US Labor Department Employment Situation Report Shows Economy Added 54,000 Jobs in May 2011

The U.S. Labor Department’s Bureau of Labor Statistics Employment Situation Report for May 2011 shows that total nonfarm payroll employment added 54,000 jobs following gains that averaged 220,000 jobs in the prior three months. For May 2011, the job gains continued in professional and business services, healthcare, and mining while employment levels in other major private-sector industries were little changed and local government employment continued to decline.

‘THE EMPLOYMENT SITUATION – MAY 2011’ also revealed that both the number of unemployed persons, at 13.9 million, and the unemployment rate, at 9.1 percent, were essentially unchanged in May 2011. While most major industries changed little over the month, professional and business services, healthcare, and mining showed the following gains:

  • Professional and Business Services: Employment continued to increase in May 2011 with 44,000 jobs added and job gains occurring in accounting and bookkeeping services, with 18,000 jobs added, and in computer systems design and related services, with 8,000 jobs added.
  • Health Care: Employment continued to expand in May 2011 with the addition of 17,000 jobs, and employment in the industry has risen by an average of 24,000 jobs per month over the past 12 months.
  • Mining: Employment added 7,000 jobs in May 2011 and employment in mining has risen by 115,000 jobs since October 2009.

Employment in in other major industries, including retail trade, transportation and warehousing, information, financial activities, manufacturing, construction, and leisure and hospitality, changed little in May 2011. Employment in local government continued to decline over the month with the loss of 28,000 jobs, and local government has lost 446,000 jobs since an employment peak in September 2008.

The Employment Situation Report for May 2011 will be available at http://www.bls.gov/news.release/pdf/empsit.pdf until replaced by next month’s report. The Employment Situation report for June 2011 is scheduled to be released on Friday, July 8, 2011.

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Sources: 
http://www.bls.gov/news.release/pdf/empsit.pdf