Employment rose by 217,000 last month, while the unemployment rate—6.3 percent—and several other employment factors were basically unchanged from the previous month or year, according to a release by the Labor Department.
Those factors are—
People without a job for at least 27 weeks. Long-term unemployment has declined over the past year by 979,000. But it was basically unchanged from the previous month at 3.4 million in May, said the release. The long-term unemployed made up 34.6 percent of the unemployed.
The labor force participation rate. The rate held steady in May at 62.8 percent, but has dipped .6 percentage points over the last year. Of the unemployed, 237,000 had reentered the workforce.
The underemployed. Also known as involuntary part-time workers, 7.3 million were underemployed in May, representing little change from the previous month, according to the release.
Marginally attached workers. Those who are absent from the labor force, but are available for work and have sought work in the past 12 months remained at 2.1 million, compared to a year earlier. Included in that group are the discouraged workers, or people not seeking work because they don’t believe they can find it. That number remained at 697,000 people, compared to a year earlier.
The number of people who lost jobs and of those working at temporary jobs shrunk by 218,000.
On Thursday the Labor Department released its update on weekly unemployment claims. Jobless claims rose by 8,000 last week to 312,000. But the 4-week average was 310,250, the lowest the average has been since 2007.