Wednesday, November 11, 2026Mortgage news · Rates & market context

Jobs · ORIGINAL ECONOMIC RELEASE

May 2010 Employment Situation

Total nonfarm payroll employment grew by 431,000 in May, reflecting the hiring of 411,000 temporary employees to work on Census 2010, the U.S. Bureau of Labor Statistics reported today. Private-sector em- ployment changed little…

Historical releaseThe figures below describe the original reporting period. They are not today’s rates or a current economic forecast.Today’s market brief →

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Historical release narrative reproduced from the official public-domain source. Statistical tables, standard technical appendices, administrative material and attendance rosters are omitted; formatting is adapted for reading. Figures retain the release's historical context and may have been revised. Consult the linked source for the complete document.

Total nonfarm payroll employment grew by 431,000 in May, reflecting the hiring of 411,000 temporary employees to work on Census 2010, the U.S. Bureau of Labor Statistics reported today. Private-sector em- ployment changed little (+41,000). Manufacturing, temporary help ser- vices, and mining added jobs, while construction employment declined. The unemployment rate edged down to 9.7 percent.

Household Survey Data

The number of unemployed persons was 15.0 million in May. The unem- ployment rate edged down to 9.7 percent, the same rate as in the first 3 months of 2010. (See table A-1.)

Among the major worker groups, the unemployment rate for blacks (15.5 percent) declined in May, while the rates for adult men (9.8 percent), adult women (8.1 percent), teenagers (26.4 percent), whites (8.8 per- cent), and Hispanics (12.4 percent) showed little change. The jobless rate for Asians was 7.5 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)

In May, the number of long-term unemployed (those jobless for 27 weeks and over) was about unchanged at 6.8 million. These individuals made up 46.0 percent of unemployed persons, about the same as in April. (See table A-12.)

The number of unemployed reentrants to the labor force fell by 286,000 in May, offsetting an increase in April. (See table A-11.)

In May, the civilian labor force participation rate edged down by 0.2 percentage point to 65.0 percent. The employment-population ratio was about unchanged over the month at 58.7 percent. (See table A-1.)

The number of persons employed part time for economic reasons (some- times referred to as involuntary part-time workers) declined by 343,000 in May to 8.8 million. These individuals were working part time because their hours had been cut back or because they were un- able to find a full-time job. (See table A-8.)

About 2.2 million persons were marginally attached to the labor force in May, unchanged from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 1.1 million discouraged workers in May, up by 291,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.1 million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Nonfarm payroll employment increased by 431,000 in May, reflecting the addition of 411,000 temporary workers for Census 2010. Total pri- vate employment showed little change over the month (+41,000), fol- lowing increases in March and April. In May, manufacturing, tempo- rary help services, and mining added jobs, while employment in con- struction declined. (See table B-1.)

Manufacturing employment increased by 29,000 over the month. Factory employment has risen by 126,000 over the past 5 months. Within manu- facturing, both fabricated metals and machinery added jobs in May.

Temporary help services added 31,000 jobs over the month; employment in the industry has risen by 362,000 since September 2009.

Employment in mining continued to increase in May, with a gain of 10,000. Support activities for mining accounted for 8,000 of the over- the-month increase. Since October 2009, mining employment has expanded by 50,000.

Health care employment was little changed in May (+8,000). Over the prior 12 months, health care employment had increased by an average of 20,000 per month.

In May, employment in construction declined by 35,000, largely off- setting gains in the industry in the prior 2 months. May's job loss was spread throughout the sector.

Employment in other private-sector industries, including wholesale trade, retail trade, transportation and warehousing, information, financial activities, and leisure and hospitality showed little or no change in May.

Government employment rose by 390,000 in May. The Federal government hired 411,000 temporary workers for Census 2010, bringing total tem- porary census staffing during the payroll survey reference period to 564,000. Employment in state government excluding education decreased by 13,000.

In May, the average workweek for all employees on private nonfarm pay- rolls increased by 0.1 hour to 34.2 hours. The manufacturing workweek for all employees increased by 0.3 hour to 40.5 hours. The average workweek for production and nonsupervisory employees on private non- farm payrolls increased by 0.1 hour to 33.5 hours over the month. (See tables B-2 and B-7.)

Average hourly earnings of all employees in the private nonfarm sector increased by 7 cents, or 0.3 percent, to $22.57 in May. Over the past 12 months, average hourly earnings have increased by 1.9 percent. In May, average hourly earnings of private-sector production and nonsuper- visory employees increased by 4 cents, or 0.2 percent, to $18.99. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for March was revised from +230,000 to +208,000, while the change for April remained at +290,000.

Source: U.S. Bureau of Labor Statistics · Original release Jun 4, 2010.

Archived Nov 11, 2026. Source reuse policy. Formatting has been adapted for reading; the source’s conclusions remain attributed to its publisher.

MortgageRates.news analysis · Historical context

The mortgage market around this release

This original analysis is separate from the source article. It compares observed benchmarks around ; historical averages and yields are not current mortgage offers.

Read beyond one jobs number

The Employment Situation combines two surveys: establishment data measure payroll jobs, hours and earnings, while household data measure people’s employment status and the unemployment rate. A payroll-job change and an unemployment-rate change therefore answer different questions. Check the reference period, participation and revisions alongside the headline. Labor-market conditions inform the policy outlook, but a later mortgage-rate change can reflect many developments; this calendar window cannot identify the report as its cause. BLS Employment Situation tables and technical notes.

Nearest published observation on or before each target date
Benchmark30 days earlierMay 5, 2010Publication referenceJun 4, 201030 days laterJul 4, 2010
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®5.06%Observed 4.79%Observed −27 bps vs. earlier reference4.58%Observed −21 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the TreasuryUnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.

Calendar references, not an intraday reaction. A same-day market observation may have been published after a morning release. These figures do not show what was known at its exact publication time. One basis point (bp) is 0.01 percentage point; changes use the actual dated observations shown.

Six months around publication

Mar 4, 2010 – Sep 4, 2010
Historical mortgage and Treasury observations around Jun 4, 2010Each dot is a published observation. No missing values are estimated. The dashed vertical line marks the article’s publication calendar date. Rates and yields are percentages.4.00%4.75%5.50%Publication date30-year fixed mortgage: 4.97% · Mar 4, 201030-year fixed mortgage: 4.95% · Mar 11, 201030-year fixed mortgage: 4.96% · Mar 18, 201030-year fixed mortgage: 4.99% · Mar 25, 201030-year fixed mortgage: 5.08% · Apr 1, 201030-year fixed mortgage: 5.21% · Apr 8, 201030-year fixed mortgage: 5.07% · Apr 15, 201030-year fixed mortgage: 5.07% · Apr 22, 201030-year fixed mortgage: 5.06% · Apr 29, 201030-year fixed mortgage: 5.00% · May 6, 201030-year fixed mortgage: 4.93% · May 13, 201030-year fixed mortgage: 4.84% · May 20, 201030-year fixed mortgage: 4.78% · May 27, 201030-year fixed mortgage: 4.79% · Jun 3, 201030-year fixed mortgage: 4.72% · Jun 10, 201030-year fixed mortgage: 4.75% · Jun 17, 201030-year fixed mortgage: 4.69% · Jun 24, 201030-year fixed mortgage: 4.58% · Jul 1, 201030-year fixed mortgage: 4.57% · Jul 8, 201030-year fixed mortgage: 4.57% · Jul 15, 201030-year fixed mortgage: 4.56% · Jul 22, 201030-year fixed mortgage: 4.54% · Jul 29, 201030-year fixed mortgage: 4.49% · Aug 5, 201030-year fixed mortgage: 4.44% · Aug 12, 201030-year fixed mortgage: 4.42% · Aug 19, 201030-year fixed mortgage: 4.36% · Aug 26, 201030-year fixed mortgage: 4.32% · Sep 2, 2010Mar 4, 2010Jun 4, 2010Sep 4, 2010
30-year fixed mortgage27 observations
Dots show published observations only. Missing dates remain blank, with no interpolation. The series have different publication schedules and measure different markets.

What that benchmark difference would mean for a $300,000 loan

At the publication reference$1,572.18/month

4.79% · Jun 3, 2010

At the later reference$1,534.35/month

4.58% · Jul 1, 2010

The illustrative principal-and-interest payment is $37.83 lower per month. This holds the loan amount and term constant to show the arithmetic effect of the benchmark difference.

Assumptions: two separate hypothetical $300,000 loans, each fully amortizing over 30 years with 360 monthly payments and its stated fixed interest rate. Excludes points, lender fees, taxes, insurance, association charges and other costs. PMMS is a national average, not an APR or a personalized rate offer. These are not two payments on one existing loan.

Sources, historical coverage and calculation limits

The 30-day comparisons use calendar days. Each cell selects the last published observation on or before its target; no rates are synthesized for missing dates. Gaps greater than seven days for daily Treasury data or fourteen days for weekly mortgage data are marked unavailable. Forward comparisons require the date to have arrived and source coverage to extend through it.

Historical files may contain revisions and do not reconstruct precisely what every market participant knew at the time. Freddie Mac changed its PMMS collection methodology in November 2022. Cross-period comparisons should account for that change. These windows include other news and cannot establish causation or forecast the next rate move.

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