May BLS Report: 217,000 Jobs Added, Jobless Rate Unchanged

201302-wpe-post-headerSource: May 2014 BLS report

The U.S. Bureau of Labor Statistics released its May 2014 unemployment report, which showed an overall gain of 217,000 jobs and the unemployment rate holding at 6.3% after last month’s drop of 0.4%. This data confirms a rebound of economic conditions from the winter slowdown.

With these gains, employment has now exceeded its pre-recession levels. Between January 2008 and February 2010, 8.7 million jobs were lost. But in just over four years, employment has slowly risen by 8.8 million.

Revisions to prior months showed that March remained at 203,000 jobs added and April subtracted 6,000 jobs from last month’s report bringing it down to a still impressive 282,000 jobs added. Gains for total nonfarm payroll employment has averaged 197,000 new jobs per month over the last 12 months.

A number of sectors showed impressive growth in May, including healthcare and social assistance (+55,000), transportation and warehousing (+16,400), manufacturing (+10,000) and leisure and hospitality (+39,000). The professional and business services sector had one of the largest gains of the month (+55,000), with numerous sub-sectors showing positive gains, including management of companies and enterprises (+12,000), IT consulting and design (+9,000) and temporary services (+14,300).

Taking the revisions from the past three months, the data now shows that 234,000 jobs have been added over the last three months. This exceeds the 12 month average prior to May (197,000) by 37,000 jobs, a clear indicator that U.S. economic activity is continuing to improve.

While the release data shows many positive indicators, not all of it is good news. The labor participation rate — those who are employed and unemployed, but actively looking for work — remained unchanged for the month of May, at 62.8%.  This number is considered high and has not budged since last October.

At Adecco, many of our clients are optimistic about hiring and have staff augmentation plans in place. To get more information about how our staffing solutions can help in this job market and to sign up for our emails, click here!

Comments

  1. A very warm welcome from pdf ebooks site. Download or read pdf ebooks for free on your iPhone, iPad, iPod, Samsung, HTC, BlackBerry, Nokia or any other smartphone that supports pdf format. free pdf ebooks download site contains billions of high quality pdf ebooks, documents and manuals.

  2. Such safest wow gold http://www.wowgoldgroup.com/ are good!!! I adore these. They’re just therefore very is generally worn whenever these are definitely this Thirdly combine which are your favorite yet still,and perhaps they are just about the most classy and a lot very good. i prefer the criminals to the loss. They’re simply brief option of this common,they are are usually more elegant, and grab realized additional. Irrrm a sucker for them all, only one problem is providing them with concerning now understanding that the actual dog’s hair the spot that the mend is without a doubt, comes off! However the most choices Excellent!!!!!

  3. An outstanding share! I’ve just forwarded
    this onto a coworker who has been conducting a little homework on this.
    And he in fact bought me lunch simply because I discovered it for him…
    lol. So allow me to reword this…. Thanks for the meal!!
    But yeah, thanks for spending time to discuss this issue here
    on your internet site.

    My web site :: garcinia cambogia free trial south africa (Freeman)

  4. If you want instant access to income then you should really take into account a payday provider
    who guarantees funds within the hour.

  5. you’re first launching a website or web application, you’ll have to decide between shared hosting, virtual private server, and a dedicated server.

    Eventually, they also posted a message to that effect in this manner ‘power is
    restored, technical issues resolved’. The fact that I learned how to make a website even without technical schooling
    in IT related courses shows that you can do it too.
    After you set up your web-hosting, upload the free WordPress
    software through a simple program on your cpanel called
    Fantastico. It has different services suited for different needs of the customer.

    They also have a significant amount of coupons listed each
    and every month with superb delivers. Host – Gator dedicated servers are equipped
    with the best technology and with the best innovative applications together with the lowest cost VPS plans.
    Therefore, instead of curling up in a ball and go into hiding as a result of the technical hitch, your
    hosting company can take advantage of Twitter to keep
    clients updated on the situation at hand and also to interact with them.
    Above, we mentioned that Go – Daddy is actually a domain reseller itself.
    Support is slow with waiting times exceeding 15 minutes sometimes.

    Visit my blog … Hostgator Vouchers

  6. I loved as much as you’ll receive carried out right here.
    The sketch is attractive, your authored material stylish.
    nonetheless, you command get got an impatience over that you wish
    be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly very often inside case you shield this
    hike.

  7. I like the helpful info you provide in your articles. I
    will bookmark your weblog and check again here frequently.
    I am quite certain I’ll learn lots of new stuff right here!
    Best of luck for the next!

  8. I was curious if you ever thought of changing the layout of your website?
    Its very well written; I love what youve got
    to say. But maybe you could a little more in the way of content
    so people could connect with it better. Youve got an awful
    lot of text for only having 1 or two images.
    Maybe you could space it out better?

  9. We stumbled over here coming from a diffgerent page and thought I might as well check
    things out. I like what I see so i am just
    following you. Look forward to looking into your web page – Adrianna, yet again.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>