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 up 916,000 to 144,120,000
Total Private Jobs up 780,000 to 122,507,000
Total Government Employment up 136,000 to 21,613 Note
Civilian Non-Institutional Population up 85,000 to 261,003,000
Civilian Labor Force up 347,000 to 160,558,000
Employed up 609,000 to 150,848,000
Employed Men up 15,000 to 79,681,000
Employed Women up 595,000 to 71,167,000
Unemployed down 262,000 to 9,710,000
Not in the Labor Force down 263,000 to 100,445,000
Unemployment Rate decreased by .2 % to 6.0% or 9,710/160,558
Labor Force Participation Rate increased by .1% to 61.5%, or 160,558/261,003
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 April report for the 12 months ending with March shows the
CPI for All Items was up 2.6%
CPI for Food and Beverages was up 3.4%
CPI for Housing was up 2.1%
CPI for Apparel was down 2.5%
CPI for Transportation including gasoline was up 5.8%
CPI for Medical Care was up 1.8%
CPI for Recreation was up 1.1%
CPI for Education was up .8%
CPI for Communication was up 2.1%
This Month’s Establishment Jobs Press Report
The Bureau of Labor Statistics published its April report for jobs in March. The employed increased by 609 thousand as a result of a 262 thousand decrease in the unemployed and with the addition of a big increase of people returning to the labor force and a small increase in population growth for people that also found jobs. Both the increase in the employed and a decrease in the unemployed reinforced a decrease in the unemployment rate. It was down .2 percent to 6.0 percent. The participation rate was up .1 percent to 61.5 percent.
The seasonally adjusted total of establishment employment was up 916 thousand for March. The increase was 597 thousand more jobs in the private service sector combined with a 183 thousand decrease in jobs from goods production. The total of 780 thousand jobs gained in the private sector combined with an increase of 136 thousand government service jobs accounts for the total increase.
Goods production jobs were up 183 thousand with job gains across all three sub sectors. Natural resources had 20 thousand new jobs, an unusually large gain after last month’s decrease. As well construction had an unusually large gain up 110 thousand jobs with gains in all sub sectors. Specialty trade contractors had the biggest gain of 65 thousand jobs. Heavy and engineering construction had 27.3 thousand more jobs. Manufacturing was up for February by 53 thousand jobs with durable goods up a net 30 thousand jobs with small declines in transportation equipment as the only subsector declines. Nondurable goods jobs were up a net 23 thousand jobs with increases in food and beverage processing and printing.
Government service employment increased 136 thousand jobs and unusually large increase after last month’s decline. The federal government had a small increase of 7 thousand jobs while state and local government had most of the increase: state government up 46 thousand job, local government up 83 thousand jobs. Almost all of the job gains came in education. State government education was up 49.6 thousand jobs and local government education was up 76 thousand jobs as schools started to reopen. Private schools also had an increase in employment with 64.4 thousand new jobs. The education job total increase was 190 thousand.
Leisure and Hospitality took first place among service sub sector job gains this month with a jump of 280 thousand jobs, although not as big as last month. Arts, entertainment and recreation had 64.4 thousand more jobs with 41.2 thousand of them in amusements, gambling and recreation. Restaurants had 175.8 thousand new jobs but still 1.172 million jobs below March a year ago. Accommodations was up 40.1 thousand jobs for March. The total job decline from a year ago for leisure and hospitality remains high at 2.352 million jobs, although it keeps decreasing.
Trade, transportation and utilities added 94 thousand jobs, better than last month. Both wholesale trade and retail trade did well for a total increase of 46.5 thousand jobs. Transportation had a big gain with 47.5 thousand s job, much higher than usual. Air transportation added 5.7 thousand jobs, although less than last month’s gain. Couriers and messengers had 16.7 thousand new jobs; transit and ground passenger transportation were next highest with 12.8 thousand jobs.
Professional and Business Services added 66 thousand jobs. The professional and technical services sub sector gained 27.5 thousand jobs while management of companies added .8 thousand jobs. Administrative and support services including waste management added 38.5 thousand jobs. Among the professional and technical services management and technical consulting services added 7.6 thousand jobs; architectural and engineering services added another 7.4 thousand jobs. Computer design and related services added 5.5 thousand jobs. Legal services dropped 1.4 thousand jobs after last month’s gain. Administrative support services had modest gains in employment services, 12.9 thousand new jobs, and 10 thousand new jobs at investigation and security services among other small changes.
Information services lost 2 thousand jobs in a typical month, leaving it 225 thousand jobs below March a year ago. Broadcasting, except the Internet, dropped 8.2 thousand jobs offset by other small gains. Financial activities added 16 thousand jobs, a larger than usual gain. Banking lost jobs but insurance carriers added 11 thousand jobs and real estate, rental and leasing added 11.6 thousand more. The category, other jobs, was up 42 thousand jobs, another good month and bigger than usual as well. Personal and laundry services had the biggest gains with 18.6 thousand new jobs and there were gains in repair and maintenance services and non-profit associations.
The job total for establishment employment is 144.120 million, encouraging but below the March 2020 total of 150.840 million jobs, the month job started their abrupt decline from the Pandemic. The job gap from the 2020 high dropped from 9.475 million jobs in February a year ago to 6.720 million now, a welcome drop of year over year Pandemic job losses slowly recovering. All industry subsectors remain with job totals below their employment from a year ago, but the annual growth rate this month of 7.68 percent is very high and a very good sign.
Non Farm Total +916
The Bureau of Labor Statistics (BLS) reported Non-Farm employment for establishments increased from February by 916 thousand jobs for a(n) March total of 144.120 million. (Note 1 below) An increase of 916 thousand each month for the next 12 months represents an annual growth rate of +7.68%. The annual growth rate from a year ago beginning March 2020 was –4.46%; the average annual growth rate from 5 years ago beginning March 2016 was +.06%; from 15 years ago beginning March 2006 it was +.38%. 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 +20
Natural Resources jobs including logging and mining were up 20 thousand from February to 610 thousand jobs in March. An increase of 20 thousand jobs each month for the next 12 months would be an annual growth rate of +40.68 percent. Natural resource jobs are down 64 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 +110
Construction jobs were up 110 thousand from February with 7.466 million jobs in March. An increase of 110 thousand jobs each month for the next 12 months would be an annual growth rate of +17.94 percent. Construction jobs are down 91 thousand for the 12 months just ended. The growth rate for the last 5 years is +2.17%. Construction jobs rank 9th among the 12 sectors with 5.2 percent of non-farm employment.
3. Manufacturing +53
Manufacturing jobs were up 53 thousand from February with 12.284 million jobs in March. An increase of 53 thousand jobs each month for the next 12 months would be an annual growth rate of +5.20 percent. Manufacturing jobs were down for the last 12 months by 434 thousand. The growth rate for the last 5 years is -.12%; for the last 15 years by -.97%. In 1994, manufacturing ranks 6th among 12 major sectors in the economy with 8.6 percent of establishment jobs.
4. Trade, Transportation & Utility +94
Trade, both wholesale and retail, transportation and utility employment were up 94 thousand from February with 27.187 million jobs in March. An increase of 94 thousand jobs each month for the next 12 months would be an annual growth rate of +4.16 percent. Jobs are down by 542 thousand for the last 12 months. Growth rates for the last 5 years are +.01 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 jobs were down 2 thousand from February at 2.666 million jobs in March. A decrease of 2 thousand jobs each month for the next 12 months would be an annual growth rate of -.90 percent (Note 2 below) Jobs are down by 225 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 1.9 percent of establishment jobs.
6. Financial Activities +16
Financial Activities jobs were up 16 thousand from February
at 8.770 million in March. An increase of 16 thousand each month for the next
12 months would be an annual growth rate of
+2.19 percent. Jobs are down 62 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 +.34 percent. Financial activities rank 8th of 12 with 6.2 percent of establishment jobs.
7. Business & Professional Services +66
Business and Professional Service jobs went up 66 thousand from February to 20.784 million in March. An increase of 66 thousand each month for the next 12 months would be an annual growth rate of +3.82 percent. Jobs are down 534 thousand for the last 12 months. Note 4 The annual growth rate for the last 5 years was +.84 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 14.5 percent of establishment employment.
8. Education including public and private +190
Education jobs went up 190 thousand jobs from February at 13.232 million in March. These include public and private education. An increase of 190 thousand jobs each month for the next 12 months would be an annual growth rate of +17.48 percent. Jobs are down 1,010 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 9.1 percent of establishment jobs.
9. Health Care +36
Health care jobs were up 36 thousand from February to 19.924 million in March. An increase of 36 thousand each month for the next 12 months would be an annual growth rate of +2.20 percent. Jobs are down 727 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 +1.85 percent from this month’s jobs. Health care ranks 3rd of 12 with 13.9 percent of establishment jobs.
10. Leisure and hospitality +280
Leisure and hospitality jobs went up 280 thousand from February to 13.781 million in March. An increase of 280 thousand each month for the next 12 months would be an annual growth rate of +24.89 percent. Jobs are down 2.352 million for the last 12 months. (note 7) The 5 year growth rate is –2.37%. 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 9.1 percent of establishment jobs. It moved up to 7th from 4th in the pandemic decline.
11. Other +42
Other Service jobs, which include repair, maintenance, personal services and non-profit organizations went up 42 thousand from February to 5.541 million in March. An increase of 42 thousand each month for the next 12 months would be an annual growth rate of +9.17 percent. Jobs are down 301 thousand for the last 12 months. (note 8) Other services had +.14 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 +11
Government service employment went up 11 thousand from February
at 11.851 million jobs in March. An increase of 11 thousand each month for the
next 12 months would be an annual growth rate of +1.07 percent. Jobs are down 378
thousand for the last 12 months.
(note 9) Government jobs excluding education tend to increase slowly with a 15 year growth rate of +.08 percent. Government, excluding education, ranks 7th of 12 with 8.3 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