{"id":81405,"date":"2019-06-07T08:17:52","date_gmt":"2019-06-07T15:17:52","guid":{"rendered":"http:\/\/69.46.6.243\/?p=81405"},"modified":"2019-06-07T08:17:52","modified_gmt":"2019-06-07T15:17:52","slug":"jobs-report-falls-short-of-projections-as-only-75000-new-jobs-created-in-may","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=81405","title":{"rendered":"Jobs Report Falls Short of Projections as Only 75,000 New Jobs Created in May"},"content":{"rendered":"

Washington, DC…Total nonfarm payroll employment edged up in May (+75,000), and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services and in health care. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note.<\/p>\n

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Household Survey Data<\/p>\n

The unemployment rate remained at 3.6 percent in May, and the number
\nof unemployed persons was little changed at 5.9 million. (See table
\nA-1.)<\/p>\n

Among the major worker groups, the unemployment rates for adult men
\n(3.3 percent), adult women (3.2 percent), teenagers (12.7 percent),
\nWhites (3.3 percent), Blacks (6.2 percent), Asians (2.5 percent),
\nand Hispanics (4.2 percent) showed little or no change in May. (See
\ntables A-1, A-2, and A-3.)<\/p>\n

In May, the number of persons unemployed less than 5 weeks increased
\nby 243,000 to 2.1 million, following a decline in April. The number
\nof long-term unemployed (those jobless for 27 weeks or more), at 1.3
\nmillion, changed little over the month and accounted for 22.4 percent
\nof the unemployed. (See table A-12.)<\/p>\n

Both the labor force participation rate, at 62.8 percent, and the
\nemployment-population ratio, at 60.6 percent, were unchanged in May.
\n(See table A-1.)<\/p>\n

The number of persons employed part time for economic reasons
\n(sometimes referred to as involuntary part-time workers) declined
\nby 299,000 in May to 4.4 million. These individuals, who would have
\npreferred full-time employment, were working part time because their
\nhours had been reduced or they were unable to find full-time jobs.
\nOver the past 12 months, the number of involuntary part-time workers
\nhas declined by 565,000. (See table A-8.)<\/p>\n

In May, 1.4 million persons were marginally attached to the labor
\nforce, little changed from a year earlier. (Data are not seasonally
\nadjusted.) These individuals were not in the labor force, wanted and
\nwere available for work, and had looked for a job sometime in the
\nprior 12 months. They were not counted as unemployed because they had
\nnot searched for work in the 4 weeks preceding the survey. (See table
\nA-16.)<\/p>\n

Among the marginally attached, there were 338,000 discouraged workers
\nin May, little changed from a year earlier. (Data are not seasonally
\nadjusted.) Discouraged workers are persons not currently looking for
\nwork because they believe no jobs are available for them. The remaining
\n1.1 million persons marginally attached to the labor force in May had
\nnot searched for work for reasons such as school attendance or family
\nresponsibilities. (See table A-16.)<\/p>\n

Establishment Survey Data<\/p>\n

Total nonfarm payroll employment edged up in May (+75,000). Monthly
\njob gains have averaged 164,000 in 2019, compared with an average gain
\nof 223,000 per month in 2018. In May, employment continued to trend up
\nin professional and business services and in health care. (See table
\nB-1.)<\/p>\n

Employment in professional and business services continued to trend up
\nover the month (+33,000) and has increased by 498,000 over the past 12
\nmonths.<\/p>\n

Employment in health care continued its upward trend in May (+16,000).
\nThe industry has added 391,000 jobs over the past 12 months.<\/p>\n

Construction employment changed little in May (+4,000), following an
\nincrease of 30,000 in April. The industry has added 215,000 jobs over
\nthe past 12 months.<\/p>\n

Employment showed little change in May in other major industries,
\nincluding mining, manufacturing, wholesale trade, retail trade,
\ntransportation and warehousing, information, financial activities,
\nleisure and hospitality, and government. <\/p>\n

In May, average hourly earnings for all employees on private nonfarm
\npayrolls increased by 6 cents to $27.83. Over the year, average hourly
\nearnings have increased by 3.1 percent. Average hourly earnings of
\nprivate-sector production and nonsupervisory employees increased by
\n7 cents to $23.38 in May. (See tables B-3 and B-8.)<\/p>\n

The average workweek for all employees on private nonfarm payrolls was
\nunchanged at 34.4 hours in May. In manufacturing, the average workweek
\nand overtime hours were unchanged at 40.6 hours and 3.4 hours, respectively.
\nThe average workweek for production and nonsupervisory employees on private
\nnonfarm payrolls edged down by 0.1 hour to 33.6 hours. (See tables B-2
\nand B-7.)<\/p>\n

The change in total nonfarm payroll employment for March was revised down
\nfrom +189,000 to +153,000, and the change for April was revised down from
\n+263,000 to +224,000. With these revisions, employment gains in March and
\nApril combined were 75,000 less than previously reported. (Monthly revisions
\nresult from additional reports received from businesses and government
\nagencies since the last published estimates and from the recalculation of
\nseasonal factors.) After revisions, job gains have averaged 151,000 per
\nmonth over the last 3 months.<\/p>\n

_____________
\nThe Employment Situation for June is scheduled to be released on
\nFriday, July 5, 2019, at 8:30 a.m. (EDT).<\/p>\n