There is a strong divergence within the May jobs report as released by the Bureau of Labor and Statistics (BLS) [DATA HERE]. Payrolls increased 339,000 in May from April and previous months were revised up by 93,000. That is good news. However, the household survey, from which the unemployment rate is derived, showed employment down 310,000 jobs and the unemployment rate increased to 3.7%.
One of the aspects driving higher payroll starts are the number of people taking on additional part-time jobs. This aspect is noted in a decline for the number of hours in the average workweek. As more PT jobs are added, the number of hours in a workweek declines. As noted in the BLS data, “the average workweek for all employees on private nonfarm payrolls edged down by 0.1 hour to 34.3 hours in May.”
There were 161.0 million people working in April. There are 160.7 million people working in May.
There were 5.7 million people unemployed in April. There are 6.1 million unemployed people in May.
The unemployment rate increased from 3.4% to 3.7%.
There are 310,000 fewer people working in May than were working in April. However, payrolls increased by 339,000 over the same timeframe. See graph above for where those jobs were gained.
“This is no small thing, to restore a republic after it has fallen into corruption. I have studied history for years and I cannot recall it ever happening. It may be that our task is impossible. Yet, if we do not try then how will we know it can’t be done? And if we do not try, it most certainly won’t be done. The Founders’ Republic, and the larger war for western civilization, will be lost.”


