February 2025_________________________
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 and this month's inflation data is below that.
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The Establishment Job Report with data released February 7 2025.
Current Job and Employment Data
Jobs
Total Non-Farm Establishment Jobs up 143,000 to 159,069,000
Total Private Jobs up
111,000 to 135,479,000
Total Government Employment up 32,000 to 23,590,000 Note
Civilian Non-Institutional Population Annual BLS Adjustment to 272,685,000
Civilian Labor Force - to 170,744,000
Employed - to 163,895,000
Employed Men -
to 88,733,000
Employed Women
- to 77,162,000
Unemployed - to
6,849,000
Not in the Labor Force - to 101,941,000
Unemployment Rate
went down .1% to 4.0% or 6,849/170,744
Labor Force Participation Rate went up .1% to 62.6%, or 170,744/272,685
Prices and inflation measured by the Consumer Price Index (CPI) for all Urban Consumers was up by a monthly average of 2.9 percent for 2024.
The CPI February report for the 12 months ending with January shows the
CPI for All Items was up 3.1%
CPI for Food and Beverages was up 2.4%
CPI for Housing was up 3.9%
CPI for Apparel was up .9%
CPI for Transportation including gasoline was up 3.2%
CPI for Medical Care was up 2.6%
CPI for Recreation was up 1.6%
CPI for Education was up 3.8%
CPI for Communication was down 1.9%
This Month’s Establishment Jobs Press Report
The Bureau of Labor Statistics published its
February report for jobs in January. The annual civilian population adjustment found
a 3.047 million increase in the adult civilian population. Distributing that
increase means an increase of 2.197 million in the labor force, 2.234 million
more employment. The remainder of the population increase did not enter the
labor force. A drop of 37 thousand of the unemployed left the unemployment rate
down .1 percent at 4.0%. The participation rate increased .1% to 62.6 percent.
Goods
production had a net change of zero jobs. Natural resources had a loss of 7
thousand jobs; construction added 4 thousand jobs and there were 3 thousand
more manufacturing jobs. Construction of buildings added 3.0 thousand jobs and
specialty trade contractors added a net 3.5 thousand of the construction jobs with
the non-residential specialty contractors adding 5.6 thousand jobs combined
with residential specialty trade contractors losing 2.1 thousand jobs. There was
a decrease of 2.3 thousand jobs in heavy and engineering construction.
Manufacturing
employment was up 3 thousand jobs after last month’s losses. Durable goods were
down 3 thousand jobs. Wood products, non-metallic mineral, and fabricated metal
products all had job gains of nearly 7 thousand jobs but car and truck
manufacturing were down 9.7 thousand jobs. Non-durable goods production did
better, adding 6 thousand jobs. There were more jobs in food processing, beverage,
tobacco and leather good production and even apparel and paper manufacturing
added a few thousand jobs. There were other small job losses.
Government
service employment increased 32 thousand jobs. Federal government employment was
up 9 thousand jobs while state government added 2 thousand jobs and local
government added 21 thousand more. Government jobs excluding education increased
by 12.7 thousand. Government jobs in education were up 10.0 thousand this
month, which was 10.8 thousand new jobs in local education offset by a loss of
800 jobs in state education. Private sector education was off 4.4 thousand
seasonally adjusted jobs, which brings the total of 5.6 thousand new jobs in
education, a small increase.
Health
care took first place for private service sector job gains with 66 thousand new
jobs, down slightly from the last two months. All four of the health care
subsectors had more jobs with ambulatory care adding 16.6 thousand jobs;
hospitals added 13.9 thousand jobs, a good month for hospitals; nursing and
residential care were up 13.2 thousand jobs. Social assistance services added 22.3
thousand jobs, but with 20.1 thousand new jobs coming in individual and family
services. The growth rate for health care was down from last month to 3.45
percent, above the average of 2.15 percent per month of the last 15 years.
Trade,
transportation and utilities had 38 thousand new jobs, a smaller gain than last
month. While wholesale trade jobs had only 2 thousand new jobs retail trade added
34.3 thousand jobs, although less than last month. Warehouse clubs and super
centers had 27.8 thousand of the jobs. Transportation barely increased with only
1.1 thousand new jobs. Truck transportation and transit jobs were up 7.9 thousand
jobs offset by job losses in warehousing and storage and couriers and
messengers.
Professional
and business services dropped 11 thousand jobs, after last month’s modest gain.
The professional and technical services subsector of it added 17.1 thousand
jobs; management of companies lost 2.5 thousand jobs. The third sub sector, administrative
and support services including waste management, also lost jobs, down 25.1
thousand. Among professional and technical services, computer design and
related services added 13.7 thousand jobs, a reverse of last month’s decline; architecture
and engineering services added 7.1 thousand jobs. Management consulting declined
10.4 thousand jobs, a rare drop. There were small changes for remaining sub
sectors, much like last month.
Among
administrative support services, the primary job losses came in employment
services down 15 thousand jobs; services to buildings dropped another 8.5
thousand jobs, and business support services were down another 5.4 thousand
jobs among small changes in other administrative support sub sectors.
Leisure
and hospitality lost a net 3 thousand jobs, after last month’s gains. Arts,
entertainment and recreation added a net 14.8 thousand jobs with amusements,
gambling and recreation up 15 thousand jobs. Accommodations lost 1.8 thousand
jobs and restaurants were down another 15.7 thousand; restaurants
usually generate jobs.
Information services had a net of 2
thousand new jobs. Motion picture and sounding recording had 1.8 thousand jobs
and publishing added another 2.5 thousand, but job gains were offset by a loss
of 7.9 thousand jobs in the telecommunications industry. Financial activities added
7 thousand jobs where finance and insurance added 3.4 thousand jobs and there
were another 3.9 thousand jobs in real estate and rental and leasing services. The
category, other, added 17 thousand jobs, a large gain for a month. Repair and
maintenance services added 9.9 thousand of the jobs. Personal and laundry added
4.1 thousand jobs while non-profit membership associations added 3.0 thousand
jobs.
The economy added 143 thousand jobs for January, a modest increase. Establishment employment in January was 159.069 million with an annual growth rate of 1.08 percent, barely population growth. Health care continued its dominant place in job growth with 46 percent of new jobs this month; government job growth continued this month and government jobs continue to be an important source of employment; Trump notwithstanding. This month’s job total is 2.020 million above January a year ago and 4.001 million jobs above January two years ago.
January Details
Non Farm Total +143
The Bureau of Labor Statistics (BLS) reported Non-Farm employment for establishments increased from December by 143 thousand jobs for a(n) January total of 159.069 million. (Note 1 below) An increase of 143 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 January 2024 was +1.29%; the average annual growth rate from 5 years ago beginning January 2020 was +.88%; from 15 years ago beginning January 2010 it was +1.36%. 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 -7
Natural Resources jobs including logging and mining decreased 7 thousand from December with 615 thousand jobs in January. A decrease of 7 thousand jobs each month for the next 12 months would be an annual growth rate of -13.5 percent. Natural resource jobs were down 17 thousand from a year ago. Jobs in 2000 averaged around 600 thousand with little prospect for growth. This is the smallest of 12 major sectors of the economy with .4 percent of establishment jobs.
2. Construction +4
Construction jobs were up 4 thousand from December with 8.291 million jobs in January. An increase of 4 thousand jobs each month for the next 12 months would be an annual growth rate of +.58 percent. Construction jobs are up 178 thousand for the 12 months just ended. The growth rate for the last 5 years is 1.94%. Construction jobs rank 9th among the 12 sectors with 5.2 percent of non-farm employment.
3. Manufacturing +3
Manufacturing jobs were up 3 thousand from December with 12.761 million jobs in January. An increase of 3 thousand jobs each month for the next 12 months would be an annual growth rate of +.28 percent. Manufacturing jobs were down for the last 12 months by 105 thousand. The growth rate for the last 5 years is -.05%; for the last 15 years by +.72%. Manufacturing ranks 6th among 12 major sectors in the economy with 8.1 percent of establishment jobs.
4. Trade, Transportation & Utility +38
Trade, both wholesale and retail, transportation and utility employment were up 38 thousand jobs from December with 29.059 million jobs in January. An increase of 38 thousand jobs each month for the next 12 months would be an annual growth rate of +1.57 percent. Jobs are up by 240 thousand for last 12 months. Growth rates for the last 5 years are +.85 percent. Jobs in these sectors rank first as the biggest sectors with combined employment of 18.2 percent of total establishment employment.
5. Information Services +2
Information Services jobs were up 2 thousand from December with 2.945 million jobs in January. An increase of 2 thousand each month for the next 12 months would be an annual growth rate of +.82 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 and has slowly come back to 3.0 million in the last decade. Information Services is a small sector ranking 11th of 12 with 1.9 percent of establishment jobs.
6. Financial Activities +7
Financial Activities jobs were up by 7 thousand jobs from December
to 9.220 million in January. An increase of 7 thousand jobs for the next 12
months would be an annual growth rate of +.91 percent. Jobs are up 55 thousand
for the last 12 months. (Note 3 below) This sector also includes
real estate as well as real estate lending. The long term growth rates are now
at a 5 year growth rate of +.82 percent, and a 15 year growth rate of +1.18
percent. Financial activities rank 8th of 12 with 5.8 percent of establishment
jobs.
7. Business and Professional Services -11
Business and Professional Service jobs went down 11 thousand from December to 22.598 million in January. A decrease of 11 thousand each month for the next 12 months would be an annual growth rate of -.58 percent. Jobs are down 69 thousand for the last 12 months. Note 4 The annual growth rate for the last 5 years was +1.06 percent. It ranks as 2nd among the 12 sectors now. It was 2nd in 1993, when manufacturing was bigger and second rank now with 14.4 percent of establishment employment.
8. Education including public and private +6
Education jobs were up 6 thousand jobs from December at 14.802 million in January. An increase of 6 thousand jobs each month for the next 12 months would be an annual growth rate of +.45 percent. These include public and private education. Jobs are up 195 thousand for the last 12 months. (note 5) The 15 year growth rate equals +.60 percent. Education ranks 5th among 12 sectors with 9.1 percent of establishment jobs
9. Health Care +66
Health care jobs were up 66 thousand from December to 23.010
million in January. An increase of 66 thousand each month for the next 12
months would be an annual growth rate of +3.45 percent. Jobs are up 910
thousand for the last 12 months. (note 6) The health care long term 15 year
growth rate has been +2.15 percent lately compared to +3.45 percent for this
month’s jobs. Health care ranks 3rd of 12 with 14.3 percent of establishment
jobs.
10. Leisure and hospitality -3
Leisure and hospitality jobs were down 3 thousand from December to 16.978 million in January. (note 7) A decrease of 3 thousand each month for the next 12 months would be an annual growth rate of -.21 percent. Jobs are up 258 thousand for the last 12 months. 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 10.7 percent of establishment jobs. It moved up to 7th from 4th in the pandemic decline.
11. Other +17
Other Service jobs, which include repair, maintenance, personal services and non-profit organizations were up 17 thousand from December to 6.021 million in January. An increase of 17 thousand each month for the next 12 months would be an annual growth rate of +3.40 percent. Jobs are up 104 thousand for the last 12 months. (Note 8) Other services had +.82 percent growth for the last 15 years. These sectors rank 10th of 12 with 3.7 percent of total non-farm establishment jobs.
12. Government, excluding education +22
Government service employment went up 22 thousand from December
at 12.769 million jobs in January. An increase of 22 thousand each month for
the next 12 months would be an annual growth rate of +2.04 percent. Jobs are up
305 thousand for the last 12 months. (note 9) Government jobs excluding education
tend to increase slowly with a 15 year growth rate of +.38 percent. Government,
excluding education, ranks 7th of 12 with 8.0 percent of total non-farm
establishment jobs.
Sector Notes__________________________
(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
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Notes
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
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