BLS Releases April 2018 Employment Situation (May 2018)
Employers added 164,000 nonfarm payroll jobs in April of 2018, according to the Bureau of Labor Statistics. The unemployment rate edge down at 3.9 percent.
Job gains occurred in professional and business services, manufacturing, mining, and health care. The number of jobs in professional and business services increased by 54,000, manufacturing jobs increased by 24,000 over the month, while health care gained 24,000 jobs. Mining jobs increased by 8,000.
Job growth in March 2018 was revised to 135,000, up from the initially estimated 103,000. Over the past three months, job growth has averaged 208,000 additions a month.
Average hourly earnings rose by four cents to $26.84. Over the year, average hourly earnings have risen 2.6 percent.
The full BLS press release on the April 2018 employment situation can be accessed in the .pdf below:
The next employment situation report for May 2018 will be released on Friday, June 1, 2018.