Skip to comments.Jobs Report: U.S. Economy Added 217K Jobs In May, Unemployment Remains Unchanged At 6.3%
Posted on 06/06/2014 6:41:47 AM PDT by xzins
Non-farm payrolls added 217,000 jobs in May, a hair lower than the 218,000 that economists were expecting. The unemployment rate, which is drawn from a different survey of households, remained unchanged at 6.3% and is 0.1% better than the 6.4% consensus.
The labor force participation rate also remained unchanged from the 62.8% rate reported for April, the lowest rate in decades. The BLS said Friday that the participation rate has shown no clear trend since this past October but is down by 0.6% over the year.
The number of long-term unemployed defined as those who have been jobless for 27 weeks or more was essentially unchanged at 3.4 million in May, accounting for 34.6% of the countrys unemployed population. Over the past 12 months, the number of long-term unemployed has declined by 979,000.
The BLS also reported that 7.3 million people were employed part time for economic reasons; in other words, 7.3 million people were working part time because their hours had been cut back or because they were unable to find a full-time job.
Aprils employment numbers were revised down to 282,000 jobs added from 288,000. March payroll figures were not revised, remaining at 203,000 non-farm jobs added. Total employment gains those months were therefore 6,000 lower than the BLS a division of the Department of Labor previously reported. Job growth averaged 197,000 in the prior 12 months.
(Excerpt) Read more at forbes.com ...
Not in Labor Force is where all of our jobs are going.
America needs to bring back jobs.
Republicans, democrats, someone stand up for America.
They ought to rename the BLS to the BSLS....................
Oh, horsepoop. The Real figure, without the machinations and tweaking (lieing) is closer to 33%.
Are to believe that states are using the pony express? These “people” in this regime are insane.
Mainstream media, happily shoveling manure for Obama.
Manufacturing added only a crisis level 10,000 jobs, and non-durable manufacturing LOST 7000 jobs.
So, good middle class jobs aren’t out there.
Part time America in minimum wage jobs
How amazingly convenient.
Yeah, we’re only 1% above what most economists would consider “full employment” (~5% UE)
Doncha feel it?
Feels just like the days of the late 90’s when IT folks could job hop to increase their salary because there was so much demand.
Meanwhile just last year America bought from China 440 billion dollars worth of goods and services.
China bought from America just 122 billion dollars worth.
Wake up people.
China is nearly five times America’s size.
We need to make stuff right here. Bring back American jobs.
All of us here, at least I suspect all of us here know that unemployment is hovering around 25% AND 20% of all households have no resident in that household that has a job, whether parent or child.
20% of households are jobless.
Can’t even get my arms around that. My grandparents could. It was called the “Great Depression”.
Yeah, I post that to EVERY thread about how the economy is doing well or poorly...the Clowns in the BO administration use it for their excuses, so I use it as an attack tool. :)
Summertime seasonal employment? In a month or two we’ll get a downgrade in these numbers. Let’s see the administration is dealing with the VA scandal, the Bergdahl mess, and shazam out of nowhere here comes a new jobs report touting an increase of 200,000+ for May. This is so predictable along with the media slobbering all over themselves saying the economy is turning the corner.corners
democrats don’t give a hoot about jobs or humans, for that matter.
their God, is Mother Earth, and the sooner we pesky people are gone, the better.
very sick people
You cant expect States to collect data in the rain can ya?.....lol..I mean jeez!...Can somebody please invent a computer umbrella!