Bureau of Labor Statistics Current Employment Statistics Highlights May 2007 Bureau of Labor Statistics June 1, 2007 All All employees employees on on nonfarm nonfarm payrolls payrolls 1996-2007 1996-2007 140,000 140,000 Seasonally Seasonallyadjusted, adjusted,ininthousands thousands 140,000 140,000 130,000 130,000 130,000 130,000 May May 2007 2007 Level: Level: 137,831 137,831 Change: Change: +157 +157 JJaann--07 07 JJaann--06 06 JJaann--05 05 JJaann--04 04 JJaann-0 -03 3 JJaann-0 -02 2 JJaann-0 -01 1 JJaann--00 00 JJaann-9 -99 9 110,000 110,000 JJaann--98 98 110,000 110,000 JJaann--97 97 120,000 120,000 JJaann-9 -96 6 120,000 120,000 Source: Source: Bureau Bureauof of Labor Labor Statistics, Statistics, Current CurrentEmployment EmploymentStatistics Statistics survey, survey,June June 1, 1,2007. 2007. Notes: Notes: Shaded Shaded areas areas denote denote recessions. recessions. Most Mostrecent recent22months monthsof ofdata data are are preliminary. preliminary. • Nonfarm employment rose by 157,000 in May. • In the first 5 months of 2007, job growth averaged 133,000 per month, compared with 189,000 per month in 2006. • Employment has risen by 8 million since reaching a low point in August 2003. 2 Employment Employment in in total total nonfarm nonfarm and and supersectors supersectors Over-the-month Over-the-month change, change, May May 2007 2007 Seasonally Seasonallyadjusted, adjusted,ininthousands thousands Natural Naturalresources resourcesand andmining mining 00 Construction Construction 00 Manufacturing Manufacturing Total Total nonfarm: nonfarm: +157 +157 -19 -19 9.1 9.1 Wholesale Wholesaletrade trade -4.9 -4.9 Retail Retailtrade trade 4.6 4.6 Transportation Transportationand andwarehousing warehousing 1.6 1.6 Utilities Utilities 55 Information Information 22 Financial Financialactivities activities 32 32 Professional Professionaland andbusiness businessservices services 54 54 Education Educationand andhealth healthservices services 46 46 Leisure Leisureand andhospitality hospitality 55 Other Otherservices services 22 22 Government Government -30 -30 -20 -20 -10 -10 00 10 10 20 20 30 30 40 40 50 50 60 60 Source: Source: Bureau Bureauof ofLabor Labor Statistics, Statistics, Current CurrentEmployment Employment Statistics Statistics survey, survey, June June 1, 1,2007. 2007. Note: Note: Data Data are are preliminary. preliminary. • Employment growth in May was concentrated in education and health services and leisure and hospitality. These sectors accounted for 64 percent of the gain in nonfarm employment. • Growth in education and health services was centered within health care and social assistance. The employment increase in leisure and hospitality was dispersed between amusements, gambling, and recreation and food services and drinking places. • Professional and business services and government saw continued job gains, while employment losses in manufacturing restrained total growth in May. 3 Average Average weekly weekly hours, hours, total total private private 1992-2007 1992-2007 35.0 35.0 Seasonally Seasonallyadjusted adjusted 35.0 35.0 May May2007 2007 Level: Level:33.9 33.9 Change: Change:0.1 0.1 34.5 34.5 34.5 34.5 Ja -0 Jann -077 Ja -0 Jann -066 Ja -0 Jann -055 Ja -0 Jann -044 Ja -0 Jann -033 Ja -0 Jann -022 Ja -0 Jann -011 Ja -0 Jann -000 Ja -9 Jann -999 Ja -9 Jann -988 Ja -9 Jann -977 33.0 33.0 Ja -9 Jann -966 33.0 33.0 Ja -9 Jann -955 33.5 33.5 Ja -9 Jann -944 33.5 33.5 Ja -9 Jann -933 34.0 34.0 Ja -9 Jann -922 34.0 34.0 Source: Source: Bureau BureauofofLabor LaborStatistics, Statistics,Current CurrentEmployment EmploymentStatistics Statisticssurvey, survey,June June1,1,2007. 2007. Notes: Notes: Shaded Shadedareas areasdenote denoterecessions. recessions.Most Mostrecent recent22months monthsof ofdata dataare arepreliminary. preliminary. Index Index of of total total private private aggregate aggregate weekly weekly hours hours 1996-2007 1996-2007 110 110 Seasonally Seasonallyadjusted, adjusted, 2002 2002==100 100 110 110 May May2007 2007 Level: Level:107.5 107.5 Percent Change: Percent Change:0.5 0.5 105 105 105 105 100 100 100 100 Source: Source: Bureau BureauofofLabor LaborStatistics, Statistics,Current CurrentEmployment EmploymentStatistics Statisticssurvey, survey,June June1,1,2007. 2007. Notes: Notes: Shaded Shadedareas areasdenote denoterecessions. recessions. Most Mostrecent recent22months monthsof ofdata dataare arepreliminary. preliminary. Ja -0 Jann -077 Ja -0 Jann -066 Ja -0 Jann -055 Ja -0 Jann -044 Ja -0 Jann -033 Ja -0 Jann -022 Ja -0 Jann -011 85 85 Ja -0 Jann -000 85 85 Ja -9 Jann -999 90 90 Ja -9 Jann -988 90 90 Ja -9 Jann -977 95 95 Ja -9 Jann -966 95 95 Aggregate Aggregateweekly weeklyhours hoursare arethe theproduct productofofaverage averageweekly weeklyhours hoursand andproduction productionand andnonsupervisory nonsupervisoryworkers. workers. • Average weekly hours of production and nonsupervisory workers on nonfarm payrolls increased 0.1 hour in May. The workweek has held within a 0.2-hour range since June 2004. • The index of total private aggregate weekly hours increased by 0.5 percent in May, following a small decrease of 0.3 percent in April. Since reaching a trough in August 2003, the index has increased by 9.5 percent. 4 Over-the-year Over-the-year percent percent change change in in average average hourly hourly earnings, earnings, 1990-2007 1990-2007 Seasonally Seasonallyadjusted, adjusted,percent percent 5.0 5.0 5.0 5.0 4.5 4.5 4.5 4.5 May May2007 2007 Percent PercentChange: Change:+3.8 +3.8 4.0 4.0 4.0 4.0 Ja -0 Jann -077 Jan-0 Jan-0 6 6 Jan-0 Jan-0 4 4 Jan-0 Jan-0 5 5 Ja Jan-n-03 03 Jan-0 Jan-0 2 2 Jan-0 Jan-0 1 1 Ja Jan-n-93 93 Jan-9 Jan-9 9 9 1.5 1.5 Jan-0 Jan-0 0 0 1.5 1.5 Ja Jan-n-98 98 2.0 2.0 Ja -9 Jann -977 2.0 2.0 Ja -9 Jann -966 2.5 2.5 Jan-9 Jan-9 5 5 2.5 2.5 Ja -9 Jann -944 3.0 3.0 Ja Jann-992 2 3.0 3.0 Ja -9 Jann -911 3.5 3.5 Ja -9 Jann -900 3.5 3.5 Source: Source: Bureau BureauofofLabor LaborStatistics, Statistics,Current CurrentEmployment EmploymentStatistics StatisticsSurvey, Survey,June June1,1,2007. 2007. Note: Note:Shaded Shadedareas areasdenote denoterecessions. recessions. Most Mostrecent recent22months monthsof ofdata dataare arepreliminary. preliminary. Index Index of of total total private private aggregate aggregate weekly weekly payrolls payrolls 1996-2007 1996-2007 125 125 Seasonally Seasonallyadjusted, adjusted, 2002 2002==100 100 115 115 125 125 115 115 May May2007 2007 Level: Level:124.3 124.3 Percent Change: Percent Change:0.8 0.8 105 105 105 105 Ja -0 Jann -077 Ja -0 Jann -066 Ja -0 Jann -055 Ja -0 Jann -044 Ja -0 Jann -033 65 65 Ja -0 Jann -022 65 65 Ja -0 Jann -011 75 75 Ja -0 Jann -000 75 75 Ja -9 Jann -999 85 85 Ja -9 Jann -988 85 85 Ja -9 Jann -977 95 95 Ja -9 Jann -966 95 95 Source: Source: Bureau BureauofofLabor LaborStatistics, Statistics,Current CurrentEmployment EmploymentStatistics Statisticssurvey, survey,June June1,1,2007. 2007. Notes: Notes: Shaded Shadedareas areasdenote denoterecessions. recessions. Most Mostrecent recent22months monthsof ofdata dataare arepreliminary. preliminary. Aggregate Aggregateweekly weeklypayrolls payrollsare arethe theproduct productofofaverage averagehourly hourlyearnings, earnings,average averageweekly weeklyhours, hours,and andproduction productionand andnonsupervisory nonsupervisory workers. workers. • Average hourly earnings for production and nonsupervisory workers on nonfarm payrolls rose by 6 cents in May. The over-the-year percent change peaked in December 2006 at 4.3 percent and has fallen steadily to its current rate of 3.8 percent. • The index of total private aggregate weekly payrolls rose 0.8 percent in May. Over the year, the index grew 5.9 percent. 5 Employment Employment in in construction construction 1996-2007 1996-2007 8,000 8,000 Seasonally Seasonallyadjusted, adjusted,ininthousands thousands 8,000 8,000 May May 2007 2007 Level: Level:7,671 7,671 Change: Change: 00 JJaann--07 07 JJaann--06 06 JJaann--05 05 JJaann--04 04 JJaann--03 03 JJaann--02 02 JJaann--01 01 5,000 5,000 JJaann--00 00 5,000 5,000 JJaann--99 99 6,000 6,000 JJaann--98 98 6,000 6,000 JJaann--97 97 7,000 7,000 JJaann--96 96 7,000 7,000 Source: Source: Bureau Bureauof of Labor LaborStatistics, Statistics, Current CurrentEmployment Employment Statistics Statistics Survey, Survey, June June 1, 1, 2007. 2007. Notes: Notes: Shaded Shaded areas areas denote denote recessions. recessions. Most Mostrecent recent22months monthsof ofdata data are arepreliminary. preliminary. • Construction employment was flat in May, which is in line with its prior 12month trend. Employment stagnated as companies reported a smaller-thannormal spring buildup. • The flatness was widespread throughout construction. In contrast with recent trends, there was no appreciable divergence between nonresidential and residential construction employment. 6 Employment Employment in in manufacturing manufacturing Over-the-month Over-the-month change, change, 2006-07 2006-07 Seasonally Seasonallyadjusted, adjusted,ininthousands thousands 23 23 20 20 00 00 -1 -1 -7 -7 -10 -10 -9 -9 -12 -12 -11 -11 -12 -12 -12 -12 -17 -17 -20 -20 -23 -23 -30 -30 -40 -40 -19 -19 May M -07 ay-0 7 AA -07 ppr-r0 7 JJaann--07 07 DD -06 eecc-0 6 NN -06 oovv-0 6 OO cct-t-006 6 SSeepp --00 66 AA uugg --00 66 JJuul-l- 06 06 JJuunn --00 66 May M -06 ay-0 6 AA ppr-r-006 6 Mar M -06 ar-0 6 FFeebb-0 -06 6 -40 -40 JJaann-0 -06 6 -50 -50 -20 -20 -23 -23 MarM ar-007 7 10 10 15 15 10 10 FFeebb--07 07 30 30 Source: Source: Bureau Bureauof of Labor LaborStatistics, Statistics, Current CurrentEmployment EmploymentStatistics Statistics survey, survey,June June 1, 1, 2007. 2007. Note: Note: Most Mostrecent recent22months monthsof ofdata data are are preliminary. preliminary. • Manufacturing continued its long-term decline, cutting 19,000 jobs in May. Job losses were concentrated in durable goods within the motor vehicles and parts industry. • The average manufacturing workweek for production workers edged down 0.1 hour to 41.0 hours, seasonally adjusted. The factory workweek is 0.5 hour below its most recent peak reached in July 2006. • Average weekly manufacturing overtime hours of production workers fell by 0.1 hour to 4.1 hours in May, seasonally adjusted. 7 Employment Employment in in selected selected professional professional and and business business services services Over-the-month Over-the-month change, change, May May 2007 2007 Seasonally Seasonallyadjusted, adjusted,ininthousands thousands Professional Professionaland and technical technicalservices services 27.0 27.0 Accounting Accountingand and bookkeeping bookkeepingservices services Architectural Architecturaland and engineering engineeringservices services 6.8 6.8 Professional Professional and andBusiness Business services: services: +32 +32 7.2 7.2 Computer Computersystems systemsdesign design and andrelated relatedservices services 7.8 7.8 Management Managementand andtechnical technical consulting consultingservices services 1.5 1.5 Management Managementof of companies companies 1.2 1.2 Administrative Administrativeand and waste wasteservices services 3.3 3.3 -6.6 -6.6 Employment Employmentservices services Services Servicesto tobuildings buildingsand and dwellings dwellings -40 -40 1.9 1.9 -30 -30 -20 -20 -10 -10 00 10 10 20 20 30 30 Source: Source: Bureau Bureauof of Labor LaborStatistics, Statistics, Current CurrentEmployment Employment Statistics Statistics survey, survey, June June 1, 1, 2007. 2007. Note: Note: Data Data are are preliminary. preliminary. • 40 40 Employment in professional and business services continued to rise on trend in May. Growth was concentrated within the professional and technical services industries with solid gains in architectural and engineering services and in computer systems design and related services. 8 Indexed Indexed employment employment in in professional professional and and technical technical services services and and temporary temporary help help services services 1996-2007 1996-2007 Seasonally Seasonallyadjusted, adjusted,1996 1996==100 100 170 170 170 170 160 160 Professional Professionaland and technical technicalservices services 160 160 Temporary Temporaryhelp help services services 150 150 150 150 JJaann-0 -07 7 JJaann--96 96 90 90 JJaann-0 -06 6 100 100 JJaann-0 -05 5 100 100 JJaann-0 -04 4 110 110 JJaann-0 -03 3 110 110 JJaann-0 -02 2 120 120 JJaann--01 01 120 120 JJaann-0 -00 0 130 130 JJaann--99 99 130 130 JJaann-9 -98 8 140 140 JJaann--97 97 140 140 90 90 Source: Source: Bureau Bureauof of Labor LaborStatistics, Statistics, Current CurrentEmployment Employment Statistics Statistics survey, survey, June June 1, 1, 2007. 2007. Notes: Notes: Shaded Shaded areas areas denote denote recessions. recessions. Most Mostrecent recent22months monthsof ofdata data are arepreliminary. preliminary. • Employment in temporary help services has been flat recently, whereas professional and technical services employment has grown steadily. • Since December 2005, employment in temporary help services is little changed (-49,000), and professional and technical services has gained 392,000 jobs. 9 Employment Employment in in health health care care Over-the-month Over-the-month change, change, May May 2007 2007 Seasonally Seasonallyadjusted, adjusted,ininthousands thousands 16.1 16.1 Ambulatory Ambulatoryhealth health care careservices* services* Offices Officesof of physicians physicians 3.0 3.0 0.6 0.6 Outpatient Outpatientcare carecenters centers Home Homehealth health care care services services Health Healthcare: care: +25.3 +25.3 3.3 3.3 8.2 8.2 Hospitals Hospitals Nursing Nursingand andresidential residential care carefacilities facilities 1.0 1.0 00 55 10 10 15 15 Source: Source: Bureau Bureauof of Labor LaborStatistics, Statistics, Current CurrentEmployment Employment Statistics Statistics survey, survey, June June 1, 1, 2007. 2007. Note: Note: Data Data are are preliminary. preliminary. ** Includes Includes additional additional component componentindustries industriesnot notshown shownseparately. separately. 20 20 • Employment in health care rose by 25,000 in May, compared to a prior 12-month average gain of 30,000. Over the past year, health care has added 363,000 jobs. • Growth in health care was widespread throughout the components with the majority of the increase in ambulatory health care services and hospitals. 10 Employment Employment in in food food services services and and drinking drinking places places Over-the-month Over-the-month change, change, 2006-07 2006-07 60 60 Seasonally Seasonallyadjusted, adjusted,ininthousands thousands 50.8 50.8 50 50 40 40 32.1 32.1 30 30 40.3 40.3 36.8 36.8 27.0 27.0 33.8 33.8 23.2 23.2 21.4 21.4 21.4 21.4 20 20 31.2 31.2 30.3 30.3 27.0 27.0 34.5 34.5 25.0 25.0 25.0 23.3 23.3 25.0 18.2 18.2 10 10 00 -10 -10 May M -07 ay-0 7 AA -07 ppr-r0 7 MarM ar-007 7 FFeebb--07 07 JJaann--07 07 DD -06 ee cc-0 6 NN -06 oovv-0 6 OO cct-t-006 6 SSee pp --00 66 AA uugg --00 66 JJuul-l- 06 06 JJuunn --00 66 May M -06 ay-0 6 AA ppr-r-006 6 Mar M -06 ar-0 6 FFeebb-0 -06 6 -30 -30 JJaann-0 -06 6 -20 -20 Source: Source: Bureau Bureauof of Labor LaborStatistics, Statistics, Current CurrentEmployment EmploymentStatistics Statistics survey, survey,June June 1, 1, 2007. 2007. Note: Note: Most Mostrecent recent22months monthsof ofdata data are are preliminary. preliminary. • Employment in food services and drinking places continued its long term trend-up 35,000 in May and 361,000 over the year. Growth in May is above the prior 12-month average of 29,000. 11
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