Bureau of Labor Statistics Current Employment Statistics Highlights November 2011 Bureau of Labor Statistics December 2, 2011 Employment in total nonfarm January 2000–November 2011 Seasonally adjusted, in thousands 140,000 138,000 136,000 134,000 132,000 130,000 128,000 126,000 November 2011 Level: 131,708 Change: 120 124,000 122,000 120,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, December 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–November 2011 Seasonally adjusted, in thousands 458 600 100 120 127 104 210 235 194 217 53 20 171 152 13 93 200 68 192 277 400 -192 -39 -35 -130 -55 -386 -802 -800 -820 -726 -796 -660 -502 -434 -509 -619 -600 -300 -231 -236 -221 -185 -233 -178 -231 -267 -83 -72 -400 -49 -59 -29 0 -200 -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, December 02, 2011. Most recent 2 months of data are preliminary. • Nonfarm payroll employment rose 120,000 in November. • Over the prior 12 months, payroll employment had increased by an average of 131,000 per month. • Since an employment trough in February 2010, nonfarm employment has expanded by 2.5 million, indicating moderate labor market improvement. 2 Employment in total nonfarm Over-the-month change, November 2011 Total nonfarm: 120 Seasonally adjusted, in thousands Mining and logging 4 Construction -12 Manufacturing 2 Wholesale trade -2 Retail trade 50 Transportation and warehousing 8 Utilities 1 Information -4 Financial activities 8 Professional and business services 33 Education and health services 27 Leisure and hospitality 22 Other services 2 Government -20 -40 -20 0 20 40 60 Source: Bureau of Labor Statistics, Current Employment Statistics survey, December 02, 2011. Note: Data are preliminary. • In November, a job gain in private-sector employment (+140,000) was partially offset by a job loss in government (-20,000). Retail trade stood out with a significant job gain over the month. Employment growth continued in professional and business services, leisure and hospitality, and health care. • Nonfarm employment reached a trough in February 2010 and has since grown by 2.5 million. During this period, the private sector added 2.9 million jobs, while government cut about one-half million jobs. • The private sector has now recovered 33 percent of jobs lost in the peak-to-trough period of January 2008 to February 2010. 3 Average weekly hours, total private January 2000–November 2011 Seasonally adjusted 35.0 All employees Level: 34.3 Change: 0.0 34.5 34.0 33.5 Production employees Level: 33.6 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, December 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–November 2011 102 Seasonally adjusted, 2007=100 100 98 96 94 November 2011 Level: 94.3 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, December 02, 2011. Most recent 2 months of data are preliminary. • In November, the average workweek for all employees on private nonfarm payrolls was unchanged at 34.3 hours for the second consecutive month. The all-employee workweek is now 0.6 hour longer than when it reached a low in June 2009. • The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged down 0.1 hour to 33.6 hours in November. The production and nonsupervisory employee workweek has grown 0.6 hour since reaching a trough in October 2009 but is still 0.3 hour below its June 2007 peak. • The index of aggregate weekly hours for all employees in the private sector rose 0.1 percent in November. Since reaching a low point in October 2009, the index has increased by 4.1 percent. 4 Average hourly earnings, all employees, and CPI–U* March 2007–November 2011 Seasonally adjusted 6.0 November 2011 Earnings: 1.8 October 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 -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, December 02, 2011. Most recent 2 months of data are preliminary. * 1982–84=100 Index of aggregate weekly payrolls Total private, all employees March 2006–November 2011 106 Seasonally adjusted, 2007=100 104 102 100 98 November 2011 Level: 104.3 Change: 0.1% 96 94 92 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, December 02, 2011. Most recent 2 months of data are preliminary. • Over the past year, average hourly earnings of all employees have increased by 1.8 percent. The consumer price index for all urban consumers (CPI-U) was up 3.6 percent from October 2010 to October 2011. • Average hourly earnings for all employees in the private sector fell by 2 cents to $23.18 in November after increasing 12 cents over the prior 2 months. • The index of aggregate weekly payrolls of all private sector employees rose 0.1 percent over the month. Since reaching a low point in June 2009, the index has increased by 8.2 percent. 5 Employment in mining and logging January 2000–November 2011 Seasonally adjusted, in thousands 850 800 750 700 650 November 2011 Level: 815 Change: 4 600 550 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, December 02, 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 edged up 4,000 in November. Over the past 4 months, the pace of job growth slowed somewhat. • Since reaching a trough in October 2009, mining employment has risen by 156,000, with support activities for mining (+115,000) accounting for most of the gains. 6 Employment in construction January 2000–November 2011 Seasonally adjusted, in thousands 7,400 6,900 6,400 November 2011 Level: 5,522 Change: -12 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, December 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 November, construction employment edged down (-12,000) for the second consecutive month. • Losses continued to be concentrated in nonresidential construction. In November, nonresidential industry employment fell by 12,000, accounting for the entire decline in construction. • Since reaching a trough in January 2011, employment in construction has remained essentially flat, although the production employee workweek has expanded by 2.4 hours since reaching a low in October 2009. 7 Employment in manufacturing Over-the-month change, January 2008–November 2011 Seasonally adjusted, in thousands 34 14 6 2 7 15 11 32 12 9 9 38 27 50 37 20 28 53 100 -200 -1 -1 -6 -6 -140 -171 -175 -173 -172 -175 -150 -29 -54 -46 -49 -51 -44 -28 -12 -131 -121 -100 -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, December 02, 2011. Most recent 2 months of data are preliminary. • Manufacturing employment remained essentially unchanged for a fourth consecutive month. This stall in hiring occurred even as economic activity in the manufacturing sector continued to grow. 8 Employment in durable goods Over-the-month change, November 2011 Durable goods: 10 Seasonally adjusted, in thousands Wood products 0.7 Nonmetallic mineral products -0.3 Primary metals 1.0 Fabricated metal products 8.3 Machinery 3.8 Computer and electronic products -3.4 Electrical equipment and appliances -0.8 Transportation equipment 5.2 Furniture and related products -0.8 Miscellaneous manufacturing -3.0 -5 0 5 10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, December 02, 2011. Note: Data are preliminary. • In November, a job gain of 10,000 in durable goods was partially offset by a decrease of 8,000 in nondurable goods. • In November, transportation equipment manufacturers added 5,000 jobs. Motor vehicles and parts accounted for 1,000 of this gain. This industry has added 90,000 jobs since reaching an employment trough in June 2009, although, employment remains 27 percent lower than at the start of the recent recession. Over the past year, the industry has slowly and consistently expanded its workforce despite the Japanese earthquake and tsunami, and Thailand floods, both of which disrupted the motor vehicles and parts supply chain and inventories. 9 Employment in retail trade Over-the-month change, January 2008–November 2011 Seasonally adjusted, in thousands 50 64 100 29 13 23 3 3 -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 12 18 11 16 25 26 31 35 50 -150 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, December 02, 2011. Most recent 2 months of data are preliminary. • Employment in retail trade added 50,000 jobs in November, a much stronger gain than the prior 12-month average (+13,000). Seasonal hiring was stronger than it had been during recent years and resulted in the large seasonally adjusted employment gain. • November retail employment saw significant gains in electronics and appliance stores and clothing and clothing accessory stores. 10 Employment in financial activities January 2000–November 2011 Seasonally adjusted, in thousands 8,400 November 2011 Level: 7,626 Change: 8 8,300 8,200 8,100 8,000 7,900 7,800 7,700 7,600 7,500 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, December 02, 2011. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • Financial activities employment edged up in November (+8,000). Credit intermediation and related activities stood out as the main contributor to employment growth. • The industry had lost more than 700,000 jobs since December 2006, but employment has leveled off since late 2010. 11 Employment in professional and business services Over-the-month change, January 2008–November 2011 Seasonally adjusted, in thousands 39 45 54 39 33 75 45 44 58 51 38 0 -2 -6 -61 -45 -130 -150 -113 -110 -108 -64 -77 -68 -100 -71 -59 -34 -29 -26 -6 30 8 2 7 3 0 -50 25 26 31 31 50 40 43 66 69 85 100 -200 -183 -181 -151 -150 -250 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, December 02, 2011. Most recent 2 months of data are preliminary. Employment in selected professional and business services Over-the-month change, November 2011 Seasonally adjusted, in thousands Professional and technical˚ 8.8 - Accounting and bookkeeping 2.0 - Architectural and engineering -2.0 - Computer systems design 5.1 - Management and technical consulting 4.5 Management of companies 3.4 Administrative and waste services˚ 20.9 - Employment services 17.9 - Services to buildings 1.0 -5 Professional and business services: 33 0 5 10 15 20 25 Source: Bureau of Labor Statistics, Current Employment Statistics survey, December 02, 2011. Note: Data are preliminary. ˚Includes additional component industries not shown separately. Source: Bureau of Labor Statistics, Current Population Survey, December 2, 2011. • Job growth continued in professional and business services. In November, industry employment increased by 33,000. Since the end of the most recent recession, the industry has recovered about 58 percent of the 1.6 million jobs lost during the downturn. • Within administrative and waste services, employment growth in November (+21,000) continued at about the same pace as the prior 12 months. The employment increase in temporary help services accounted for most of this gain. • In November, employment changed little in professional and technical services (+9,000), which had added an average 23,000 jobs per month during the prior 12 months. 12 Employment in temporary help services January 2000–November 2011 Seasonally adjusted, in thousands 2,700 2,600 2,500 2,400 2,300 2,200 2,100 2,000 November 2011 Level: 2,333 Change: 22 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, December 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 gains in temporary help services have picked up over the past 5 months, averaging 20,000 per month, an improvement over the average monthly gain of 5,000 jobs the industry experienced during the first half of 2011. 13 Employment in education and health services Over-the-month change, January 2008–November 2011 Seasonally adjusted, in thousands 54 38 33 37 43 40 41 36 27 21 18 19 27 26 27 28 29 31 15 19 21 16 13 5 8 10 28 30 33 34 30 20 37 41 40 38 40 52 49 47 49 45 47 44 46 43 50 47 60 56 58 64 70 -3 0 -10 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, December 02, 2011. Most recent 2 months of data are preliminary. Employment in selected health care industries Over-the-month change, November 2011 Seasonally adjusted, in thousands Ambulatory health care services˚ 4.7 2.7 - Offices of physicians 2.7 - Outpatient care centers - Home health care services -1.8 Hospitals 8.7 Nursing and residential care 3.8 -4 -2 Health care industries: 17 0 2 4 6 8 10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, December 02, 2011. Note: Data are preliminary. ˚Includes additional component industries not shown separately. Source: Bureau of Labor Statistics, Current Population Survey, December 2, 2011. • Education and health services employment trended up in November (+27,000). This change is the smallest the industry has seen since June. In November, most of the job gains occurred in health care and social assistance (+19,000). • While health care employment continued to trend up in November (+17,000), this gain fell below the industry’s prior 12-month average job gain. November job growth was little changed in ambulatory health care services, a sector that has historically accounted for the majority of jobs added in the industry. Hospitals added 9,000 jobs in November, just above its average for the prior 12-month period. 14 Employment in leisure and hospitality Over-the-month change, January 2008–November 2011 Seasonally adjusted, in thousands 38 -5 -3 15 -15 -14 -25 -50 -51 -56 -63 -60 -31 -24 -34 -35 -34 -51 -40 -55 -29 -28 -30 -22 -20 -24 -9 -12 -17 -8 -3 -1 0 -3 1 2 2 20 23 24 24 22 27 29 17 23 40 31 35 39 46 52 60 54 80 -80 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, December 02, 2011. Most recent 2 months of data are preliminary. Employment in food services and drinking places Over-the-month change, January 2008–November 2011 Seasonally adjusted, in thousands 53 60 30 19 22 9 11 17 20 23 23 30 28 29 31 40 33 40 50 -6 1 -24 -22 -15 -8 -4 -3 -5 -15 -38 -40 -29 -30 -25 -24 -18 -19 -28 -30 -32 -24 -20 -16 -17 -14 -9 -8 -5 -4 0 -10 0 1 3 4 5 6 10 -50 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, December 02, 2011. Most recent 2 months of data are preliminary. • Leisure and hospitality employment continued to trend up in November (+22,000), in line with the prior 5-month average. The November employment change resulted from a gain in food services and drinking places (+33,000), which was partially offset by a loss in accommodations (-12,000). • The employment increase in food services and drinking places was well above recent trend. This strong job growth coincides with a higher-than-expected increase in the Consumer Confidence Index. 15 Employment in government January 2000–November 2011 Seasonally adjusted, in thousands 23,000 22,500 22,000 21,500 21,000 November 2011 Level: 21,989 Change: -20 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, December 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, November 2011 Government: -20 Seasonally adjusted, in thousands Federal, except U.S. Postal Service 1.5 U.S. Postal Service -5.1 State government education 1.9 State government, excluding education -6.4 Local government education -6.0 Local government, excluding education -4.7 -8 -6 -4 -2 0 2 4 Source: Bureau of Labor Statistics, Current Employment Statistics survey, December 02, 2011. Note: Data are preliminary. • Government employment continued to trend down in November (-20,000). Government has lost 568,000 jobs since the end of the most recent recession in June 2009. • In November, government jobs losses occurred at both the state and local levels. Job losses following the 2007 recession have coincided with government budget cuts. 16
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