Bureau of Labor Statistics Current Employment Statistics Highlights January 2011 Bureau of Labor Statistics February 4, 2011 Employment in total nonfarm 2000-11 Seasonally adjusted, in thousands 140,000 137,500 135,000 132,500 130,000 127,500 January 2011 125,000 Level: 130,265 Change: +36 122,500 120,000 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. 1 Employment in total nonfarm Over-the-month change, January 2011 Seasonally adjusted, in thousands Mining and logging 1 Construction -32 Manufacturing 49 Wholesale trade 9 Retail trade 28 Transportation and warehousing -38 Utilities -2 Information -1 Financial activities -10 Professional and business services 31 Education and health services 13 Leisure and hospitality -3 Other services Total nonfarm: +36 5 Government -14 -50 -25 0 25 50 75 100 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Data are preliminary. 2 • Nonfarm payroll employment was little changed in January. Between a peak in January 2008 and a trough in February 2010, nonfarm employment contracted by 8.8 million. Since then, business establishments have added 1 million jobs. • In January, both manufacturing and retail trade experienced jobs gains, while job losses occurred in transportation and warehousing and in construction. 1 Employment in total nonfarm Over-the-year percent change, 2007-11 Seasonally adjusted 3 2 1 0.8 0.7 0.5 0.3 0.1 0.1 0.4 0.5 0.7 0.8 0 -1 -0.1 -0.3 -0.5-0.6 -0.2-0.1 -0.4 -0.6 -1.0 -1.4 -2 -1.3 -2.0 -2.1 -2.6 -3 -2.7 -3.2 -4 -3.2 -3.7 -3.8 -4.1 -4.2 -4.6 -4.6-4.7 -4.8 -4.9-5.0-5.0 -5 -6 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Most recent 2 months of data are preliminary. 1 • On a year-over-year basis, nonfarm payroll employment increased by 0.8 percent in January. This is the highest year-over-year percent change since December 2007. 2 Average weekly hours, total private 2000-11 35.0 35.0 34.5 All employees Level: 34.2 Change: -0.1 34.5 34.0 34.0 33.5 33.5 Production employees Level: 33.4 33.0 33.0 Change: -0.1 32.5 32.5 32.0 32.0 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. 4 Over-the-year percent change in average hourly earnings of all employees and CPI-U (1982-84), 2007-11 8.0 Over-the-year percent changes 6.0 January 2011 AHE: 1.9 December 2010 CPI-U: 1.4 4.0 2.0 AHE 0.0 -2.0 CPI-U -4.0 Source: Bureau of Labor Statistics, Consumer Price Indexes program and Current Employment Statistics survey, February 4, 2011. Note: Most recent 2 months of data are preliminary. 5 • During January, the average workweek for all employees on private nonfarm payrolls fell by 0.1 hour to 34.2 hours. Similarly, the average workweek for production and nonsupervisory employees on private nonfarm payrolls declined by 0.1 hour to 33.4 hours. • Average hourly earnings of all employees rose by 8 cents in January to $22.86. Over the past 12 months, average hourly earnings have risen by 1.9 percent. • Between December 2009 and December 2010, the consumer price index for all urban consumers (CPI-U) grew by 1.4 percent. 3 Index of total private aggregate weekly hours of all employees 2006-11 105 Seasonally adjusted, 2007=100 100 95 90 January 2011 Level: 92.6 Percent change: -0.2 85 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Most recent 2 months of data are preliminary. 6 Index of total private aggregate weekly payrolls of all employees 2006-11 105 Seasonally adjusted, 2007=100 100 95 90 January 2011 Level: 100.9 Percent change: +0.1 85 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Most recent 2 months of data are preliminary. 7 • The index of aggregate weekly hours for all employees declined by 0.2 percent over the month. Since a reaching a low point in October 2009, the index has increased by 2.2 percent. • In January, the index of aggregate weekly payroll for all employees increased by 0.1 percent. 4 Employment in construction 2000-11 Seasonally adjusted, in thousands 8,000 8,000 7,500 7,500 7,000 7,000 6,500 6,500 6,000 6,000 January 2011 Level: 5,455 5,500 5,500 Change: -32 5,000 5,000 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. 8 Employment in construction Over-the-month change, January 2011 Seasonally adjusted, in thousands 10 6.7 5 January 2011 Prior 12-mo. avg. 1.9 0 -0.9 -5 -3.2 -3.0 -4.9 -6.7 -7.0 -6.4 -10 -15 -20 -21.6 -25 Residential building Nonresidential building Heavy and civil engineering Residential specialty trades Nonresidential specialty trades Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Data are preliminary. 9 • Employment in construction continued to trend downward in January, declining by 32,000. • Job losses occurred in construction of buildings (-10,000) and in nonresidential specialty trade contractors (-22,000). • Although the January job loss reflects recent trends, severe winter weather also may have impacted employment. The average workweek of all employees in the construction sector declined 0.8 hour in January. 5 Employment in manufacturing Over-the-month change, 2008-11 Seasonally adjusted, in thousands 100 38 50 9 0 27 49 32 15 14 12 -3 -12 -50 9 -34 -38 -33 -56 -56 -100 -68 -54 -6 -6 -29 -140 -175 -200 -28 -85 -88 -121 -131 -150 -46 -49 -51 -44 -171-175-173-172 -250 -300 -284 -350 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Most recent 2 months of data are preliminary. 10 • Manufacturing employment increased by 49,000 over the month. Since reaching an employment low in December 2009, manufacturers have added 161,000 positions. 6 Average weekly hours, manufacturing 2000-11 42.5 42.0 41.5 42.5 Production employees 42.0 Level: 41.0 41.5 Change: -0.2 41.0 41.0 40.5 40.5 40.0 40.0 39.5 All employees Level: 40.5 39.0 Change: +0.1 38.5 38.0 39.5 39.0 38.5 38.0 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. 11 Average weekly overtime hours, manufacturing, 2000-11 6.0 6.0 5.5 Production employees 5.0 Change: +0.1 Level: 4.0 5.5 5.0 4.5 4.5 4.0 4.0 3.5 3.5 3.0 2.5 All employees Level: 3.1 Change: 0.0 3.0 2.5 2.0 2.0 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. 12 • The average workweek week of all employees on manufacturing payrolls rose by 0.1 hour to 40.5 hours in January. Factory overtime was unchanged over the month. 7 Employment in durable goods manufacturing Over-the-month change, January 2011 Seasonally adjusted, in thousands Wood products 3 Nonmetallic mineral products Durable goods: 3 Primary metals 62 2 Fabricated metal products 13 Machinery 10 Computer and electronic products 5 Electrical equipment and appliances 1 Transportation equipment 20 Furniture and related products 3 Miscellaneous manufacturing 2 -6 -4 -2 0 2 4 6 8 10 12 14 16 18 20 22 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. 13 Employment in motor vehicles and parts Over-the-month change, 2008-11 Seasonally adjusted, in thousands 50 33.6 24.3 25 4.8 0 -0.4 -4.3 -1.1-1.4 -3.3-4.7 -10.6 -25 21.3 20.4 15.5 -18.4 -26.4 -13.5 -16.9 -19.4 -25.4 -10.6 2.2 5.0 6.6 -0.5 -7.6 -0.2 -1.9-2.3 -10.4 -20.4 -25.8 2.7 -1.4 -20.2 -33.3 -33.3 -50 -75 -82.6 -100 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Most recent 2 months of data are preliminary. 14 • Durable-goods industries boosted manufacturing payrolls by 62,000 jobs in January. • Employments gains occurred in motor vehicles and parts (+20,000), fabricated metal products (+13,000), machinery (+10,000), and in computer and electronic products (+5,000). These gains were partially offset by declines in nondurable goods manufacturing, which lost 13,000 jobs over the month. • The motor vehicles and parts industry typically experiences seasonal plant shutdowns in January. However, in 2011, the industry saw a small not seasonally adjusted job gain. 8 Employment in retail trade Over-the-month change, 2008-11 Seasonally adjusted, in thousands 90 60 35.1 15.9 -8.0 -60 17.7 10.8 2.8 0.4 0 -30 -13.2 -18.7 -19.9 -47.2 -34.7 -44.7 -60.8 -68.1 -13.8 -41.0 -50.4 27.5 26.3 24.9 30 -3.3 -12.5 -16.5-19.2 -6.7 -15.6 -47.6-47.1 -60.0 -63.3 -68.8 -90 -90.8 -78.2 -86.4 -103.8 -120 -130.4 -150 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Most recent 2 months of data are preliminary. 15 Employment in retail trade industries Over-the-month change, January 2011 Seasonally adjusted, in thousands Motor vehicle and parts dealers 3.6 Furniture and home furnishings stores -0.8 Electronics and appliance stores -2.5 Building material and garden supply stores 4.4 Food and beverage stores 1.3 Health and personal care stores 2.0 Gasoline stations -2.0 Clothing and clothing accessories stores 14.6 Sporting goods, hobby, book, and music stores -1.2 General merchandise stores 5.9 Miscellaneous store retailers 0.9 Retail trade: 27.5 Nonstore retailers 1.3 -18 -15 -12 -9 -6 -3 0 3 6 9 12 15 18 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Data are preliminary. 16 • Employment in retail trade rose by 28,000 in January. Since reaching an employment trough in December 2009, retail employment has risen by 123,000. • In January, clothing and clothing accessories stores accounted for about half of the employment gain in retail trade. Clothing stores have added 74,000 jobs since reaching an employment trough in October 2009. 9 Employment in transportation and warehousing Over-the-month change, 2008-11 Seasonally adjusted, in thousands 60 48.6 40 1.5 0.4 0 -4.3 -20 22.1 19.2 20 8.3 5.6 1.0 -12.1 -12.1 -17.1 3.8 -12.5 -14.8 -18.6 -20.2 -23.7 8.3 -0.7 -2.8 -2.9 -5.4 -13.1 -14.0 4.8 9.010.5 9.0 -27.3 -33.9 -40 -41.0 -40.3 -39.5 -38.0 -39.5 -45.1 -60 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Most recent 2 months of data are preliminary. 17 Employment in selected transportation and warehousing industries Over-the-month change, January 2011 Seasonally adjusted, in thousands Air transportation Transportation and warehousing: -38 0.6 Truck transportation 3.2 Transit and ground passenger transportation -1.2 Support activities for transportation 3.5 Couriers and messengers -44.8 Warehousing and storage -0.7 -60 -50 -40 -30 -20 -10 0 10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Data are preliminary. 18 • Transportation and warehousing employment decreased by 38,000 in January; this loss comes on the heels of an employment increase of 49,000 in December. • In January, couriers and messengers was the main driver of employment losses, cutting 45,000 positions. Courier services had experienced a strong buildup in December for the holiday delivery season, followed by a similarly large seasonal layoff in January. Over the 2-month span, employment in courier services changed little. 10 Employment in professional and business services 2000-11 Seasonally adjusted, in thousands 19,000 19,000 18,500 18,500 18,000 18,000 17,500 17,500 17,000 17,000 16,500 16,500 January 2011 16,000 16,000 Level: 16,929 Change: +31 15,500 15,500 15,000 15,000 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. 19 Employment in temporary help services Over-the-month change, 2008-11 Seasonally adjusted, in thousands 120 90 59.3 60 47.5 56.6 38.0 30 22.7 3.0 0 -4.9 -30 -60 -28.6 -29.8 -34.5-32.3 -40.6 -120 38.1 30.2 -17.3 -24.0 -66.9 -90 21.1 -7.0 -15.5 -28.7 -34.6 30.0 16.919.9 18.6 27.226.8 6.7 -2.8 -11.4 -54.7-56.2 -66.6 -73.4 -77.9 -113.8 -150 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Most recent 2 months of data are preliminary. 20 • Employment in professional and business services continued to trend up in January. Since a reaching an employment trough in September 2009, the industry has added 546,000 jobs. • Although temporary help services has been the main driver of job growth since the trough, employment in the industry changed little in January. 11 Employment in health care Over-the-month change, 2008-11 Seasonally adjusted, in thousands 50 40 37.0 34.5 33.0 30 30.529.9 31.7 31.5 25.6 24.2 20 30.1 27.8 23.8 18.5 27.1 24.7 24.4 23.6 22.4 21.9 21.0 20.2 19.1 23.2 18.9 19.8 16.4 13.7 14.1 17.3 15.7 14.6 12.3 12.1 10 26.7 23.3 10.6 7.7 0 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Most recent 2 months of data are preliminary. 21 Employment in selected health care industries Over-the-month change, January 2011 Seasonally adjusted, in thousands 8 Ambulatory health care services* 13.8 2.1 Offices Officesofofphysicians physicians 2.1 January 2011: +10.6 2.5 Outpatient care centers Outpatient care centers Prior 12-mo. avg.: +21.9 2.6 4.3 Homehealth health care care services Home services 3.6 0.7 Hospitals 3.2 1.9 Nursing and residential care facilities 4.9 -10 0 10 20 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 4, 2011. Note: Data are preliminary. * Includes additional component industries not shown separately. 22 • In January, health care employment continued to trend up over the month (+11,000). Over the prior 12 months, health care has added an average of 22,000 jobs per month. 12
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