Friday, June 06, 2014

Employment Situation: Nonfarm Payrolls and Civilian Unemployment May 2014

The latest Employment Situation Report indicated that in May, net non-farm payrolls increased by 217,000 jobs overall with the private non-farm payrolls sub-component adding 216,000 jobs while the civilian unemployment rate went flat at 6.3% over the same period.

It's important to note that with today's release (and revisions), the private non-farm payroll level has risen to the highest level seen in over six years and finally climbed higher then the level seen before the start of the Great Recession.

Net private sector jobs increased 0.19% since last month climbing 2.07% above the level seen a year ago and climbing 0.8% above the peak level of employment seen in December 2007 prior to the Great Recession.