Bureau of Labor Statistics Current Employment Statistics Highlights June 2011 Bureau of Labor Statistics July 8, 2011 Employment in total nonfarm January 2000–June 2011 Seasonally adjusted, in thousands 140,000 138,000 136,000 134,000 132,000 130,000 128,000 126,000 June 2011 Level: 131,017 Change: 18 124,000 122,000 120,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 08, 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–June 2011 Seasonally adjusted, in thousands 458 600 235 194 217 25 18 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, July 08, 2011. Most recent 2 months of data are preliminary. • Nonfarm payroll employment was essentially unchanged in June for the second consecutive month. • Job gains had averaged 215,000 during the prior 3 months from February through April. 2 Employment in total nonfarm Over-the-month change, June 2011 Total nonfarm: 18 Seasonally adjusted, in thousands Mining and logging 7 Construction -9 Manufacturing 6 Wholesale trade 7 Retail trade 5 Transportation and warehousing 4 0 Utilities 0 Information Financial activities -15 Professional and business services 12 Education and health services 0 34 Other services 5 Government -39 -60 Leisure and hospitality -40 -20 0 20 40 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 08, 2011. Note: Data are preliminary. • Job losses in government offset an employment gain in leisure and hospitality, while job growth continued in mining and logging. • Employment changed little among other nonfarm industries. 3 Employment in total private Over-the-month change, January 2008–June 2011 Seasonally adjusted, in thousands 144 229 48 65 93 110 109 143 128 167 94 261 219 241 73 57 400 -34 -102 -42 -21 -287 -215 -213 -250 -326 -721 -787 -773 -787 -800 -841 -636 -600 -438 -400 -434 -491 -200 -128 -87 -186 -240 -217 -265 -317 0 4 200 -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, July 08, 2011. Most recent 2 months of data are preliminary. • In June, private employment edged up by 57,000. • The average monthly job gain of 65,000 in May and June was substantially below the average monthly gain of 240,000 in the preceding 3 months. 4 Average weekly hours, total private January 2000–June 2011 Seasonally adjusted 35.0 All employees Level: 34.3 Change: -0.1 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, July 08, 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–June 2011 102 Seasonally adjusted, 2007=100 100 98 96 94 92 June 2011 Level: 93.6 Change: -0.3% 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, July 08, 2011. Most recent 2 months of data are preliminary. • Average weekly hours for all employees fell by 0.1 hour in June, while average weekly hours for production employees remained unchanged. • The index of aggregate weekly hours for all employees in the private sector declined by 0.3 percent, the largest 1-month decline since October 2009, when the index declined by 0.5 percent. 5 Average hourly earnings, all employees, and CPI–U* March 2007–June 2011 Seasonally adjusted 6.0 June 2011 Earnings: 1.9 May 2011 CPI-U: 3.4 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, July 08, 2011. Most recent 2 months of data are preliminary. * 1982–84=100 Index of aggregate weekly payrolls Total private, all employees March 2006–June 2011 104 Seasonally adjusted, 2007=100 102 100 98 96 94 June 2011 Level: 102.7 Change: -0.3% 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, July 08, 2011. Most recent 2 months of data are preliminary. • Average hourly earnings of all private-sector employees declined by 1 cent in June to $22.99; over the year, the series has increased 1.9 percent. • The consumer price index for all urban consumers (CPI-U) was up 3.4 percent over the year ending in May. • The index of aggregate weekly payrolls of all private-sector employees fell by 0.3 percent in June. Despite the decrease in June, the index has increased by 6.5 percent since reaching a trough in June 2009. 6 Employment in mining and logging January 2000–June 2011 Seasonally adjusted, in thousands 800 750 700 650 June 2011 Level: 786 Change: 7 600 550 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 08, 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 mining and logging Over-the-month change, January 2008–June 2011 Seasonally adjusted, in thousands 15 20 8 5 5 6 7 7 8 -1 -8 -10 -8 -8 -8 -5 -5 -7 -6 -3 -1 0 -1 0 1 2 2 5 5 5 6 7 7 7 6 6 5 6 5 9 9 10 11 11 15 -16 -17 -16 -15 -20 -20 -25 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 08, 2011. Most recent 2 months of data are preliminary. • Employment in mining and logging increased by 7,000 in June and has grown by an average 9,000 jobs per month so far this year. • Since reaching an employment low point in October 2009, mining and logging has added 125,000 jobs, reflecting a full recovery of the 123,000 jobs lost in the industry between September 2008 and October 2009. 7 Employment in selected construction industries January 2001-June 2011 Seasonally adjusted, in thousands 8,000 3,000 7,500 7,000 2,000 6,500 6,000 Construction employment Specialty trade employment 2,500 1,500 Residential specialty trade contractors 5,500 Nonresidential specialty trade contractors Construction 1,000 5,000 Jan-01 Jan-03 Jan-05 Jan-07 Jan-09 Jan-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 08, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • Construction employment in both residential and nonresidential specialty trade contractors was essentially unchanged in June. • After heavy losses from April 2006 to mid-2010, construction employment has been essentially unchanged on net over the past year. 8 Employment in manufacturing January 2000–June 2011 Seasonally adjusted, in thousands 18,000 June 2011 Level: 11,707 Change: 6 17,000 16,000 15,000 14,000 13,000 12,000 11,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 08, 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 durable goods Over-the-month change, June 2011 Durable goods: 15 Seasonally adjusted, in thousands Wood products -5.1 Nonmetallic mineral products -0.8 Primary metals 1.3 Fabricated metal products 7.8 Machinery 4.1 Computer and electronic products 2.0 Electrical equipment and appliances 0.7 2.3 Transportation equipment 2.5 Miscellaneous manufacturing Furniture and related products -0.2 -10 -5 0 5 10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 08, 2011. Note: Data are preliminary. • Manufacturing employment was little changed in June for the second consecutive month, following gains totaling 164,000 between November 2010 and April 2011. • In June, job gains in fabricated metal products were partially offset by a loss in wood products. • The 1-month diffusion index in manufacturing remained above 50 in June (52.5), but is below a recent high in January 2011. The index measures the dispersion of employment change across industries; a value of 50 indicates more industries are adding jobs than losing jobs. 9 Average weekly hours, manufacturing January 2000–June 2011 Seasonally adjusted 42.5 Production employees Level: 41.4 Change: -0.1 42.0 41.5 41.0 40.5 40.0 39.5 All employees Level: 40.3 Change: -0.3 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, July 08, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. Average weekly overtime hours, manufacturing January 2000–June 2011 Seasonally adjusted 6.0 Production employees Level: 4.1 Change: 0.0 5.5 5.0 4.5 4.0 3.5 3.0 All employees Level: 3.1 Change: -0.1 2.5 2.0 1.5 1.0 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 08, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • Average weekly hours for production workers in manufacturing fell by 0.1 hour, while average weekly hours for all employees in the industry fell by 0.3 hour. • Average weekly overtime hours for all employees in manufacturing fell by 0.1 hour to 3.1 hours in June. 10 Employment in financial activities January 2000–June 2011 Seasonally adjusted, in thousands 8,400 June 2011 Level: 7,611 Change: -15 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, July 08, 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 Over-the-month change, January 2008–June 2011 Seasonally adjusted, in thousands 14 20 5 1 1 -1 -15 -10 -1 0 1 -14 -8 -12 -10 -7 -9 -16 -12 -14 -12 -23 -25 -52 -53 -50 -51 -45 -40 -42 -34 -30 -33 -30 -25 -11 -17 -20 -20 -13 -7 -11 -10 -6 -2 0 0 0 5 10 -60 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 08, 2011. Most recent 2 months of data are preliminary. • Financial activities employment edged down by 15,000 in June. • The decline offset a small gain in May. • Financial activities employment has remained flat since August 2010. 11 Employment in selected professional and business services Professional and business services: 12 Over-the-month change, June 2011 Seasonally adjusted, in thousands Professional and technical˚ 24.2 - Accounting and bookkeeping 2.2 - Architectural and engineering 0.2 - Computer systems design 5.7 - Management and technical consulting 1.2 Management of companies -0.4 Administrative and waste services˚ -11.1 - Employment services -9.5 - Services to buildings -0.5 -20 -10 0 10 20 30 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 08, 2011. Note: Data are preliminary. ˚Includes additional component industries not shown seperately. Employment in temporary help services January 2000–June 2011 Seasonally adjusted, in thousands 2,700 2,600 2,500 2,400 2,300 2,200 2,100 2,000 June 2011 Level: 2,229 Change: -12 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, July 08, 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 professional and business services edged up by 12,000 in June. • A gain of 24,000 jobs in professional and technical services was partially offset by a loss of 12,000 jobs in temporary help services. • Temporary help services employment has been relatively flat thus far in 2011, averaging monthly gains of 4,000, down from an average job gain of 26,000 per month in 2010. 12 Employment in health care Over-the-month change, January 2008–June 2011 Seasonally adjusted, in thousands 30 30 27 18 20 17 13 15 16 16 12 12 14 14 15 28 23 22 22 24 25 27 28 24 21 19 20 19 19 20 23 24 24 25 14 31 32 33 33 26 30 30 30 35 35 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, July 08, 2011. Most recent 2 months of data are preliminary. Employment in selected health care industries Over-the-month change, June 2011 Seasonally adjusted, in thousands Ambulatory health care services˚ 16.5 - Offices of physicians 5.0 - Outpatient care centers 0.2 - Home health care services 5.3 Hospitals -4.0 Nursing and residential care 1.0 -10 -5 Health care industries: 14 0 5 10 15 20 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 08, 2011. Note: Data are preliminary. ˚Includes additional component industries not shown seperately. • Health care employment continued to increase in June. • The industry has added 369,000 jobs since total nonfarm reached a trough in February 2010 and has accounted for slightly more than 1 of every 5 nonfarm jobs added since then. • Ambulatory health care services added 17,000 jobs in June, mostly in offices of physicians and in home health care. 13 Employment in leisure and hospitality January 2000–June 2011 Seasonally adjusted, in thousands 14,000 13,500 13,000 12,500 12,000 June 2011 Level: 13,210 Change: 34 11,500 11,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 08, 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 leisure and hospitality Over-the-month change, January 2008–June 2011 29 34 38 17 23 40 31 35 39 46 52 54 Seasonally adjusted, in thousands 60 1 2 2 20 -3 -5 -3 -24 -15 -31 -24 -24 -50 -56 -51 -34 -35 -34 -63 -60 -55 -51 -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, July 08, 2011. Most recent 2 months of data are preliminary. • Employment in leisure and hospitality edged up by 34,000, following a decline of 24,000 in May. • In June, employment grew in both arts, entertainment, and recreation (+19,000) and in accommodation and food services (+15,000). 14 Employment in selected government Government: -39 Over-the-month change, June 2011 Seasonally adjusted, in thousands Federal, except U.S. Postal Service -10.2 U.S. Postal Service -3.7 State government education -0.6 State government, excluding education -6.1 Local government education -12.6 Local government, excluding education -5.9 -15 -10 -5 0 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 08, 2011. Note: Data are preliminary. Employment in state and local government January 2007 - June 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, July 08, 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 government declined by 39,000 in June. Local government education (-13,000) and federal, except U.S. Postal Service (-10,000) led the declines. • Employment in both state government and local government continued to trend down over the month and have been falling since the second half of 2008. • Since peaking in September 2008, local government employment has declined by 468,000, a 3.2 percent decrease. 15
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