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US Talent Market Monthly June 2013
1. J u n e 7 , 2 0 1 3
$23.89
AVERAGE HOURLY EARNINGS
(ALL WORKERS)
2.0% ABOVE LAST YEAR
• Job gains of 175,000 in May were driven by growth in consumer sectors and
continued strength in professional services employment.
• The unemployment rate edged upwards, but for the right reasons, as more
workers entered the labor force.
• The U.S. labor market remains relatively resilient despite headwinds including
reduced federal spending and a soft global economy.
Job creation continued along a steady path in May, with employers adding a respectable 175,000 workers to their payrolls during the
month. Although employment growth figures for the prior two months were revised slightly downward, the U.S. economy has added
nearly a million jobs so far in 2013, suggesting that the labor market is holding up in the face of an uncertain economic climate. Overall,
U.S. employment growth has averaged around 172,000 per month over the past year.
(Continued)
RESPECTABLE EMPLOYMENT GROWTH IN MAY
WORKERS IN MAY
U.S. EMPLOYERS HIRED
A TOTAL OF
7.6%
THE UNEMPLOYMENT RATE
ROSE TO
8.2% LAST MAY
175,000