May Jobs Report Recap

On today’s episode we discuss the May Employment Report (“The Jobs Report”) release by the Bureau of Labor Statistics (BLS). Payrolls increased by 559,000 and the unemployment rate fell from 6.1% to 5.8%. We discuss where the jobs are coming from and the struggles that remain to getting back to pre-COVID payroll levels.

For more information on the topics discussed:

Links:

Hiring Picked Up in May but Lagged Behind Broader Recovery - WSJ

Employment Situation Summary (bls.gov)

Charts: