BLS Releases May 2017 Employment Situation (June 2017)

Employers added 138000 nonfarm payroll jobs in May of 2017 according to the Bureau of Labor Statistics.  The unemployment rate declined to 4.3 percent.

Job gains occurred in health care and mining. The number of jobs in professional and business services increased by 38000 over the month and employment in food services and drinking places increased by 30000 jobs.

Job growth in April 2017 was revised to 174000 down from the initially estimated 211000.  Over the past three months job growth has averaged 121000 additions a month.

Average hourly earnings rose by four cents to $26.22.   Over the year average hourly earnings have risen 2.5 percent. 

The full BLS press release on the May 2017 employment situation can be accessed in the link below:

The next employment situation report for June 2017 will be released on Friday July 7 2017.