{"id":1004233052,"date":"2018-06-01T05:21:25","date_gmt":"2018-06-01T13:21:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004233052"},"modified":"2022-12-08T00:01:36","modified_gmt":"2022-12-08T08:01:36","slug":"economy-watch-employment-up-by-223k-jobs-in-may","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/","title":{"rendered":"Economy Watch: Employment Up by 223K Jobs in May"},"content":{"rendered":"<p>By D.C. Stribling<\/p>\n<div id=\"attachment_1004233064\" style=\"width: 410px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004233064\" data-attachment-id=\"1004233064\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/bls-unemployment-rate-0518\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/BLS-Unemployment-rate-0518.jpeg\" data-orig-size=\"770,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"BLS Unemployment rate 0518\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: U.S. Bureau of Labor Statistics&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/BLS-Unemployment-rate-0518.jpeg?w=770\" class=\"wp-image-1004233064\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/BLS-Unemployment-rate-0518.jpeg\" alt=\"\" width=\"400\" height=\"312\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/BLS-Unemployment-rate-0518.jpeg 770w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/BLS-Unemployment-rate-0518.jpeg?resize=300,234 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/BLS-Unemployment-rate-0518.jpeg?resize=768,598 768w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><p id=\"caption-attachment-1004233064\" class=\"wp-caption-text\">Source: U.S. Bureau of Labor Statistics<\/p><\/div>\n<p>Total payroll employment increased by 223,000 jobs in May, the Bureau of Labor Statistics reported on Friday, beating the average of the previous 12 months, which was an increase of 191,000 and <a href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-gain-more-modest-in-april\/\">up from 164,000 in April<\/a>. Employment continued to trend up in several industries, including construction, retail, and health care all of which impact the demand for one form of real estate or another.<\/p>\n<p>Employment in construction continued on an upward trend in May (up 25,000) and has risen by a total of 286,000 over the past 12 months. Within the industry, nonresidential specialty trade contractors added 15,000 jobs last month. Employment in professional and technical services, which affects office space demand, also increased in May (up 23,000) and has risen by 206,000 over the last 12 months.<\/p>\n<p>In May, retail added 31,000 jobs, with gains occurring in general merchandise stores\u2014the likes of Walmart\u2014(up 13,000) and in building material and garden supply stores (up 6,000). Over the last year, retail has added 125,000 jobs all together. Employment in health care rose by 29,000 jobs in May, about in line with the average monthly gain over the last 12 months.<\/p>\n<p>The headline unemployment rate edged down to 3.8 percent, the BLS reported, the lowest the rate has been since 2000. The more expansive definition of unemployment, which the bureau called U-6, is also dropping, coming in at 7.6 percent in May, down from 7.8 percent in April and 8.4 percent a year ago. That metric includes total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons (those who want full-time work but can&#8217;t find it).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Job creation for the month beat the average of the previous 12 months and was a major increase from April&#8217;s employment numbers, according to the Bureau of Labor Statistics latest jobs report.<\/p>\n","protected":false},"author":1023,"featured_media":1004233064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[32766,32767],"class_list":["post-1004233052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-bureau-of-labor-statistics","tag-unemployment-rate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Economy Watch: Employment Up by 223K Jobs in May - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Employment Up by 223K Jobs in May\" \/>\n<meta property=\"og:description\" content=\"Job creation for the month beat the average of the previous 12 months and was a major increase from April&#039;s employment numbers, according to the Bureau of Labor Statistics latest jobs report.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-01T13:21:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T08:01:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/BLS-Unemployment-rate-0518.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/\",\"name\":\"Economy Watch: Employment Up by 223K Jobs in May - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/BLS-Unemployment-rate-0518.jpeg\",\"datePublished\":\"2018-06-01T13:21:25+00:00\",\"dateModified\":\"2022-12-08T08:01:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/BLS-Unemployment-rate-0518.jpeg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/BLS-Unemployment-rate-0518.jpeg\",\"width\":770,\"height\":600,\"caption\":\"Source: U.S. Bureau of Labor Statistics\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy Watch: Employment Up by 223K Jobs in May\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c\",\"name\":\"Dees Stribling\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g\",\"caption\":\"Dees Stribling\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/dcstribling\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Economy Watch: Employment Up by 223K Jobs in May - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/","og_locale":"en_US","og_type":"article","og_title":"Economy Watch: Employment Up by 223K Jobs in May","og_description":"Job creation for the month beat the average of the previous 12 months and was a major increase from April's employment numbers, according to the Bureau of Labor Statistics latest jobs report.","og_url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-06-01T13:21:25+00:00","article_modified_time":"2022-12-08T08:01:36+00:00","og_image":[{"width":770,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/BLS-Unemployment-rate-0518.jpeg","type":"image\/jpeg"}],"author":"Dees Stribling","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/","url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/","name":"Economy Watch: Employment Up by 223K Jobs in May - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/BLS-Unemployment-rate-0518.jpeg","datePublished":"2018-06-01T13:21:25+00:00","dateModified":"2022-12-08T08:01:36+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/BLS-Unemployment-rate-0518.jpeg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/BLS-Unemployment-rate-0518.jpeg","width":770,"height":600,"caption":"Source: U.S. Bureau of Labor Statistics"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-employment-up-by-223k-jobs-in-may\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Economy Watch: Employment Up by 223K Jobs in May"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/dc1e9fa4ee0430d86f8e60cd697c953c","name":"Dees Stribling","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42add8af9e9229ed27332ad13f5b8c6f6ae89de868a41cf81baaac4ad46e589a?s=96&d=mm&r=g","caption":"Dees Stribling"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/dcstribling\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/BLS-Unemployment-rate-0518.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004233052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1023"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004233052"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004233052\/revisions"}],"predecessor-version":[{"id":1004233066,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004233052\/revisions\/1004233066"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004233064"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004233052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004233052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004233052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}