May data show improving job market
U.S. Employment Report
The nonfarm payrolls grew 2.509,000 in May,
The economy gained a net 2.509,000 jobs in May and the nation's jobless rate declined to 13.3 %, from 14.7 %, on the seasonally adjusted basis, reported by the U.S. Labor Department.
After months of disappointment, the U.S. labor market showed signs of vigor in May as job growth accelerated. The number of employed people in the U.S. grew 2.88 % to 137,24 millions, the biggest increases occurred in leisure and hospitality sectors up by 1.239,000 payrolls, the information sector fared poorly by trimming -38,000 jobs.
At May 2020 Total number of unemployed persons
deacreased to 20.99 millions, a deacrease of 2,093.00
thousands or -9.07 % from April 2020, Unemployment rate
decreased to 13.30 %, from 14.70% in previous month.
In May 2,509,000 nonfarm payrolls were created.
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Labor force
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Average workweek grew by 1.46 % to 34.70 hours, an increase of $0.50 from 34.20 in April on the seasonally adjusted basis, the biggest increases occurred in leisure and hospitality sectors up to 25.70 hours, the hours worked in durable goods manufacturers fell the most to 66.70 hours.
Despite drop in in hourly earnings, average weekly earnings grew in the private sector to $1,032.33 from $1,027.37 in the previous month, due to growth hours worked.
The number of employed persons
increased to 137.24 millions by 3,839.00 thousands or 2.88 % in May 2020.
Total Labor force
increased to 158.23 millions.
Average weekly earnings where $1,032.33 dollars, in May 2020
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Average Weekly Hours of Production
The decline in the unemployment rate, which is based on a separate household survey, seemed solid. The number of unemployed people dropped to 20.99 million, a decrease by -2,093,000 from 23.08 million in April by -9.07 % on the seasonally adjusted basis.
The number of people entered the labor force in May matched the natural growth rate of U.S. poulation, lifting the percentage of civilians who have or want a job up to 60.80 % from 60.20 %.
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The U.S. Labor Department reported shipments of U.S.-made products, such as autos or appliances dropped by -0.97 % to $29.75, a decrease by $0.29 from $30.04 in April in May on the seasonally adjusted basis.
Construction Industry
grew to 38.90 hours per week, from April 2020; Manufacturing Industry
rose to 38.90 hours per week, Durable goods Industry
increased to 66.70 hours per week, Nondurable goods Industry
advanced to 38.80 hours per week.
Average Weekly Hours of Production for private serviceproviding
industry
rose to 33.80 hours per week, from April 2020; Trade, transportation & utilities Industry
grew to 34.30 hours per week, from April 2020 .
Financial activities Industry Average Weekly Hours of Production
moved up to 37.80 hours per week, from April 2020.
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Information Industry Average Weekly Hours of Production
went up to 36.60 hours per week, from April 2020; Professional & business services Industry
increased to 36.40 hours per week, from April 2020;
Education & health services Industry
advanced to 32.90 hours per week, from April 2020; Leisure & hospitality Industry
advanced to 25.70 hours per week, from April 2020; Other services Industry
grew to 32.70 hours per week, from April 2020.
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Employment
Situation
( in millions or %) |
May 2020
prel. |
April 2020
prel. |
March 2020
prel. |
Feb. 2020
prel. |
Jan. 2020
prel. |
Dec. 2019
prel. |
| Unemployment rate |
|
13.3 % |
14.7 % |
4.4 % |
3.5 % |
3.6 % |
3.5 % |
| Number of unemployed persons |
|
20.985 |
23.078 |
7.140 |
5.787 |
5.892 |
5.753 |
| Number of Employed persons |
|
137.242 |
133.403 |
155.772 |
158.759 |
158.714 |
158.803 |
| Employment/population ratio |
|
52.8 % |
51.3 % |
60 % |
61.1 % |
61.2 % |
61 % |
| Civilian labor force |
|
158.227 |
156.481 |
162.913 |
164.546 |
164.606 |
164.556 |
| Participation rate |
|
60.8 % |
60.2 % |
62.7 % |
63.4 % |
63.4 % |
63.2 % |
| Civilian noninstitutional
population |
|
260.047 |
259.896 |
259.758 |
259.628 |
259.502 |
260.181 |
| Persons who currently want a job outside CLF |
|
8.962 |
9.916 |
5.509 |
4.962 |
4.904 |
4.832 |
EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands) |
|
May 2020
prel. |
April 2020
prel. |
March 2020
prel. |
Feb. 2020
prel. |
Jan. 2020
prel. |
Dec. 2019
prel. |
| Nonfarm Payrolls |
|
+2,509.0 |
-20,687.0 |
-701.0 |
+273.0 |
+225.0 |
+145.0 |
| Total Private Payrolls |
|
+3,094.0 |
-19,724.0 |
-713.0 |
+228.0 |
+206.0 |
+139.0 |
| Goods-producing Payrolls |
|
+669.0 |
-2,373.0 |
-54.0 |
+61.0 |
+32.0 |
-1.0 |
| Mining & logging |
|
-20.0 |
-54.0 |
-7.0 |
+4.0 |
- |
-9.0 |
| Construction |
|
+464.0 |
-995.0 |
-29.0 |
+42.0 |
+44.0 |
+20.0 |
| Manufacturing Payrolls |
|
+2.4 |
+2.1 |
+3.0 |
+3.2 |
+3.1 |
+3.2 |
| Durable goods |
|
+119.0 |
-907.0 |
-7.0 |
+11.0 |
-11.0 |
-7.0 |
| Motor vehicles and parts |
|
+27.7 |
-359.2 |
-2.2 |
+6.8 |
-10.6 |
-0.8 |
| Nondurable goods |
|
+106.0 |
-417.0 |
-11.0 |
+4.0 |
-1.0 |
-5.0 |
| Private service-providing Payrolls |
|
+2,425.0 |
-17,351.0 |
-659.0 |
+167.0 |
+174.0 |
+140.0 |
| Wholesale trade |
|
+21.4 |
-382.5 |
+0.9 |
-2.6 |
+8.4 |
+8.3 |
| Retail trade |
|
+367.8 |
-2,285.8 |
-46.2 |
-7.0 |
-8.3 |
+41.2 |
| Transportation and warehousing |
|
-19.0 |
-553.3 |
-4.9 |
-4.0 |
+28.3 |
-10.4 |
| Information |
|
-38.0 |
-272.0 |
+2.0 |
+4.0 |
+5.0 |
+3.0 |
| Financial activities |
|
+33.0 |
-264.0 |
-1.0 |
+26.0 |
-1.0 |
+6.0 |
| Professional and business services |
|
+127.0 |
-2,189.0 |
-52.0 |
+41.0 |
+21.0 |
+10.0 |
| Temporary help services |
|
+39.1 |
-840.5 |
-49.5 |
-3.3 |
-1.5 |
+6.4 |
| Education and health services |
|
+424.0 |
-2,590.0 |
-76.0 |
+54.0 |
+72.0 |
+36.0 |
| Health care and social assistance |
|
+390.7 |
-2,128.5 |
-61.2 |
+56.5 |
+47.2 |
+33.9 |
| Leisure and hospitality |
|
+1,239.0 |
-7,539.0 |
-459.0 |
+51.0 |
+36.0 |
+40.0 |
| Other services |
|
- |
- |
- |
- |
- |
- |
| Government Payrolls |
|
- |
- |
- |
- |
- |
- |
Civilian labor force
is the sum of employed and unemployed persons. |
|
|
Unemployment Rate
is the number unemployed as a percent of the labor force. |
|
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Labor force participation rate
is the
labor force as a percent of the population. |
|
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Employment-population ratio
is the employed as a percent of the population. |
| Average weekly Salary by Industry ($) |
May 2020
prel. |
April 2020
prel. |
March 2020
prel. |
Feb. 2020
prel. |
Jan. 2020
prel. |
Dec. 2019
prel. |
| Total private |
|
1,032.33 |
1,027.37 |
978.80 |
981.09 |
975.49 |
971.38 |
| Goods producing |
|
1,173.51 |
1,155.17 |
1,188.16 |
1,193.42 |
1,181.35 |
1,180.14 |
| Natural resources &
mining |
|
1,509.30 |
1,511.45 |
1,581.58 |
1,574.11 |
1,567.27 |
1,581.68 |
| Construction |
|
1,223.79 |
1,188.92 |
1,224.22 |
1,232.06 |
1,219.53 |
1,213.29 |
| Manufacturing |
|
1,126.54 |
1,115.57 |
1,145.34 |
1,147.74 |
1,138.07 |
1,140.08 |
| Overtime hours |
|
- |
- |
- |
- |
- |
- |
| Durable goods |
|
2,027.01 |
-9,886.54 |
1,143.45 |
1,422.24 |
897.49 |
1,188.97 |
| Nondurable goods |
|
1,032.86 |
1,024.91 |
1,035.60 |
1,028.80 |
1,018.70 |
1,014.73 |
| Private serviceproviding |
|
1,002.51 |
1,002.00 |
936.87 |
941.72 |
936.24 |
931.59 |
| Trade, transportation
& utilities |
|
872.94 |
867.65 |
846.87 |
844.81 |
834.62 |
838.93 |
| Wholesale trade |
|
1,239.56 |
1,227.51 |
1,231.43 |
1,234.23 |
1,235.08 |
1,230.41 |
| Retail trade |
|
653.54 |
643.55 |
626.03 |
620.00 |
607.93 |
611.22 |
| Transportation & warehousing |
|
967.76 |
955.33 |
964.22 |
962.48 |
952.71 |
969.82 |
| Utilities |
|
1,812.49 |
1,829.14 |
1,804.13 |
1,798.57 |
1,804.45 |
1,779.95 |
| |
|
|
|
|
|
|
| Information |
|
1,590.64 |
1,594.32 |
1,567.38 |
1,557.32 |
1,558.77 |
1,532.71 |
| Financial activities |
|
1,429.22 |
1,407.34 |
1,380.30 |
1,386.69 |
1,379.92 |
1,367.14 |
| Professional & business
services |
|
1,290.38 |
1,284.50 |
1,244.01 |
1,247.09 |
1,238.59 |
1,235.34 |
| Education & health
services |
|
935.35 |
922.25 |
917.91 |
924.15 |
918.72 |
920.84 |
| Leisure & hospitality |
|
446.92 |
434.39 |
410.65 |
435.25 |
435.90 |
432.67 |
| Other services |
|
881.27 |
887.28 |
809.24 |
817.60 |
818.24 |
807.08 |
| Average weekly hours of production by Industry |
May 2020
prel. |
April 2020
prel. |
March 2020
prel. |
Feb. 2020
prel. |
Jan. 2020
prel. |
Dec. 2019
prel. |
| Total private |
|
34.70 |
34.20 |
34.20 |
34.40 |
34.30 |
34.30 |
| Goods producing |
|
39.00 |
38.20 |
40.10 |
40.40 |
40.10 |
40.10 |
| Natural resources &
mining |
|
43.00 |
43.00 |
45.50 |
45.60 |
45.60 |
45.70 |
| Construction |
|
38.90 |
37.90 |
39.10 |
39.30 |
39.10 |
39.00 |
| Manufacturing |
|
38.90 |
38.10 |
40.40 |
40.70 |
40.40 |
40.50 |
| Overtime hours |
|
- |
- |
- |
- |
- |
- |
| Durable goods |
|
66.70 |
-321.20 |
38.50 |
48.00 |
30.30 |
40.10 |
| Nondurable goods |
|
38.80 |
38.20 |
39.80 |
40.00 |
39.70 |
39.70 |
| Private serviceproviding |
|
33.80 |
33.40 |
33.00 |
33.30 |
33.20 |
33.20 |
| Trade, transportation
& utilities |
|
34.30 |
33.80 |
34.30 |
34.30 |
33.90 |
34.20 |
| Wholesale trade |
|
38.00 |
37.70 |
38.70 |
38.80 |
38.90 |
38.90 |
| Retail trade |
|
31.30 |
30.50 |
30.90 |
30.80 |
30.20 |
30.50 |
| Transportation & warehousing |
|
37.70 |
37.10 |
38.40 |
38.30 |
38.20 |
38.70 |
| Utilities |
|
42.20 |
42.40 |
42.50 |
42.60 |
42.80 |
42.40 |
| |
|
|
|
|
|
|
| Information |
|
36.60 |
36.50 |
36.40 |
36.20 |
36.20 |
36.20 |
| Financial activities |
|
37.80 |
37.70 |
37.60 |
37.60 |
37.60 |
37.60 |
| Professional & business
services |
|
36.40 |
35.90 |
36.10 |
36.20 |
36.10 |
36.10 |
| Education & health
services |
|
32.90 |
32.60 |
32.90 |
33.10 |
33.00 |
33.10 |
| Leisure & hospitality |
|
25.70 |
24.20 |
24.40 |
25.80 |
25.90 |
25.80 |
| Other services |
|
32.70 |
32.30 |
31.50 |
31.90 |
32.00 |
31.80 |
| Average hourly earnings ($) |
May 2020
prel. |
April 2020
prel. |
March 2020
prel. |
Feb. 2020
prel. |
Jan. 2020
prel. |
Dec. 2019
prel. |
| Total private |
|
29.75 |
30.04 |
28.62 |
28.52 |
28.44 |
28.32 |
| Goods producing |
|
30.09 |
30.24 |
29.63 |
29.54 |
29.46 |
29.43 |
| Natural resources &
mining |
|
35.10 |
35.15 |
34.76 |
34.52 |
34.37 |
34.61 |
| Construction |
|
31.46 |
31.37 |
31.31 |
31.35 |
31.19 |
31.11 |
| Manufacturing |
|
28.96 |
29.28 |
28.35 |
28.20 |
28.17 |
28.15 |
| Overtime hours |
|
- |
- |
- |
- |
- |
- |
| Durable goods |
|
30.39 |
30.78 |
29.70 |
29.63 |
29.62 |
29.65 |
| Nondurable goods |
|
26.62 |
26.83 |
26.02 |
25.72 |
25.66 |
25.56 |
| Private serviceproviding |
|
29.66 |
30.00 |
28.39 |
28.28 |
28.20 |
28.06 |
| Trade, transportation
& utilities |
|
25.45 |
25.67 |
24.69 |
24.63 |
24.62 |
24.53 |
| Wholesale trade |
|
32.62 |
32.56 |
31.82 |
31.81 |
31.75 |
31.63 |
| Retail trade |
|
20.88 |
21.10 |
20.26 |
20.13 |
20.13 |
20.04 |
| Transportation & warehousing |
|
25.67 |
25.75 |
25.11 |
25.13 |
24.94 |
25.06 |
| Utilities |
|
42.95 |
43.14 |
42.45 |
42.22 |
42.16 |
41.98 |
| |
|
|
|
|
|
|
| Information |
|
43.46 |
43.68 |
43.06 |
43.02 |
43.06 |
42.34 |
| Financial activities |
|
37.81 |
37.33 |
36.71 |
36.88 |
36.70 |
36.36 |
| Professional & business
services |
|
35.45 |
35.78 |
34.46 |
34.45 |
34.31 |
34.22 |
| Education & health
services |
|
28.43 |
28.29 |
27.90 |
27.92 |
27.84 |
27.82 |
| Leisure & hospitality |
|
17.39 |
17.95 |
16.83 |
16.87 |
16.83 |
16.77 |
| Other services |
|
26.95 |
27.47 |
25.69 |
25.63 |
25.57 |
25.38 |
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