Bureau of Labor Statistics Current Employment Statistics Highlights March 2009 Bureau of Labor Statistics April 3, 2009 Employment Employment in in total total nonfarm nonfarm 1999-2009 1999-2009 140,000 140,000 Seasonally Seasonallyadjusted adjustedininthousands thousands 140,000 140,000 137,500 137,500 137,500 137,500 135,000 135,000 135,000 135,000 132,500 132,500 132,500 132,500 130,000 130,000 130,000 130,000 127,500 127,500 127,500 127,500 March March2009 2009 Level: Level:133,019 133,019 125,000 125,000 125,000 125,000 Ja -0 Jann -0 99 Ja -0 Jann -0 88 Ja -0 Jann -0 77 122,500 122,500 Ja -0 Jann -0 66 Ja -0 Jann -0 55 Ja -0 Jann -0 33 Ja -0 Jann -0 22 Ja -9 Jann -9 99 Ja -0 Jann -0 00 120,000 120,000 Ja -0 Jann -0 11 122,500 122,500 Ja -0 Jann -0 44 Change: Change:-663 -663 120,000 120,000 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Employment in total nonfarm 1939-2009 Seasonally adjusted in thousands 140,000 140,000 120,000 120,000 100,000 100,000 80,000 80,000 60,000 60,000 March 2009 40,000 40,000 Level: 133,019 Change: -663 2007 1999 2003 1995 1987 1991 1979 1983 1975 1967 1971 1959 1963 1955 1947 1951 1939 20,000 1943 20,000 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Total nonfarm payroll employment continued to fall sharply (-663,000) in March. Payroll employment has declined by 3.3 million in the past 5 months, or an average of 667,000 per month. This is the largest 5-month decline since the series began in 1939 2 Percentage change in total nonfarm employment, from beginning of recession*, seasonally adjusted 1.0 1.0 0.0 0.0 -1.0 -1.0 -2.0 -2.0 -3.0 -3.0 July 1990 March 2001 December 2007 -4.0 -4.0 -6 -5 -4 -3 -2 -1 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Months Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. *Note: Business cycle peak as determined by the National Bureau of Economic Research. Most recent two months are preliminary. Percentage change in total nonfarm employment, from beginning of recession*, seasonally adjusted 1.5 1.5 1.0 1.0 0.5 0.5 0.0 0.0 -0.5 -0.5 -1.0 -1.0 -1.5 -1.5 -2.0 -2.0 -2.5 -2.5 -3.0 -3.0 November 1973 July 1981 -3.5 -3.5 December 2007 -4.0 -4.0 -6 -5 -4 -3 -2 -1 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Months Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. *Note: Business cycle peak as determined by the National Bureau of Economic Research. Most recent two months are preliminary. Total nonfarm employment peaked in December 2007, coinciding with the start of the recession as declared by the National Bureau of Economic Research (NBER). With the recent acceleration of job losses, nonfarm employment has fallen by 5.1 million since its peak – 65 percent occurring in the past 5 months. In the 15 months since the start of the recession, employment has fallen by 3.7 percent. The decline is larger than has typically been experienced in the past few recessions. Of the 4 most recent recessions, only the 1981 recession is similar to the current downturn in terms of relative job loss. 3 Employment in total nonfarm Over-the-month change, March 2009 Seasonally adjusted in thousands Mining and logging -18 Construction Manufacturing -126 -161 Wholesale trade -31 Retail trade Transportation and warehousing Utilities -48 -34 Total nonfarm: -663 1 -10 Information -43 Financial activities -133 Professional and business services 8 Education and health services -40 Leisure and hospitality -23 Other services -5 Government -210 -180 -150 -120 -90 -60 -30 0 30 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Note: Data are preliminary. In March, job losses were large and extended across nearly all major industry sectors. Losses were particularly sharp in manufacturing, professional and business services, and construction. Goods-producing industries shed 305,000 jobs in March, while service-providing industries lost 358,000 jobs. 4 Average weekly hours, total private 1999-2009 Seasonally adjusted 34.5 34.5 March 2009 Level: 33.2 Change: -0.1 Jan-0 9 Jan-0 8 Jan-0 7 Jan-0 6 Jan-0 0 Jan-0 5 33.0 Jan-0 4 33.0 Jan-0 3 33.5 Jan-0 2 33.5 Jan-0 1 34.0 Jan-9 9 34.0 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Index of total private aggregate weekly hours 1999-2009 115 Seasonally adjusted, 2002=100 115 March 2009 Level: 100.9 110 110 Percent change: -1.0 105 105 100 100 Jan-0 9 Jan-0 8 Jan-0 7 Jan-0 6 Jan-0 5 Jan-0 4 Jan-0 3 Jan-0 2 90 Jan-0 1 90 Jan-0 0 95 Jan-9 9 95 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Aggregate weekly hours are the product of average weekly hours and production and nonsupervisory workers. In March, the average workweek for production and nonsupervisory workers on private nonfarm payrolls fell 0.1 hour to 33.2 hours, seasonally adjusted - the lowest level on record for the series, which began in 1964. The index of aggregate weekly hours of production and nonsupervisory workers on nonfarm payrolls fell by 1.0 percent in March. Since peaking in December 2007, the index has decreased by 6.4 percent. 5 Employment in construction 1999-2009 8,500 Seasonally adjusted in thousands 8,500 March 2009 Level: 6,473 8,000 8,000 Change: -126 Jan-0 9 Jan-0 8 5,500 Jan-0 7 5,500 Jan-0 6 6,000 Jan-0 5 6,000 Jan-0 4 6,500 Jan-0 3 6,500 Jan-0 2 7,000 Jan-0 1 7,000 Jan-0 0 7,500 Jan-9 9 7,500 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Construction employment continued to contract in March as the industry shed 126,000 jobs. Nearly half of the total losses since the most recent industry peak in January 2007 have occurred in the past 5 months. Since the beginning of the recession, employment has dropped by about 1.1 million. Employment in construction now stands at its lowest level since March 1999, offsetting jobs gained in the housing-related expansion from March 2003 to January 2007. As with recent months, employment losses were widespread across the industry. Both the residential and nonresidential components shed jobs, as firms continued to reduce staff to cope with weak demand. 6 Employment in manufacturing 1939-2009 Seasonally adjusted in thousands 20,000 20,000 18,000 18,000 16,000 16,000 14,000 14,000 12,000 12,000 March 2009 10,000 10,000 Level: 12,310 Change: -161 2003 2007 1995 1999 1987 1991 1979 1983 1971 1975 1963 1967 1955 1959 1947 1943 1951 8,000 1939 8,000 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Employment in manufacturing Over-the-month change, 2008-09 0 -50 Seasonally adjusted in thousands -30 -33 -52 -49 -51 -57 -51 -67 -65 -100 -119 -121 -150 -169 -180 -200 -161 -250 -262 9 Feb-0 Mar09 Jan-0 9 Dec08 No v -08 Oc t08 08 Sep- Aug08 Jul- 0 8 -08 Jun-0 8 8 Ap r0 May 8 Feb-0 8 Mar-0 Jan-0 8 -300 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Note: Most recent 2 months of data are preliminary. Manufacturing employment fell by 161,000 in March, with widespread job losses occurring among the component industries. Manufacturing has lost 1.5 million jobs since the start of the current recession, bringing employment to a level last experienced in February 1946. Durable goods manufacturing continued to bear the brunt of the employment losses, accounting for 125,000 or 78 percent of manufacturing’s total decline in March. 7 Average weekly hours, manufacturing 1999-2009 42.0 Seasonally adjusted 42.0 March 2009 Level: 39.3 41.5 41.5 Change: -0.2 3 4 5 6 7 8 9 Jan-0 Jan-0 Jan-0 Jan-0 Jan-0 Jan-0 39.0 Jan-0 39.0 2 39.5 Jan-0 39.5 1 40.0 Jan-0 40.0 0 40.5 Jan-0 40.5 9 41.0 Jan-9 41.0 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Average weekly hours in manufacturing fell by 0.2 hour to 39.3 hours in March. Since the start of the current recession, average weekly hours and overtime have fallen steeply; both are at their lowest levels since 1983. 8 Employment in durable goods manufacturing Over-the-month change, March 2009 Seasonally adjusted in thousands Wood products Nonmettalic mineral products 0 Durable goods: -125 -9 Primary metals Fabricated metal products -9 -28 Machinery -27 -5 Computer and electronic products Electrical equipment and appliances -9 -26 Transportation equipment Furniture and related products -10 -2 Miscellaneous manufacturing -35 -30 -25 -20 -15 -10 -5 0 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Note: Data are preliminary. The losses in durable goods manufacturing were widespread in March led by fabricated metal products (-28,000), machinery (-27,000), and transportation equipment (-26,000). Fabricated metal products exhibited the heaviest job loss in manufacturing in March, declining by 28,000. Job losses have accelerated in the past 5 months, with employment declining by 134,000 or 9 percent. The machinery industry cut 27,000 jobs in March, the largest 1-month loss in the history of the series dating back to January 1990. The industry has shed 106,000 jobs over the past 5 months, which account for 88 percent of jobs lost since employment peaked in March 2008 9 Employment in wholesale trade 1999-2009 Seasonally adjusted in thousands 6,500 6,500 March 2009 Level: 5,747.7 6,250 6,250 Change: -31.2 5,000 Jan-0 7 Jan-0 0 Jan-0 9 5,000 Jan-0 8 5,250 Jan-0 6 5,250 Jan-0 5 5,500 Jan-0 4 5,500 Jan-0 3 5,750 Jan-0 2 5,750 Jan-0 1 6,000 Jan-9 9 6,000 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Employment in retail trade 1999-2009 16,000 Seasonally adjusted in thousands 16,000 March 2009 15,750 15,750 Level: 14,892.9 Change: -47.8 15,500 15,500 Jan-0 9 Jan-0 8 Jan-0 7 Jan-0 6 14,000 Jan-0 5 14,000 Jan-0 4 14,250 Jan-0 3 14,500 14,250 Jan-0 2 14,750 14,500 Jan-0 1 15,000 14,750 Jan-0 0 15,250 15,000 Jan-9 9 15,250 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Employment in wholesale trade fell by 31,000 over the month, with nearly all of the declines in durable goods wholesalers. The industry has lost 300,000 jobs since employment peaked in November 2007. Two-thirds of that loss has come in the last 6 months. Retail trade employment fell by 48,000 in March. Since peaking in November 2007, employment has declined by an average of 44,000 per month. In March, weakness in retail trade employment was widespread, led by building materials and garden supply stores (-13,000), automobile dealerships (-12,000), and electronics and appliance stores (-10,000). 10 Employment in transportation and warehousing 1999-2009 4,750 Seasonally adjusted in thousands 4,750 March 2009 Level: 4,290.0 Change: -34.0 4,500 4,500 Jan-0 9 Jan-0 8 Jan-0 7 Jan-0 6 Jan-0 5 Jan-0 4 3,750 Jan-0 3 3,750 Jan-0 2 4,000 Jan-0 1 4,000 Jan-0 0 4,250 Jan-9 9 4,250 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Employment in truck transportation 1999-2009 1,550 Seasonally adjusted in thousands 1,550 March 2009 1,500 1,500 Level: 1,295.5 Change: -14.9 1,450 1,450 Jan-0 9 Jan-0 8 Jan-0 7 Jan-0 6 1,150 Jan-0 5 1,200 1,150 Jan-0 4 1,250 1,200 Jan-0 3 1,250 Jan-0 2 1,300 Jan-0 1 1,350 1,300 Jan-0 0 1,400 1,350 Jan-9 9 1,400 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Transportation and warehousing lost 34,000 jobs in March, raising total job losses to 265,000 since employment peaked in December 2007. Truck transportation cut 15,000 jobs in March, marking 12 straight months of decline. Since the most recent employment peak in January 2007, trucking has lost 159,000 jobs or 11 percent of its workforce. 11 Employment in financial activities 1999-2009 9,000 Seasonally adjusted in thousands 9,000 March 2009 Level: 7,867 Change: -43 8,500 8,500 Jan-0 9 Jan-0 8 Jan-0 7 Jan-0 3 Jan-0 2 Jan-0 6 7,000 Jan-0 5 7,000 Jan-0 4 7,500 Jan-0 1 7,500 Jan-0 0 8,000 Jan-9 9 8,000 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Employment in selected financial activities Over-the-year change, March 2009 Seasonally adjusted in thousands Credit intermediation* -125.6 Commercialbanking banking Commercial -26.0 Securities and commodity Insurance and related activities -55.1 Health care: +13.5 -34.3 -66.0 Real estate -140 -120 -100 -80 -60 -40 -20 0 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Note: Data are preliminary. * Includes additional component industries not shown separately. Employment in financial activities continued to decline in March as 43,000 jobs were eliminated from industry payrolls. Most of the job cuts occurred in credit intermediation (-15,000); real estate (-12,000); and securities, commodity contracts, and investments (-7,000). Financial activities has shed about 495,000 jobs since December 2006, with more than half of the losses occurring in the past 7 months. 12 Employment in professional and business services 1999-2009 Seasonally adjusted in thousands 19,000 19,000 March 2009 Level: 16,894 18,000 18,000 Change: -133 Jan-0 9 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Jan-0 8 13,000 Jan-0 7 13,000 Jan-0 6 14,000 Jan-0 5 14,000 Jan-0 4 15,000 Jan-0 3 15,000 Jan-0 2 16,000 Jan-0 1 16,000 Jan-0 0 17,000 Jan-9 9 17,000 Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Employment in temporary help services 1999-2009 3,000 Seasonally adjusted in thousands 3,000 March 2009 Level: 1,816.8 2,750 2,750 Change: -71.7 Jan-0 9 Jan-0 8 1,500 Jan-0 7 1,500 Jan-0 6 1,750 Jan-0 5 1,750 Jan-0 4 2,000 Jan-0 3 2,000 Jan-0 2 2,250 Jan-0 1 2,250 Jan-0 0 2,500 Jan-9 9 2,500 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Employment in professional and business services fell by 133,000 in March. Over the current 5-month period, the industry has averaged job losses of 144,000 per month. Since peaking in December 2007, professional and business services employment has fallen by 1.2 million. Temporary help services cut 72,000 positions in March, bringing its recessionary job loss to 767,000, or 30 percent of employment. With the accelerated losses in payrolls over the past 5 months, temporary help services is at the lowest employment level since April 1996. 13 Employment in health care Over-the-month change, March 2009 Seasonally adjusted in thousands 7.7 Ambulatory health Ambulatory healthcare care services* services* 14.9 3.2 Offices of physicians 5.3 Nursing Nursing and residential care and residential facilities care facilities March 2009:+13.5 1 Prior 12-mo. avg.: +28.4 2.7 Home health care services Hospitals Hospitals Health care: 0.7 Outpatient care centers 4.1 -0.7 10.3 6.5 3.2 -3 0 3 6 9 12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Note: Data are preliminary. * Includes additional component industries not shown separately. 15 18 Health care continued to add jobs in March (14,000) but at a reduced rate. In the first quarter of 2009, health care added an average of 17,000 jobs per month, about half the average monthly gain (30,000) seen in 2008. 14 Employment in leisure and hospitality 1999-2009 14,500 Seasonally adjusted in thousands 14,500 March 2009 14,000 14,000 Level: 13,200 13,500 13,500 Change: -40 10,000 10,000 Source: Bureau of Labor Statistics, Current Employment Statistics survey, April 3, 2009. Jan -0 9 10,500 Jan -0 8 10,500 Jan -0 7 11,000 Jan -0 6 11,000 Jan -0 5 11,500 Jan -0 4 11,500 Jan -0 3 12,000 Jan -0 2 12,500 12,000 Jan -0 1 12,500 Jan -0 0 13,000 Jan -9 9 13,000 Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Leisure and hospitality shed 40,000 jobs in March. Employment in the industry has fallen by 351,000 jobs since the start of the recession in December 2007. Most of the job losses in March occurred in accommodation (-23,000) and food services and drinking places (-9,000). 15
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