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May employment report shows 217000 jobs added

Private-sector employment in the United States increased by 217,000 jobs in May 2014, according to ‘THE EMPLOYMENT SITUATION — MAY 2014’ released today by the U.S. Bureau of Labor Statistics.

The unemployment rate and the number of unemployed persons remained unchanged at at 6.3 percent and at 9.8 million respectively. Over the year, the unemployment rate and the number of unemployed persons declined by 1.2 percentage points and 1.9 million respectively.

Over the prior 12 months, nonfarm payroll employment growth had averaged 197,000 jobs per month. Employment increased the most in professional and business services, health care and social assistance, food services and drinking places, and transportation and warehousing in May 2014:

  • Professional and business services +55,000
  • Health care and social assistance employment +55,000
  • Food services and drinking places +32,000
  • Transportation and warehousing +16,000

Employment in other major industries including manufacturing, mining and logging, construction, wholesale trade, retail trade, information, financial activities, and government, showed little change over the month.

After revision, the jobs report for March 2014 remained at 203,000 jobs added while the jobs report for April 2014 was revised from 288,000 jobs added to 282,000 jobs added. With these revisions, employment gains in March and April were 6,000 jobs lower than previously reported.

The ‘THE EMPLOYMENT SITUATION — JUNE 2014’ is scheduled to be released on Thursday, July 3, 2014.

The current employment situation report is available at http://www.bls.gov/news.release/pdf/empsit.pdf.