Bureau of Labor Statistics Current Employment Statistics Highlights January 2012 Bureau of Labor Statistics February 3, 2012 Employment in total nonfarm January 2000–January 2012 Seasonally adjusted, in thousands 140,000 138,000 136,000 134,000 132,000 130,000 128,000 126,000 January 2012 Level: 132,409 Change: 243 124,000 122,000 120,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. 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–January 2012 Seasonally adjusted, in thousands 516 650 202 112 157 203 243 220 246 251 54 84 96 85 121 120 110 -58 -51 -27 -167 -40 -35 -42 -231 -199 -202 Jul-10 -339 -361 Jan-10 -803 -750 -950 Jan-08 Jul-08 -818 -724 -799 -692 -661 -550 -482 -432 -489 -350 -171 -84 -95 -150 -208 -190 -198 -210 -274 50 41 250 220 189 239 450 Jan-09 Jul-09 Jan-11 Jul-11 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. Most recent 2 months of data are preliminary. • Total nonfarm employment rose by 243,000 in January 2012, compared to an average increase of 152,000 per month in 2011. • The January employment gained in total nonfarm brings the number of net jobs recovered since a trough in February 2010 to 3.2 million jobs, or 36 percent of the 8.8 million jobs lost between January 2008 and February 2010. 2 Employment in total nonfarm February 2010 – January 2012 net change Total nonfarm: 3,165 Seasonally adjusted, in thousands Mining and logging 157 Construction 43 Manufacturing 400 Wholesale trade 139 Retail trade 347 Transportation and warehousing 193 Utilities 5 Information -102 Financial activities 30 Professional and business services 1,112 Education and health services 717 Leisure and hospitality 575 Other services 48 Government -498 -1000 -500 0 500 1000 1500 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. Note 1: Data are preliminary. Note: February 2010 represents the most recent total nonfarm employment trough. Data are preliminary. Note 2: February 2010 represents the most recent total nonfarm employment trough. Employment in total nonfarm Over-the-month change, January 2012 Total nonfarm: 243 Seasonally adjusted, in thousands Mining and logging 10 Construction 21 Manufacturing 50 Wholesale trade 14 Retail trade 11 Transportation and warehousing 13 Utilities 0 Information -13 Financial activities -5 70 Professional and business services Education and health services 36 Leisure and hospitality 44 Other services 7 Government -14 -25 -5 15 35 55 75 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. Note: Data are preliminary. • In January, job growth was widespread throughout most major industries. • The goods-producing industries –mining and logging, construction, and manufacturing– saw employment increases. • Among the service-providing industries, wholesale trade, professional and business services, education and health services, and leisure and hospitality, gained the most jobs. • Private service-providing industries accounted for about 3.1 million of the 3.2 million net jobs recovered since February 2010. • Goods producing industries have added 600,000 jobs during this period primarily from mining and manufacturing. Government subtracted nearly half a million jobs from the net change. 3 Average weekly hours, total private January 2000–January 2012 Seasonally adjusted 35.0 All employees Level: 34.5 Change: 0.0 34.5 34.0 33.5 Production employees Level: 33.8 Change: 0.1 33.0 32.5 32.0 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. 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–January 2012 102 Seasonally adjusted, 2007=100 100 98 96 94 92 January 2012 Level: 95.5 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 Sep-11 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. Most recent 2 months of data are preliminary. • Average weekly hours for all employees on private nonfarm payrolls remained unchanged in January, while production and nonsupervisory employees saw average weekly hours increase by 0.1 hours. • The index of aggregate weekly hours for all employees continued to trend upwards in January, just as it had since October 2009. • In January 2012 the index of aggregate weekly hours stood 4.8 percent below its peak in January 2008. 4 Average hourly earnings, all employees, and CPI–U* March 2007–January 2012 Seasonally adjusted 6.0 January 2012 Earnings: 1.9 December 2011 CPI-U: 3.0 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, February 03, 2012. Most recent 2 months of data are preliminary. * 1982–84=100 • Average hourly earnings for all employees in private industry rose 4 cents or 0.2 percent in January. • Over the past 12 months, average hourly earnings has increased by 1.9 percent; while in December, the CPI-U had a 12-month percent change of 3.0 percent. • The CPI-U outpaced private earnings growth, in terms of their most recent over-the-year growth rates. 5 Employment in mining and logging January 2000–January 2012 Seasonally adjusted, in thousands 850 800 750 700 650 January 2012 Level: 832 Change: 10 600 550 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. 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 added 10,000 jobs in January. The majority of job growth in mining during January was from support activities for mining. • Since a low in October 2009, mining employment has expanded by 172,000, with 10,000 jobs being added in January. 6 Employment in construction January 2000–January 2012 Seasonally adjusted, in thousands 7,400 6,900 6,400 January 2012 Level: 5,572 Change: 21 5,900 5,400 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. 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: 21 Over-the-month change, January 2012 Seasonally adjusted, in thousands Residential building 2.5 Nonresidential building 6.4 Heavy and civil engineering -1.4 Residential specialty trades 4.3 Nonresidential specialty trades 9.7 -5 0 5 10 15 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. Note: Data are preliminary. • Construction has experienced two months of solid job growth with 21,000 jobs added in January, and 31,000 in December. • The majority of gains in construction in January were split between nonresidential building construction and nonresidential specialty trade contractors. • Since reaching a trough one year ago, construction employment has increased by 116,000. 7 Employment in manufacturing January 2000–January 2012 Seasonally adjusted, in thousands 18,000 January 2012 Level: 11,862 Change: 50 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 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. 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, manufacturing January 2000–January 2012 Seasonally adjusted 42.5 Production employees Level: 41.9 Change: 0.3 42.0 41.5 41.0 40.5 40.0 39.5 All employees Level: 40.9 Change: 0.3 39.0 38.5 38.0 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • Manufacturing has experienced 2 months of solid job growth with 50,000 added in January and 32,000 in December. Furthermore, manufacturers have added 404,000 jobs since January 2010. • The 1-month diffusion index of manufacturing employment rose from 64.2 in December to 69.1 in January, indicating a wider dispersion of the job growth across industries. A measure above 50 indicates that more industries are increasing employment than are reducing it. • The factory workweek for all employees rose 0.3 hour; the employment gain combined with a longer workweek resulted in a 1.2-percent increase in the index of aggregate weekly hours for manufacturing. 8 Employment in durable goods Over-the-month change, January 2012 Durable goods: 44 Seasonally adjusted, in thousands Wood products 3.1 Nonmetallic mineral products 2.3 Primary metals 1.7 Fabricated metal products 10.9 Machinery 10.5 Computer and electronic products -1.9 Electrical equipment and appliances 0.9 Transportation equipment 10.3 Furniture and related products 1.5 Miscellaneous manufacturing 5.3 -5 0 5 10 15 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. Note: Data are preliminary. • Durable goods employment growth contributed to the bulk of the jobs gained within manufacturing. • Fabricated metal products, and machinery, and transportation equipment were the primary drivers of job growth within durable goods. 9 Employment in transportation equipment Over-the-month change, January 2008–January 2012 Seasonally adjusted, in thousands 12 4 9 5 -11 -3 6 6 4 1 5 -1 -1 -1 10 10 18 16 11 -10 -6 -1 -1 0 -43 -36 -36 -26 -28 -17 -15 -35 -40 -21 -20 -23 -19 -8 -4 -3 -2 -1 0 0 3 6 6 9 20 12 16 19 40 -60 -80 -100 -100 -120 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. Most recent 2 months of data are preliminary. • Employment in transportation equipment continued trending upward in January. • Since reaching a trough in December 2009, employment in the industry has expanded by 116,000. 10 Employment in wholesale trade January 2000–January 2012 Seasonally adjusted, in thousands 6,300 January 2012 Level: 5,583 Change: 14 6,200 6,100 6,000 5,900 5,800 5,700 5,600 5,500 5,400 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. 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 January 2000–January 2012 Seasonally adjusted, in thousands 16,000 15,800 15,600 15,400 15,200 15,000 14,800 14,600 January 2012 Level: 14,741 Change: 11 14,400 14,200 14,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • Wholesale trade employment increased by 14,000 in January. • The employment level for wholesale trade remains 8 percent below November 2007 peak, after having added 144,000 jobs since its trough in May 2010. • Employment in retail trade continued to trend upwards. • Over the month, job gains in department stores, health and personal care stores, and auto dealers were partly offset by a loss of jobs in clothing stores. 11 Employment in transportation and warehousing January 2000–January 2012 Seasonally adjusted, in thousands 4,800 January 2012 Level: 4,337 Change: 13 4,700 4,600 4,500 4,400 4,300 4,200 4,100 4,000 3,900 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. 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 January 2000–January 2012 Seasonally adjusted, in thousands 8,400 8,300 8,200 8,100 8,000 7,900 7,800 January 2012 Level: 7,690 Change: -5 7,700 7,600 7,500 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • Transportation and warehousing employment continued to trend upward into January. The industry has added 193,000 jobs since a recent trough in February 2010. • Financial activities employment changed little in January. • Since reaching a trough in July 2010, employment in the industry has shown little net change. 12 Employment in professional and business services January 2000–January 2012 Seasonally adjusted, in thousands 19,000 January 2012 Level: 17,654 Change: 70 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 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. 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, January 2012 Seasonally adjusted, in thousands Professional and business services: 70 Professional and technical˚ 30.3 - Accounting and bookkeeping 12.5 - Architectural and engineering 6.9 - Computer systems design 1.7 - Management and technical consulting 3.0 Management of companies 3.1 36.7 Administrative and waste services˚ - Employment services 33.2 - Services to buildings 4.0 0 10 20 30 40 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. Note: Data are preliminary. ˚Includes additional component industries not shown separately. • Professional and business services added 70,000 jobs in January, with nearly half from employment services. • Accounting and bookkeeping, and architectural and engineering services also added jobs. 13 Employment in temporary help services January 2000–January 2012 Seasonally adjusted, in thousands 2,700 2,500 2,300 2,100 1,900 January 2012 Level: 2,406 Change: 20 1,700 1,500 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. 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, which added 20,000 jobs in January, accounted for 61 percent of the gain in employment services. • Temporary help services has added 656,000 jobs since August 2009, but its employment level is 251,000 below its August 2006 peak. 14 Employment in health care Over-the-month change, January 2008–January 2012 Seasonally adjusted, in thousands 46 50 26 18 20 18 19 19 16 15 16 15 10 11 12 10 11 10 24 26 28 22 23 22 22 23 15 14 15 20 24 19 18 23 19 18 21 22 25 20 31 32 32 36 30 31 33 35 28 30 29 30 35 37 40 36 45 4 5 0 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. Most recent 2 months of data are preliminary. Employment in selected health care industries Over-the-month change, January 2012 Seasonally adjusted, in thousands Ambulatory health care services˚ 12.9 - Offices of physicians 2.7 - Outpatient care centers 4.5 - Home health care services 1.9 Hospitals 12.7 Nursing and residential care 5.3 0 Health care industries: 31 5 10 15 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. Note: Data are preliminary. ˚Includes additional component industries not shown separately. • In January, health care employment continued to grow in line with its long term trend. • Hospitals and ambulatory services each individually contributed 13,000 jobs over the month. 15 Employment in leisure and hospitality January 2000–January 2012 Seasonally adjusted, in thousands 14,000 13,500 13,000 12,500 12,000 January 2012 Level: 13,499 Change: 44 11,500 11,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. 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–January 2012 Seasonally adjusted, in thousands 9,900 9,700 9,500 9,300 9,100 8,900 8,700 January 2012 Level: 9,778 Change: 33 8,500 8,300 8,100 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • Over the month, employment in leisure and hospitality increased by 44,000. • Food services and drinking places netted an increase of 33,000 jobs in January. • Since February 2010, food services and drinking places has added 487,000 jobs. 16 Employment in government January 2000–January 2012 Seasonally adjusted, in thousands 23,000 22,500 22,000 21,500 21,000 January 2012 Level: 21,973 Change: -14 20,500 20,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. 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 Over-the-month change, January 2008–January 2012 Seasonally adjusted, in thousands 432 550 450 350 250 33 24 48 46 30 -150 -179 -142 -150 -14 -27 -21 -17 -14 -13 -20 -9 -37 -15 -13 -54 -18 -79 -8 0 -51 -49 -56 -43 -12 -15 0 21 1 -7 -9 -6 -3 -50 -12 52 17 7 26 33 49 20 0 50 110 150 -259 -250 -350 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, February 03, 2012. Most recent 2 months of data are preliminary. • Government employment continued to trend lower in January. • Since reaching employment peaks in August 2008, local government has lost 515,000 jobs, while state government has lost 153,000 jobs. • The U.S. Postal Service has been cutting jobs since 1999. 17
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