More on jobs: Participation rate holds steady

|By:, SA News Editor

While April's job gains were revised lower by 6K to 282K, March's 203K print remained so.

For May, the average workweek is unchanged at 34.5 hours. Average hourly earnings gained $0.05 to $24.38, now up 2.1% Y/Y.

The labor force participation rate holds steady at 62.8% after a big drop in April. One year ago it stood at 63.4%. The employment-population ratio holds steady at 58.9%.

The broader U-6 unemployment rate fell to 12.2% from 12.3%. One year ago, it stood at 13.4%.

Industries: Manufacturing jobs fell 7K; Construction jobs added 5K; Retail added 34K; Temp Help added 23.3K; Health Care added 18.9K; Leisure and Hospitality added 53K.

Previously: Job gains of 217K, inline with estimates