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THE ECONOMICS DAILY
From the U.S. Bureau of Labor Statistics
06-12-2026 - Total nonfarm payroll employment increased by 172,000 in May 2026 - June 12, 2026 - Total nonfarm payroll employment increased by 172,000 in May 2026, similar to the gain of 179,000 in April. In May, job gains occurred in leisure and hospitality, local government, and health care. Employment in financial activities declined. Leisure and hospitality added 70,000 jobs in May, well above the average monthly gain of 14,000 over the prior 12 months. Over the month, food services and drinking places added 48,000 jobs. In May, employment in local government rose by 55,000, largely reflecting a gain in local government, excluding education (+44,000). Health care added 35,000 jobs in May, in line with the average monthly gain of 38,000 over the prior 12 months. Over the month, ambulatory health care services added 26,000 jobs, including a gain of 11,000 in home health care services. Employment continued to trend up in hospitals (+6,000). Financial activities employment declined by 22,000 in May and was down by 107,000 since its recent peak one year ago. Over the month, job losses occurred in insurance carriers and related activities (-11,000) and commercial banking (-3,000). Employment showed little change over the month in other major industries, including construction, manufacturing, wholesale trade, retail trade, information, professional and business services, and other services. These data are from the Current Employment Statistics program and are seasonally adjusted. The most recent two months are preliminary.
06-11-2026 - Trends in manufacturing output and hours worked, 2007–2026 - June 11, 2026 - One way labor productivity growth occurs is when output grows at a faster rate than hours worked. In the manufacturing sector, labor productivity had been slowly declining since 2011 but saw a rebound in growth starting in 2025. Specifically, there has been a difference between output growth and growth in hours worked, the latter of which has been declining. Since the first quarter of 2025, productivity experienced consistent growth in all but one quarter. This growth was due to growth in output and small declines in hours worked. Labor productivity in manufacturing measures economic efficiency by comparing output growth to growth in hours worked. Sources of labor productivity can include the impact of labor composition, use of capital, technological change, efficiency improvements, returns to scale, reallocation of resources, and other factors on economic growth. Annual measures of total factor productivity help provide additional detail on the drivers of productivity growth.
06-10-2026 - Buncombe, NC, leads large counties in employment growth over the year ended December 2025 - June 10, 2026 - From December 2024 to December 2025, employment increased in 169 of the 372 largest U.S. counties. Buncombe, North Carolina, had the largest over-the-year increase in employment, with a gain of 3.7 percent. Within Buncombe, the largest employment increase occurred in leisure and hospitality, with a gain of 2,352 (+13.1 percent). Washington, DC, had the largest over-the-year percentage decrease in employment (-4.5 percent). Within Washington, the largest employment decrease occurred in government, with a loss of 21,178 (-9.0 percent). Four of the 10 largest counties had over-the-year percentage increases in employment. In December 2025, New York, New York, and Dallas, Texas, had the largest over-the-year employment percentage gain (+0.6 percent each). Within New York, financial activities had the largest employment increase, with a gain of 9,572 (+2.3 percent). Within Dallas, financial activities also had the largest employment increase, with a gain of 4,943 (+3.0 percent). These data are from the Quarterly Census of Employment and Wages program and are preliminary. The 372 largest U.S. counties had annual average employment levels of 75,000 or more in 2023.
06-09-2026 - 3Job openings increase; hires and total separations decrease in April 2026 - June 09, 2026 - The number and rate of job openings increased to 7.6 million (+731,000) and 4.6 percent, respectively, in April 2026. The number of job openings in professional and business services increased by 668,000, while openings in finance and insurance decreased by 135,000. The number and rate of hires decreased to 5.1 million (-419,000) and 3.2 percent, respectively, in April. Hires were little changed in all industries. The number of total separations decreased to 5.0 million (-399,000) and the rate declined to 3.1 percent. Total separations in retail trade decreased by 136,000. These data are from the Job Openings and Labor Turnover Survey and are seasonally adjusted. Data for the most recent month are preliminary. Job openings include all positions that are open on the last business day of the month. Hires and separations include all changes to the payroll during the entire month.