There is no denying that the Bureau of Labor Statistics’ Employment Situation Summary for May was at least on the surface a positive report.
However, the surface is where the good news ends.
April was a relatively good month for jobs, but the detail underneath show May to be quite a bit less than that, with job growth that is more illusory than real.
Contents
Links And Sources
May Employment Situation Summary (BLS): https://archive.ph/bWI8x
Employment Level, All Employees, Total Nonfarm Private Payrolls: https://fred.stlouisfed.org/graph/?g=1IKnp
All Employees, Total Non-Farm Month on Month: https://fred.stlouisfed.org/graph/?g=1CRfE
All Employees, Total Private Month on Month: https://fred.stlouisfed.org/graph/?g=1EgDU
Employment Level Month on Month: https://fred.stlouisfed.org/graph/?g=1JuSN
Total Non-Farm Private Payrolls: https://fred.stlouisfed.org/graph/?g=1HJKi
All Employees, Manufacturing Month on Month: https://fred.stlouisfed.org/graph/?g=1HLiX
ADP Private Payrolls for Manufacturing Month on Month: https://fred.stlouisfed.org/graph/?g=1HLje
All Employees Trade, Transportation, and Utilities Month on Month: https://fred.stlouisfed.org/graph/?g=1HJTb
ADP Trade, Transportation, and Utilities Month on Month: https://fred.stlouisfed.org/graph/?g=1HKaI
All Employees Education and Private Healthcare Month on Month: https://fred.stlouisfed.org/graph/?g=1IJYM
ADP Education and Private Healthcare Month on Month: https://fred.stlouisfed.org/graph/?g=1JuSS
Average Hourly Earnings and Consumer Price Index: https://fred.stlouisfed.org/graph/?g=1IIW1
Average Weekly Hours: https://fred.stlouisfed.org/graph/?g=1IIXY
Unemployment Level: https://fred.stlouisfed.org/graph/?g=1JuV4
“Real” Unemployment Rate: https://fred.stlouisfed.org/graph/?g=1JuV3
Not In Labor Force Month on Month: https://fred.stlouisfed.org/graph/?g=1JuUW
Employment Population Ratio: https://fred.stlouisfed.org/graph/?g=1JuUZ
