Total nonfarm payroll employment increased by 339,000 in May, and the unemployment rate rose by 0.3 percentage point to 3.7 percent, according to the U.S. Bureau of Labor Statistics. Job gains occurred in professional and business services, government, health care, construction, transportation and warehousing, and social assistance.
Industry specific job growth
- In May, professional and business services added 64,000 jobs, following an increase of similar size in April. Employment growth continued in professional, scientific, and technical services, which added 43,000 jobs in May.
- Government employment increased by 56,000 in May, compared with the average monthly gain of 42,000 over the prior 12 months. Employment in government is below its pre-pandemic February 2020 level by 209,000, or 0.9 percent.
- Health care added 52,000 jobs in May, similar to the average monthly gain of 50,000 over the prior 12 months. In May, job growth occurred in ambulatory health care services (+24,000), hospitals (+20,000), and nursing and residential care facilities (+9,000).
- Employment in leisure and hospitality continued to trend up in May (+48,000), largely in food services and drinking places (+33,000). Leisure and hospitality had added an average of 77,000 jobs per month
over the prior 12 months.
- In May, construction added 25,000 jobs, including 11,000 jobs in heavy and civil engineering construction. Over the prior 12 months, construction had added an average of 17,000 jobs per month.
- Employment in transportation and warehousing increased by 24,000 in May. Transit and ground passenger transportation added 12,000 jobs, offsetting a decrease in the prior month. In May, employment also increased in couriers and messengers (+8,000) and air transportation (+3,000).
- In May, employment in social assistance rose by 22,000, in line with the average monthly gain of 23,000 over the prior 12 months. Over the month, individual and family services added 17,000 jobs.
- Employment was little changed over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; retail trade; information; financial activities; and other
Catch Up With Previous Jobs Reports
- Reassessing the strength of the economy in April
- March’s strong growth
- February’s blockbuster growth
- January’s strong growth despite Omicron
- Promising news for hospitality in December
- November’s mixed picture
- October’s robust gains
- A slower-than-expected report in September
- The summer‘s roaring recovery trajectory
- Better than expected growth in June, especially in travel
- Strong signs of recovery in May
- An anemic April jobs report
Stay on Top of Economic Trends Transforming Executive Recruiting
Each week, we here at ACCUR Recruiting Services aim to give you an up-to-the-minute look at the key trends that will affect hiring in your business. We leverage our extensive experience working with Fortune 500 companies, legacy brands and private-equity backed companies to offer the most candid advice possible on attracting and retaining top executive talent.
Be sure to bookmark our regular series:
- Monthly Jobs Report with a quick summary of how the economic picture is affecting your industry
- Ask a Recruiter series which gives candid hiring advice based on questions from our clients.
And check out our most popular recent posts:
- Tips on Handling the Impact of Inflation on Salary Expectations
- The Unique Recruiting Challenges of Digitally Native Vertical Brands
- Tips on Adjusting to a Hybrid Work Environment
- 2023 Executive Recruiting Trends to Watch in Beauty, Wine, Watches, Jewelry and More
- Ask a Recruiter: What Luxury Brands are Looking for in Candidates
- The Skills Executives Need to Succeed in Today’s Most Innovative Beauty Companies
- How to Build an Compelling Executive Equity Package