In
Tag:
0

Employment Increases Compared to Last Year

Intelligent Economics > Blog > Employment Increases Compared to Last Year

Employment for the month of May totaled 1,134,000, a 5.91% increase compared to May 2021, and a -0.4% drop compared to April 2022.

Source: Department of Labor

Occupations with the largest increase in employment include Professional, Executive and Managerial Occupations, 31.1%, Technicians, Sales and Personnel Support, 26.4%, and Service Occupations, 16.5%. 

Employment in agriculture totaled 15,000, almost doubled compared to May 2021 (8,000). While those who work on their own totaled 220,000, an increase of 9.3% year-over-year. 

Unemployment rate was 6.2%, the lowest in the past 15 years. While the Participation Rate was 43.6%, a decrease compared to April 2022 (44.1%), but an increase from May 2021 (42.7%).

Source: Department of Labor

Related Posts

Leave a Reply