Written By ESR News Blog Editor Thomas Ahearn
The United States economy added 138,000 jobs in May 2017 while the unemployment rate decreased by 0.1 percentage point to 4.3 percent – its lowest level since 2001 – according to the U.S. Department of Labor’s Bureau of Labor Statistics Employment Situation report.
The jobs report revealed that the number of unemployed persons in the U.S. decreased to 6.9 million in May 2017. Employment increased in professional and business services, food services and drinking places, health care, and mining.
- Professional and business services employment gained 38,000 jobs in May, and has added an average of 46,000 jobs per month thus far this year, in line with the average monthly job gain in 2016.
- Food services and drinking places employment added 30,000 jobs in May and has grown by 267,000 jobs over the past 12 months.
- Health care employment increased by 24,000 jobs in May. Job growth in health care has averaged 22,000 jobs per month so far in 2017, compared with an average monthly gain of 32,000 jobs in 2016.
- Mining employment added 7,000 jobs in May and has risen by 47,000 jobs since reaching a recent low point in October 2016.
Employment in other major industries including construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, financial activities, and government, showed little change over the month.
The change in employment for March 2017 was revised from 79,000 to 50,000 jobs added while April 2017 was revised from 211,000 to 174,000 jobs added. With the revisions, employment gains in these two months were 66,000 jobs less than previously reported.
The Employment Situation report is usually released on the first Friday of every month. The Employment Situation for June 2017 is scheduled to be released on July 7, 2017. Until then, the latest report is available at www.bls.gov/news.release/empsit.nr0.htm (PDF).
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