National Jobs Report
This month’s unemployment rate fell to 5.8 percent, which marked the lowest level since March 2020. The unemployment rate fell because more Americans who were searching for work found jobs, but the number of people in the labor force remained level, suggesting that ample open jobs and some improvement in wages didn’t draw more workers off the sidelines in May.
Some of the industries within the service sector that had been most deeply impacted by the pandemic saw another surge in re-employment during the month. There was also an unexpected drop in the labor force participation rate to 61.6% from 61.7% in May, suggesting a smaller share of Americans out of work returned to the labor force to look for or take new jobs.
*The following chart displays the latest local job growth by sector compared to the previous month. Note that if a sector experienced losses or flat growth, it will not be displayed as part of the graphic.
BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.
The BLS defines a sector as a subset of the domestic economy and excludes the economic activities of the following: general government, private households, and nonprofit organizations serving individuals. A sector consists of multiple industries.
The BLS defines an industry as a group of establishments that produce similar products or provide similar services. Multiple industries makeup sectors.