Manufacturing and construction jobs declined in May
Two key industries for distributors experienced job losses during May, according to the U.S. Bureau of Labor Statistics.
Within manufacturing, employment in durable goods declined by 18,000 in May, with job losses of 7,000 in machinery and 3,000 in furniture and related products. Those job losses were partially offset by a gain of 8,000 jobs in nondurable goods manufacturing, for a net loss of 10,000 factory jobs for the month.
Construction employment fell by 15,000 jobs during May.
The unemployment rate declined by 0.3 percentage point to 4.7 percent in May, and nonfarm payroll employment changed little (+38,000), the U.S. Bureau of Labor Statistics reported today. Employment increased in health care. Mining continued to lose jobs, and employment in information decreased due to a strike.