Bureau of Labor Statistics Current Employment Statistics Highlights May 2011 Bureau of Labor Statistics June 3, 2011 Employment in total nonfarm January 2000–May 2011 Seasonally adjusted, in thousands 140,000 138,000 136,000 134,000 132,000 130,000 128,000 126,000 May 2011 Level: 131,043 Change: 54 124,000 122,000 120,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. Employment in total nonfarm Over-the-month change, January 2008–May 2011 Seasonally adjusted, in thousands 458 600 54 235 194 232 68 152 13 93 200 171 192 277 400 -192 -39 -35 -130 -55 -386 -802 -800 -619 -820 -726 -796 -660 -600 -502 -434 -509 -400 -300 -231 -236 -221 -185 -233 -178 -231 -267 -83 -72 -200 -49 -59 -29 0 -1,000 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Most recent 2 months of data are preliminary. • Nonfarm payroll employment changed little in May, following average increases of 220,000 in the prior 3 months. • Total nonfarm employment has increased by 1.8 million, or 1.4 percent, since its trough in February of 2010. Between January 2008 and February 2010, the U.S. economy had lost 8.8 million jobs. 2 Employment in total nonfarm Over-the-month change, May 2011 Total nonfarm: 54 Seasonally adjusted, in thousands Mining and logging 6 Construction 2 Manufacturing -5 Wholesale trade 3 Retail trade -9 Transportation and warehousing 8 Utilities 1 Information -1 Financial activities 3 Professional and business services 44 Education and health services 34 Leisure and hospitality -6 Other services 3 Government -29 -40 -20 0 20 40 60 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Note: Data are preliminary. • Employment gains in both professional and business services and education and health services were offset by losses in government. • Employment in other major industries changed little in May. 3 Average weekly hours, total private January 2000–May 2011 Seasonally adjusted 35.0 All employees Level: 34.4 Change: 0.0 34.5 34.0 33.5 Production employees Level: 33.6 Change: 0.0 33.0 32.5 32.0 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. Index of aggregate weekly hours Total private, all employees March 2006–May 2011 102 Seasonally adjusted, 2007=100 100 98 96 94 May 2011 Level: 93.9 Change: 0.1% 92 90 Mar-06 Sep-06 Mar-07 Sep-07 Mar-08 Sep-08 Mar-09 Sep-09 Mar-10 Sep-10 Mar-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Most recent 2 months of data are preliminary. • Average weekly hours for both all employees and production employees remained unchanged in May. • The index of aggregate weekly hours for all employees in the private sector increased by 0.1 percent. Since a low point in October 2009, the index has increased by 3.6 percent. 4 Average hourly earnings, all employees, and CPI–U* March 2007–May 2011 Seasonally adjusted 6.0 May 2011 Earnings: 1.8 April 2011 CPI-U: 3.1 Over-the-year percent change 5.0 4.0 3.0 2.0 1.0 0.0 -1.0 -2.0 Total private earnings CPI–U -3.0 Mar-07 Sep-07 Mar-08 Sep-08 Mar-09 Sep-09 Mar-10 Sep-10 Mar-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Most recent 2 months of data are preliminary. * 1982–84=100 Index of aggregate weekly payrolls Total private, all employees March 2006–May 2011 104 Seasonally adjusted, 2007=100 102 100 98 96 May 2011 Level: 102.9 Change: 0.4% 94 92 Mar-06 Sep-06 Mar-07 Sep-07 Mar-08 Sep-08 Mar-09 Sep-09 Mar-10 Sep-10 Mar-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Most recent 2 months of data are preliminary. • Average hourly earnings of all employees in the private sector increased by 6 cents in May to $22.98. Hourly earnings are up 1.8 percent over the year. • Between April of 2010 and April 2011 the consumer price index for all urban consumers (CPI-U) increased by 3.1 percent. • The index of aggregate weekly payrolls of all employees in the private sector increased by 0.4 percent in May. Since reaching a low point in June 2009, the end of the latest recession, the index has rebounded 6.7 percent. 5 Employment in mining and logging Over-the-month change, January 2008–May 2011 Seasonally adjusted, in thousands 15 20 8 5 5 6 7 6 5 5 -10 -8 -8 -8 -5 -7 -6 -5 -1 -8 -3 -1 0 -1 0 1 2 5 2 5 6 7 7 6 6 5 6 7 8 9 10 9 11 15 -16 -20 -20 -17 -16 -15 -25 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Most recent 2 months of data are preliminary. • Employment in mining and logging continued to trend up in May. • Mining and logging has added 113,000 jobs, since reaching a low point in October 2009. Between September 2008 and October 2009 the industry had shed 123,000 jobs. 6 Employment in construction January 2000–May 2011 Seasonally adjusted, in thousands 7,400 6,900 6,400 May 2011 Level: 5,529 Change: 2 5,900 5,400 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. Employment in construction Construction: 2 Over-the-month change, May 2011 Seasonally adjusted, in thousands Residential building -5.9 Nonresidential building 0.6 Heavy and civil engineering 3.1 Residential specialty trades 14.1 Nonresidential specialty trades -9.9 -15 -10 -5 0 5 10 15 20 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Note: Data are preliminary. • Construction employment changed little in May. Residential specialty trade contractors added 14,000 jobs while residential building (-6,000) and nonresidential specialty trades (-10,000) lost jobs. 7 Employment in manufacturing Over-the-month change, January 2008–May 2011 Seasonally adjusted, in thousands 15 11 32 12 9 9 38 27 50 37 20 24 53 100 -200 -5 -6 -6 -171 -175 -173 -172 -175 -150 -140 -131 -121 -100 -29 -34 -38 -56 -33 -56 -68 -85 -88 -54 -46 -49 -51 -44 -28 -12 -3 0 -50 -250 -284 -300 -350 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Most recent 2 months of data are preliminary. Average weekly hours, manufacturing January 2000–May 2011 Seasonally adjusted 42.5 Production employees Level: 41.4 Change: 0.0 42.0 41.5 41.0 40.5 40.0 39.5 All employees Level: 40.6 Change: 0.2 39.0 38.5 38.0 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • Manufacturing employment changed little in May. From a recent low point in December 2009 through April 2011, manufacturing added 243,000 jobs. • The 1-month diffusion index in manufacturing fell from 64.8 in April to 54.9 in May, the lowest reading since October 2010. The index measures the dispersion of employment change across industries; a value above 50 indicates that more industries are adding jobs than losing jobs. • Average weekly hours for production workers remained unchanged, while average weekly hours for all employees increased by 0.2 hour. 8 Employment in retail trade Over-the-month change, January 2008–May 2011 Seasonally adjusted, in thousands 64 100 18 -9 -6 -16 -7 -13 -17 -19 -14 -48 -47 -41 -50 -130 -104 -91 -100 -78 -86 -63 -69 -60 -68 -61 -47 -50 -35 -45 -20 -13 -19 -8 -3 0 0 0 6 11 16 25 26 31 35 50 -150 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Most recent 2 months of data are preliminary. • Retail trade employment was essentially flat in May, following an increase of 64,000 in April. • Much of the gain in April was due to 27,000 jobs added within general merchandise stores, which had offset job loss of equal magnitude in March. 9 Employment in transportation and warehousing January 2000–May 2011 Seasonally adjusted, in thousands 4,600 4,500 4,400 4,300 4,200 May 2011 Level: 4,261 Change: 8 4,100 4,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • Employment in transportation and warehousing changed little in May. • Since reaching an employment low in February 2010, transportation and warehousing has added 118,000 jobs, or 28 percent of the jobs lost during its most recent downturn. 10 Employment in financial activities January 2000–May 2011 Seasonally adjusted, in thousands 8,400 May 2011 Level: 7,612 Change: 3 8,300 8,200 8,100 8,000 7,900 7,800 7,700 7,600 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • Employment in financial activities changed little in May and has remained flat since August 2010. • Since reaching an employment peak in December 2006, financial activities has lost 739,000 jobs. 11 Employment in professional and business services Over-the-month change, January 2008–May 2011 Seasonally adjusted, in thousands 38 50 44 58 51 30 2 3 7 8 25 26 31 31 50 40 43 66 69 75 85 100 -2 -29 -26 -108 -130 -113 -100 -110 -71 -64 -77 -68 -61 -45 -34 -59 -50 -6 -6 0 -200 Jan-08 Jul-08 -183 -181 -151 -150 -150 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Most recent 2 months of data are preliminary. Employment in selected professional and business services Over-the-month change, May 2011 Seasonally adjusted, in thousands Professional and technical˚ 40.3 - Accounting and bookkeeping 17.8 - Architectural and engineering 3.0 - Computer systems design 8.2 - Management and technical consulting 5.2 Management of companies 4.9 Administrative and waste services˚ -0.6 -10 Professional and business services: 44 -2.2 - Employment services -1.9 - Services to buildings 0 10 20 30 40 50 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Note: Data are preliminary. ˚Includes additional component industries not shown seperately. • Employment in professional and business services increased by 44,000 in May. • Roughly nine out of ten jobs added in May were in professional and technical services. • Accounting and bookkeeping services added 18,000 jobs over the month, and computer systems design added 8,000 jobs. 12 Employment in temporary help services January 2000–May 2011 Seasonally adjusted, in thousands 2,700 2,600 2,500 2,400 2,300 2,200 2,100 2,000 May 2011 Level: 2,245 Change: -1 1,900 1,800 1,700 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • Temporary help services employment was flat in May. Over the prior 6 months, the industry had accounted for roughly 55 percent of job growth within administrative and waste services. 13 Employment in health care Over-the-month change, January 2008–May 2011 Seasonally adjusted, in thousands 35 31 32 33 30 30 27 17 20 13 17 15 16 16 12 12 14 14 15 28 25 19 20 23 22 24 22 24 27 28 19 20 19 21 23 25 24 24 26 30 30 30 35 37 37 40 8 10 5 0 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Most recent 2 months of data are preliminary. • Health care continued its long-term trend of steady job growth in May (+17,000), slightly below the industry’s prior 12-month average (+24,000). 14 Employment in leisure and hospitality Over-the-month change, January 2008–May 2011 38 32 17 23 40 31 35 39 46 52 54 Seasonally adjusted, in thousands 60 1 2 2 20 -15 -6 -3 -5 -3 -24 -50 -63 -56 -51 -34 -35 -34 -31 -24 -51 -60 -55 -40 -28 -30 -29 -22 -20 -14 -12 -17 -9 -8 -3 -1 0 -80 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Most recent 2 months of data are preliminary. • Employment in leisure and hospitality changed little in May, after adding an average 44,000 jobs during the prior 3 months. • Small job losses in arts, entertainment, and recreation and in accommodation more than offset a small gain in food services and drinking places. 15 Employment in government January 2000–May 2011 Seasonally adjusted, in thousands 23,000 22,500 22,000 21,500 21,000 May 2011 Level: 22,127 Change: -29 20,500 20,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. Employment in state and local government January 2007 - May 2011 Seasonally adjusted, in thousands 5,500 15,000 5,450 14,900 5,400 14,800 14,700 Local 5,300 14,600 5,250 14,500 5,200 14,400 5,150 14,300 State 5,100 14,200 5,050 14,100 5,000 Jan-07 Local government State government 5,350 14,000 Aug-07 Mar-08 Oct-08 May-09 Dec-09 Jul-10 Feb-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 03, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • Government employment fell by 29,000 in May. Most of the losses occurred in local government education. • Local government has shed 446,000 jobs since an employment peak in September 2008. 16
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