In the News June 7, 2021

Breaking Down the Monthly BLS Job Report

Breaking Down the Monthly BLS Job Report

The May Employment Situation Report was released from the Bureau of Labor Statistics on June 4, and brought with it continued optimism of a recovering economy. The U.S. saw 559,000 new jobs be introduced in the month of May, building on a trend from recent months. 

HRDrive quoted analysis done by MRI in their latest ESR recap: “While that number comes in below economist expectations, it missed the mark by a smaller margin compared to the numbers from April,” they wrote, citing MRINetwork. The unemployment rate dropped to 5.8% in May.

Read May’s full BLS Employment Situation Report on the MRI blog or find HRDrive’s monthly summary here.