The much anticipated employment report for May was released today by the Bureau of Labor Statistics, revealing disappointing results, except in the healthcare industry.
The healthcare industry grew again in May, adding 33,000 new jobs. Of those, 23,000 new jobs were in ambulatory care, including 9,900 new jobs in medical offices.
With May's growth, healthcare has added an impressive 340,000 jobs in the past year.
Nonfarm payroll employment was little changed with the addition of a mere 69,000 jobs, and the nation's unemployment rate edged back up to 8.2 percent.
In contrast, the unemployment rate for "Healthcare practitioner and technical occupations" is 3.2 percent. Professionals in life science, physical science, and social sciences are in even better shape, with a May unemployment rate of only 1.9 percent, which is down from 3.8 percent the previous May.