June 3, 2022

BLS Employment Situation Report (May 2022)

 Nonfarm Payrolls month/month  390,000.   Previous was 436,000

- Unemployment Rate  3.6%. Previous was  3.6%

- Private Payrolls - month/month 333,000.  Previous was   405,000

- Manufacturing Payrolls month/month  18,000. Previous was   61,000

- Labor Participation Rate    62.3 %. Previous was  62.2%

- Average Hourly Earnings month/month    0.3%. Previous was  0.3%

- Average Hourly Earnings year/year    5.2%. Previous was  5.5%

- Average Workweek        34.6 hours. Previous was  34.6 hours  

Revisions to December and January subtracted 22,000 jobs.

Source:  BLS  Details:  https://www.bls.gov/news.release/empsit.nr0.htm