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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.

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