a day ago
- Business
- Wall Street Journal
Most Jobs Growth Came From Health Care, Hospitality, Home-Aide Roles
The lion's share of new jobs created in May came from just three sectors, according to the Labor Department's monthly employment report.
Health care: 62,000 new jobs
Social assistance: 16,000 new jobs
Leisure and hospitality: 48,000 new jobs.
Hiring meanwhile was broadly flat in most other industries, and federal government employment declined—it's down by 59,000 since January. Demand for temporary help workers dropped too last month, a sign companies are turning more cautious on hiring. Analysts noted that the narrow breadth of job gains in May suggests slowing employment in key cyclical sectors of the economy.
