Disappointing job statistics?

The May employment figures
released by the Bureau of Labor Statistics yesterday sent mixed signals, revealing that U.S. job
creation slowed in May even as the unemployment rate edged slightly lower.

Macroblog reports that many analysts were disappointed that the strong growth of 274,000 new nonfarm jobs in April was followed by a much weaker increase of only 78,000 in May, based on the Bureau of Labor Statistics establishment surveys. Even so, the unemployment rate (which is calculated from surveys of households rather than businesses) edged slightly lower from 5.2% in April to 5.1% in May, keeping it substantially below the 5.8% average unemployment rate that the U.S. experienced in the 1990′s.

The Bureau of Labor Statistics has a nice graphic that allows you to see how your county is doing relative to the rest of the nation.

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2 thoughts on “Disappointing job statistics?

  1. Brad DeLong's Website

    James Hamilton from UCSD Joins the Party…

    He is incredibly smart and incredibly hard working: we eagerly look forward to lots of refreshments: Econbrowser: June 09, 2005 Oil futures and the future of oil Commodity traders can have as hard a time as any of us trying to predict oil prices. But i…

  2. Brad DeLong's Website

    James Hamilton from UCSD Joins the Party…

    He is incredibly smart and incredibly hard working: we eagerly look forward to lots of refreshments: Econbrowser: June 09, 2005 Oil futures and the future of oil Commodity traders can have as hard a time as any of us trying to predict oil prices. But i…

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