May, ‘Brutal’ Month For U.S. Labor Market – Where The Nation Lost Jobs

WASHINGTON (AP) — May was a brutal month for the U.S. labor market, with job losses hitting multiple industries.
         Manufacturers cut 10,000 positions, construction companies 15,000. And temporary-help firms shed 21,000 jobs.
         The Verizon workers' strike weighed on the telecommunications sector, which lost more than 37,000 jobs.
         A rare bright spot was education and health, where job growth accelerated to 67,000 in May. Among all occupational sectors, employers in education and health have added the most jobs over the past 12 months.
         Overall, employers added just 38,000 jobs in May, the fewest in more than five years. The unemployment rate fell to 4.7 percent from 5 percent, mainly because nearly a half-million jobless Americans stopped looking for work and so were no longer counted as unemployed.
 
Industry                May 2016             April 2016            Past 12 months
 
Construction         -15,000                 -5,000                  219,000
Manufacturing       -10,000                 2,000                   -39,000
Retail                    11,400                  -5,100                  323,300
Transportation,
Warehousing         -500                     10,100                  52,500
Information           -34,000                 3,000                   4,000
Financial services  8,000                   18,000                  157,000
Professional           10,000                  55,000                  525,000
Education, Health  67,000                  46,000                  678,000
Hospitality             11,000                  11,000                  394,000
Government          13,000                  -7,000                  101,000
 
Source: Labor Department

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