By Harriet Torry
The lion's share of new jobs created in May came from just three sectors, according to the Labor Department's monthly employment report.
-- Health care: 62,000 new jobs
-- Social assistance: 16,000 new jobs
-- Leisure and hospitality: 48,000 new jobs.
Hiring meanwhile was broadly flat in most other industries, and federal government employment declined-it's down by 59,000 since January. Demand for temporary help workers dropped too last month, a sign companies are turning more cautious on hiring. Analysts noted that the narrow breadth of job gains in May suggests slowing employment in key cyclical sectors of the economy.
"The May employment report shows a labor market that has softened but isn't unraveling," Oxford Economics said in a research note.
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(END) Dow Jones Newswires
June 06, 2025 14:00 ET (18:00 GMT)
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