May Jobs Report: Labor Force Participation Drops From April
June 07, 2024
June 07, 2024
WASHINGTON, June 7 -- Rep. Jodey Arrington, R-Texas, chairman of the House Budget Committee, issued the following news release:
Today, the Bureau of Labor Statistics (BLS) released its jobs report for May 2024, which showed 272,000 new jobs were created in May, the labor participation rate dropping slightly from 62.7 percent in April to 62.5 percent, and the unemployment rate ticking up slightly from 3.9 percent in April to 4.0 percent. Furthermore, nearly half of all job growth sin . . .
Today, the Bureau of Labor Statistics (BLS) released its jobs report for May 2024, which showed 272,000 new jobs were created in May, the labor participation rate dropping slightly from 62.7 percent in April to 62.5 percent, and the unemployment rate ticking up slightly from 3.9 percent in April to 4.0 percent. Furthermore, nearly half of all job growth sin . . .