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Statement of
William W. Beach
Commissioner
Bureau of Labor Statistics
Friday, June 7, 2019
Nonfarm payroll employment edged up in May (+75,000), and
the unemployment rate remained at 3.6 percent. Employment
continued to trend up in professional and business services and
in health care.
Incorporating revisions for March and April, which
decreased employment by 75,000, monthly job gains have averaged
151,000 over the past 3 months.
Employment in professional and business services continued
to trend up in May (+33,000). Over the past 12 months, the
industry has added 498,000 jobs.
In May, health care employment also continued to trend up
(+16,000). Health care has added 391,000 jobs over the past 12
months.
Employment in construction was little changed in May
(+4,000), following an increase of 30,000 in April. The industry
has added 215,000 jobs over the last 12 months.
Employment showed little change in May in other major
industries--including mining, manufacturing, wholesale trade,
retail trade, transportation and warehousing, information,
financial activities, leisure and hospitality, and government.
Average hourly earnings of all employees on private nonfarm
payrolls rose by 6 cents in May to $27.83, following a 6-cent
gain in April. Over the past 12 months, average hourly earnings
have risen by 3.1 percent; the over-the-year percent change has
been 3.0 percent or above for 10 consecutive months. From April
2018 to April 2019, the Consumer Price Index for All Urban
Consumers (CPI-U) increased by 2.0 percent (on a seasonally
adjusted basis).
Turning to measures from the survey of households, the
unemployment rate held at 3.6 percent in May. The number of
unemployed people, at 5.9 million, was little changed.
Among the unemployed, the number of people searching for
work for 27 weeks or more was 1.3 million, little changed over
the month. These long-term unemployed accounted for 22.4 percent
of the unemployed.
Both the labor force participation rate, at 62.8 percent,
and the employment-population ratio, at 60.6 percent, were
unchanged over the month.
In May, 4.4 million people were working part time for
economic reasons (also referred to as involuntary part-time
workers), down by 299,000 from the previous month and by 565,000
over the year.
Among those neither working nor looking for work in May,
1.4 million were considered marginally attached to the labor
force, little changed from a year earlier. (People who are
marginally attached to the labor force 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.) Discouraged workers, a subset of the marginally
attached who believed no jobs were available for them, numbered
338,000 in May, also little changed from a year earlier.
In summary, nonfarm payroll employment edged up in May
(+75,000), and the unemployment rate remained at 3.6 percent.