Bureau of Labor Statistics Current Employment Statistics Highlights May 2009 Bureau of Labor Statistics June 5, 2009 Employment in total nonfarm 1999-2009 Seasonally adjusted in thousands 140,000 140,000 137,500 137,500 135,000 135,000 132,500 132,500 130,000 130,000 127,500 127,500 May 2009 125,000 125,000 Level: 132,151 Change: -345 122,500 122,500 Jan-0 9 Jan-0 8 Jan-0 7 Jan-0 6 Jan-0 5 Jan-0 4 Jan-0 3 Jan-0 1 Jan-9 9 Jan-0 2 120,000 Jan-0 0 120,000 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 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 total nonfarm Over-the-month change, 2008-09 Seasonally adjusted in thousands 0 -150 -72 -144 -122 -160 -137 -161 -128 -175 -300 -321 -345 -380 -450 -504 -600 -597 -681 -750 -681 -652 -741 May09 9 9 Ap r0 Mar-0 Feb-0 9 Jan-0 9 Dec -0 8 No v08 Oc t08 08 Sep- Aug08 Ju l- 0 8 08 -0 8 Jun- 8 Ap r0 May Mar08 8 Feb-0 Jan-0 8 -900 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 2009. Note: Most recent 2 months of data are preliminary. • Nonfarm payroll employment declined by 345,000 in May. This decline was about half of the average monthly job loss for the prior 6 months. Since the recession began in December 2007, payroll employment has fallen by 6 million. 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 -4.0 -4.0 December 2007 -5.0 -5.0 -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, June 5, 2009. *Note: Business cycle peak as determined by the National Bureau of Economic Research. Most recent two months are preliminary. Employment in total nonfarm Over-the-year percent changes, 2008-09 3.0 2.0 1.0 0.7 0.5 0.3 0.0 0.2 -0.1 -1.0 -0.2 -0.3 -0.4 -0.7 -1.1 -1.6 -2.0 -2.2 -3.0 -2.7 -3.1 -4.0 -3.5 -3.7 -3.9 May09 9 Mar-0 Jan-0 9 No v -08 Sep-0 8 Jul- 0 8 -08 May Mar08 Jan-0 8 -5.0 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 2009. Note: Most recent 2 months of data 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). • In the 17 months since the start of the recession, employment has fallen by 4.3 percent. During the 2001 and 1990 recessions, employment levels fell by 1.7 percent and 1.4 percent, respectively, over the same length of time. • Employment is down 3.9 percent from May 2008. 3 Employment in total nonfarm Over-the-month change, May 2009 Seasonally adjusted in thousands Mining and logging -10 Construction Manufacturing -59 -156 Wholesale trade -22 Retail trade Transportation and warehousing Utilities -18 -15 Total nonfarm: -345 0 -24 Information -30 Financial activities -51 Professional and business services 44 Education and health services 3 Leisure and hospitality -1 Other services -7 Government -180 -150 -120 -90 -60 -30 0 30 60 90 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 2009. Note: Data are preliminary. • In May, job losses occurred in most major industry sectors. Steep job losses continued in manufacturing, but the rate of decline moderated in many major industries, including construction, professional and business services, and retail trade. • Goods-producing industries shed 225,000 jobs in May, while service-providing industries lost 120,000 jobs. • The only industry with employment gains in May was education and health services, which added 44,000 jobs. 4 Average weekly hours, total private 1999-2009 Seasonally adjusted 34.5 34.5 May 2009 Level: 33.1 Change: -0.1 Jan-0 9 Jan-0 8 Jan-0 7 Jan-0 5 Jan-9 9 Jan-0 6 33.0 Jan-0 4 33.0 Jan-0 3 33.5 Jan-0 2 33.5 Jan-0 1 34.0 Jan-0 0 34.0 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 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 May 2009 Level: 99.7 110 110 Percent change: -0.7 105 105 100 100 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, June 5, 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 May, the average workweek for production and nonsupervisory workers on private nonfarm payrolls was 33.1 hours, seasonally adjusted. With the exception of March, this is the lowest level on record for the series, which began in 1964. • A 0.1-hour decrease offset a 0.1-hour increase in April. • The index of aggregate weekly hours of production and nonsupervisory workers on private nonfarm payrolls fell by 0.7 percent in May. Since peaking in December 2007, the index has decreased by 7.5 percent. 5 Employment in mining Over-the-month change, 2008-09 12 Seasonally adjusted in thousands 9 6 7.7 8.3 6.0 5.9 9.3 7.5 7.1 2.6 3 0.1 0 0.0 -0.9 -3 -3.5 -6 -9 -8.0 -8.9 -12 -11.2 -15 -10.5 -14.5 -09 May 9 Ap r0 Mar09 Feb -0 9 Jan-0 9 Dec -0 8 No v -08 08 Oc t08 Sep- Aug08 Jul- 0 8 -08 8 Jun08 May Ap r0 Mar08 Feb -0 8 Jan-0 8 -18 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 2009. Note: Most recent 2 months of data are preliminary. • Employment in mining realized a loss of 11,000 jobs in May. Since peaking in October 2008, the industry has shed 58,000 jobs, a sharp contrast to 2008 during which the industry added an average 4,000 jobs per month. 6 Employment in construction Over-the-month change, 2008-09 0 Seasonally adjusted in thousands -30 -31 -34 -44 -44 -24 -44 -60 -46 -61 -64 -59 -65 -90 -98 -108 -113 -120 -123 -127 -135 -0 9 May 9 Ap r0 Mar09 Feb -0 9 Jan-0 9 Dec -0 8 No v -08 Oc t08 08 Sep- Aug08 Jul- 0 8 Jun08 -0 8 May 8 Ap r0 Mar08 Feb -0 8 Jan-0 8 -150 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 2009. Note: Most recent 2 months of data are preliminary. • Construction employment declined by 59,000 in May, compared with an average monthly job loss of 117,000 in the industry for the previous 6 months. • Since the beginning of the recession, construction employment has declined by about 1.2 million. Employment in construction currently stands at its lowest level since November 1998, having lost all the jobs gained in the housing-related expansion from March 2003 to January 2007. • Employment losses in May were widespread throughout the industry, with the sharpest declines in nonresidential specialty trade contractors (-30,000) and residential construction of buildings (-11,000). 7 Employment in manufacturing 1999-2009 Seasonally adjusted in thousands 19,000 19,000 May 2009 18,000 18,000 Level: 11,986 Change: -156 17,000 17,000 Jan-0 9 Jan-0 8 Jan-0 7 Jan-0 6 11,000 Jan-0 5 11,000 Jan-0 4 12,000 Jan-0 3 13,000 12,000 Jan-0 2 14,000 13,000 Jan-0 1 15,000 14,000 Jan-0 0 16,000 15,000 Jan-9 9 16,000 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 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 durable goods manufacturing Over-the-month change, May 2009 Seasonally adjusted in thousands Wood products Nonmetallic mineral products -7 Durable goods: -131 -6 Primary metals -10 -19 Fabricated metal products Machinery -26 -14 Computer and electronic products Electrical equipment and appliances Transportation equipment -6 -36 Furniture and related products -7 -1 Miscellaneous manufacturing -40 -35 -30 -25 -20 -15 -10 -5 0 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 2009. Note: Data are preliminary. • Employment in manufacturing fell by 156,000 over the month, with job losses occurring in most component industries. Since the start of the recession, manufacturing employment has decreased by 1.8 million, representing 3 in 10 of the jobs lost during this downturn. • Employment in durable goods manufacturing was responsible for the majority of these losses with 131,000 jobs cut from payrolls in May. Three durable goods industries, motor vehicles and parts (-30,000), machinery (-26,000), and fabricated metal products (-19,000) accounted for over half of the overall decline in factory employment. 8 Average weekly hours, manufacturing 1999-2009 42.0 Seasonally adjusted 42.0 May 2009 Level: 39.3 41.5 41.5 Change: -0.2 Jan -0 4 Jan -0 9 39.0 Jan -0 8 39.0 Jan -0 7 39.5 Jan -0 6 39.5 Jan -0 5 40.0 Jan -0 3 40.0 Jan -0 2 40.5 Jan -0 1 40.5 Jan -0 0 41.0 Jan -9 9 41.0 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 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. • The manufacturing workweek decreased by 0.2 hour to 39.3 hours, and factory overtime remained unchanged at 2.7 hours. The manufacturing workweek has remained below 40 hours for 6 consecutive months. A level of 39.3 hours was last recorded in February 1983. 9 Employment in wholesale trade Over-the-month change, 2008-09 0 Seasonally adjusted in thousands -10 -11.0 -6.2 -6.6 -8.7 -7.1 -12.6 -12.7 -16.2 -16.6 -20 -21.9 -27.1 -30 -29.8 -40 -31.4 -32.4 -34.1 -39.6 9 -09 Ap r0 May Feb-0 9 Jan-0 9 Dec -0 8 Oc t08 No v08 Sep-0 8 Aug-0 8 08 Jul- 0 8 Jun- 8 Ap r0 May08 8 8 Mar-0 Jan-0 8 Feb-0 Mar09 -45.6 -50 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 2009. Note: Most recent 2 months of data are preliminary. Employment in retail trade Over-the-month change, 2008-09 Seasonally adjusted in thousands 10 3.8 -10 -15.5 -20.1 -30 -17.5 -24.2 -36.5 -37.7 -50 -45.6 -45.7 -48.4 -46.4 -56.3 -70 -57.2 -61.4 -90 -61.9 -90.8 -88.1 May09 9 9 Ap r0 Feb-0 9 Mar-0 Jan-0 9 Dec -0 8 No v -08 08 Oct-0 8 Sep- Aug08 Jul- 0 8 08 -08 Jun- 8 Ap r0 May 8 Feb-0 Mar08 Jan-0 8 -110 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 2009. Note: Most recent 2 months of data are preliminary. • Wholesale trade employment was down 22,000 over the month, with durable goods wholesalers accounting for more than half of this loss. Wholesale trade has lost 363,000 jobs since employment peaked in November 2007. • Employment in retail trade fell by 18,000 in May, compared with an average monthly job loss of 63,000 in the industry for the previous 6 months. Since peaking in November 2007, employment has declined by 772,000. 10 Employment in transportation and warehousing 1999-2009 4,750 Seasonally adjusted in thousands 4,750 May 2009 Level: 4,236.6 Change: -14.5 4,500 4,500 Jan-0 9 Jan08 Jan-0 7 Jan-0 6 Jan-0 5 Jan-0 4 3,750 Jan03 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, June 5, 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 cut 15,000 jobs from payrolls in May. This loss was less than half the average monthly decline of 34,000 jobs the industry had experienced over the previous 6 months. • Trucking shed 8,000 jobs this month, the smallest 1-month decline the industry has seen since October 2008. Truck transportation has cut 147,000 positions since the start of the current recession. 11 Employment in information Over-the-month change, 2008-09 10 Seasonally adjusted in thousands 3 0 -2 -3 -6 -4 -5 -7 -10 -4 -4 -6 -11 -13 -16 -17 -20 -20 -24 -25 -0 9 May 9 Ap r0 Mar09 Feb -0 9 Jan-0 9 Dec -0 8 No v -08 08 Oc t08 Sep- Aug08 Jul- 0 8 -0 8 8 Jun08 May Ap r0 Mar08 Feb -0 8 Jan-0 8 -30 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 2009. Note: Most recent 2 months of data are preliminary. • Information employment fell by 24,000 in May. This was 8,000 lower than its prior 6-month average decline of 16,000. • Information has now lost 164,000 jobs since the start of the recession, with 52 percent of those losses coming from publishing (except Internet) and 27 percent coming from telecommunications. 12 Employment in financial activities Over-the-month change, 2008-09 0 Seasonally adjusted in thousands -7 -10 -20 -14 -14 -8 -11 -13 -17 -18 -26 -30 -27 -30 -33 -40 -41 -45 -50 -45 -56 -60 -56 -09 May 9 Ap r0 Mar09 Feb -0 9 Jan-0 9 Dec -0 8 No v -08 08 Oc t08 Sep- Aug08 Jul- 0 8 -08 8 Jun08 May Ap r0 Mar08 Feb -0 8 Jan-0 8 -70 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 2009. Note: Most recent 2 months of data are preliminary. • Employment in financial activities declined by 30,000 over the month. This is less than the prior 6-month average job loss of 46,000. • Job losses occurred throughout the sector, including securities (-10,000) and real estate (-9,000). 13 Employment in professional and business services Over-the-month change, 2008-09 Seasonally adjusted in thousands -4 -20 -60 -40 -36 -51 -63 -64 -61 -63 -51 -52 -63 -100 -124 -140 -119 -111 -132 -151 -180 -176 May09 9 9 Ap r0 Mar-0 Jan-0 9 Feb-0 9 Dec -0 8 No v -08 08 Oct-0 8 Sep- Aug08 08 Jul- 0 8 Jun- 8 -08 Ap r0 May 8 Mar08 Feb-0 Jan-0 8 -220 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 2009. Note: Most recent 2 months of data are preliminary. Employment in temporary help services Over-the-month change, 2008-09 0 Seasonally adjusted in thousands -7 -20 -23 -25 -40 -38 -34 -34 -37 -43 -37 -45 -48 -60 -57 -73 -80 -55 -73 -90 -90 May09 9 9 Ap r0 Mar-0 Jan-0 9 Feb-0 9 Dec -0 8 No v -08 08 Oct-0 8 Sep- Aug08 08 Jul- 0 8 Jun- -08 8 Ap r0 May 8 Mar08 Feb-0 Jan-0 8 -100 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 2009. Note: Most recent 2 months of data are preliminary. • During May, professional and business services employment declined by 51,000; the loss was moderate relative to the 136,000 jobs lost on average over the previous 6 months. • Temporary help employment changed little in May, following monthly losses that averaged 73,000 during the prior 6 months. 14 Employment in health care Over-the-month change, 2008-09 50 Seasonally adjusted in thousands 41 39 40 38 34 32 30 29 28 28 25 25 23 25 22 21 20 24 19 14 10 -0 9 May 9 Ap r0 Mar09 Feb -0 9 Jan-0 9 Dec -0 8 No v -08 Oc t08 08 Sep- Aug08 Jul- 0 8 Jun08 -0 8 May 8 Ap r0 Mar08 Feb -0 8 Jan-0 8 0 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 2009. Note: Most recent 2 months of data are preliminary. • Health care employment grew by 24,000 in May, about in line with its average monthly gain thus far in 2009. • Average monthly growth in health care has slowed from 30,000 per month in 2008, largely due to little growth in hospital employment during 2009. 15 Employment in leisure and hospitality Over-the-month change, 2008-09 10 Seasonally adjusted in thousands 3 0 -1 -5 -10 -20 -5 -16 -17 -17 -17 -19 -26 -30 -32 -33 -36 -40 -34 -38 -40 -50 -51 -0 9 May 9 Ap r0 Mar09 Feb -0 9 Jan-0 9 Dec -0 8 No v -08 08 Oc t08 Sep- Aug08 Jul- 0 8 -0 8 8 Jun08 May Ap r0 Mar08 Feb -0 8 Jan-0 8 -60 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 2009. Note: Most recent 2 months of data are preliminary. • Employment in leisure and hospitality industry was essentially flat in May. This industry has shed 384,000 jobs since the recession began and has lost an average of 39,000 jobs over the last 6 months. • Job losses in amusements, gambling, and recreation were offset by small employment gains in food services and drinking places and performing arts and spectator sports. 16 Employment in government Over-the-month change, 2008-09 105 Seasonally adjusted in thousands 92 90 75 60 45 30 22 37 30 34 20 15 10 15 19 4 8 4 7 0 -15 -4 -11 -7 -21 -30 -0 9 May 9 Ap r0 Mar09 Feb -0 9 Jan09 Dec -0 8 No v -08 08 Oc t08 Sep- Aug08 Jul- 0 8 -0 8 8 Jun08 May Ap r0 Mar08 Feb -0 8 Jan-0 8 -45 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 5, 2009. Note: Most recent 2 months of data are preliminary. • Government employment experienced a small decline in May (-7,000), resulting from the loss of Census intermittent workers and U.S. Postal service employees. State and local government employment was relatively unchanged. 17
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