CSIMarket

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.


Labor force
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


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 %.


 Employement situation (Picture Autor: Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954) 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.


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.





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.
 
Labor force participation rate
is the labor force as a percent of the population.
 
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







Source: Department of Labor
Picture Autor: (Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954)




     
       
Economy

Advance Monthly Sales

Consumer Price Index CPI

Producer Price Index PPI

Retail Inventories

Personal Income

Gross Domestic Product GDP

Money Supply

Industrial Production

Productivity

Employment Situation

US International Trade

Factory Orders

Durable Goods

Construction Spending

Housing Starts

Vehicle Unit Sales

Stocks

Event Calendar

MREO's Profile

Stock Price

MREO's Financials

MREO's Segments

MREO's Growth Rates

Business Description

Fundamentals

Charts & Quotes

MREO's News

MREO's Suppliers

MREO's Competitors

Customers & Markets

Economic Indicators

MREO's ROA

Screening

Performance

Growth Rates

Profitability

Valuation

Dividend

Financial Strength

Efficiency

Expectations

Management Effectivness

Glossary

Financial Terms

Technical Analysis

Fundamental Analysis

Energy Terms

Manufacturing Terms

Transportation Terms

Health Care

Insurance Terms

Economy Terms

Hotel & Leisure Terms

Industries


At a Glance

Performance

Growth Rates

Profitability

Valuation

Financial Strength

Markets


At a Glance

Stocks

Indices

Sectors & Industries

Financials

Commodities

Currencies

News


At a Glance

Stocks

Economy

Industries

Other

Help


Sitemap

Advertise

About us

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.  Free Stock Market News Feeds
   Copyright © 2020 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

To view Intraday Stock Data Java must be installed. Java content may be prohibited by the security software, to see the stock quotes, choose "allow content from this page" option. Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
CSIMarket.com 1500 N. University Drive, Coral Springs, FL 33071