BLS Releases May 2018 Employment Situation (June 2018)
Employers added 223,000 nonfarm payroll jobs in May of 2018, according to the Bureau of Labor Statistics. The unemployment rate edge down at 3.8 percent.
Job gains occurred in retail, health care, and construction. The number of jobs in retail increased by 31,000, health care jobs increased by 29,000 over the month, while construction gained 25,000 jobs.
Job growth in April2018 was revised to 159,000, down from the initially estimated 164,000. Over the past three months, job growth has averaged 179,000 additions a month.
Average hourly earnings rose by eight cents to $26.92. Over the year, average hourly earnings have risen 2.7 percent.
The full BLS press release on the May 2018 employment situation can be accessed in the link below:
The next employment situation report for June 2018 will be released on Friday, July 6, 2018.