The seesaw continues ….
April ‘s numbers where down….
May’s have bounced up….
The U.S. economy added 559,000 jobs in May, the latest sign of a strengthening recovery as vaccinations rise and covid restrictions ease nationwide.
The unemployment rate dropped slightly from 6.1 percent to 5.8 percent, according to the monthly report, from the Bureau of Labor Statistics.
The gains were driven strongly by jobs added at restaurants, bars and other food-service establishments, which added 186,000 workers in the month.
Amusements, gambling and recreation, as well as hotels and accommodations, also saw strong gains in May, adding 58,000 and 35,000 jobs respectively. Those sectors have been the subject of intense focus of whether a shortage of workers or other pandemic-related issues have been holding back growth.
In schools, employment rose by 144,000 as in-person learning resumed across the country, including 103,000 in state and local schools and 41,000 in private ones. Health care added 46,000 jobs. The manufacturing and transportation and warehousing sectors both rose by 23,000 positions.
Construction sustained the biggest loss as a sector, shedding 20,000 jobs for the month, the BLS said….