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 August 1, 2014.
American Job Market The Chronicle
Current Job and Employment Data
Total Non-Farm Establishment Jobs up 209,000 to 139,004,000
Total Private Jobs up 198,000 to 117,082,000
Total Government Employment up 11,000 to 21,922,000
Civilian Non-Institutional Population up 209,000 to 248,023,000
Civilian Labor Force up 329,000 to 156,023,000
Employed up 131,000 to 146,352,000
Employed Men up 213,000 to 77,866,000
Employed Women down 82,000 to 68,486,000
Unemployed up 197,000 to 9,671,000
Not in the Labor Force down 119,000 to 92,001,000
Unemployment Rate up .1 to 6.2%, or 9,671/156,023
Labor Force Participation Rate up .1% to 62.9%, or 156,023 /248,023
Prices and inflation measured by the Consumer Price Index (CPI) for all Urban Consumers was down 1.46 percent for 2013.
The August CPI report for the 12 months ending with July, shows the
CPI for All Items was up 2.0%
CPI for Food and Beverages was up 2.4%
CPI for Housing was up 2.7%
CPI for Apparel was up .3%
CPI for Transportation including gasoline was up .9%
CPI for Medical Care was up 2.6%
CPI for Recreation was up .2%
CPI for Education was up 3.3%
CPI for Communication was 0.0%
This Month's Establishment Jobs Press Report
THE INCREASE DECREASED, ESPECIALLY FOR SERVICES
The Bureau of Labor Statistics published its August report of jobs in July. The civilian labor force was up 329 thousand from normal population growth and 119 thousand more people who entered the labor force to look for jobs. Unfortunately only 131 thousand found employment while the remainder of 197 thousand stayed unemployed and increased the total unemployed to 9.7 million. The higher number of unemployed raised the unemployed enough to increase the unemployment rate by .1 percent to 6.2 percent.
The seasonally adjusted total of establishment jobs was up 209 thousand for July, a smaller increase than last month. The increase was 140 thousand more private sector service jobs combined with an increase of 58 thousand goods production jobs and 11 thousand more government service jobs.
The goods production sectors increased 58 thousand for July, more than double the increase from last month. The one year growth rate for goods-production is up to 2.34 percent, above the growth rate for non-farm employment. Manufacturing picked up 28 thousand new jobs, although 19.4 thousand of them came in transportation equipment. The increase was not broad-based across all manufacturing. Construction was up but 22 thousand jobs, more than last month, but the 5-year growth rate remains only .36 percent. Natural resources added a net of 8 thousand jobs, mostly in support activities for mining.
Government was up 11 thousand jobs for July with 12 thousand new jobs in local government and only 2.1 thousand of that from new jobs in local education. The Federal government remained unchanged and state government dropped a net of a thousand jobs because of a loss of jobs in state education. Private education dropped 8 thousand jobs for a net decline of 9 thousand jobs in education, the only service to lose jobs.
Professional and business services took first place for July job gains with 47 thousand new jobs, down from June when it took second place. Professional and technical services had more new jobs than administrative and support services, which is not usually the case. Four professional services added a combined 20.6 thousand jobs: accounting and bookkeeping services, architecture and engineering services, computer design and related services and management and technical consulting all added jobs for July. Legal services continue to lag behind with a small loss of a few hundred jobs. Administrative and support service jobs were up 16.1 thousand, less than half of last month with most of the new jobs at employment services.
Trade, transportation and utilities took second place for July with 39 thousand new jobs. Retail had most of the new jobs, 26.7 thousand; clothing stores had the biggest retail gain with 6.9 thousand new jobs, Transportation added 7.9 thousand, but only 2.2 thousand jobs in modal transportation and all of that in truck transportation.
Health care had a net gain of 25 thousand jobs. Ambulatory care led the way with 21.3 thousand jobs, social services including childcare added another 18.4 thousand jobs, but these gains were offset by a decline in hospital and nursing care employment. This month's growth rate in health employment of 1.69 percent fell below the 15-year growth rate of 2.42 percent.
Leisure and hospitality was up again but only by 21 thousand jobs. Food services and restaurants had 18.6 thousand of the jobs. Small gains in arts, entertainment and recreation rounded out the increase; accommodations had no new jobs.
Information services added 2 thousand jobs; it often loses jobs. Data procession, hosting and Internet services had 3.7 thousand new jobs offset by losses in motion picture and sound recording services and publishing. Financial activities were up a net of 7 thousand. The increase was at insurance carriers and securities and investment services. Banking and securities traders continued in decline to offset the other gains.
The catchall, other, had a net increase of 7 thousand jobs. Personal services were up 5.0 thousand jobs; non-profit associations were up another 2.7 thousand jobs offset by small losses in repair and maintenance services.
The July increase of 209 thousand jobs lowered last month's growth rate to 1.81 percent. Goods production has started to create more jobs month to month, but service increases lagged this month. The year over year increase for July was almost 2.6 million jobs and year over year increases are showing a steady total of over 2 million jobs a year. The decrease in the increase of new jobs this month makes next month harder to call. August needs more than 209 thousand new jobs to restore the upward trend.
Non Farm Total +209
The Bureau of Labor Statistics (BLS) reported Non-Farm employment for establishments increased from June by 209 thousand jobs for a(n) July total of 139.004 million. (Note 1 below) An increase of 209 thousand each month for the next 12 months represents an annual growth rate of 1.81%. The annual growth rate from a year ago beginning July 2013 was +1.88%; the average annual growth rate from 5 years ago beginning July 2009 was +1.25%; from 15 years ago beginning July 1999 it was .48%. 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 +8
Natural Resources including logging and mining were up 8 thousand from June at 916 thousand jobs in July. An increase of 8 thousand jobs each month for the next 12 months would be an annual growth rate of +10.57 percent. Natural resource jobs are up 49 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 .7 percent of establishment jobs.
2. Construction +22
Construction jobs were up 22 thousand from June at 6.041 million jobs in July. An increase of 22 thousand jobs each month for the next 12 months would be an annual growth rate of +4.39 percent. Construction jobs are up 211 thousand for the last 12 months. The growth rate for the last 5 years is +.36%. Construction jobs rank 9th among the 12 sectors with 4.3 percent of non farm employment.
3. Manufacturing +28
Manufacturing jobs were up 28 thousand from June at 12.160 million jobs in July. An increase of 28 thousand jobs each month for the next 12 months would be an annual growth rate of +2.77 percent. Manufacturing jobs were up for the last 12 months by 178 thousand. The growth rate for the last 5 years is +.83%. In 1994, manufacturing ranked 2nd but now ranks 6th among 12 major sectors in the economy with 8.7 percent of establishment jobs.
4. Trade, Transportation & Utility +39
Trade, both wholesale and retail, transportation and utility employment was up by 39 thousand jobs from June to 26.438 million jobs in July. These jobs tend to increase at a slower rate than the total of non-farm jobs, but an increase of 39 thousand each month for the next 12 months would be an annual growth rate of +1.77 percent. Jobs are up by 576 thousand for the last 12 months. Growth rates for the last 5 years are +1.27 percent. Jobs in these sectors rank first as the biggest sectors with combined employment of 19.0 percent of total establishment employment.
5. Information Services +2
Information Services employment were up by 2 from June to 2.666 million jobs in July. An increase of 2 thousand each month for the next 12 months would be an annual growth rate of +.90 percent. (Note 2 below) Jobs are down by 31 thousand for the last 12 months. Monthly employment in information services gyrates month to month and has been doing so for over a decade. Information jobs reached 3.7 million at the end of 2000, but started dropping, reaching 3 million by 2004 and continues below 2.7 million now. Information Services is a small sector ranking 11th of 12 with 1.9 percent of establishment jobs.
6. Financial Activities +7
Financial Activities were up 7 thousand jobs from June to 7.951 million in July. An increase of 7 thousand each month for the next 12 months would be an annual growth rate of +1.06 percent. Jobs are up 50 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 declining with negative annual growth rates, a 5 year growth rate of +.37 percent, and a 15 year growth rate of
+.15 percent. Financial activities rank 8 of 12 with 5.7 percent of establishment jobs.
7. Business & Professional Services +47
Business and Professional Service jobs went up 47 thousand from June to 19.269 million in July. An increase of 47 thousand each month for the next 12 months would be an annual growth rate of +2.93 percent. Jobs are up 648 thousand for the last 12 months. Note 4 The annual growth rate for the last 5 years was 3.26 percent. It ranks as 2nd among the 12 sectors. It was third in May 1993, when manufacturing was bigger and second rank now with 13.9 percent of establishment employment.
8. Education including public and private -9
Education jobs went down 9 thousand jobs from June at 13.613 million in July. These include public and private education. A decrease of 9 thousand each month for the next 12 months would be an annual growth rate of -.78 percent. Jobs are up 107 thousand for the last 12 months. (note 5) The 15 year growth rate equals 1.18 percent, faster than the national average. Education ranks 4th among 12 sectors with 9.8 percent of establishment jobs.
9. Health Care +25
Health care jobs were up 25 thousand from June to 18.089 million in July. An increase of 25 thousand each month for the next 12 months would be an annual growth rate of +1.69 percent. Jobs are up 336 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 +1.89 percent. Health care has been growing at +2.42 percent annual growth rate for 15 years, a rate not quite double the national rate. Health care ranks 3rd of 12 with 13.0 percent of establishment jobs.
10. Leisure and hospitality +21
Leisure and hospitality jobs went up 21 thousand from June to 14.647 million in July. An increase of 21 thousand each month for the next 12 months would be an annual growth rate of +1.72 percent. Jobs are up 375 thousand for the last 12 months. (note 7) The 5 year growth rate is 2.29%. 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 10.6 percent of establishment jobs. It moved up from 7th in the 1990's to 5th in the last few years.
11. Other +7
Other Service jobs, which include repair, maintenance, personal services and non-profit organizations went up 7 thousand from June to 5.511 million in July. An increase of 7 thousand each month for the next 12 months would be an annual growth rate of +1.53 percent. Jobs are up 48 thousand for the last 12 months. (note 8) Other services had +.53 percent growth for the last 5 years. These sectors rank 10th of 12 with 4.0 percent of total non-farm establishment jobs.
12. Government, excluding education +13
Government service employment was up 13 thousand jobs from June to 11.703 million in July. An increase of 13 thousand each month for the next 12 months would be an annual growth rate of +1.3 percent. Jobs are up 25 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 .27 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