Economy Gains 559,000 Jobs in May; Unemployment Down to 5.8%

Bureau of Labor Statistics

The U.S. economy gained 559,000 jobs in May, and the unemployment rate declined to 5.8%, according to figures released Friday morning by the U.S. Bureau of Labor Statistics.

In response to the May job numbers, AFL-CIO Chief Economist William Spriggs tweeted:

Last month’s biggest job gains were in leisure and hospitality (+292,000), education (+144,000), health care and social assistance (+46,000), professional and business services (+35,000), information (+29,000), manufacturing (+23,000), transportation and warehousing (+23,000) and wholesale trade (+20,000). Losses were seen in construction (-20,000) and retail trade (-6,000). In May, employment changed little in other major industries, including mining, financial activities and other services. 

In May, the unemployment rates declined for teenagers (9.6%), Hispanics (7.3%) and White Americans (5.1%). The jobless rates for Black Americans (9.1%), adult men (5.9%), Asians (5.5%) and adult women (5.4%) showed little change in May.

The number of long-term unemployed workers (those jobless for 27 weeks or more) declined in May and accounted for 40.9% of the total unemployed.