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Blog: A Critical Moment for Our Labor Market

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Date:
Location: Unknown

Our nation's labor market added 82,000 private sector jobs in the month of May, while the unemployment rate ticked up to 8.2 percent.

Our labor market continues to recover. We continue to add jobs to an economy that was once bleeding 800,000 a month under the previous administration. Over the last 27 months, we have added more than 4 million private sector jobs. And for each of the past five months, we have created an average of 169,000 jobs. Additionally, the number of people who have been unemployed for six months or more has decreased by 800,000 over the last year.

Across the board, industry sectors are growing. This month we saw strong growth in health care, transportation and warehousing, and wholesale trade. Also, growth in manufacturing continues to trend up, with nearly 500,000 jobs added over the last 28 months -- the strongest growth in manufacturing since April 1995.

Our labor market continues to recover. We continue to add jobs to an economy that was once bleeding 800,000 a month under the previous administration. Over the last 27 months, we have added more than 4 million private sector jobs. And for each of the past five months, we have created an average of 169,000 jobs. Additionally, the number of people who have been unemployed for six months or more has decreased by 800,000 over the last year.

Across the board, industry sectors are growing. This month we saw strong growth in health care, transportation and warehousing, and wholesale trade. Also, growth in manufacturing continues to trend up, with nearly 500,000 jobs added over the last 28 months -- the strongest growth in manufacturing since April 1995.


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