U.S. economy extends its hiring spree, with a better than expected 223,000 new jobs in May

[mahatmakanejeeves]

14. Thanks. I just got to work about ten minutes ago.

I thought the numbers weren't coming out until next Friday.

I guess I should add a link to BLS.

Payroll employment increases by 223,000 in May; unemployment rate edges down to 3.8%

Economic News Release USDL-18-0916

Employment Situation Summary
Transmission of material in this news release is embargoed until 8:30 a.m. (EDT) Friday, June 1, 2018

Technical information:
Household data: [phone] * [e-mail] * www.bls.gov/cps
Establishment data: [phone] * [e-mail] * www.bls.gov/ces

Media contact: [phone] * [e-mail]


THE EMPLOYMENT SITUATION -- MAY 2018


Total nonfarm payroll employment increased by 223,000 in May, and the unemployment rate edged down to 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, including retail trade, health care, and construction.

Household Survey Data

The unemployment rate edged down to 3.8 percent in May, and the number of unemployed persons declined to 6.1 million. Over the year, the unemployment rate was down by 0.5 percentage point, and the number of unemployed persons declined by 772,000. (See table A-1.)
....

Establishment Survey Data

Total nonfarm payroll employment increased by 223,000 in May, compared with an average monthly gain of 191,000 over the prior 12 months. Over the month, employment continued to trend up in several industries, including retail trade, health care, and construction. (See table B-1.)
....

Manufacturing employment continued to expand over the month (+18,000). Durable goods accounted for most of the change, including an increase of 6,000 jobs in machinery. Manufacturing employment has risen by 259,000 over the year, with about three-fourths of the growth in durable goods industries.

Mining added 6,000 jobs in May. Since a recent low point in October 2016, employment in mining has grown by 91,000, with support activities for mining accounting for nearly all of the increase.
....

In May, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents to $26.92. Over the year, average hourly earnings have increased by 71 cents, or 2.7 percent. Average hourly earnings of private-sector production and nonsupervisory employees increased by 7 cents to $22.59 in May. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for March was revised up from +135,000 to +155,000, and the change for April was revised down from +164,000 to +159,000. With these revisions, employment gains in March and April combined were 15,000 more 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.) After revisions, job gains have averaged 179,000 over the last 3 months.

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The Employment Situation for June is scheduled to be released on Friday, July 6, 2018, at 8:30 a.m. (EDT).

Did ADP release its figures on Wednesday? Well, I missed that too. I'm off to a really great start this week.

May 2018: ADP Employment Reports

ADP National Employment Report: Private Sector Employment Increased by 178,000 Jobs in May