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BLOG_Unemployment-Report

May's Job Report: Rate Drops to 13.3%.

Jun 05, 2020

May’s job report saw a gain of 2.5 million nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. This is a reflection of the limited resuming of activities due to COVID-19. Employment rises are in leisure and hospitality, construction, education and health services, and retail trade.

May’s unemployment rate dropped to 13.3%, slightly down from 1.4% in April. The civilian labor force participation was 60.8%, slightly up 0.6% from 60.2% in April.

The report found that in May, average hourly earnings for employees on private, nonfarm payrolls dropped by .29 cents to $29.75.

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May’s Job Report: Rate Remains at 3.6%
April’s Job Report: Rate Remains at 3.6%
March’s Job Report: Rate Declines to 3.6%
February's Job Report: Rate Drops to 3.8%
January's Job Report: Rate Rises to 4.0%
December's Job Report: Rate Decreases to 3.9%
November's Job Report: Rate Drops to 4.2%
October's Job Report: Rate Drops to 4.6%
The Demographic Drought
September's Job Report: Rate Drops to 4.8%
August's Job Report: Rate Drops to 5.2%
July's Job Report: Rate Drops to 5.4%
June's Job Report: Rate Rises to 5.9%
May's Job Report: Rate Declines to 5.8%
April's Job Report: Rate Rises to 6.1%
March's Job Report: Rate Drops to 6.0%
February's Job Report: Rate Drops to 6.2%
January's Job Report: Rate Drops to 6.3%
December's Job Report: Rate Remains at 6.7%
November's Job Report: Rate Drops to 6.7%

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