As we dial into the May BLS jobs report, we’re looking at key takeaways and what they mean for businesses and job seekers.
272,000 Jobs Added
In May, the BLS jobs report revealed a modest increase in job gains with main gains concentrated in health care, government, and leisure and hospitality.
4.0% Unemployment Rate
The unemployment rate edged up slightly from 3.9% to 4.0%, the first time it has breached that level since January 2022.
62.5% Labor Force Participation Rate
The labor force participation rate decreased slightly from 62.7% to 62.5%.
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