New jobs created printed at 253,000 on May 5, according to the Establishment Survey, well above market expectations of 180,000 jobs. Net revisions were down 149,000 jobs from February and March. That makes the average three-month creation of 222,000 jobs.
The Household Survey, which is compiled from different data, showed 139,000 people were newly employed.
Both the unemployment rate, at 3.4 percent, and the number of unemployed persons, at 5.7 million, changed little from March figures of 3.5 percent and 5.8 million, respectively.
The U6 number was 6.6 percent. The U6 is a measure of the total unemployed plus all persons marginally attached to the labor force plus total employed part-time for economic reasons, as a percent of the civilian labor force, plus all persons marginally attached to the labor force. The labor participation rate remained 62.6 perecent….
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