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

Jobs · ORIGINAL ECONOMIC RELEASE

May 2017 Employment Situation

Total nonfarm payroll employment increased by 138,000 in May, and the unemployment rate was little changed at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and mining.

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

THE PRIMARY SOURCE

Read the release

Original source →

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 increased by 138,000 in May, and the unemployment rate was little changed at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and mining.

Household Survey Data

The unemployment rate, at 4.3 percent, and the number of unemployed persons, at 6.9 million, changed little in May. Since January, the unemployment rate has declined by 0.5 percentage point, and the number of unemployed has decreased by 774,000. (See table A-1.)

Among the major worker groups, the unemployment rate for Whites edged down to 3.7 percent in May. The jobless rates for Blacks (7.5 percent), Asians (3.6 percent), and Hispanics (5.2 percent), as well as those for adult men (3.8 percent), adult women (4.0 percent), and teenagers (14.3 percent), showed little or no change. (See tables A-1, A-2, and A-3.)

Among the unemployed, the number of job losers and persons who completed temporary jobs declined by 211,000 to 3.3 million in May. The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged over the month at 1.7 million and accounted for 24.0 percent of the unemployed. (See tables A-11 and A-12.)

The labor force participation rate declined by 0.2 percentage point to 62.7 percent in May but has shown no clear trend over the past 12 months. The employment-population ratio edged down to 60.0 percent in May. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed at 5.2 million in May. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)

In May, 1.5 million persons were marginally attached to the labor force, down by 238,000 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 355,000 discouraged workers in May, down by 183,000 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 in May had not searched for work for reasons such as school attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment increased by 138,000 in May, compared with an average monthly gain of 181,000 over the prior 12 months. In May, job gains occurred in health care and mining. (See table B-1.)

Employment in health care rose by 24,000 in May. Hospitals added 7,000 jobs over the month, and employment in ambulatory health care services continued to trend up (+13,000). Job growth in health care has averaged 22,000 per month thus far in 2017, compared with an average monthly gain of 32,000 in 2016.

Mining added 7,000 jobs in May. Employment in mining has risen by 47,000 since reaching a recent low point in October 2016, with most of the gain in support activities for mining.

In May, employment in professional and business services continued to trend up (+38,000). The industry has added an average of 46,000 jobs per month thus far this year, in line with the average monthly job gain in 2016.

Employment in food services and drinking places also continued to trend up in May (+30,000) and has grown by 267,000 over the past 12 months.

Employment in other major industries, including construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, financial activities, and government, showed little change over the month.

The average workweek for all employees on private nonfarm payrolls was unchanged at 34.4 hours in May. In manufacturing, the workweek also was unchanged at 40.7 hours, while overtime edged up by 0.1 hour to 3.3 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged down by 0.1 hour to 33.6 hours. (See tables B-2 and B-7.)

In May, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $26.22. Over the year, average hourly earnings have risen by 63 cents, or 2.5 percent. In May, average hourly earnings of private-sector production and nonsupervisory employees increased by 3 cents to $22.00. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for March was revised down from +79,000 to +50,000, and the change for April was revised down from +211,000 to +174,000. With these revisions, employment gains in March and April combined were 66,000 less than previously reported. Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors. Over the past 3 months, job gains have averaged 121,000 per month.

Source: U.S. Bureau of Labor Statistics · Original release Jun 2, 2017.

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 3, 2017Publication referenceJun 2, 201730 days laterJul 2, 2017
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®4.03%Observed 3.94%Observed −9 bps vs. earlier reference3.88%Observed −6 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the Treasury2.33%Observed 2.15%Observed −18 bps vs. earlier reference2.31%Observed +16 bps vs. publication reference

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 2, 2017 – Sep 2, 2017
Historical mortgage and Treasury observations around Jun 2, 2017Each 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.2.00%3.25%4.50%Publication date30-year fixed mortgage: 4.10% · Mar 2, 201730-year fixed mortgage: 4.21% · Mar 9, 201730-year fixed mortgage: 4.30% · Mar 16, 201730-year fixed mortgage: 4.23% · Mar 23, 201730-year fixed mortgage: 4.14% · Mar 30, 201730-year fixed mortgage: 4.10% · Apr 6, 201730-year fixed mortgage: 4.08% · Apr 13, 201730-year fixed mortgage: 3.97% · Apr 20, 201730-year fixed mortgage: 4.03% · Apr 27, 201730-year fixed mortgage: 4.02% · May 4, 201730-year fixed mortgage: 4.05% · May 11, 201730-year fixed mortgage: 4.02% · May 18, 201730-year fixed mortgage: 3.95% · May 25, 201730-year fixed mortgage: 3.94% · Jun 1, 201730-year fixed mortgage: 3.89% · Jun 8, 201730-year fixed mortgage: 3.91% · Jun 15, 201730-year fixed mortgage: 3.90% · Jun 22, 201730-year fixed mortgage: 3.88% · Jun 29, 201730-year fixed mortgage: 3.96% · Jul 6, 201730-year fixed mortgage: 4.03% · Jul 13, 201730-year fixed mortgage: 3.96% · Jul 20, 201730-year fixed mortgage: 3.92% · Jul 27, 201730-year fixed mortgage: 3.93% · Aug 3, 201730-year fixed mortgage: 3.90% · Aug 10, 201730-year fixed mortgage: 3.89% · Aug 17, 201730-year fixed mortgage: 3.86% · Aug 24, 201730-year fixed mortgage: 3.82% · Aug 31, 201710-year Treasury: 2.49% · Mar 2, 201710-year Treasury: 2.49% · Mar 3, 201710-year Treasury: 2.49% · Mar 6, 201710-year Treasury: 2.52% · Mar 7, 201710-year Treasury: 2.57% · Mar 8, 201710-year Treasury: 2.60% · Mar 9, 201710-year Treasury: 2.58% · Mar 10, 201710-year Treasury: 2.62% · Mar 13, 201710-year Treasury: 2.60% · Mar 14, 201710-year Treasury: 2.51% · Mar 15, 201710-year Treasury: 2.53% · Mar 16, 201710-year Treasury: 2.50% · Mar 17, 201710-year Treasury: 2.47% · Mar 20, 201710-year Treasury: 2.43% · Mar 21, 201710-year Treasury: 2.40% · Mar 22, 201710-year Treasury: 2.41% · Mar 23, 201710-year Treasury: 2.40% · Mar 24, 201710-year Treasury: 2.38% · Mar 27, 201710-year Treasury: 2.42% · Mar 28, 201710-year Treasury: 2.39% · Mar 29, 201710-year Treasury: 2.42% · Mar 30, 201710-year Treasury: 2.40% · Mar 31, 201710-year Treasury: 2.35% · Apr 3, 201710-year Treasury: 2.36% · Apr 4, 201710-year Treasury: 2.34% · Apr 5, 201710-year Treasury: 2.34% · Apr 6, 201710-year Treasury: 2.38% · Apr 7, 201710-year Treasury: 2.37% · Apr 10, 201710-year Treasury: 2.32% · Apr 11, 201710-year Treasury: 2.28% · Apr 12, 201710-year Treasury: 2.24% · Apr 13, 201710-year Treasury: 2.26% · Apr 17, 201710-year Treasury: 2.18% · Apr 18, 201710-year Treasury: 2.21% · Apr 19, 201710-year Treasury: 2.24% · Apr 20, 201710-year Treasury: 2.24% · Apr 21, 201710-year Treasury: 2.28% · Apr 24, 201710-year Treasury: 2.35% · Apr 25, 201710-year Treasury: 2.32% · Apr 26, 201710-year Treasury: 2.30% · Apr 27, 201710-year Treasury: 2.29% · Apr 28, 201710-year Treasury: 2.33% · May 1, 201710-year Treasury: 2.29% · May 2, 201710-year Treasury: 2.33% · May 3, 201710-year Treasury: 2.36% · May 4, 201710-year Treasury: 2.36% · May 5, 201710-year Treasury: 2.39% · May 8, 201710-year Treasury: 2.42% · May 9, 201710-year Treasury: 2.41% · May 10, 201710-year Treasury: 2.39% · May 11, 201710-year Treasury: 2.33% · May 12, 201710-year Treasury: 2.34% · May 15, 201710-year Treasury: 2.33% · May 16, 201710-year Treasury: 2.22% · May 17, 201710-year Treasury: 2.23% · May 18, 201710-year Treasury: 2.23% · May 19, 201710-year Treasury: 2.25% · May 22, 201710-year Treasury: 2.29% · May 23, 201710-year Treasury: 2.26% · May 24, 201710-year Treasury: 2.25% · May 25, 201710-year Treasury: 2.25% · May 26, 201710-year Treasury: 2.21% · May 30, 201710-year Treasury: 2.21% · May 31, 201710-year Treasury: 2.21% · Jun 1, 201710-year Treasury: 2.15% · Jun 2, 201710-year Treasury: 2.18% · Jun 5, 201710-year Treasury: 2.14% · Jun 6, 201710-year Treasury: 2.18% · Jun 7, 201710-year Treasury: 2.19% · Jun 8, 201710-year Treasury: 2.21% · Jun 9, 201710-year Treasury: 2.21% · Jun 12, 201710-year Treasury: 2.21% · Jun 13, 201710-year Treasury: 2.15% · Jun 14, 201710-year Treasury: 2.16% · Jun 15, 201710-year Treasury: 2.16% · Jun 16, 201710-year Treasury: 2.19% · Jun 19, 201710-year Treasury: 2.16% · Jun 20, 201710-year Treasury: 2.16% · Jun 21, 201710-year Treasury: 2.15% · Jun 22, 201710-year Treasury: 2.15% · Jun 23, 201710-year Treasury: 2.14% · Jun 26, 201710-year Treasury: 2.21% · Jun 27, 201710-year Treasury: 2.22% · Jun 28, 201710-year Treasury: 2.27% · Jun 29, 201710-year Treasury: 2.31% · Jun 30, 201710-year Treasury: 2.35% · Jul 3, 201710-year Treasury: 2.33% · Jul 5, 201710-year Treasury: 2.37% · Jul 6, 201710-year Treasury: 2.39% · Jul 7, 201710-year Treasury: 2.38% · Jul 10, 201710-year Treasury: 2.37% · Jul 11, 201710-year Treasury: 2.33% · Jul 12, 201710-year Treasury: 2.35% · Jul 13, 201710-year Treasury: 2.33% · Jul 14, 201710-year Treasury: 2.31% · Jul 17, 201710-year Treasury: 2.27% · Jul 18, 201710-year Treasury: 2.27% · Jul 19, 201710-year Treasury: 2.27% · Jul 20, 201710-year Treasury: 2.24% · Jul 21, 201710-year Treasury: 2.26% · Jul 24, 201710-year Treasury: 2.33% · Jul 25, 201710-year Treasury: 2.29% · Jul 26, 201710-year Treasury: 2.32% · Jul 27, 201710-year Treasury: 2.30% · Jul 28, 201710-year Treasury: 2.30% · Jul 31, 201710-year Treasury: 2.26% · Aug 1, 201710-year Treasury: 2.27% · Aug 2, 201710-year Treasury: 2.24% · Aug 3, 201710-year Treasury: 2.27% · Aug 4, 201710-year Treasury: 2.26% · Aug 7, 201710-year Treasury: 2.29% · Aug 8, 201710-year Treasury: 2.24% · Aug 9, 201710-year Treasury: 2.20% · Aug 10, 201710-year Treasury: 2.19% · Aug 11, 201710-year Treasury: 2.22% · Aug 14, 201710-year Treasury: 2.27% · Aug 15, 201710-year Treasury: 2.23% · Aug 16, 201710-year Treasury: 2.19% · Aug 17, 201710-year Treasury: 2.19% · Aug 18, 201710-year Treasury: 2.18% · Aug 21, 201710-year Treasury: 2.22% · Aug 22, 201710-year Treasury: 2.17% · Aug 23, 201710-year Treasury: 2.19% · Aug 24, 201710-year Treasury: 2.17% · Aug 25, 201710-year Treasury: 2.16% · Aug 28, 201710-year Treasury: 2.13% · Aug 29, 201710-year Treasury: 2.15% · Aug 30, 201710-year Treasury: 2.12% · Aug 31, 201710-year Treasury: 2.16% · Sep 1, 2017Mar 2, 2017Jun 2, 2017Sep 2, 2017
30-year fixed mortgage27 observations10-year Treasury129 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$1,421.89/month

3.94% · Jun 1, 2017

At the later reference$1,411.57/month

3.88% · Jun 29, 2017

The illustrative principal-and-interest payment is $10.32 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.

Understand the policy connection →See current advertised mortgage options →