May Jobs Report

This month, the economy added 390,000 jobs, with a 3-month moving average of 408,000. Job growth remains steady. The unemployment rate remained unchanged, and the labor force participation rate ticked up to 62.3%. The economy saw job gains in transportation and warehousing (+47,000), leisure and hospitality (+84,000), education and health services (+74,000) and government (+57,000), as well as losses in retail trade (-61,000).

In May 2022, the American economy added 390,000 jobs in the month of May, and the unemployment rate was 3.6%, unchanged from April and March.