained solid in may, with an increase in payrolls of 339,000 and revisions to march and april adding another 93,000 jobs. Employers posted a blockbuster 339,000 jobs in may in the latest sign that a booming labor market continues to keep the country from slipping into a.
The may 2022 occupational employment and wage statistics (oews) estimates were released on april 25, 2023. Economy experienced robust job growth in may, with employers expanding payrolls by 339,000. But below the surface, the report also offered evidence of. Adoption of technology and increased digital access will also.
The may jobs report revealed 339,000 jobs were added in the month, handily beating expectations and showing the us labor market remains robust.
The national unemployment rate declined to 3.4% from. We have now created over 13 million jobs since i took office. Hiring accelerated in may as employers added a booming 339,000 jobs and the labor market shrugged off high interest rates and persistent inflation.
