Market Updates
U.S. Economy Added 339,000 Jobs In May
Brian Turner
02 Jun, 2023
New York City
The U.S. economy added 339,000 jobs in May, and March and April data were revised higher, the U.S. Bureau of Labor Statistics reported Friday.
Despite the talks of job market slowdown and ongoing macroeconomic headwinds, payrolls in several sectors of the economy expanded at the elevated pace seen in the last twelve months.
Employers expanded payrolls in professional and business services, government, health care, construction, transportation and warehousing, and social assistance.
Job gains in May were in line with the monthly average of 341,000 over the last twelve months.
Professional and business services added 64,000, government at all levels increased 56,000, health care 52,000, leisure and hospitality 48,000, construction 25,000, warehousing 24,000 and social assistance 22,000.
Expanding payrolls also attracted more people to labor markets, driving jobless rate higher, according to the Household Survey conducted by the agency.
The unemployment rate increased by 0.3 percentage point to 3.7% in May, and the number of unemployed persons rose by 440,000 to 6.1 million.
In May, average hourly earnings for all employees on private nonfarm payrolls rose by 11 cents, or 0.3%, to $33.44 and average hourly earnings have increased by 4.3% over the last 12 months.
March and April employment data were revised higher by 93,000 total.
The March employment was revised up by 52,000, from 165,000 to 217,000, and the April data was revised up by 41,000, from 253,000 to 294,000.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|