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Payroll Report: 390,000 Jobs Added In May – 3.6% Unemployment Rate

United States of America – The U.S. Bureau of Labor Statistics data release today showed an increase of 390,000 jobs in May 2022. The unemployment rate remained at 3.6%. The unemployment rate has remained at 3.6% for the past 3 months. The number of unemployed people remained nearly unchanged at 6,000,000 people.

Household Survey Supplemental Data reported that in May 1.8 million people reported they had been unable to work due to permanent closure or lack of hours from the Pandemic. The data also noted in May 455,000 people were prevented from looking for work due to the pandemic, down from 586,000 in April.

 

Construction Payroll & Jobs Data

Construction added 36,000 in May of which included 17,000 Specialty Trade Jobs, 17,000 Heavy & Civil Engineering Jobs. Construction Employment is 40,000 jobs more than in February 2020.

 

Manufacturing Payroll & Jobs Data

Manufacturing added 18,000 jobs in May of which included 7,000 Metal Fabrication Jobs and 4,000 Wood Manufacturing Jobs.

 

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Mining Payroll & Jobs Data

Mining added 6,000 jobs in May which is 80,000 jobs higher than February 2021.

 

Transportation & Warehousing Payroll & Jobs Data

Transportation & Warehousing added 47,000 jobs in May which includes: Warehousing & Storage 18,000, Air Transportation 6,000, and 13,000 jobs were added to Truck Transportation. The gains put jobs 709,000 higher than February 2021 levels.

 

Other notable numbers show an increase in Wholesale Trade in May adding 14,000 jobs, down 41,000 from February 2020. Retail was down by 61,000.

A full PDF version from the BLS:

 

Source https://www.bls.gov/news.release/pdf/empsit.pdf

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