May’s job report saw a gain of 223,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. There was an increase in retail trade, health care and construction.
Over the past three months, job gains have averaged 179,000 per month.
May’s unemployment rate decreased slightly 3.8%. The civilian labor force participation decreased slightly to 62.7%, down from 62.8% in April.
The report found that in May, average hourly earnings for employees on private, nonfarm payrolls rose by 8 cents to $26.92. Over the year, average hourly earnings have risen by 2.7%.