Economy
June 5, 2017
Net Job Creation by Industry through May 2017
Written by Peter Wright
The Bureau of Labor Statistics (BLS) employment report for May was released on Friday and revealed a disappointing total net job creation of 138,000 which was well below analysts expectations. To make matters worse, March and April were revised down by a total of 66,000 jobs. Using a three month moving average (3MMA), the result for May was 121,000.
Figure 1 shows the 3MMA of the number of jobs created monthly since 2000 as the brown bars. These numbers are seasonally adjusted by the BLS.
