Washington — June 1
The U.S. economy added just 69,000 jobs in May and the unemployment rate was essentially unchanged at 8.2 percent, the U.S. Bureau of Labor Statistics reported Friday.
Employment increased in health care, transportation and warehousing and wholesale trade, but declined in construction. Employment was little changed in most other major industries.
Both the number of unemployed persons — 12.7 million — and the unemployment rate — 8.2 percent — changed little in May.
Among the major worker groups, the unemployment rates for adult men (7.8 percent) and Hispanics (11.0 percent) edged up in May, while the rates for adult women (7.4 percent), teenagers (24.6 percent), whites (7.4 percent) and blacks (13.6 percent) showed little or no change. The jobless rate for Asians was 5.2 percent in May (not seasonally adjusted), down from 7 percent a year earlier.
The number of long-term unemployed — those jobless for 27 weeks and over — rose from 5.1 to 5.4 million in May. These individuals accounted for 42.8 percent of the unemployed.
The civilian labor force participation rate increased in May by 0.2 percentage point to 63.8 percent, offsetting a decline of the same amount in April. The employment-population ratio edged up to 58.6 percent in May.
The number of persons employed part time for economic reasons — sometimes referred to as involuntary part-time workers — edged up to 8.1 million over the month. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.
Source: U.S. Bureau of Labor Statistics