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May’s Labor Numbers Highlight Job Growth Decline

WASHINGTON, DC--Besides the surprisingly low 138,000 positions added in May, March and April numbers were revised down.

Labor Department

WASHINGTON, DC–The US economy added 138,000 jobs in May, lower than the 180,000 positions that economists surveyed by Bloomberg had predicted. The unemployment rate ticked down to 4.3%.

Much of the job gains were in the professional and business services — office-using positions — as well as healthcare and mining industries.

Read A Great Jobs Report Always Comes With Warning Flags

Winning Sectors

There were 38,000 positions added in professional and business services, continuing an upward trend for the sector — but still less than the average of 46,000 jobs per month thus far this year.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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