Bureau of Labor Statistics Current Employment Statistics Highlights October 2011 Bureau of Labor Statistics November 4, 2011 Employment in total nonfarm January 2000–October 2011 Seasonally adjusted, in thousands 140,000 138,000 136,000 134,000 132,000 130,000 128,000 126,000 October 2011 Level: 131,516 Change: 80 124,000 122,000 120,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 04, 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–October 2011 Seasonally adjusted, in thousands 235 194 217 53 20 68 152 13 93 200 171 192 277 400 127 104 158 80 458 600 -192 -39 -35 -130 -55 -386 -802 -800 -820 -726 -796 -660 -619 -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 Jul-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 04, 2011. Most recent 2 months of data are preliminary. • Nonfarm payroll employment continued to trend up at a modest pace in October (+80,000). • Over the past 12 months, payroll employment has increased by an average of 125,000 per month. • Since an employment trough in February 2010, nonfarm employment has expanded by 2.3 million. 2 Employment in total nonfarm Total nonfarm: 80 Over-the-month change, October 2011 Seasonally adjusted, in thousands Mining and logging 5 Construction -20 Manufacturing 5 Wholesale trade 8 Retail trade 18 Transportation and warehousing 9 Utilities -1 Information -5 Financial activities 4 Professional and business services 32 Education and health services 28 Leisure and hospitality 22 Other services -2 Government -24 -40 -20 0 20 40 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 04, 2011. Note: Data are preliminary. Employment in total private January 2000–October 2011 Seasonally adjusted, in thousands 120,000 118,000 116,000 114,000 112,000 110,000 108,000 106,000 October 2011 Level: 109,537 Change: 104 104,000 102,000 100,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 04, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • In October, a job gain in private-sector employment (+104,000) was partially offset by a loss in government (-24,000). No major private-sector industry stood out with significant employment changes over the month. However, employment growth continued in professional and business services, leisure and hospitality, health care, and mining. Since total nonfarm employment reached a trough in February 2010, the private sector has added 2.8 million jobs, while government has cut about one-half million jobs. • The private sector has now recovered 31 percent of jobs lost in the peak-to-trough period of January 2008 to February 2010. 3 Average weekly hours, total private January 2000–October 2011 Seasonally adjusted 35.0 All employees Level: 34.3 Change: 0.0 34.5 34.0 33.5 Production employees Level: 33.7 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, November 04, 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–October 2011 102 Seasonally adjusted, 2007=100 100 98 96 94 October 2011 Level: 94.2 Change: 0.1% 92 90 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 04, 2011. Most recent 2 months of data are preliminary. • In October, the average workweek for all employees on private nonfarm payrolls was unchanged at 34.3 hours. The all-employee workweek is now 0.6 hour longer than when it reached its low in June 2009. • The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged up 0.1 hour to 33.7 hours in October. The production and nonsupervisory employee workweek has grown 0.7 hour since reaching a trough in October 2009, but is still 0.2 hour below its June 2007 peak. • The index of aggregate weekly hours for all employees in the private sector rose 0.1 percent in October. Since reaching a low point in October 2009, the index has increased by 4.0 percent. 4 Average hourly earnings, all employees, and CPI–U* March 2007–October 2011 Seasonally adjusted 6.0 October 2011 Earnings: 1.8 September 2011 CPI-U: 3.9 Over-the-year percent change 5.0 4.0 3.0 2.0 1.0 0.0 -1.0 -2.0 Total private earnings -3.0 Mar-07 Sep-07 Mar-08 Sep-08 CPI–U Mar-09 Sep-09 Mar-10 Sep-10 Mar-11 Sep-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 04, 2011. Most recent 2 months of data are preliminary. * 1982–84=100 Index of aggregate weekly payrolls Total private, all employees March 2006–October 2011 106 Seasonally adjusted, 2007=100 104 102 100 98 October 2011 Level: 104.1 Change: 0.3% 96 94 92 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 04, 2011. Most recent 2 months of data are preliminary. • Average hourly earnings for all employees in the private sector increased by 5 cents to $23.19 in October. • Over the past year, average hourly earnings of all employees have increased 1.8 percent. The Consumer Price Index for All Urban Consumers (CPI-U) was up 3.9 percent from September 2010 to September 2011. • The index of aggregate weekly payrolls of all private sector employees rose 0.3 percent over the month. Since reaching a low point in June 2009, the index has increased by 8.0 percent. 5 Employment in mining and logging January 2000–October 2011 Seasonally adjusted, in thousands 850 October 2011 Level: 810 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, November 04, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • Mining and logging employment ticked up 5,000 in October. Over the past 3 months, the pace of job growth slowed. • Mining employment edged up in October (+6,000); oil and gas extraction accounted for half of the increase. • Since reaching a trough in October 2009, mining employment has risen by 152,000, with support activities for mining accounting for most of the gains (+110,000). 6 Employment in construction Over-the-month change, January 2008–October 2011 Seasonally adjusted, in thousands 5 4 3 10 17 16 20 27 39 50 -101 -20 -20 -14 -7 -6 -2 -8 -6 -37 -138 -113 -162 -144 -154 -150 -96 -100 -44 -62 -52 -78 -79 -68 -57 -56 -55 -73 -75 -69 -65 -56 -42 -39 -31 -50 -30 -15 -18 -11 0 -200 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, November 04, 2011. Most recent 2 months of data are preliminary. Employment in construction Construction: -20 Over-the-month change, October 2011 Seasonally adjusted, in thousands Residential building 3.3 Nonresidential building -4.5 Heavy and civil engineering 3.7 Residential specialty trades 0.4 Nonresidential specialty trades -22.5 -30 -20 -10 0 10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 04, 2011. Note: Data are preliminary. • Construction employment declined by 20,000 in October, largely offsetting an increase of 27,000 in September. Employment changes in both months were concentrated in nonresidential construction. • Since reaching a trough in January 2011, employment in construction has remained essentially flat and is currently 2.2 million below its April 2006 peak. 7 Employment in manufacturing Over-the-month change, January 2008–October 2011 Seasonally adjusted, in thousands 5 7 14 34 37 20 28 15 11 12 9 9 50 32 38 27 53 100 -200 -1 -3 -6 -6 -171 -175 -173 -172 -140 -131 -121 -175 -150 -29 -54 -46 -49 -51 -44 -28 -12 -34 -38 -56 -33 -56 -68 -85 -88 -50 -100 -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, November 04, 2011. Most recent 2 months of data are preliminary. Employment in durable goods Over-the-month change, October 2011 Durable goods: 11 Seasonally adjusted, in thousands Wood products 0.2 Nonmetallic mineral products -0.8 Primary metals 2.3 Fabricated metal products 0.6 Machinery 3.9 Computer and electronic products -1.1 Electrical equipment and appliances 0.5 Transportation equipment 9.5 Furniture and related products -1.1 Miscellaneous manufacturing -2.4 -5 0 5 10 15 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 04, 2011. Note: Data are preliminary. • Manufacturing employment remained essentially unchanged for a third consecutive month. • In October, a job gain of 11,000 in durable goods was partially offset by a decrease of 6,000 in nondurable goods. • In October, transportation equipment manufacturers added 10,000 jobs. Motor vehicles and parts accounted for 6,000 of this gain. This industry has added 88,000 jobs since reaching an employment trough in 2009. Employment in motor vehicles and parts, however, remains 26 percent lower than at the start of the recent recession in December 2007. 8 Average weekly hours, manufacturing January 2000–October 2011 Seasonally adjusted 42.5 Production employees Level: 41.5 Change: 0.2 42.0 41.5 41.0 40.5 40.0 39.5 All employees Level: 40.5 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, November 04, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • In October, the factory workweek for all employees rose 0.2 hour, while overtime hours were unchanged. Over the past year, the all-employees factory workweek has been the longest since the series inception in 2006. • Flat employment combined with a longer workweek resulted in a 0.6 percent increase in the index of aggregate weekly hours in manufacturing. 9 Employment in retail trade January 2000–October 2011 Seasonally adjusted, in thousands 16,000 15,800 15,600 15,400 15,200 15,000 14,800 14,600 October 2011 Level: 14,613 Change: 18 14,400 14,200 14,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 04, 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 retail trade trended up in October (+18,000). • October’s retail employment gains stemmed from a 10,000-job increase in general merchandise stores and a job increase of 6,000 in motor vehicle and parts dealers. • Since an employment trough in December 2009, retailers have added an average 12,000 jobs per month. 10 Employment in transportation and warehousing January 2000–October 2011 Seasonally adjusted, in thousands 4,600 4,500 4,400 4,300 4,200 October 2011 Level: 4,286 Change: 9 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, November 04, 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 edged up by 9,000 in October, roughly in line with the recent trend. 11 Employment in professional and business services January 2000–October 2011 Seasonally adjusted, in thousands 19,000 October 2011 Level: 17,321 Change: 32 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, November 04, 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 professional and business services Over-the-month change, October 2011 Seasonally adjusted, in thousands Professional and technical˚ 3.2 - Accounting and bookkeeping 2.0 - Architectural and engineering -2.2 - Computer systems design 2.9 - Management and technical consulting 3.8 Management of companies 4.2 Administrative and waste services˚ 25.4 - Employment services 14.4 - Services to buildings 7.1 -10 Professional and business services: 32 0 10 20 30 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 04, 2011. Note: Data are preliminary. ˚Includes additional component industries not shown seperately. • Job growth continued in professional and business services over the month (+32,000). Since a September 2009 trough, employment in the sector has risen by an average 38,000 per month. • Within administrative waste services, employment growth in October (+25,000) continued at about the same pace as the prior 12 months. Temporary help services represents about 30 percent of employment in administrative and waste services, yet, it accounted for about 60 percent of both the over-the-month and over-the-year job gains. • In October, employment was flat in professional and technical services (+3,000), following average monthly job gains of 23,000 over the prior 12 months. Employment was flat across professional and technical services component industries. 12 Employment in temporary help services January 2000–October 2011 Seasonally adjusted, in thousands 2,700 2,600 2,500 2,400 2,300 2,200 2,100 2,000 October 2011 Level: 2,306 Change: 15 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, November 04, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • Employment gains in temporary help services have picked up over the past 4 months, averaging 18,000 per month from July to October—an improvement from the average gain of 5,000 jobs per month during the first half of 2011. 13 Employment in health care Over-the-month change, January 2008–October 2011 Seasonally adjusted, in thousands 45 50 45 36 33 35 32 28 30 27 28 23 20 20 25 12 13 17 8 10 15 16 16 12 12 14 14 15 23 24 21 19 20 22 24 22 23 24 19 20 19 25 27 28 30 31 33 24 26 30 30 30 35 37 40 5 0 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, November 04, 2011. Most recent 2 months of data are preliminary. Employment in selected health care industries Over-the-month change, October 2011 Seasonally adjusted, in thousands Ambulatory health care services˚ 4.8 - Offices of physicians 8.2 - Outpatient care centers 2.9 - Home health care services 2.0 Hospitals 3.3 Nursing and residential care 3.5 0 2 Health care industries: 12 4 6 8 10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 04, 2011. Note: Data are preliminary. ˚Includes additional component industries not shown seperately. • Following a very strong 45,000-job gain in September, health care employment changed little (+12,000) in October. Over the 2-month span, job growth was similar to the prior 12-month average. • In October, weak overall employment growth in health care was the result of little change across most component industries, although offices of physicians added 8,000 jobs. 14 Employment in leisure and hospitality January 2000–October 2011 Seasonally adjusted, in thousands 14,000 13,500 13,000 12,500 12,000 October 2011 Level: 13,275 Change: 22 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, November 04, 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 food services and drinking places January 2000–October 2011 Seasonally adjusted, in thousands 9,800 9,600 9,400 9,200 9,000 8,800 8,600 October 2011 Level: 9,562 Change: 13 8,400 8,200 8,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 04, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • Leisure and hospitality employment continued to trend up in October (+22,000). Job growth was little changed throughout much of the sector. • Since an employment trough in January 2010, leisure and hospitality has added 344,000 jobs. Nearly all of the job gains occurred in accommodation and food services. 15 Employment in government January 2000–October 2011 Seasonally adjusted, in thousands 23,000 22,500 22,000 21,500 21,000 October 2011 Level: 21,979 Change: -24 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, November 04, 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, October 2011 Government: -24 Seasonally adjusted, in thousands Federal, except U.S. Postal Service -4.5 U.S. Postal Service 2.7 State government education -4.3 State government, excluding education -15.6 Local government education 1.2 Local government, excluding education -3.5 -20 -15 -10 -5 0 5 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 04, 2011. Note: Data are preliminary. • Government employment continued to trend down in October (-24,000). Government has lost 323,000 jobs over the past year. • In October, government jobs losses were concentrated in state government, excluding education, which lost 16,000 jobs as budgets remained tight. 16 Employment in state and local government January 2007 - October 2011 Seasonally adjusted, in thousands 14,700 5,300 14,600 Local 14,500 State government 5,200 14,400 State 5,150 14,300 5,100 Local government 5,250 14,200 5,050 14,100 5,000 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 14,000 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 04, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • State government and local government have reduced their workforce by 2.9 percent and 3.4 percent since reaching their respective employment peaks in 2008. 17
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