EMPLOYMENT UPDATE FOR MAY
By: Hope Wilkos, Writer/Blogger Photographer: George Whylie Videographer: Maxine NolanThe report for May employment was not as optimistic as in months past.
Although private sector jobs have been added for the past 27 months equating to a total of 4.3 million payroll jobs, only 69,000 jobs were added for May as opposed to a forecast of 150,000 jobs. The unemployment rate creeped higher to 8.2% up from 8.1% in April.
The economy is not growing as fast as expected. In addition, there are obstacles to try and overcome like the crisis in Europe and a spike in gas prices.
The President has set forth proposals to put America on the right path such as the American Jobs Act to create jobs, put teachers back in the classroom and cops back out on the street as well as put the nation’s construction workers back on the job rebuilding our nation’s infrastructure. Middle-class security must be restored inclusive of the elimination of tax incentives to ship jobs overseas, cutting red tape so responsible homeowners can refinance and incentives so small businesses will increase employment. It is also important to put veterans back to work.
Manufacturers added 12,000 jobs in May. Since 2010, 495,000 jobs have been added. President Obama is proposing tax incentives to enhance training for the manufacturing workforce and encourage insourcing.
Education and health services increased by +46,000, transportation and warehouse by +35,600, wholesale trade by +15,900 and temporary help services by 9,200.
Jobs that decreased in May were construction (28,000), accounting services (14,000), government (13,000) and leisure and hospitality (9,000) and state and local governments (8,000).
Keep in mind that all information is subject to revision and can change from month to month.
STATEMENT RELEASED BY THE WHITE HOUSE
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