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Statement of
Erica L. Groshen
Commissioner
Bureau of Labor Statistics
Friday, June 5, 2015
Nonfarm payroll employment rose by 280,000 in May, and the
unemployment rate was essentially unchanged at 5.5 percent.
Employment rose in professional and business services, leisure
and hospitality, and health care. Job losses continued in
mining.
Incorporating the revisions for March and April, which
increased nonfarm employment by 32,000, on net, monthly job
gains have averaged 207,000 over the past 3 months. In the 12
months prior to May, employment growth averaged 251,000 per
month.
Employment in professional and business services rose by
63,000 in May and by 671,000 over the year. Within the industry,
computer systems design and related services added 10,000 jobs
in May. Employment continued to trend up in temporary help
services (+20,000), in management and technical consulting
services (+7,000), and in architectural and engineering services
(+5,000).
Employment in leisure and hospitality increased by 57,000
over the month, after changing little in the prior 2 months.
Employment in arts, entertainment, and recreation edged up in
May (+29,000). Employment in food services and drinking places
has shown little net change over the past 3 months.
Employment in health care increased by 47,000 in May and
has grown by 408,000 over the year. Ambulatory health care
services (+28,000) and hospitals (+16,000) added jobs over the
month.
Retail trade employment edged up in May (+31,000). Over the
prior 12 months, the industry had added an average of 24,000
jobs per month. In May, automobile dealers added 8,000 jobs.
Employment continued to trend up in May in construction
(+17,000), transportation and warehousing (+13,000), and
financial activities (+13,000).
Manufacturing employment changed little for the fourth
month in a row. The industry had added an average of 18,000 jobs
per month from January 2014 to January 2015.
Mining lost 17,000 jobs in May. The decrease was in support
activities for mining, which include those for oil and gas
operations. Employment in mining has fallen by 68,000 thus far
in 2015, more than offsetting the 41,000 jobs gained during
2014.
Average hourly earnings of all employees on private nonfarm
payrolls rose by 8 cents in May to $24.96. Over the past 12
months, average hourly earnings have risen by 2.3 percent. From
April 2014 to April 2015, the Consumer Price Index for All Urban
Consumers (CPI-U) declined by 0.1 percentage point (on a
seasonally adjusted basis).
Turning now to data from our survey of households, both the
unemployment rate, at 5.5 percent, and the number of unemployed
persons, at 8.7 million, were essentially unchanged in May and
have shown little movement since February. Among those
unemployed in May, 28.6 percent had been jobless for 27 weeks or
longer. Both the number of long-term unemployed and their share
of total unemployment have fallen over the past 12 months.
The civilian labor force rose by 397,000 in May. The labor
force participation rate, at 62.9 percent, changed little over
the month and has remained within a narrow range of 62.7 percent
to 62.9 percent since April 2014. The employment-population
ratio was essentially unchanged, at 59.4 percent, in May.
The number of persons employed part time for economic
reasons was about unchanged at 6.7 million in May and has shown
little movement in recent months. These individuals, who would
have preferred full-time employment, were working part time
because their hours had been cut back or because they were
unable to find full-time work.
Among people who were neither working nor looking for work
in May, 1.9 million were classified as marginally attached to
the labor force, down by 268,000 over the year. These
individuals had not looked for work in the 4 weeks prior to the
survey but wanted a job, were available for work, and had looked
for a job within the last 12 months. The number of discouraged
workers, a subset of the marginally attached who believed that
no jobs were available for them, was 563,000 in May, down by
134,000 over the year.
In summary, nonfarm payroll employment rose by 280,000 in
May, and the unemployment rate was essentially unchanged at 5.5
percent.