National jobs report

May brings a slow and solid jobs report

The US added 139,000 jobs last month, continuing signs of a strong but cooling labor market. May’s numbers were above the 125,000 jobs many economists predicted, as well as this year’s monthly average of 124,000.

Meanwhile the unemployment rate stayed at 4.2%.

Additional findings

• The number of jobs added in April was revised from 177,000 down to 147,000
• Average hourly wages rose 0.4%
• Labor force participation rate fell to 62.4%
• Healthcare led hiring, adding 62,000 jobs and making up nearly half of May’s job growth
• Leisure and hospitality (62,000) and social assistance (16,000) also held strong last month

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