US Jobs Growth Picks Up After Sluggish April

US jobs growth picked up again in May following what were widely regarded as disappointing April figures. The Bureau of Labor Statistics said that 559,000 non-farm payroll jobs were added in May. They also revised April’s figures slightly upwards to 278,000 jobs added.

This means that President Joe Biden has seen non-farm payroll jobs increase by 1.56% in the 4 full months since he took office. That is 0.41% points higher than last month.

Graph showing the growth of non-farm payroll jobs under Joe Biden

We can see this represents a further widening of the gap with Donald Trump. Trump had seen a job growth rate of 0.46% at this point in his presidency.

Graph showing the growth of non-farm payroll jobs under Joe Biden and Donald Trump

The difference between Biden and Barack Obama has also widened further. Obama had seen negative jobs growth of 1.92% back at the start of 2009; a gap of 3.48% with Biden.

Graph showing the growth of non-farm payroll jobs under Joe Biden and Barack Obama