Jun 6 • Industry News
U.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2%
Key Points
- Nonfarm payrolls rose 139,000 for the month, above the Dow Jones estimate for 125,000 and a bit below the downwardly revised 147,000 in April. The unemployment rate held at 4.2%.
- Worker pay grew more than expected, with average hourly earnings up 0.4% during the month and 3.9% from a year ago.
- Nearly half the job growth came from health care, which added 62,000. Leisure and hospitality contributed 48,000, while social assistance added 16,000.
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U.S. payrolls increased 139,000 in May, more than expected; unemployment at 4.2%
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