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 3, 2018.
American Job Market The Chronicle
Current Job and Employment Data
Total Non-Farm Establishment Jobs up 157,000 to 149,128,000
Total Private Jobs up 170,000 to 126,794,000
Total Government Employment down 13,000 to 22,334,000
Civilian Non-Institutional Population up 201,000 to 257,843,000
Civilian Labor Force up 105,000 to 162,245,000
Employed up 389,000 to 155,965,000
Employed Men up 162,000 to 82,684,000
Employed Women up 277,000 to 73,281,000
Unemployed down 284,000 to 6,280,000
Not in the Labor Force up 96,000 to 95,598,000
Unemployment Rate decreased by .1 percent to 3.9% or 6,280/162,245
Labor Force Participation Rate stayed the same at 62.9%, or 162,245/257,843
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 July CPI report for the 12 months ending with June, shows the
CPI for All Items was up 2.9%
CPI for Food and Beverages was up 1.5%
CPI for Housing was up 2.8%
CPI for Apparel was up .6%
CPI for Transportation including gasoline was up 6.7%
CPI for Medical Care was up 2.5%
CPI for Recreation was up .5%
CPI for Education was up 2.0%
CPI for Communication was down .3%
This Month's Establishment Jobs Press Report
A MODEST GAIN
The Bureau of Labor Statistics published its August report for jobs in July. The employed jumped 389 thousand as a result of normal population growth and a drop in the unemployed of 284 thousand. The thousands that entered the labor force last month found work this month. The big increase in the employed and decrease in the unemployed reinforced a drop in the unemployment rate, down .1 percent, to 3.9 percent. The labor force participation rate remained unchanged at 62.9 percent.
The seasonally adjusted total of establishment employment was up 157 thousand for July. The increase was 118 thousand more jobs in the private service sector combined with a 52 thousand increase in jobs from goods production. The total of 170 thousand more private sector jobs combined with a decrease of 13 thousand government service jobs accounts for the total increase.
The three goods production sub sectors had 52 thousand new jobs. Natural resources lost jobs after three months of increase. The July mining losses were offset by a small gain in lumbering for a net loss of 4 thousand jobs. Construction added 19 thousand jobs that included 4.4 thousand new jobs in construction to buildings and another 14.2 thousand jobs in specialty trade contractors.
Manufacturing had 37 thousand more jobs for July. Recent trends in manufacturing continue with 32 thousand of this month's job gain in durable goods but only 5 thousand new jobs in non-durable manufacturing. Durable goods had new jobs in fabricated metal products, machinery and motor vehicle manufacturing, up a combined 24 thousand jobs; non-durable goods jobs were confined to food manufacturing with 2.1 thousand new jobs, but very small change otherwise.
Government service employment was down a net of 13 thousand jobs for July. The federal government dropped 2.0 thousand jobs. Local government employment dropped 20 thousand more offset with a 5 thousand gain in state government jobs. Public education had a seasonally adjusted decrease of 9.7 thousand jobs as a result of a drop of 13.9 thousand local public education combined with a gain of 4.2 thousand state government education jobs. Private schools dropped a seasonally adjusted 10.8 thousand jobs for July. The combined decrease in public and private education was almost 21 thousand jobs, an unusually large decrease.
Professional and business services took first place for new private sector jobs for July with 51 thousand more jobs. The professional and technical service sub sector added 15.9 thousand of the jobs, down from last month's increase. Management of companies barely changed while administration and support services including waste management added another 34.9 thousand jobs.
Among professional and technical services computer design and related services added 8.3 thousand jobs, more than last month; architecture and engineering services added another 4.8 thousand jobs; legal services lost 2.1 thousand jobs after last month's unusual gain. Among administrative and support services, temporary help services added 27.9 thousand jobs. Investigation and security services had the second highest gain with 2.2 thousand more jobs along with small gains and losses in other administrative and support sub sectors.
Health care added 33.5 thousand new jobs in July, which is 13.37 percent of America's establishment jobs and gaining share month by month. Ambulatory care had 9.9 thousand of the new jobs; hospital jobs added another 6.8 thousand. Social assistance, especially individual and family services, added another 16.8 thousand new jobs for July, a relatively large increase. Nursing and residential care remained unchanged after last month's increase. The growth rate in health care employment this month was 2.10 percent, below the long-term trend of 2.31 percent.
Leisure and hospitality had 40 thousand new jobs, better than the last three months. The arts, entertainment and recreation sub sector added 6.1 thousand of the new jobs from job gains in all three sub sectors. Restaurants did better than recent months with 26.2 thousand more jobs. Accommodation had an unusually large increase with 7.6 thousand new jobs, a second month of good job gains in accommodation.
Trade, transportation and utilities had a modest recovery from last month with a July gain of 15.3 thousand jobs, still a small gain. Wholesale trade was up12.3 thousand jobs, but only 7.1 thousand new jobs in retail trade. Transportation and warehousing had a net loss with 1.3 thousand jobs where job gains in courier and messenger services and warehousing and storage mostly offset job losses in transit and ground transportation. Utilities were off 2.8 thousand jobs, a larger than usual change.
Information services remained the same for the second month in a row. Financial activities lost 5 thousand jobs, after gains for the last several months. Small job gains in real estate and rental services offset bigger losses in finance and insurance, down 9.4 thousand jobs. The category, other services, had an off month with a loss of 5 thousand jobs across all three sub sectors. Personal and laundry services had the biggest losses, down 2.8 thousand jobs, repair and maintenance service jobs were down 2.0 thousand jobs with non-profit associations down slightly.
Establishment employment in July increased by 157 thousand to 148.128 million at a 1.26 percent annual growth rate, down from last month. Tariffs continue to threaten job growth. Suggestions have surfaced in the business news that the manufacturing jobs derive from a bubble of sales before tariffs kick in. So far manufacturing employment has done well although confined to fabricated metal products, machinery and transportation equipment including motor vehicles and parts. In recent months an off month like this one was followed with a better month of job growth. We'll have to wait and see.
Non Farm Total +157
The Bureau of Labor Statistics (BLS) reported Non-Farm employment for establishments increased from June by 157 thousand jobs for a(n) July total of 149.128 million. (Note 1 below) An increase of 157 thousand each month for the next 12 months represents an annual growth rate of +1.26%. The annual growth rate from a year ago beginning July 2017 was +1.78%; the average annual growth rate from 5 years ago beginning July 2013 was +1.80%; from 15 years ago beginning July 2003 it was .91%. 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 down 4 thousand from June at 735 thousand jobs in July. A decrease of 4 thousand jobs each month for the next 12 months would be an annual growth rate of -6.50 percent. Natural resource jobs are up 53 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 +19
Construction jobs were up 19 thousand from June with 7.242 million jobs in July. An increase of 19 thousand jobs each month for the next 12 months would be an annual growth rate of +3.16 percent. Construction jobs are up 308 thousand for the 12 months just ended. The growth rate for the last 5 years is +4.34%. Construction jobs rank 9th among the 12 sectors with 4.9 percent of non-farm employment.
3. Manufacturing +37
Manufacturing jobs were up 37 thousand from June with 12.751 million jobs in July. An increase of 37 thousand jobs each month for the next 12 months would be an annual growth rate of +3.49 percent. Manufacturing jobs were up for the last 12 months by 327 thousand. The growth rate for the last 5 years is +1.25%; for the last 15 years by
-.81%. In 1994, manufacturing ranked 2nd but now ranks 6th among 12 major sectors in the economy with 8.6 percent of establishment jobs.
4. Trade, Transportation & Utility +15
Trade, both wholesale and retail, transportation and utility employment was up 15 thousand from June at 27.801 million jobs in July. An increase of 15 thousand each month for the next 12 months would be an annual growth rate of +.65 percent. Jobs are up by 331 thousand for the last 12 months. Growth rates for the last 5 years are +1.47 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 June at 2.772 million jobs in July. An increase of 0 thousand each month for the next 12 months would be an annual growth rate of +0.00 percent. (Note 2 below) Jobs are down by 21 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 -5
Financial Activities jobs were down 5 thousand from June at 8.568 million in July. A decrease of 5 thousand each month for the next 12 months would be an annual growth rate of -.70 percent. Jobs are up 106 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 +1.62 percent, and a 15 year growth rate of +.38 percent. Financial activities rank 8 of 12 with 5.8 percent of establishment jobs.
7. Business & Professional Services +51
Business and Professional Service jobs went up 51 thousand from June to 21.019 million in July. An increase of 51 thousand each month for the next 12 months would be an annual growth rate of +2.92 percent. Jobs are up 518 thousand for the last 12 months. Note 4 The annual growth rate for the last 5 years was 2.51 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 -21
Education jobs went down 21 thousand jobs from June at 14.122 million in July. These include public and private education. A decrease of 21 thousand jobs each month for the next 12 months would be an annual growth rate of -1.74 percent. Jobs are up 67 thousand for the last 12 months. (note 5) The 15 year growth rate equals +.70 percent, slower than the national average. Education ranks 4th among 12 sectors with 9.5 percent of establishment jobs.
9. Health Care +34
Health care jobs were up 34 thousand from June to 19.932 million in July. An increase of 34 thousand each month for the next 12 months would be an annual growth rate of +2.02 percent. Jobs are up 368 thousand for the last 12 months. (note 6) The current month was below long term trends but greater than growth from a year ago when the annual growth rate was +1.88 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 +40
Leisure and hospitality jobs went up 40 thousand from June to 16.371 million in July. An increase of 40 thousand each month for the next 12 months would be an annual growth rate of +2.94 percent. Jobs are up 254 thousand for the last 12 months. (note 7) The 5 year growth rate is 2.75%. 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 -5
Other Service jobs, which include repair, maintenance, personal services and non-profit organizations went down 5 thousand from June to 5.873 million jobs in July. A decrease of 5 thousand each month for the next 12 months would be an annual growth rate of -1.02 percent. Jobs are up 89 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 -3
Government service employment was down 3 thousand from June to 11.943 million jobs in July. A decrease of 3 thousand each month for the next 12 months would be an annual growth rate of -.29 percent. Jobs are remained the same for the last 12 months. (note 9) Government jobs excluding education tend to increase slowly but surely with a 15 year growth rate of +.19 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