Conventionally, the fifth is second in importance to the root, with the fifth being perfect in all primary triads (I, IV, V and i, iv, v). In jazz chords and theory however, the fifth is often omitted, or assumed, in preference for the chord quality determining third and chord extensions and additions.
The fifth in a major and minor chord is perfect (G♮ in C). When the fifth of a major chord is raised it is an augmented chord (G♯ in C) Playⓘ. When the fifth of a minor chord is lowered it is a diminished chord (G♭ in C) Playⓘ.