Bureau of Labor Statistics Current Employment Statistics Highlights August 2011 Bureau of Labor Statistics September 2, 2011 Employment in total nonfarm January 2000–August 2011 Seasonally adjusted, in thousands 140,000 138,000 136,000 134,000 132,000 130,000 128,000 126,000 August 2011 Level: 131,132 Change: 0 124,000 122,000 120,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, September 02, 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–August 2011 Seasonally adjusted, in thousands 458 600 235 194 217 -192 -39 -35 -130 -55 -386 -726 -796 -660 -802 -800 -820 -619 -600 -502 -434 -509 -400 -300 -231 -236 -221 -185 -233 -178 -231 -267 -83 -72 -200 -49 -59 -29 0 53 20 85 0 68 152 13 93 200 171 192 277 400 -1,000 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, September 02, 2011. Most recent 2 months of data are preliminary. • Nonfarm payroll employment was unchanged in August. • Monthly job gains have averaged 40,000 per month over the last 4 months, compared to 179,000 per months during the first 4 months of the year. 2 Employment in total nonfarm Total nonfarm: 0 Over-the-month change, August 2011 Seasonally adjusted, in thousands Mining and logging 5 Construction -5 Manufacturing -3 Wholesale trade 1.6 Retail trade -7.8 Transportation and warehousing -2.4 Utilities 0.5 Information -48 Financial activities 3 Professional and business services 28 34 Other services 9 Government -17 -60 -40 -20 Education and health services Leisure and hospitality 2 0 20 40 Source: Bureau of Labor Statistics, Current Employment Statistics survey, September 02, 2011. Note: Data are preliminary. Employment in total private January 2000–August 2011 Seasonally adjusted, in thousands 120,000 118,000 116,000 114,000 112,000 110,000 108,000 106,000 August 2011 Level: 109,170 Change: 17 104,000 102,000 100,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, September 02, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • In August, job gains continued in health care, professional and technical services, and mining. Government employment continued to fall even though Minnesota state government employees returned from a shutdown in July. A strike in telecommunications more than offset the return of those state government workers. • Employment in the private sector was little changed (+17,000) over the month. Since reaching a recent employment low in February 2010, the private sector has added 2.4 million jobs—an average of 133,000 per month. 3 Average weekly hours, total private January 2000–August 2011 Seasonally adjusted 35.0 All employees Level: 34.2 Change: -0.1 34.5 34.0 33.5 Production employees Level: 33.5 Change: -0.1 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, September 02, 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–August 2011 102 Seasonally adjusted, 2007=100 100 98 96 94 92 August 2011 Level: 93.6 Change: -0.2% 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, September 02, 2011. Most recent 2 months of data are preliminary. • The average workweek for all employees on private nonfarm payrolls edged down by 0.1 hour over the month to 34.2 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged down to 33.5 hours in August, after holding at 33.6 for the prior 6 months. • The index of aggregate weekly hours for all employees in the private sector declined 0.2 percent in August. Since reaching a low point in October 2009, the index has increased by 3.3 percent. 4 Average hourly earnings, all employees, and CPI–U* March 2007–August 2011 Seasonally adjusted 6.0 August 2011 Earnings: 1.9 July 2011 CPI-U: 3.6 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, September 02, 2011. Most recent 2 months of data are preliminary. * 1982–84=100 Index of aggregate weekly payrolls Total private, all employees March 2006–August 2011 104 Seasonally adjusted, 2007=100 102 100 98 96 94 August 2011 Level: 103 Change: -0.4% 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, September 02, 2011. Most recent 2 months of data are preliminary. • Average hourly earnings for all employees in the private sector decreased by 3 cents, or 0.1 percent, to $23.09 in August. This decline followed an 11-cent gain in July. Over the past 12 months, average hourly earnings have increased by 1.9 percent. The Consumer Price Index for All Urban Consumers (CPI-U) was up 3.6 percent over the year ending in July. • The index of aggregate weekly payrolls of all private sector employees fell 0.4 percent over the month. Since reaching a low point in June 2009, the index has increased by 6.8 percent. 5 Employment in mining and logging January 2000–August 2011 Seasonally adjusted, in thousands 850 August 2011 Level: 803 Change: 5 800 750 700 650 600 550 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, September 02, 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 continued to trend up in August (+6,000). Since reaching a trough in October 2009, employment in mining has risen by 144,000, with support activities for mining accounting for most of the gains. 6 Employment in manufacturing Over-the-month change, January 2008–August 2011 Seasonally adjusted, in thousands 7 14 36 37 20 28 15 11 12 9 9 50 32 38 27 53 100 -200 -3 -6 -6 -171 -175 -173 -172 -175 -150 -140 -131 -121 -100 -29 -54 -46 -49 -51 -44 -28 -12 -34 -38 -56 -33 -56 -68 -85 -88 -50 -3 0 -250 -284 -300 -350 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, September 02, 2011. Most recent 2 months of data are preliminary. Average weekly hours, manufacturing January 2000–August 2011 Seasonally adjusted 42.5 Production employees Level: 41.3 Change: -0.1 42.0 41.5 41.0 40.5 40.0 39.5 All employees Level: 40.3 Change: 0.0 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, September 02, 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 following a large gain of 36,000 in July. From January through April of this year, job growth in the industry averaged 35,000 per month, but has since slowed to an average of 14,000 per month. • In August, the factory workweek was 0.1 hour shorter for production and nonsupervisory employees, while average weekly hours for all employees remained unchanged. 7 Employment in transportation equipment Over-the-month change, January 2008–August 2011 Seasonally adjusted, in thousands 2 3 3 0 5 1 14 -2 -19 -12 -12 -26 -35 -28 -43 -37 -42 -40 -2 -2 -4 -1 -18 -15 -24 -18 -20 -15 -9 -4 -1 0 0 -1 -3 1 3 3 3 5 6 11 20 22 23 26 28 40 -60 -91 -80 -100 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, September 02, 2011. Most recent 2 months of data are preliminary. • Transportation equipment employment was little changed (+1,000) in August, following an increase of 14,000 in July. • These changes resulted primarily from the motor vehicles and parts industry. In August, employment in motor vehicles and parts edged down by 3,000 after rising by 11,000 in July. The industry showed a smaller-than-normal return from July shutdowns in August. Several plants that had traditionally shut down for maintenance and retooling were kept open through the month of July. The result was a seasonally adjusted job gain in July and a seasonally adjusted job loss in August. 8 Employment in information Over-the-month change, January 2008–August 2011 Seasonally adjusted, in thousands -4 1 0 -7 -10 -14 -13 -10 -30 -25 -14 -14 -15 -11 -12 -10 -20 -23 -23 -30 -5 -5 -6 -4 -7 -13 -12 -14 -10 -9 -20 -3 -2 -1 -1 -2 -1 -3 -10 -1 0 -2 -3 1 2 5 5 10 -40 -48 -50 -60 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, September 02, 2011. Most recent 2 months of data are preliminary. • Employment in the information industry declined by 48,000 in August; about 45,000 telecommunication workers were on strike and thus off company payrolls during the survey reference period. 9 Employment in professional and business services January 2000–August 2011 Seasonally adjusted, in thousands 19,000 August 2011 Level: 17,211 Change: 28 18,500 18,000 17,500 17,000 16,500 16,000 15,500 15,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, September 02, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • In August, employment in professional and business services increased by 28,000. Since reaching a low in September 2009, the industry has averaged job growth of 36,000 per month. 10 Employment in selected professional and business services Professional and business services: 28 Over-the-month change, August 2011 Seasonally adjusted, in thousands Professional and technical˚ 16.1 - Accounting and bookkeeping -0.8 - Architectural and engineering 3.5 - Computer systems design 7.7 - Management and technical consulting 6.0 Management of companies -0.7 Administrative and waste services˚ 13.0 - Employment services 11.9 - Services to buildings 3.1 -5 0 5 10 15 20 Source: Bureau of Labor Statistics, Current Employment Statistics survey, September 02, 2011. Note: Data are preliminary. ˚Includes additional component industries not shown seperately. Employment in temporary help services January 2000–August 2011 Seasonally adjusted, in thousands 2,700 2,600 2,500 2,400 2,300 2,200 2,100 2,000 August 2011 Level: 2,240 Change: 5 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, September 02, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • In August, employment in professional and technical services continued to trend up (+16,000). Computer systems design accounted for half of this increase. • Employment in temporary help services changed little over the month. The industry had been a primary driver of job growth in administrative services after the 2007-2009 recession, but employment in the industry has changed little since March. 11 Employment in selected health care industries Over-the-month change, August 2011 Seasonally adjusted, in thousands 18.1 Ambulatory health care services˚ - Offices of physicians 5.6 - Outpatient care centers 1.4 - Home health care services 6.3 Hospitals 7.7 Nursing and residential care 3.9 0 Health care industries: 30 5 10 15 20 Source: Bureau of Labor Statistics, Current Employment Statistics survey, September 02, 2011. Note: Data are preliminary. ˚Includes additional component industries not shown seperately. • Health care employment rose by 30,000 in August. Ambulatory health care services and hospitals added 18,000 and 8,000 jobs, respectively. Over the past 12 months, health care employment has grown by 306,000. 12 Employment in government January 2000–August 2011 Seasonally adjusted, in thousands 23,000 22,500 22,000 21,500 21,000 August 2011 Level: 21,962 Change: -17 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, September 02, 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 selected government Over-the-month change, August 2011 Government: -17 Seasonally adjusted, in thousands Federal, except U.S. Postal Service 3.1 U.S. Postal Service -4.7 State government education -1.4 5.8 Local government education -13.7 Local government, excluding education -6.3 -18 State government, excluding education -13 -8 -3 2 7 Source: Bureau of Labor Statistics, Current Employment Statistics survey, September 02, 2011. Note: Data are preliminary. • Government employment continued to trend down over the month (-17,000). • Employment in state government was little changed (+5,000) in August, despite the return of about 22,000 Minnesota government workers from a partial government shutdown in July. • Employment in local government continued to decline. Since employment peaked in September 2008, local government has lost 550,000 jobs. 13
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