US full-time employment falls 79,000 in May, lowest since December 2024
The decline marked a second straight monthly drop and the fourth in five months, bringing the cumulative fall in full-time jobs to 1.04 million.
Summary
US full-time employment fell by 79,000 in May to 134.17 million, the lowest level since December 2024. The latest reading extended a softer underlying trend in the labor market, marking a second consecutive monthly decline and the fourth drop in the last five months. Over that period, full-time employment has fallen by a combined 1.04 million, pointing to weakness beneath the headline job market picture.
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