Highlights: BLS May Jobs Report
The Bureau of Labor & Statistics reports an unemployment rate of 3.8 percent in May, marking an 18-year low.
Nonfarm payroll employment rose by 223,000 in May, 2018. The industries to receive the most job gains were retail trade (+31,000), healthcare (+29,000), construction (+25,000), and professional & technical services (+23,000).
While the unemployment rate of adult women (3.3%) remained unchanged, the unemployment rate of adult men decreased by .2 percent to 3.5 percent. Unemployment among long-term unemployed (those who have been unemployed for 27+ months) accounted for 19.4% of the unemployed.
Average hourly earnings rose by $0.08 to $26.92. The average workweek remained unchanged at 34.5 hours.
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