by Calculated Risk on 6/07/2024 08:30:00 AM

From the BLS:

Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, led by health care; government; leisure and hospitality; and professional, scientific, and technical services.

The change in total nonfarm payroll employment for March was revised down by 5,000, from +315,000 to +310,000, and the change for April was revised down by 10,000, from +175,000 to +165,000. With these revisions, employment in March and April combined is 15,000 lower than previously reported.
emphasis added Click on graph for larger image.

The first graph shows the jobs added per month since January 2021.

Total payrolls increased by 272 thousand in May.  Private payrolls increased by 229 thousand, and public payrolls increased 433 thousand.

Payrolls for March and April

Keep reading this article on Bill McBride - Calculedriskblog.

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