ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Economy

139,000 jobs added in May, unemployment rate unchanged at 4.2%

June 6, 2025
Reading Time: 1 min read
272,000 jobs added in May, unemployment rate edged up to 4.0%

Total nonfarm payroll employment increased by 139,000 in May, and the unemployment rate was unchanged at 4.2%, the U.S. Bureau of Labor Statistics reported today. The number of unemployed people, at 7.2 million, changed little over the month.

Employment continued to trend up in health care, leisure and hospitality, and social assistance. Federal government employment continued to decline.

Health care added 62,000 jobs in May, higher than the average monthly gain of 44,000 over the prior 12 months. In May, job gains occurred in hospitals (+30,000), ambulatory health care services (+29,000), and skilled nursing care facilities (+6,000).

Employment in leisure and hospitality continued to trend up in May (+48,000), largely in food services and drinking places (+30,000). Over the prior 12 months, leisure and hospitality had added an average of 20,000 jobs per month.

Employment in social assistance continued its upward trend in May (+16,000), reflecting continued growth in individual and family services (+16,000).

Within government, federal government employment declined by 22,000 in May and is down by 59,000 since January. (Employees on paid leave or receiving ongoing severance pay are counted as employed in the establishment survey.)

In May, average hourly earnings for all employees on private nonfarm payrolls rose by 15 cents, or 0.4%, to $36.24. Over the past 12 months, average hourly earnings have increased by 3.9%.

In May, the average workweek for all employees on private nonfarm payrolls was 34.3 hours for the third month in a row. In manufacturing, the average workweek was little changed at 40.1 hours, and overtime was unchanged at 2.9 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls remained at 33.7 hours in May.

Read the BLS release.

Tags: Nonfarm jobs
ShareTweetPin

Related Posts

Iowa banker elected as chair of ABA’s Community Bankers Council

Iowa banker elected as chair of ABA’s Community Bankers Council

Community Banking
September 21, 2026

ABA has elected Matt Lujano as chair of the Community Bankers Council for the 2026-2027 association year. Lujano is president and CEO of Westside State Bank in Westside, Iowa.

ABA names Blum EVP of congressional relations and legislative affairs

ABA names Blum EVP of congressional relations and legislative affairs

Newsbytes
September 21, 2026

In his new role, Jonathan Blum will oversee ABA’s bipartisan team responsible for engaging lawmakers and their staff on policy and legislative issues affecting banks and the communities they serve.

BIS: Stablecoins fail as ‘sound money’

ABA, BPI seek regulatory consistency in proposed stablecoin reporting forms

Compliance and Risk
September 21, 2026

The FDIC should finalize reporting forms for stablecoin issuers only after it finalizes the regulatory requirements for those firms, and it should collaborate with other federal regulators to ensure all reporting forms are substantially similar, ABA and the...

ABA, groups urge FHA to improve loss mitigation options for borrowers

ABA urges FHA to revise RAP demonstration before launch

Mortgage
September 18, 2026

ABA expressed support for FHA's proposed voluntary Reinstatement Advance Payment, or RAP, demonstration, but also offered several recommendations to ensure mortgagees are fully equipped to participate in the demonstration and borrowers are treated fairly and consistently.

Kentucky community bankers make case for right-sizing regulation

Kentucky community bankers make case for right-sizing regulation

Community Banking
September 18, 2026

One -size-fits-all regulation does not work for community banks, which is why legislation is needed to better tailor regulation and promote de novo bank formation, Kentucky community bankers told House lawmakers.

ABA DataBank: Treasury yield spread narrows since start of year

ABA DataBank: Treasury yield spread narrows since start of year

Economy
September 18, 2026

While both rates have increased and the yield curve remains upward sloping, it has flattened as the two-year yield has risen faster than the 10-year yield, suggesting that the market expects the Fed to keep short-term interest rates...

NEWSBYTES

Iowa banker elected as chair of ABA’s Community Bankers Council

September 21, 2026

ABA names Blum EVP of congressional relations and legislative affairs

September 21, 2026

ABA, BPI seek regulatory consistency in proposed stablecoin reporting forms

September 21, 2026

SPONSORED CONTENT

Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

September 17, 2026
Banking Technology at a Strategic Crossroads

Banking Technology at a Strategic Crossroads

September 8, 2026
Taming AI Agent Sprawl: A Playbook for Consumer Lending

Taming AI Agent Sprawl: A Playbook for Consumer Lending

September 1, 2026
Grow Public Deposits Without the Operational Burden End Fragment

Grow Public Deposits Without the Operational Burden End Fragment

September 1, 2026

PODCASTS

Podcast: Making the jump from a high performer to a high-performing leader

September 16, 2026

Podcast: Remembering 9/11, a quarter century later

September 10, 2026

Podcast: Banking the brave new world of college athletics

August 4, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.