Labor line has job news and commentary with a one stop short cut for America’s job markets and job related data including the latest data from the Bureau of Labor Statistics.
Current Job and Employment Data
Total Non-Farm Establishment Jobs down 140,000 to 142,624,000
Total Private Jobs down 95,000 to 121,223,000
Total Government Employment down 45,000 to 21,401 Note
Civilian Non-Institutional Population up 145,000 to 261,230,000
Civilian Labor Force up 31,000 to 160,567,000
Employed up 98,000 to 149,830,000
Employed Men up 214,000 to 79,481,000
Employed Women down 192,000 to 70,350,000
Unemployed up 8,000 to 10,736,000
Not in the Labor Force up 115,000 to 100,663,000
Unemployment Rate stayed the same at 6.7% or 10,736/160,567
Labor Force Participation Rate stayed the same 61.5%, or 160,567/261,230
Prices and inflation measured by the Consumer Price Index (CPI) for all Urban Consumers was up by a monthly average of 2.3 percent for 2019.
The CPI December report for the 12 months ending with November shows the
CPI for All Items was up 1.2%
CPI for Food and Beverages was up 3.7%
CPI for Housing was up 2.0%
CPI for Apparel was down 5.2%
CPI for Transportation including gasoline was down 3.3%
CPI for Medical Care was up 2.4%
CPI for Recreation was up 1.3%
CPI for Education was up 1.3%
CPI for Communication was up 2.4%
This Month’s Establishment Jobs Press Report
The Bureau of Labor Statistics published its January report for jobs in December. Only 31 thousand entered the labor force with barely 21 thousand finding employment and the rest adding to the unemployed. December was a very quiet month where those not in the labor force increased 115 thousand. Both the unemployment rate and labor force participation rate remained the same, 6.7 percent and 61.5 percent respectively. Employed men increased by 214 thousand while employed women dropped 192 thousand.
The seasonally adjusted total of establishment employment was down 140 thousand for December. The decrease was 188 thousand fewer jobs in the private service sector combined with a 93 thousand increase in jobs from goods production. The total of 95 thousand jobs lost in the private sector combined with a decrease of 45 thousand government service jobs accounts for the total increase.
Goods production picked up 93 thousand jobs with all three subsectors adding jobs, but nearly twice the increase of last month. Natural resources added 4 thousand jobs while construction picked up 51 thousand jobs for December. Manufacturing added 38 thousand jobs, more than last month. Durable goods had a net of 25 thousand new jobs with motor vehicles and parts adding 6.7 thousand of the jobs; non-durable goods added 13 thousand jobs with food processing accounting for 5.5 thousand of the jobs.
Government service employment decreased 45 thousand jobs, less than the last two months of decline. The Federal government added 6 thousand of jobs while state and local government lost a total of 51 thousand jobs. Local government hit by the pandemic lost 31.5 thousand jobs, although losses were not many in the local public schools, down only 500 jobs. State government education, mostly college and universities, also hit hard with the pandemic lost almost 20 thousand jobs. Private education was down 62.5 thousand, which added to the public education losses that brought a loss of 83 thousand education jobs.
Trade, transportation and utilities took first place among sub sector job gains for December with 191 thousand new jobs, a little better than last month. Both wholesale and retail trade had gains with a combined gain of 145.6 thousand jobs. Sector job gains came in transportation and warehousing with 7.3 thousand jobs in truck transportation. Couriers and messenger employment was up 37.2 thousand as delivery services continue to flourish and warehousing and storage up 8.2 thousand jobs.
Business and professional services added 161 thousand jobs, way up from last month. Professional and technical services gained 52.5 thousand jobs and management of companies dropped another 10.7 thousand jobs. Administrative and support services including waste management added 97.4 thousand jobs. To the total. Among the professional and technical services computer design and related services did the best with 20.3 thousand more jobs after last month’s decline. Administrative support employment services had 88.4 thousand of the jobs in employment services along with small gains and losses in other support services.
Health care did badly adding only 32 thousand jobs, less than the last three months and another bad sign for recovery. Ambulatory care added only 20.1 thousand jobs; hospitals had 31.5 thousand more jobs accounting for the biggest share of health care gains but offset by job losses in nursing and residential care facilities, down 13.4 thousand jobs, and social assistance services down 6.8 thousand jobs. Individual and family services were down 7 thousand jobs offset by small gains in child care services. The 15-year growth rate for health care now stands at a much lower 1.90 percent way down as a result of pandemic job losses.
Leisure and Hospitality dropped 498 thousand jobs, as outdoor dining and travel cut backs in the pandemic take a severe toll on employment. The total job decline from December a year ago increased to 3.825 million jobs. Arts, entertainment and recreation lost 102.6 thousand jobs, about the same as last month with 91.6 thousand of the jobs lost in amusements, gambling and recreation. Restaurants were off 372 thousand jobs due to winter and the Pandemic. Restaurants remain 2.354.2 million jobs below December a year ago. Accommodations dropped 23.6 thousand jobs for December, an industry also reeling from the pandemic.
Information services dropped a thousand jobs and remains 257 thousand jobs below December a year ago. Financial activities picked up 12 thousand jobs, down a little from last month. Gains were about evenly split between finance and insurance with 6.9 thousand of the jobs and real estate and rental and leasing with 4.8 thousand new jobs. Financial activities remain 7.1 thousand jobs below December a year ago. The category, other jobs, lost 22 thousand jobs, way down from last month. Personal and laundry services lost 12.4 thousand of the jobs.
The job total for establishment employment is 142.624 million below the December 2019 total of 151.998 million jobs or 9.374 million jobs below a year ago. All industry subsectors without exception remain below their employment from a year ago. Couriers and messengers with 37.4 thousand new jobs continues to add pandemic related jobs, but couriers and messengers will not lead a job recovery. Health care had its smallest increase in jobs for any month going back well before the Pandemic. The loss of almost a half million jobs in leisure and hospitality and 372 thousand of them at restaurants shows clearly how unbalanced the hardship is for the working class as goods production and wholesale and retail trade hold on, but even these sectors will be below their pre-pandemic totals for at least several years.
Non Farm Total -140
The Bureau of Labor Statistics (BLS) reported Non-Farm employment for establishments decreased from November by 140 thousand jobs for a(n) December total of 142.624 million. (Note 1 below) A decrease of 140 thousand each month for the next 12 months represents an annual growth rate of -1.18%. The annual growth rate from a year ago beginning December 2019 was –6.17%; the average annual growth rate from 5 years ago beginning December 2015 was -.07%; from 15 years ago beginning December 2005 it was +.36%. America needs growth around 1.5 percent a year to keep itself employed.
Sector breakdown for 12 Sectors in 000’s of jobs
1. Natural Resources +4
Natural Resources jobs including logging and mining were up 4 thousand from November at 630 thousand jobs in December. An increase of 4 thousand jobs each month for the next 12 months would be an annual growth rate of +7.67 percent. Natural resource jobs are down 85 thousand for the 12 months just ended. Jobs in the 1990’s totaled around 770 thousand. Job growth here will be small compared to America’s job needs. This is the smallest of 12 major sectors of the economy with .44 percent of establishment jobs.
2. Construction +15
Construction jobs were up 15 thousand from November with 7.413 million jobs in December. An increase of 15 thousand jobs each month for the next 12 months would be an annual growth rate of +8.31 percent. Construction jobs are down 142 thousand for the 12 months just ended. The growth rate for the last 5 years is +2.36%. Construction jobs rank 9th among the 12 sectors with 5.2 percent of non-farm employment.
3. Manufacturing +38
Manufacturing jobs were up 38 thousand from November with 12.309 million jobs in December. An increase of 38 thousand jobs each month for the next 12 months would be an annual growth rate of +3.72 percent. Manufacturing jobs were down for the last 12 months by 557 thousand. The growth rate for the last 5 years is -.02%; for the last 15 years by -.94%. In 1994, manufacturing ranks 6th among 12 major sectors in the economy with 8.7 percent of establishment jobs.
4. Trade, Transportation & Utility +191
Trade, both wholesale and retail, transportation and utility employment were up 191 thousand from November with 27.071 million jobs in December. An increase of 191 thousand jobs each month for the next 12 months would be an annual growth rate of +8.53 percent. Jobs are down by 738 thousand for the last 12 months. Growth rates for the last 5 years are -.03 percent. Jobs in these sectors rank first as the biggest sectors with combined employment of 18.7 percent of total establishment employment.
5. Information Services -1
Information Services jobs were down 1 thousand from November at 2.626 million jobs in December. A decrease of 1 thousand jobs each month for the next 12 months would be an annual growth rate of -.46 percent (Note 2 below) Jobs are down by 257 thousand for the last 12 months. Information jobs reached 3.7 million at the end of 2000, but started dropping, reaching 3 million by 2004 and has continued in slow decline for the last decade. Information Services is a small sector ranking 11th of 12 with 1.8 percent of establishment jobs.
6. Financial Activities +12
Financial Activities jobs were up 12 thousand from November at 8.743 million in December. An increase of 12 thousand each month for the next 12 months would be an annual growth rate of +1.65 percent. Jobs are down 71 thousand for the last 12 months. (Note 3 below) This sector also includes real estate as well as real estate lending. Financial Services has been growing slowly with many months of negative growth. The long term growth rates are now at a 5 year growth rate of +1.32 percent, and a 15 year growth rate of +.36 percent. Financial activities rank 8th of 12 with 6.2 percent of establishment jobs.
7. Business & Professional Services +161
Business and Professional Service jobs went up 161 thousand from November to 20.443 million in November. An increase of 161 thousand each month for the next 12 months would be an annual growth rate of 9.41 percent. Jobs are down 811 thousand for the last 12 months. Note 4 The annual growth rate for the last 5 years was +.70 percent. It ranks as 2nd among the 12 sectors now. It was 2nd in May 1993, when manufacturing was bigger and second rank now with 14.3 percent of establishment employment.
8. Education including public and private -83
Education jobs went down 83 thousand jobs from November at 12.879 million in December. These include public and private education. A decrease of 83 thousand jobs each month for the next 12 months would be an annual growth rate of -7.66 percent. Jobs are down 1,452 thousand for the last 12 months. (note 5) The 15 year growth rate equals -.08 percent, slower than the national average. Education ranks 4th among 12 sectors with 9.6 percent of establishment jobs.
9. Health Care +32
Health care jobs were up 32 thousand from November to 19.914 million in December. An increase of 32 thousand each month for the next 12 months would be an annual growth rate of +1.93 percent. Jobs are down 740 thousand for the last 12 months. (note 6) The current month has not recovered health care job growth. The health care long term 15 year growth rate dropped from +2.31 percent to +1.90 percent from this month’s jobs. Health care ranks 3rd of 12 with 14.0 percent of establishment jobs.
10. Leisure and hospitality -498
Leisure and hospitality jobs went down 498 thousand from November to 12.959 million in December. A decrease of 498 thousand each month for the next 12 months would be an annual growth rate of -44.71 percent. Jobs are down 3,825 thousand for the last 12 months. (note 7) The 5 year growth rate is –3.32%. More than 80 percent of leisure and hospitality are accommodations and restaurants assuring that most of the new jobs are in restaurants. Leisure and hospitality ranks 7th of 12 with 9.0 percent of establishment jobs. It moved up to 7th from 4th in the pandemic decline.
11. Other -22
Other Service jobs, which include repair, maintenance, personal services and non-profit organizations went down 22 thousand from November to 5.488 million in December. A decrease of 22 thousand each month for the next 12 months would be an annual growth rate of -4.79 percent. Jobs are down 437 thousand for the last 12 months. (note 8) Other services had +.10 percent growth for the last 15 years. These sectors rank 10th of 12 with 3.8 percent of total non-farm establishment jobs.
12. Government, excluding education -25
Government service employment went down 25 thousand from October
at 11.901 million jobs in November. A decrease of 25 thousand each month for
the next 12 months would be an annual growth rate of -2.49 percent. Jobs are
down 258 thousand for the last 12 months. (note
9) Government jobs excluding education tend to increase slowly with a
15 year growth rate of
+.11 percent. Government, excluding education, ranks 7th of 12 with 8.4 percent of total non-farm establishment jobs.
(1) The total cited above is non-farm establishment employment that counts jobs and not people. If one person has two jobs then two jobs are counted. It excludes agricultural employment and the self employed. Out of a total of people employed agricultural employment typically has about 1.5 percent, the self employed about 6.8 percent, the rest make up wage and salary employment. Jobs and people employed are close to the same, but not identical numbers because jobs are not the same as people employed: some hold two jobs. Remember all these totals are jobs. back
(2) Information Services is part of the new North American Industry Classification System(NAICS). It includes firms or establishments in publishing, motion picture & sound recording, broadcasting, Internet publishing and broadcasting, telecommunications, ISPs, web search portals, data processing, libraries, archives and a few others.back
(3) Financial Activities includes deposit and non-deposit credit firms, most of which are still known as banks, savings and loan and credit unions, but also real estate firms and general and commercial rental and leasing.back
(4) Business and Professional services includes the professional areas such as legal services, architecture, engineering, computing, advertising and supporting services including office services, facilities support, services to buildings, security services, employment agencies and so on.back
(5) Education includes private and public education. Therefore education job totals include public schools and colleges as well as private schools and colleges. back
(6) Health care includes ambulatory care, private hospitals, nursing and residential care, and social services including child care. back
(7) Leisure and hospitality has establishment with arts, entertainment and recreation which has performing arts, spectator sports, gambling, fitness centers and others, which are the leisure part. The hospitality part has accommodations, motels, hotels, RV parks, and full service and fast food restaurants. back
(8) Other is a smorgasbord of repair and maintenance services, especially car repair, personal services and non-profit services of organizations like foundations, social advocacy and civic groups, and business, professional, labor unions, political groups and political parties. back
(9) Government job totals include federal, state, and local government administrative work but without education jobs. back
Jobs are not the same as employment because jobs are counted once but one person could have two jobs adding one to employment but two to jobs. Also the employment numbers include agricultural workers, the self employed, unpaid family workers, household workers and those on unpaid leave. Jobs are establishment jobs and non-other. back