Economy gains 223,000 jobs, unemployment rate 3.8 %

U.S. Employment Report

The nonfarm payrolls grew 223,000 in May, as faster hiring puts more money in the hands of consumers, what usually leads to an increase in spending, as the hiring in the private sector accelerates and the public sector creates new jobs.
Employment outside the farm sector grew by 223,000 workers in May and the jobless rate fell to 3.8 %, from 3.9 %, on the seasonally adjusted basis, reported by the Labor Department.

Companies in the private service providing sector hired 171,000 workers and payrolls in goods-producing industries rose by 47,000, bringing overall job growth in the pivate sector to 218,000. Hiring was strong accross the board in the May report, improvement in the private sector, was followed by the job growth in public sector, as the government hired 5,000 people.

As the year goes on, companies have been hiring at a faster clip as Americans increase spending and consumer confidence rises, economists have seen a steady improvement in the jobs market and recruiting activity.
Current report confirms positive trends in the nonfarm payrolls. Total number of employed persons in the U.S. rose by 0.19 % to 155,47 millions, the education and health services sectors employment rose by 39,000, the temporary help services has lost -7,800 jobs.

At May 2018 Total number of unemployed persons deacreased to 6.07 millions, a deacrease of 281.00 thousands or -4.43 % from April 2018, Unemployment rate decreased to 3.80 %, from 3.90% in previous month. In May 223,000 nonfarm payrolls were created.

Labor force

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The decline in the unemployment rate, which is based on a separate household survey, seemed solid. Unemployment faded to 6.07 million, a decrease by -281,000 from 6.35 million in April by -4.43 % on the seasonally adjusted basis.
The labor force increased by 12,000 in May, driving the employment participation rate down -0.10 % to 62.70 %.

The number of employed persons increased to 155.47 millions by 293.00 thousands or 0.19 % in May 2018.

Total Labor force increased to 161.54 millions.
Average weekly earnings where $928.74 dollars, in May 2018

Average Weekly Hours of Production

Average hourly earnings grew modestly in May by 0.30 % to $26.92, an increase of $0.08 from $26.84 in April on the seasonally adjusted basis, the hourly earnings in financial sector posted the largest increase to $34.77, the utilities showed low overall growth to $40.14, reported by the Labor Department. On a year-over-year basis, earnings were up 2.67 %, This is above the % year-over-year increase in the consumer price index in May.
	Average workweek remained unchanged in May on the seasonally adjusted basis, hours worked in the natural resources and mining posted the largest increase to 46.10 hours, the hours worked in durable goods manufacturers fell the most to 36.80 hours, reported by the U.S. Labor Department. With modest growth in hourly earnings and unchanged in hours worked, average weekly earnings increased in the private sector to $928.74 from $925.98 in the previous month. Construction Industry grew to 39.60 hours per week, from April 2018; Manufacturing Industry fell to 40.80 hours per week, Durable goods Industry fell to 36.80 hours per week, Nondurable goods Industry remained unchanged. Average Weekly Hours of Production for private serviceproviding industry remained unchanged from April 2018; Trade, transportation & utilities Industry grew to 34.50 hours per week, from April 2018 . Financial activities Industry Average Weekly Hours of Production fell to 37.50 hours per week, from April 2018.

Information Industry Average Weekly Hours of Production fell to 36.00 hours per week, from April 2018; Professional & business services Industry remained unchanged from April 2018; Education & health services Industry remained unchanged from April 2018; Leisure & hospitality Industry remained unchanged from April 2018; Other services Industry fell to 31.70 hours per week, from April 2018.

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Employment Situation ( in millions or %)	May 2018 prel.	April 2018 prel.	March 2018 prel.	Feb. 2018 prel.	Jan. 2018 prel.	Dec. 2017 prel.
Unemployment rate	3.8 %	3.9 %	4.1 %	4.1 %	4.1 %	4.1 %
Number of unemployed persons	6.065	6.346	6.585	6.706	6.684	6.576
Number of Employed persons	155.474	155.181	155.178	155.215	154.430	154.021
Employment/population ratio	60.4 %	60.3 %	60.4 %	60.4 %	60.1 %	60.1 %
Civilian labor force	161.539	161.527	161.763	161.921	161.115	160.597
Participation rate	62.7 %	62.8 %	62.9 %	63 %	62.7 %	62.7 %
Civilian noninstitutional population	257.454	257.272	257.097	256.934	256.780	256.109
Persons who currently want a job outside CLF	5.183	5.115	5.096	5.131	5.171	5.308
EMPLOYMENT BY SELECTED INDUSTRY (Over-the-month change, in thousands)	May 2018 prel.	April 2018 prel.	March 2018 prel.	Feb. 2018 prel.	Jan. 2018 prel.	Dec. 2017 prel.
Nonfarm Payrolls	+223.0	+164.0	+103.0	+313.0	+200.0	+160.0
Total Private Payrolls	+218.0	+168.0	+102.0	+287.0	+196.0	+166.0
Goods-producing Payrolls	+47.0	+49.0	+15.0	+100.0	+57.0	+55.0
Mining & logging	+4.0	+8.0	+8.0	+8.0	+6.0	+1.0
Construction	+25.0	+17.0	-15.0	+61.0	+36.0	+33.0
Manufacturing Payrolls	+3.5	+3.7	+3.6	+3.6	+3.5	+3.5
Durable goods	+15.0	+18.0	+22.0	+32.0	+18.0	+18.0
Motor vehicles and parts	-4.4	-0.9	+3.3	+6.2	-0.3	+1.6
Nondurable goods	+3.0	+6.0	-	-1.0	-3.0	+3.0
Private service-providing Payrolls	+171.0	+119.0	+87.0	+187.0	+139.0	+111.0
Wholesale trade	+4.2	-9.8	+11.4	+5.8	+9.8	+10.1
Retail trade	+31.1	+1.8	-4.4	+50.3	+15.4	-25.6
Transportation and warehousing	+18.7	+0.4	+9.8	+15.4	+11.1	+11.6
Information	+6.0	+7.0	+2.0	-12.0	-6.0	-1.0
Financial activities	+8.0	+2.0	+2.0	+28.0	+9.0	+6.0
Professional and business services	+31.0	+54.0	+33.0	+50.0	+23.0	+25.0
Temporary help services	-7.8	+10.3	-0.6	+26.5	+1.8	-1.5
Education and health services	+39.0	+31.0	+25.0	+23.0	+38.0	+39.0
Health care and social assistance	+31.7	+29.3	+33.8	+29.1	+25.8	+35.6
Leisure and hospitality	+21.0	+18.0	+5.0	+16.0	+35.0	+37.0
Other services	+13.0	+14.0	-1.0	+10.0	+6.0	+8.0
Government Payrolls	+5.0	-4.0	+1.0	+26.0	+4.0	-6.0

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 2018 prel.	April 2018 prel.	March 2018 prel.	Feb. 2018 prel.	Jan. 2018 prel.	Dec. 2017 prel.
Total private	928.74	925.98	925.29	922.88	917.18	919.43
Goods producing	1,139.64	1,142.04	1,132.38	1,134.36	1,121.18	1,128.33
Natural resources & mining	1,500.09	1,483.82	1,501.44	1,485.78	1,462.22	1,473.37
Construction	1,174.14	1,170.39	1,153.66	1,158.17	1,143.87	1,154.42
Manufacturing	1,097.52	1,106.00	1,098.57	1,100.03	1,089.30	1,093.44
Overtime hours	-	-	-	-	-	-
Durable goods	1,039.23	1,146.54	1,253.71	1,339.89	1,143.26	1,203.77
Nondurable goods	989.72	990.53	993.74	994.60	984.73	983.54
Private serviceproviding	887.11	884.12	884.12	881.45	878.80	878.12
Trade, transportation & utilities	801.78	796.70	797.64	795.57	790.02	794.88
Wholesale trade	1,189.81	1,176.34	1,178.97	1,185.12	1,178.19	1,190.79
Retail trade	579.70	575.67	576.58	572.55	563.35	570.37
Transportation & warehousing	940.41	943.71	942.35	940.60	937.59	935.66
Utilities	1,689.89	1,698.31	1,674.74	1,658.82	1,664.69	1,657.15

Information	1,418.40	1,416.93	1,410.43	1,418.40	1,390.16	1,402.03
Financial activities	1,303.88	1,285.92	1,297.20	1,290.81	1,278.02	1,276.14
Professional & business services	1,164.92	1,166.73	1,162.42	1,161.30	1,158.48	1,152.00
Education & health services	887.70	884.40	882.38	882.75	883.74	880.11
Leisure & hospitality	413.95	413.16	412.64	410.81	408.98	411.34
Other services	772.53	773.69	770.31	768.73	765.98	770.20

Average weekly hours of production by Industry	May 2018 prel.	April 2018 prel.	March 2018 prel.	Feb. 2018 prel.	Jan. 2018 prel.	Dec. 2017 prel.
Total private	34.50	34.50	34.50	34.50	34.30	34.50
Goods producing	40.60	40.70	40.50	40.60	40.20	40.50
Natural resources & mining	46.10	45.60	46.00	45.90	45.20	45.70
Construction	39.60	39.50	39.20	39.30	39.00	39.40
Manufacturing	40.80	41.10	40.90	41.00	40.60	40.80
Overtime hours	-	-	-	-	-	-
Durable goods	36.80	40.60	44.60	47.70	40.70	42.90
Nondurable goods	40.20	40.20	40.20	40.30	39.90	39.90
Private serviceproviding	33.30	33.30	33.30	33.30	33.20	33.30
Trade, transportation & utilities	34.50	34.40	34.50	34.50	34.20	34.50
Wholesale trade	39.10	38.90	39.00	39.10	39.00	39.30
Retail trade	31.10	31.00	31.20	31.10	30.60	31.10
Transportation & warehousing	38.70	38.90	38.70	38.90	38.60	38.60
Utilities	42.10	42.10	41.90	41.90	41.90	41.90

Information	36.00	36.10	36.10	36.00	35.70	36.20
Financial activities	37.50	37.60	37.60	37.60	37.60	37.60
Professional & business services	36.20	36.20	36.10	36.20	36.00	36.00
Education & health services	33.00	33.00	32.90	33.00	33.00	33.00
Leisure & hospitality	26.10	26.10	26.10	26.10	26.00	26.20
Other services	31.70	31.80	31.70	31.70	31.60	31.80

Average hourly earnings ($)	May 2018 prel.	April 2018 prel.	March 2018 prel.	Feb. 2018 prel.	Jan. 2018 prel.	Dec. 2017 prel.
Total private	26.92	26.84	26.82	26.75	26.74	26.65
Goods producing	28.07	28.06	27.96	27.94	27.89	27.86
Natural resources & mining	32.54	32.54	32.64	32.37	32.35	32.24
Construction	29.65	29.63	29.43	29.47	29.33	29.30
Manufacturing	26.90	26.91	26.86	26.83	26.83	26.80
Overtime hours	-	-	-	-	-	-
Durable goods	28.24	28.24	28.11	28.09	28.09	28.06
Nondurable goods	24.62	24.64	24.72	24.68	24.68	24.65
Private serviceproviding	26.64	26.55	26.55	26.47	26.47	26.37
Trade, transportation & utilities	23.24	23.16	23.12	23.06	23.10	23.04
Wholesale trade	30.43	30.24	30.23	30.31	30.21	30.30
Retail trade	18.64	18.57	18.48	18.41	18.41	18.34
Transportation & warehousing	24.30	24.26	24.35	24.18	24.29	24.24
Utilities	40.14	40.34	39.97	39.59	39.73	39.55

Information	39.40	39.25	39.07	39.40	38.94	38.73
Financial activities	34.77	34.20	34.50	34.33	33.99	33.94
Professional & business services	32.18	32.23	32.20	32.08	32.18	32.00
Education & health services	26.90	26.80	26.82	26.75	26.78	26.67
Leisure & hospitality	15.86	15.83	15.81	15.74	15.73	15.70
Other services	24.37	24.33	24.30	24.25	24.24	24.22

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

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