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U.S. Employment Declined by 226,000 in May, Labor Force Participation Falls to 61.8%, Says Fed's Timiraos

GateNews

2026-05-08 12:49:35

According to Fed spokesperson Nick Timiraos on May 8, household survey data showed employment declined by 226,000 and labor force participation fell by 0.1 percentage point to 61.8%. Timiraos noted that the U.S. unemployment rate has not risen because people are exiting the labor market rather than finding jobs.

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