The U.S. Bureau of Labor Statistics fed retail investors and stock market quants a solid set of jobs number on Friday.
Total nonfarm payroll employment rose by +217,000 in May. The unemployment rate held at 6.3% in May, following a decline of -0.4% in April.
The May civilian labor force participation rate did not change. It stayed at 62.8%. This participation rate has shown no clear trend since October 2013. But it is down by -0.6% over the last 12 months.
Employment increased mostly in services. Four services industries provided +158K jobs.
Professional and business services (+55K),
Health care and social assistance (+55K),
Food services and drinking places (+32K), and
Transportation and warehousing (+16K)
There was little revisions to past months. After revisions, total nonfarm employment for March remained +203,000. April was revised from +288,000 to +282,000.
My RTI question: After This Week’s Historic European Easing, Are Fresh U.S. Jobs Numbers Bullish?
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