The U.S. Department of Labor has put the number of new jobs created at 272,000 as the U.S. labor market continues to grow.
The U.S. maintains the steady pace of growth with respect to jobs across the country. The health care, government, entertainment and hospitality sectors generated the most jobs in a month of May in which approximately 272,000 new jobs were created, an encouraging figure for the economic prosperity of U.S. citizens.
Although the unemployment rate stood at 4% (up 0.3% from a year earlier), the increase in jobs was higher than the annual average, when approximately 230,000 jobs were being created each month. These data present a reason to rejoice for a government that is being notably criticized, but nevertheless shows prosperous data in the labor field in an election year.
The tertiary sector, leader in growth
The U.S. Department of Labor has conducted a market analysis of the established figures. According to the data, the healthcare sector has benefited the most from job growth: ambulatory health services added 43,000 jobs, hospitals 15,000 and the nursing sector 11,000.
In the government sector, new jobs added 43,000. The number of jobs in the entertainment and hospitality sector increased by 42,000. Finally, 32,000 new jobs were created in the scientific sector.
Thanks to this growth, the government agency is celebrating more than 30 months below 4% unemployment, the longest streak in the last half-century. The big point to deal with now is the primary and secondary sector, since markets such as mining or agriculture have hardly presented any movement despite the absolute growth of the figures.