May Employment Rises by 2,000 as Unemployment Dips to 3.27%
Updated
Updated · IndexBox, Inc. · Jun 28
May Employment Rises by 2,000 as Unemployment Dips to 3.27%
1 articles · Updated · IndexBox, Inc. · Jun 28
Summary
11.634 million people were employed in May, up 2,000 from April, while the number of unemployed fell by 4,000 to 393,000.
Services drove the monthly gain with 3,000 added jobs and agriculture added 1,000, offsetting a 2,000 decline in industry.
3.32% was the seasonally adjusted unemployment rate, down 0.02 percentage points; labor underutilization gauges LU1, LU3 and LU4 also eased, while LU2 edged up to 4.30%.
59.50% was the labor force participation rate in May, down 0.02 percentage points from April but still 0.20 points higher than a year earlier.
23,000 more people were employed than a year earlier, with services adding 50,000 jobs even as agriculture and industry posted annual declines.