U.S. Jobs Report May 2017 Guide
Today, the latest jobs report was released. Having trouble making sense of all the data? Here’s a guide.
“Employment in health care rose by 24,000 in May. Hospitals added 7,000 jobs over the month, and employment in ambulatory health care services continued to trend up (+13,000). Job growth in health care has averaged 22,000 per month thus far in 2017, compared with an average monthly gain of 32,000 in 2016.”
“the unemployment rate dropped to 4.3% in May — its lowest level since May 2001. Shortly after the Great Recession ended in June 2009, unemployment peaked at 10%.”
“April was the strongest month for hiring since June 2015”
“Employment in food services and drinking places rose by 30,000 in May, and has grown by 267,000 over the past 12 months.
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 Labor Department said.”