Economic news to cheer about
The Bureau of Labor Statistics has released its May jobs report: Nonfarm payroll employment rose by 248,000 in May, and the unemployment rate was unchanged at 5.6 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The May increase in payroll employment follows gains of 346,000 in April and 353,000 ...
The Bureau of Labor Statistics has released its May jobs report:
The Bureau of Labor Statistics has released its May jobs report:
Nonfarm payroll employment rose by 248,000 in May, and the unemployment rate was unchanged at 5.6 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The May increase in payroll employment follows gains of 346,000 in April and 353,000 in March (as revised). Job growth in May again was widespread, as increases continued in construction, manufacturing, and several service-providing industries.
More than a million new jobs have been added to payrolls since the start of the calendar year. Here’s a link to the BLS breakdown by job category. Funny thing — in the service sectors thought to be most vulnerable to offshore outsourcing (financial activities, professional and business services) the number of payroll jobs are currently at their highest levels for the past 52 weeks.
Daniel W. Drezner is a professor of international politics at the Fletcher School of Law and Diplomacy at Tufts University and co-host of the Space the Nation podcast. Twitter: @dandrezner
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