Written By Thomas Ahearn
Total nonfarm employment in the United States increased by 217,000 jobs in May 2014 while the unemployment rate at 6.3 percent and the number of unemployed persons at 9.8 million remained unchanged, according to ‘THE EMPLOYMENT SITUATION — MAY 2014’ jobs report released by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). The May 2014 jobs report is available at http://www.bls.gov/news.release/pdf/empsit.pdf.
Over the year, the May 2014 jobs report revealed the unemployment rate and the number of unemployed persons declined by 1.2 percentage points and 1.9 million respectively. Over the prior 12 months, nonfarm payroll employment growth had averaged 197,000 jobs per month.
The jobs report for May 2014 found employment increased in professional and business services, health care and social assistance, food services and drinking places, and transportation and warehousing. Among specific industries, the jobs report found:
- Professional and business services employment added 55,000 jobs in May, the same as its average monthly job gain over the prior 12 months.
- Health care employment added 34,000 jobs over the month, twice its average monthly gain for the prior 12 months.
- Food services and drinking places employment continued to grow, increasing by 32,000 jobs in May and by 311,000 jobs over the past year.
- Transportation and warehousing employment rose by 16,000 in May. Over the prior 12 months, the industry had added an average of 9,000 jobs per month.
- Manufacturing employment changed little over the month but has added 105,000 jobs over the past year.
Employment in other major industries, including mining and logging, construction, wholesale trade, retail trade, information, financial activities, and government, showed little change over the month.
After revision, the jobs report for March 2014 remained at 203,000 jobs added while the jobs report for April 2014 was revised from 288,000 jobs added to 282,000 jobs added. With these revisions, employment gains in March and April were 6,000 jobs lower than previously reported.
The BLS Employment Situation jobs report for June 2014 is scheduled to be released on Thursday, July 3, 2014.
Jobs Report Updates from Employment Screening Resources® (ESR)
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