U.S. Economy Added 69K jobs in May, Unemplyment Rate Up to 8.1%


U.S. Nonfarm payroll employment changed little in May (+69,000), and the unemployment rate went up to 8.2 percent, the U.S. Bureau of Labor Statistics reported on June 1st. Employment increased in health care, transportation and warehousing, and wholesale trade but declined in construction. Employment was little changed in most other major industries.

Both the number of unemployed persons (12.7 million) and the unemployment rate (8.2 percent) changed little in May.

Among the major worker groups, the unemployment rates for adult men (7.8 percent) and Hispanics (11.0 percent) edged up in May, while the rates for adult women (7.4 percent), teenagers (24.6 percent), whites (7.4 percent), and blacks (13.6 percent) showed little or no change. The jobless rate for Asians was 5.2 percent in May (not seasonally adjusted), down from 7.0 percent a year earlier.

The number of long-term unemployed (those jobless for 27 weeks and over) rose from 5.1 to 5.4 million in May. These individuals accounted for 42.8 percent of the unemployed.

Total nonfarm payroll employment changed little in May (+69,000), following a similar change in April (+77,000). In comparison, the average monthly gain was 226,000 in the first quarter of the year. In May, umployment rose in health care, transportation and warehousing, and wholesale trade, while construction lost jobs.

The change in total nonfarm payroll employment for March was revised from +154,000 to +143,000, and the change for April was revised from +115,000 to +77,000.


TradingEconomics.com, U.S. Bureau of Labor Statistics
6/1/2012 1:41:29 PM