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June 03, 2022US EMPLOYMENT, MAY 2022 The US Bureau of Labor Statistics reports today that US non-farm payroll employment increased 390,000 from April to May 2022. The US unemployment rate was the same for the last three months at 3.6%. Job gains were made in leisure and hospitality, in professional and business services, and in transportation and warehousing. Employment declined in retailing. Non-farm employment is 822,000 below its pre-pandemic levels.
The US participation rate increased 0.1 percentage point to 62.3%, 1.1 percentage points below February 2020. The decline in participation rate in the US could partially reflect people exiting labour market activity completely during the crisis with people that have lost jobs not looking for work.
The US employment to population ratio was increased 0.1 percentage points in to 60.1%, 1.1 percentage points below pre-pandemic levels.
Note: Canadian and US labour force statistics refer to different working-age cohorts.
Sources: US Bureau of Labor Statistics news release, Commissioner's Statement on the Employment Situation
Statistics Canada. Table 14-10-0287-01 Labour force characteristics, monthly, seasonally adjusted and trend-cycle
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