75,000 Jobs Added in May 2019
Leading Insurance Career Site, InsuranceJobs.com Shares General Employment Trends from the U.S. Bureau of Labor Statistics’ Economic Situation Report
The U.S. economy added 75,000 jobs in May, according to preliminary numbers released by the U.S. Bureau of Labor Statistics’ Economic Situation report on Friday, June 7, 2019. The unemployment rate remained at a 49-year low of 3.6 percent.
Job gains have averaged 164,000 a month so far in 2019 compared to 223,000 monthly jobs gained in 2018.
Employment increased in the following areas for the month of May:
Professional and Business Services
- May 2019: +33,000
- Past 12 Months: +498,000
- May 2019: +16,000
- Past 12 Months: +391,000
- May 2019: +4,000 Past
- 12 Months: +215,000
Other major industries showed little growth last month, including mining, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, financial activities, leisure and hospitality, and government.
Job gains were also revised down for both March and April, dropping from +189,000 to +153,000, and +263,000 to +224,000, respectively. With these revisions, employment gains in March and April combined were 75,000 less than previously reported. After revisions, job gains have averaged 151,000 per month over the last 3 months.