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.
This month's job and employment summary data are below. This month's inflation data is below.
The Establishment Job Report and Establishment Job Details for data released October 5, 2018.
American Job Market The Chronicle
Current Job and Employment Data
Total Non-Farm Establishment Jobs up 134,000 to 149,500,000
Total Private Jobs up 121,000 to 127,094,000
Total Government Employment up 13,000 to 22,406,000
Civilian Non-Institutional Population up 224,000 to 258,290,000
Civilian Labor Force up 150,000 to 161,926,000
Employed up 420,000 to 155,962,000
Employed Men up 100,000 to 82,645,000
Employed Women up 320,000 to 73,317,000
Unemployed down 270,000 to 5,964,000
Not in the Labor Force up 74,000 to 96,364,000
Unemployment Rate decreased by .2 percent to 3.7% or 5,964/161,926
Labor Force Participation Rate stayed the same at 62.7%, or 161,926/258,290
Prices and inflation measured by the Consumer Price Index (CPI) for all Urban Consumers was up by a monthly average of 2.13 percent for 2017.
The September CPI report for the 12 months ending with August, shows the
CPI for All Items was up 2.7%
CPI for Food and Beverages was up 1.4%
CPI for Housing was up 2.9%
CPI for Apparel was down 1.4%
CPI for Transportation including gasoline was up 6.4%
CPI for Medical Care was up 1.5%
CPI for Recreation was up .1%
CPI for Education was up 2.7%
CPI for Communication was down .04%
This Month's Establishment Jobs Press Report
AN ODD MONTH FOR SERVICES
The Bureau of Labor Statistics published its October report for jobs in September. The employed increased by 420 thousand mostly from a decline in the unemployed by 270 thousand and additionally from an increase in the labor force of 150 thousand. About two thirds of the monthly population growth entered the labor force. The big increase in the employed and a decrease in the unemployed reinforced a decline in the unemployment rate, down .2 percent to 3.7 percent. The labor force participation rate continued at 62.7 percent.
The seasonally adjusted total of establishment employment was up 134 thousand for September. The increase was 75 thousand more jobs in the private service sector combined with a 46 thousand increase in jobs from goods production. The total of 121 thousand more private sector jobs combined with a increase of 13 thousand government service jobs accounts for the total increase.
The three goods production sub sectors had 46 thousand new jobs with job gains in all three sub sectors. Natural resources had 5 thousand more jobs after a month of decline. Mining job losses were offset by a 6 thousand job gain in support activities for mining. Construction added 23 thousand jobs that included 15.5 thousand more jobs in specialty trade contractors and 7.1 thousand new jobs in heavy and civil engineering construction. Both changes were very similar to last month. Manufacturing reversed last month's loss with an increase of 18 thousand jobs for September. Durable goods accounted for 17 thousand of the jobs; 1 thousand new jobs for non-durable goods. Among durable goods fabricated metal products, machinery and computer and electronic products had the biggest gains after last month's small losses in machinery, computer and electronic products.
Government service employment was up a net of 13 thousand jobs for September. The state government dominated government job increases with 22 thousand more jobs. The federal government was off a thousand jobs while local government employment also dropped eight thousand jobs. Gains in state public education accounted for 21.2 thousand of the state jobs. Otherwise local government education was down a thousand jobs, as was private education, down 12 thousand jobs. Combined public and private education was just over 8.2 thousand new jobs.
Professional and business services took first place for a third month for new private sector jobs in September with 54 thousand more jobs. The professional and technical service sub sector added 18.9 thousand of the jobs. Management of companies added another 2.9 thousand while administration and support services including waste management added another 31.9 thousand jobs, up from last month.
Among professional and technical services management and technical consulting services added 6.6 thousand jobs; computer systems and related services added another 4.8 thousand jobs, more than last month. The administrative and support services job gains totaled 31.9 thousand jobs, employment services had 17.7 thousand of the jobs; services to buildings and dwellings another 6.7 thousand.
Health care added 29.8 thousand new jobs in September with job gains in all four sub sectors, but still not a good month for health care jobs. The growth rate in health care employment this month was 1.79 percent, below the long-term trend of 2.31 percent. Ambulatory care added 10.3 thousand of the new jobs, way down from last month; hospital jobs added 12 thousand, a bright spot for health care. Nursing and residential care added 3.4 thousand after remaining the same last month; social assistance added 4.1 thousand new jobs for September, a small increase because childcare services were down 3.5 thousand jobs.
Trade, transportation and utilities had an erratic month of changes that left a net of 8 thousand new jobs in September. Wholesale trade had a modest gain of 4.4 thousand jobs after last month's bigger increase, but retail trade was off again, down 20 thousand jobs. Transportation and warehousing made up for these losses with 23.8 thousand new jobs, up from last month. Significant job gains came in four sub sectors: truck transportation, 4.9 thousand jobs, rail and ground passenger transportation, 5.4 thousand jobs, courier and messenger services, 5.1 thousand jobs, and warehousing and storage services, 8.4 thousand jobs. Little other changed for transportation.
Leisure and hospitality had a rare drop in jobs for September, down 17 thousand jobs. The arts, entertainment and recreation sub sector increased by 6.3 thousand jobs with the biggest gain in performing arts and spectator sports, up 7.5 thousand jobs, set against small losses for amusements, gambling and recreation. Accommodation lost 4.7 thousand jobs; restaurants lost another of 18.5 thousand jobs, well down from last month and below normal job gains. Leisure and hospitality typically accounts for 12 to 15 percent of annual new jobs and so it is quite unusual to have months of job losses as the case is lately.
Information services had no gain for September, better than last month's loss. Financial activities picked up 13 thousand jobs with almost all the new jobs in real estate and rental leasing, up 12.9 thousand jobs. The category, other services, was also off a net of a thousand jobs after last month's increase. Personal and laundry services picked up 4.2 thousand jobs; non-profit associations dropped 6.9 thousand more jobs, a bigger loss than last month.
Establishment employment in September increased by 134 thousand to 148.500 million at a 1.08 percent annual growth rate, down from last month and lower than several recent months. Good production did well but the private service sector had an off month. Health care and business and professional services did the best and they have many well paid professional jobs, although the health care increase was below long term trends. The total job increase for the remaining 7 service sub sector jobs was only 5 thousand out of 134 thousand new jobs for September. On the whole a weak month.
Non Farm Total +134
The Bureau of Labor Statistics (BLS) reported Non-Farm employment for establishments increased from August by 134 thousand jobs for a(n) September total of 149.500 million. (Note 1 below) An increase of 134 thousand each month for the next 12 months represents an annual growth rate of +1.08%. The annual growth rate from a year ago beginning September 2017 was +1.73%; the average annual growth rate from 5 years ago beginning September 2013 was +1.78%; from 15 years ago beginning September 2003 it was .92%. 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 +5
Natural Resources jobs including logging and mining were up 5 thousand from August at 751 thousand jobs in September. An increase of 5 thousand jobs each month for the next 12 months would be an annual growth rate of +8.04 percent. Natural resource jobs are up 61 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 .5 percent of establishment jobs.
2. Construction +23
Construction jobs were up 23 thousand from August with 7.286 million jobs in September. An increase of 23 thousand jobs each month for the next 12 months would be an annual growth rate of +3.80 percent. Construction jobs are up 315 thousand for the 12 months just ended. The growth rate for the last 5 years is +4.31%. Construction jobs rank 9th among the 12 sectors with 4.9 percent of non-farm employment.
3. Manufacturing +18
Manufacturing jobs were up 18 thousand from August with 12.747 million jobs in September. An increase of 18 thousand jobs each month for the next 12 months would be an annual growth rate of +1.74 percent. Manufacturing jobs were up for the last 12 months by 278 thousand. The growth rate for the last 5 years is +1.17%; for the last 15 years by -.79%. In 1994, manufacturing ranked 2nd but now ranks 6th among 12 major sectors in the economy with 8.5 percent of establishment jobs.
4. Trade, Transportation & Utility +8
Trade, both wholesale and retail, transportation and utility employment was up 8 thousand from August at 27.845 million jobs in September. An increase of 8 thousand each month for the next 12 months would be an annual growth rate of +.34 percent. Jobs are up by 320 thousand for the last 12 months. Growth rates for the last 5 years are +1.40 percent. Jobs in these sectors rank first as the biggest sectors with combined employment of 18.6 percent of total establishment employment.
5. Information Services +0
Information Services employment had no change from August at 2.767 million jobs in September. A change of 0 thousand each month for the next 12 months would be an annual growth rate of 0.0 percent. (Note 2 below) Jobs are down by 17 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, but has stayed in the 2.7 million range for a decade. Information Services is a small sector ranking 11th of 12 with 1.9 percent of establishment jobs.
6. Financial Activities +13
Financial Activities jobs were up 13 thousand from August at 8.603 million in September. An increase of 13 thousand each month for the next 12 months would be an annual growth rate of +1.82 percent. Jobs are up 118 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 +1.71 percent, and a 15 year growth rate of +.40 percent. Financial activities rank 8 of 12 with 5.8 percent of establishment jobs.
7. Business & Professional Services +54
Business and Professional Service jobs went up 54 thousand from August to 21.130 million in September. An increase of 54 thousand each month for the next 12 months would be an annual growth rate of +3.07 percent. Jobs are up 560 thousand for the last 12 months. Note 4 The annual growth rate for the last 5 years was 2.54 percent. It ranks as 2nd among the 12 sectors now. It was third in May 1993, when manufacturing was bigger and second rank now with 14.1 percent of establishment employment.
8. Education including public and private +8
Education jobs went down 8 thousand jobs from August at 14.222 million in September. These include public and private education. An increase of 8 thousand jobs each month for the next 12 months would be an annual growth rate of +.69 percent. Jobs are up 110 thousand for the last 12 months. (note 5) The 15 year growth rate equals +.81 percent, slower than the national average. Education ranks 4th among 12 sectors with 9.5 percent of establishment jobs.
9. Health Care +30
Health care jobs were up 30 thousand from August to 19.996 million in September. An increase of 30 thousand each month for the next 12 months would be an annual growth rate of +1.79 percent. Jobs are up 406 thousand for the last 12 months. (note 6) The current month was below long term trends and less than growth from a year ago when the annual growth rate was +2.07 percent. Health care has been growing at +2.31 percent annual rate for the last 15 years, a rate greater than the national rate. Health care ranks 3rd of 12 with 13.4 percent of establishment jobs.
10. Leisure and hospitality -17
Leisure and hospitality jobs went down -17 thousand from August to 16.342 million in September. A decrease of 17 thousand each month for the next 12 months would be an annual growth rate of -1.25 percent. Jobs are up 296 thousand for the last 12 months. (note 7) The 5 year growth rate is 2.65%. 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 4th of 12 with 11.0 percent of establishment jobs. It moved up from 7th in the 1990's to 5th in the last few years.
11. Other -1
Other Service jobs, which include repair, maintenance, personal services and non-profit organizations went down 1 thousand from August to 5.873 million jobs in September. A decrease of 1 thousand each month for the next 12 months would be an annual growth rate of -.20 percent. Jobs are up 84 thousand for the last 12 months. (note 8) Other services had +.56 percent growth for the last 15 years. These sectors rank 10th of 12 with 3.9 percent of total non-farm establishment jobs.
12. Government, excluding education -6
Government service employment was down 6 thousand from August to 11.940 million jobs in September. A decrease of 6 thousand each month for the next 12 months would be an annual growth rate of -.20 percent. Jobs are up 8 thousand for the last 12 months. (note 9) Government jobs excluding education tend to increase slowly but surely with a 15 year growth rate of +.20 percent. Government, excluding education, ranks 7th of 12 with 8.0 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