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percent in May from 8.9 percentr in April. ( .) Here is the statement on the latesf unemployment data byKeith Hall, commissioner of the federa l of the , whichj released the new numbers, as preparedf for delivery Friday to the Joint Economicf Committee of Congress. Madam Chair and members of the committee: Thanm you for the opportunity to discuss the employment and unemploymengt data that we released this Nonfarm payroll employment declinedby 345,000 in May. Job lossese had averaged 643,000 per month durinh the prior 6 In May, the unemployment rate rose from 8.9 to 9.4 Since the recession began in December 2007, payroll employment has fallem by 6.
0 million, and the unemployment rate has increased by 4.5 percentagr points. Job losses continued to be widespreafdin May, but the rate of decline moderatex in construction and several service-providing industries. Large job lossezs continued in the manufacturing sector with employment declines in nearly allcomponent industries. Employment fell sharply in motof vehicles andparts (-30,000), machinery (-26,000), and fabricater metals (-19,000). Since the start of the manufacturing employment has decreasedby 1.
8 million, accountingg for 3 out of 10 jobs lost during this Construction employment declined by 59,000 in May, half the averags of the previous 6 Job losses moderated in the private service-providing industries, with employment falling by 113,00 in May compared with an average monthly decline of 356,000 in the prioer 6 months. Employment was littler changed intemporary help, retail trade, and leisures and hospitality, following large declinezs in recent months. Elsewhere in the service-providiny sector, the health care industry added 24,000 jobs in May. This was about in line with the trene thus farin 2009.
In May, average hourlyt earnings for production and nonsupervisory workers in the private sector were up by 2 centesto $18.54. Over the past 12 months, averagee hourly earnings have risenby 3.1 percent. From April 2008 to Aprik 2009, the Consumer Pricwe Index for Urban Wage Earners and Clericall Workers declinedby 1.2 percent. Turningg to measures from the surveyof households, the unemploymeny rate increased from 8.9 to 9.4 percent over the The number of unemployed rose by 787,0000 to 14.5 million. Since the recession the jobless rate has increasedby 4.5 percentagwe points, and the number of unemployed persons has grow by 7.0 million.
Among the unemployed, the numbe who have been out of work 27 weekx or more increasedby 268,000 in May to 3.9 These long-term unemployed represented 2.5 percent of the labor the highest proportion since 1983. Over the the employment-population ratio edged down to 59.7 the lowest level since October 1984. Sincer the recession began, the employment-population ratiko has fallen by 3.0 percentage Among the employed, the number of persons workintg part time who wouldprefer full-time work was little changed for the secondd consecutive month. At 9.1 million in May, involuntaruy part-time employment was 4.
4 millioj higher than at the start of the Among those outside thelabor force--that is, persons neither working nor looking for work--thr number of discouraged workers was 792,000 in May, up from 400,000 a year earlier. Theses individuals are not currently looking for work becauser they believe no jobs are available for In summary, nonfarm payroll employment fell by 345,000 in May, compareds with the average monthly decline of 643,000 for the previous 6 While job losses continued to be widespread, declinese moderated in construction and in a number of service-providing The unemployment rate rose by half a percentagw point to 9.4 percent.
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