Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

Download Now!

This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

Download Now!
June 02, 2006
Payroll Growth Slows Even Further

Employers added 75,000 jobs to their payrolls in May, and the unemployment rate dipped to 4.6 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

Payroll employment growth had averaged 164,000 per month from January to April. The unemployment rate was 4.7 percent in April.

In May, job gains continued in education and health services, wholesale trade, professional and business services, and mining. Retail trade employment fell by 27,000 jobs in May.

Meanwhile, average hourly earnings of production or nonsupervisory workers edged up by 1 cent in May to $16.62, seasonally adjusted. This followed an increase of 10 cents in April. Average weekly earnings decreased by 0.2 percent in May to $561.76. Over the year, average hourly earnings increased by 3.7 percent and average weekly earnings increased by 4.0 percent.

Featured Special Report:
Top 100 FLSA Overtime Q&As
Twitter  Facebook  Linked In
Follow Us
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: