Author Topic: U.S. Economy Added 139,000 Jobs in May Even As Government Employment Shrank  (Read 109 times)

0 Members and 1 Guest are viewing this topic.

Offline mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 403,199
U.S. Economy Added 139,000 Jobs in May Even As Government Employment Shrank

John Carney 6 Jun 2025

Employers in the United States added 139,000 workers to their payrolls in May, the Department of Labor said Friday, and the unemployment rate was unchanged at 4.2  percent.

Economists had been expecting 125,000 jobs and an unemployment rate unchanged at 4.2 percent.

President Donald Trump’s program of shrinking the federal government is showing signs of progress. Employment in the federal government fell by 22,000 in May and is down 59,000 since January.

The private sector added 140,000 jobs, more than the 120,000 forecast. The services sector expanded by 145,000 jobs while the good producing side of the economy contracted by 5,000.

Over the past 12 months, the economy has added 149,000 jobs each month on average.

The labor force participation rate slipped to 62.4 from 62.6 in the prior month.

Average hourly earnings climbed at a rapid rate, rising 0.4 percent in May. That is double the April rate of increase and more than the consensus forecast. Compared with a year ago, average hourly earnings are up 3.9 percent, handily beating inflation.

https://www.breitbart.com/economy/2025/06/06/may-jobs-report-4/
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34

Online Weird Tolkienish Figure

  • Technical
  • *****
  • Posts: 13,190
Yeah, not good numbers.

Offline LMAO

  • Hero Member
  • *****
  • Posts: 12,818
  • Gender: Male
Yeah, not good numbers.

No, they are not. They’re not terrible. But they are concerning. And the previous two months have been revised downward and the number of jobs created in the first five months of 2025 are lower than the same time last year. And we lost manufacturing jobs in May.

https://www.bls.gov/news.release/pdf/empsit.pdf

https://x.com/byHeatherLong/status/1930972163294544145

https://www.forbes.com/sites/dereksaul/2025/06/06/may-jobs-report-reveals-further-labor-market-stability-139000-jobs-added-last-month/

https://www.usatoday.com/story/money/2025/06/06/may-jobs-report-data/84058995007/



Healthcare fields are still robustly hiring though. I can attest to that. We have positions in nursing and CNA that we can’t fill.
« Last Edit: June 06, 2025, 11:48:08 am by LMAO »
I have little interest in streamlining government or in making it more efficient, for I mean to reduce its size. I do not undertake to promote welfare, for I propose to extend freedom. My aim is not to pass laws, but to repeal them.

Barry Goldwater

http://www.usdebtclock.org

My Avatar is my adult autistic son Tommy