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CIVILIAN LABOR PARTICIPATION RATE, SEASONALLY ADJUSTED

Total nonfarm payroll employment increased by 339,000 in May, and the unemployment rate rose by 0.3 percentage point to 3.7 percent, the U.S. Bureau of Labor Statistics reported June 2. Job gains occurred in professional and business services, government, health care, construction, transportation and warehousing, and social assistance. The labor force participation rate held at 62.6 percent in May, and the employmentpopulation ratio, at 60.3 percent, was little changed. Among the major worker groups, the unemployment rates for adult women (3.3 percent) and Blacks (5.6 percent) rose in May. The jobless rates for adult men (3.5 percent), teenagers (10.3 percent), Whites (3.3 percent), Asians (2.9 percent), and Hispanics (4.0 percent) showed little change over the month.

EMPLOYMENT CHANGE BY INDUSTRY, MAY 2023, 1-MONTH NET CHANGE

In May, professional and business services added 64,000 jobs, following an increase of similar size in April. Employment growth continued in professional, scientific, and technical services, which added 43,000 jobs. Government employment increased by 56,000, compared with the average monthly gain of 42,000 over the prior 12 months. Health care added 52,000 jobs, similar to the average monthly gain of 50,000 over the prior 12 months. Employment in leisure and hospitality continued to trend up (+48,000), largely in food services and drinking places (+33,000). Construction added 25,000 jobs, including 11,000 jobs in heavy and civil engineering construction. Employment in transportation and warehousing increased by 24,000 in May. Employment in social assistance rose by 22,000, in line with the average monthly gain of 23,000 over the prior 12 months.

U.S. IMPORT PRICE INDEXES FOR SELECTED CATEGORIES, 12-MONTH PERCENT CHANGE

U.S. import prices advanced 0.4 percent in April, the first monthly increase since December 2022. Despite the April rise, the price index for U.S. imports declined over the past year, falling 4.8 percent on a 12-month basis for the second consecutive month. Those were the largest over-the-year drops since the index decreased 6.3 percent in May 2020. Prices for import fuel rose 4.5 percent in April following a 3.9-percent drop in March and a 5.6-percent decline in February. The April advance was the first monthly increase since June 2022. Despite the monthly rise, import fuel prices fell 25.9 percent over the past year. Higher petroleum prices drove the increase for the month, more than offsetting lower prices for natural gas. Nonfuel import prices were unchanged in April, after decreasing 0.5 percent the previous month. Higher prices in April for consumer goods and foods, feeds, and beverages offset price decreases for nonfuel industrial supplies and materials and capital goods; automotive vehicles prices were unchanged for the month. The price index for nonfuel imports fell 1.9 percent over the past 12 months, the largest over-the-year drop since April 2016.

Fatal Occupational Injuries By Event Or Exposure

There were 5,190 fatal work injuries recorded in the United States in 2021, an 8.9-percent increase from 4,764 in 2020, the U.S. Bureau of Labor Statistics reported. The fatal work injury rate was 3.6 fatalities per 100,000 full-time equivalent (FTE) workers, up from 3.4 per 100,000 FTE in 2020 and up from the 2019 pre-pandemic rate of 3.5. The 3.6 fatal occupational injury rate in 2021 represents the highest annual rate since 2016. A worker died every 101 minutes from a work-related injury in 2021. Suicides continued to trend down, decreasing to 236 in 2021 from 259 in 2020, an 8.9-percent decrease. Workers in transportation and material moving occupations experienced a series high of 1,523 fatal work injuries in 2021 and represent the occupational group with the highest number of fatalities. This is an increase of 18.8 percent from 2020. Transportation incidents remained the most frequent type of fatal event in 2021 with 1,982 fatal injuries, an increase of 11.5 percent from 2020. This major category accounted for 38.2 percent of all work-related fatalities for 2021.

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