The number of employees receiving pay and benefits from their employer—measured as “payroll employment” in the Survey of Employment, Payrolls and Hours—increased by 24,100 (+0.1%) in May, following an increase of 59,000 (+0.3%) in April and little change in March. On a year-over-year basis, payroll employment was up by 112,500 (+0.6%) in May.
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