Non-Farm Payrolls Up by 217,000, Uneployment Rate Unchanged at 6.3%

The U.S. Bureau of Labor Statistics reported today the unemployment data for the last month. According to the report, the nonfarm payroll employment advanced by 217,000 in May, while the unemployment rate remained unchanged at 6.3%. At the same time, in professional and business services, as well as in health care and social assistance, food services and drinking places, transportation and warehousing saw an increase in the employment last month.

The unemployment rate stayed at the same 6.3% level, after earlier in April it declined by 0.4 percentage points, and the number of unemployed remained unchanged at 9.8 million in May, the report added. Over the year, however, the unemployment rate and the number of unemployed people decreased by 1.2 percentage points and 1.9 million respectively.

Among the long-term unemployed, which includes people without a  job for at least 27 weeks, remained unchanged at 3.4 million, accounting for 34.6% of the overall unemployed people. Over the year, however, this number has declined by 979,000, the report also said.

The average workweek for all employees on private non-farm payrolls remained unchanged at 34.5  hours in May. In the manufacturing section, the workweek added 0.2 hours in May and went up to 41.1 hours, while the factory overtime remained unchanged at 3.5 hours. For production and nonsupervisory employees on private non-farm payrolls, the workweek stayed at 33.7 hours.

In addition,  average hourly earnings for all employees on private non-farm payrolls gained $0.05 to $24.38 per hour. Over the past year, average hourly earnings advanced by 2.1%.

CNBC’s Steve Liesman also reported on the report issued by the Bureau of Labor Statistics. He stated that the main good news from this report is that the U.S. economy has posted a 200,000 job growth in the last four months in a row. This is actually, the first time it has been posted in the last 14 years. Following these increases, all the jobs lost since the peak in unemployment rates at the beginning of the recession.

Watch the full report below:

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

The 13 Worst Looking Foods that Taste Great

The 6 Most Gruesome Injuries Suffered During a Sports Match

The 20 Biggest Contracts in MLB History

The 7 Worst Blown Calls in Sports History

7 Free Ways to Advertise Your Business Online

The 18 Best R&B Songs of the 90’s

The 10 Most Dangerous States to be a Cop

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!