Economy Gains 390,000 Jobs in May; Unemployment Steady at 3.6%

Economy Gains 390,000 Jobs in May; Unemployment Steady at 3.6%

Bureau of Labor Statistics

The U.S. economy gained 390,000 jobs in May, and the unemployment rate remained steady at 3.6%, according to figures released Friday morning by the U.S. Bureau of Labor Statistics. Continuing strong job creation numbers are a clear sign that the worker-friendly policies implemented by President Biden are having a positive impact on working people.

In response to the May job numbers, AFL-CIO Chief Economist William Spriggs tweeted:

Last month’s biggest job gains were in leisure and hospitality (+84,000), professional and business services (+75,000), transportation and warehousing (+47,000), construction (+36,000), state government education (+36,000), private education (+33,000), health care (+28,000), manufacturing (+18,000), wholesale trade  (+14,000), local government education (+14,000), mining (+6,000). Employment in retail trade declined by 61,000. In May, employment showed little change in other major industries, including information, financial activities and other services.

Among the major worker groups, the unemployment rate for Asian Americans declined to 2.4% in May. The jobless rates for teenagers (10.4%), Black Americans (6.2%), Hispanics (4.3%), adult men (3.4%), adult women (3.4%) and White Americans (3.2%) showed little or no change over the month.

The number of long-term unemployed workers (those jobless for 27 weeks or more) was edged down in May and accounted for 23.2% of the total unemployed.

Kenneth Quinnell
Fri, 06/03/2022 – 14:33

Updated: June 9, 2022 — 11:50 am