Key facts
- US economy added 272,000 nonfarm payroll jobs in May.
- Leisure and hospitality sector lost 11,000 jobs.
- Government sector lost 8,000 jobs.
- Healthcare and social assistance industry lost 5,000 jobs.
The U.S. economy added 272,000 nonfarm payroll jobs in May, a figure that exceeded expectations. However, not all sectors contributed positively to this growth. The leisure and hospitality industry saw a decrease of 11,000 jobs, continuing a trend of job shedding in this sector. Similarly, the government sector lost 8,000 jobs, and the healthcare and social assistance industry experienced a decline of 5,000 jobs. These losses occurred despite the overall robust job creation across the broader economy, indicating varied performance among different industries.