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United States

Report | United States Employment Update - May 2018

Summary

April registered yet another solid month for employment growth

  • With 164,000 net new jobs, employment growth in April maintained 2018's solid pace.
  • Growth was spread across industries, although professional services emerged as a clear leader during the month, accounting for roughly one-third of all gains. A slight drop to the civilian labor force spread to both employment and unemployment figures, driving down unemployment to a new low of 3.9 percent.
  • Total unemployment also dropped by 20 basis points to 7.8 percent, its first sub-8.0 percent reading this cycle.


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