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mahatmakanejeeves

(71,145 posts)
Fri Jun 5, 2026, 08:31 AM 8 hrs ago

U.S. payrolls rose by 172,000 in May, much more than expected; unemployment at 4.3%

Source: CNBC

Nonfarm Payrolls
U.S. payrolls rose by 172,000 in May, much more than expected; unemployment at 4.3%

Published Fri, Jun 5 2026 8:31 AM EDT Updated 2 Min Ago

Jeff Cox
@jeff.cox.7528
@JeffCoxCNBCcom


SUNRISE, FLORIDA - APRIL 30: Job seekers stand at the recruiting booth for the Florida Panthers during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on April 30, 2026 in Sunrise, Florida. Hiring managers and recruiters for over 100 companies attended the job fair to recruit workers for positions in healthcare, public safety, trades, sales, logistics, government & more. (Photo by Joe Raedle/Getty Images)

Job growth unexpectedly surged in May as the U.S. labor market continued a solid year of expansion, the Bureau of Labor Statistics reported Friday.

Nonfarm payrolls jumped a seasonally adjusted 172,000 for the period, down slightly from the upwardly revised 179,000 in April and far above the Dow Jones consensus estimate for 80,000. The unemployment rate held steady at 4.3%, as expected.

The report came against a background of muted expectations as employers have held their ground in a low-hire, low-fire environment. While job gains have been largely concentrated in just a few sectors, layoffs also have been moderate, though some signs are building that artificial intelligence is having an impact on labor rolls.

In recent days, Federal Reserve officials have become more sanguine on the labor picture, turning their attention more to a nettlesome inflation problem that has largely taken the prospect for additional interest rate cuts off the table. The central bank has been in a holding pattern this year after lowering benchmark rates by three-quarters of a percentage point during the latter part of 2025.

{smile}

Read more: https://www.cnbc.com/2026/06/05/jobs-report-may-2026.html



Jeff Cox at CNBC has been the preferred source for the BLS payroll employment report at DU for several months. I see no reason to change that.

I don't know if the BLS has a Bluesky account. I'll link to that if they do.

******

U.S. Bureau of Labor Statistics

‪@usbls.bsky.social‬

Follow
Payroll employment increases by 172,000 in May; unemployment rate unchanged at 4.3% #BLSData www.bls.gov/news.release...
8:30 AM · Jun 5, 2026
******

Payroll employment increases by 172,000 in May; unemployment rate unchanged at 4.3% #BLSData www.bls.gov/news.release...

U.S. Bureau of Labor Statistics (@usbls.bsky.social) 2026-06-05T12:30:49.570Z


https://www.bls.gov/news.release/archives/empsit_06052026.htm
12 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
U.S. payrolls rose by 172,000 in May, much more than expected; unemployment at 4.3% (Original Post) mahatmakanejeeves 8 hrs ago OP
"and health care" Remember folks: That doesn't necessarily mean cutting edge biomedical research ck4829 8 hrs ago #1
From the source, the U.S. Bureau of Labor Statistics: mahatmakanejeeves 8 hrs ago #2
Meh, I'm waiting for the revision. gab13by13 8 hrs ago #3
Even with AI whacking jobs? RussBLib 7 hrs ago #4
Nothing but lies, lies, lies. Scalded Nun 7 hrs ago #5
Bullshit. hadEnuf 7 hrs ago #6
let's wait for the revision samsingh 7 hrs ago #7
Didn't see any revisions in this data RussBLib 5 hrs ago #9
See the "From the source" reply. mahatmakanejeeves 5 hrs ago #10
Thanks. Big revisions. RussBLib 3 hrs ago #12
After a 2025 with no jobs growth Johnny2X2X 7 hrs ago #8
The Fed has to look at raising interest rates to tamp down inflation. SamuelAdams 4 hrs ago #11

ck4829

(38,125 posts)
1. "and health care" Remember folks: That doesn't necessarily mean cutting edge biomedical research
Fri Jun 5, 2026, 08:37 AM
8 hrs ago

It means nursing homes too as shown in the text of the report... our country is becoming a nursing home with nukes.

I'll hold off on popping the cork on the "we have a strong economy" champagne for now.

mahatmakanejeeves

(71,145 posts)
2. From the source, the U.S. Bureau of Labor Statistics:
Fri Jun 5, 2026, 08:51 AM
8 hrs ago
Payroll employment increases by 172,000 in May; unemployment rate unchanged at 4.3%

Total nonfarm payroll employment increased by 172,000 in May, and the unemployment rate was unchanged at 4.3 percent. Job gains occurred in leisure and hospitality, local government, and health care. Employment in financial activities declined.

Economic News Rekease USDL-26-0786
Employment Situation Summary
Transmission of material in this news release is embargoed until 8:30 a.m. (ET) Friday, June 5, 2026

Technical information:
Household data: (202) 691-6378 * cpsinfo@bls.gov * www.bls.gov/cps
Establishment data: (202) 691-6555 * cesinfo@bls.gov * www.bls.gov/ces

Media contact: (202) 691-5902 * PressOffice@bls.gov


THE EMPLOYMENT SITUATION - MAY 2026


Total nonfarm payroll employment increased by 172,000 in May, and the unemployment rate was unchanged at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in leisure and hospitality, local government, and health care. Employment in financial activities declined.

This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note.

Household Survey Data

The major labor market indicators from the survey of households continued to show little or no change in May. The unemployment rate held at 4.3 percent and has remained in a narrow range of 4.3 percent to 4.5 percent since July 2025. The number of unemployed people, at 7.3 million, changed little over the month. (See table A-1.)

Among the major worker groups, the unemployment rates showed little or no change in May for adult men (4.0 percent), adult women (3.8 percent), teenagers (14.7 percent), and people who are White (3.8 percent), Black (6.6 percent), Asian (3.8 percent), or Hispanic (5.0 percent). (See tables A-1, A-2, and A-3.)

The number of people jobless less than 5 weeks declined by 286,000 to 2.2 million in May, largely offsetting an increase in the prior month. The number of long-term unemployed (those jobless for 27 weeks or more) was little changed over the month at 2.0 million but is up by 524,000 over the year. The long-term unemployed accounted for 27.5 percent of all unemployed people in May. (See table A-12.)

The labor force participation rate held at 61.8 percent in May, and the employment-population ratio changed little at 59.2 percent. These measures showed little change over the year, after accounting for annual population control adjustments. (See table A-1.)

The number of people employed part time for economic reasons, at 4.8 million, changed little in May. These individuals would have preferred full-time employment but were working part time because their hours had been reduced or they were unable to find full-time jobs. (See table A-8.)

In May, the number of people not in the labor force who currently want a job changed little at 6.2 million. These individuals were not counted as unemployed because they were not actively looking for work during the 4 weeks preceding the survey or were unavailable to take a job. (See table A-1.)

Among those not in the labor force who wanted a job, the number of people marginally attached to the labor force changed little at 1.7 million in May. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months but had not looked for work in the 4 weeks preceding the survey. The number of discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, was 486,000 in May, essentially unchanged from the previous month. (See Summary table A.)

Establishment Survey Data

Total nonfarm payroll employment increased by 172,000 in May, similar to the gain of 179,000 in April. In May, job gains occurred in leisure and hospitality, local government, and health care. Employment in financial activities declined. (See table B-1.)

Leisure and hospitality added 70,000 jobs in May, well above the average monthly gain of 14,000 over the prior 12 months. Over the month, food services and drinking places added 48,000 jobs.

In May, employment in local government rose by 55,000, largely reflecting a gain in local government, excluding education (+44,000).

Health care added 35,000 jobs in May, in line with the average monthly gain of 38,000 over the prior 12 months. Over the month, ambulatory health care services added 26,000 jobs, including a gain of 11,000 in home health care services. Employment continued to trend up in hospitals (+6,000).

Social assistance employment continued to trend up in May (+12,000), mostly in individual and family services (+10,000). Over the prior 12 months, social assistance had added an average of 17,000 jobs per month.

Employment in mining, quarrying, and oil and gas extraction increased by 5,000 in May and is up by 10,000 since February.

Financial activities employment declined by 22,000 in May and is down by 107,000 since a recent peak in May 2025. Over the month, job losses occurred in insurance carriers and related activities (-11,000) and commercial banking (-3,000).

Employment in transportation and warehousing was essentially unchanged in May (+1,000) but is down by 92,000 since reaching a peak in February 2025. Over the month, transit and ground passenger transportation (+9,000) and warehousing and storage (+6,000) added jobs. Air transportation lost 9,000 jobs, largely reflecting a business closure.

Employment showed little change over the month in other major industries, including construction, manufacturing, wholesale trade, retail trade, information, professional and business services, and other services.

In May, average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents, or 0.3 percent, to $37.53. Over the year, average hourly earnings have increased by 3.4 percent. In May, average hourly earnings of private-sector production and nonsupervisory employees rose by 8 cents, or 0.2 percent, to $32.31. (See tables B-3 and B-8.)

The average workweek for all employees on private nonfarm payrolls was unchanged at 34.3 hours in May. In manufacturing, the average workweek was unchanged at 40.4 hours, and overtime edged up to 3.1 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls remained at 33.8 hours. (See tables B-2 and B-7.)

The change in total nonfarm payroll employment for March was revised up by 29,000, from +185,000 to +214,000, and the change for April was revised up by 64,000, from +115,000 to +179,000. With these revisions, employment in March and April combined is 93,000 higher than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)

_____________
The Employment Situation for June is scheduled to be released on Thursday, July 2, 2026, at 8:30 a.m. (ET).

* * * * *

Facilities for Sensory Impaired

Information from these releases will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200, Federal Relay Services: 1-800-877-8339.

RussBLib

(10,798 posts)
4. Even with AI whacking jobs?
Fri Jun 5, 2026, 09:18 AM
7 hrs ago

All we hear these days is how AI is creeping up and replacing workers. 8,000 here, 10,000 there. I cannot help but be skeptical about numbers released by the most mendacious administration in history.

https://russblib.blogspot.com/?m=1

RussBLib

(10,798 posts)
9. Didn't see any revisions in this data
Fri Jun 5, 2026, 11:39 AM
5 hrs ago

Maybe I overlooked it, but revisions come out at the same time as the new figures come out, or so I thought.

Still, Major Skeptic reporting for duty.

https://russblib.blogspot.com/?m=1

mahatmakanejeeves

(71,145 posts)
10. See the "From the source" reply.
Fri Jun 5, 2026, 11:59 AM
5 hrs ago
https://www.democraticunderground.com/10143674687#post2

Go all the way down to the last paragraph, which is where the revisions are always placed. That is, there's no conspiracy to bury them; this us where they show up every month.

The change in total nonfarm payroll employment for March was revised up by 29,000, from +185,000 to +214,000, and the change for April was revised up by 64,000, from +115,000 to +179,000. With these revisions, employment in March and April combined is 93,000 higher than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)

And good ... afternoon, just barely.

RussBLib

(10,798 posts)
12. Thanks. Big revisions.
Fri Jun 5, 2026, 01:24 PM
3 hrs ago

What? Is there some kind of hiring frenzy underway? I doubt it. All I seem to hear about is cuts, cuts, and more cuts.

Johnny2X2X

(24,485 posts)
8. After a 2025 with no jobs growth
Fri Jun 5, 2026, 09:50 AM
7 hrs ago

We're in a hole, but these reports are at least average and that's better than what we'd been doing.

Of course, interest rate hikes are probably coming now.

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