June 2014 Employment Blog
This information is taken from the Bureau of Labor Statistics Monthly Employment Report.
Nonfarm payroll employment rose by 217,000 in May, and the unemployment rate was unchanged at 6.3 percent. Incorporating the revisions for March and April , which decreased total nonfarm employment by 6,000 on net, monthly job gains have averaged 234 ,000 over the past 3 months. In the 12 months prior to May, employment growth averaged 197,000 per month. With the gains in May, payroll employment now exceeds its pre-recession level. Nonfarm payroll employment fell by 8.7 million from January 2008 through February 2010. Since then, employment has risen by 8.8 million.
These trends can be seen in the first set of charts listed as Chart 1 and 2 below.
In May, employment in professional and business services rose by 55,000, the same as its prior 12-month average gain. Within this industry, employment increased over the month in computer systems design and in management and technical consulting. Employment in temporary help services continued to trend up (+14,000) and has grown by 224,000 over the past year.
Health care and social assistance added 55,000 jobs over the month. The health care industry added 34,000 jobs in May, twice its average monthly gain for the prior 12 months.
Employment in food services and drinking places rose by 32,000 in May. Over the past year, food services has added 311,000 jobs.
Transportation and warehousing employment increased by 16,000 in May. Over the prior 12 months, this industry had added an average of 9,000 jobs per month.
Manufacturing employment changed little over the month but has added 105,000 jobs over the past year. Within the industry, durable goods added 17,000 jobs in May and has accounted for the net job gain in manufacturing over the past 12 months.
The bureau also provides unemployment rates by state. Table B provides the change in unemployment rates by state for those states that had statistically significant change from March to April 2014.
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