Bureau of Labor Statistics Current Employment Statistics Highlights May 2012 Bureau of Labor Statistics June 1, 2012 Employment in total nonfarm January 2000–May 2012 Seasonally adjusted, in thousands 140,000 138,000 136,000 134,000 132,000 130,000 128,000 126,000 May 2012 Level: 133,009 Change: 69 124,000 122,000 120,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 01, 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–May 2012 Seasonally adjusted, in thousands 800 202 112 157 223 275 259 143 77 69 54 84 96 85 121 120 110 41 200 220 189 239 400 220 246 251 516 600 -40 -35 -58 -51 -27 -167 -231 -199 -202 -339 -361 -803 -800 -818 -724 -799 -692 -661 -600 -482 -432 -489 -400 -171 -84 -95 -208 -190 -198 -210 -274 -200 -42 0 -1,000 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, June 01, 2012. Most recent 2 months of data are preliminary. Nonfarm employment continued to trend up in May (+69,000). Job growth has decelerated each month since January. 1 Employment in total nonfarm Total nonfarm: 69 Over-the-month change, May 2012 Seasonally adjusted, in thousands Mining and logging 1 Construction -28 Manufacturing 12 Wholesale trade 16 Retail trade 2 Transportation and warehousing 36 Utilities 0 Information -2 Financial activities 3 Professional and business services -1 Education and health services 46 Leisure and hospitality -9 Other services 6 Government -13 -40 -20 0 20 40 60 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 01, 2012. Note: Data are preliminary. Employment in total nonfarm February 2010–May 2012 net change Total nonfarm: Total nonfarm: 3,765 Total private: 69 4,267 Seasonally adjusted, in thousands Mining and logging 163 Construction -13 Manufacturing 491 Wholesale trade 178 Retail trade 362 Transportation and warehousing 235 Utilities 6 Information -106 Financial activities 64 1273 Professional and business services 914 Other services 48 Government -502 -1000 -500 Education and health services Leisure and hospitality 652 0 500 1000 1500 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 01, 2012. Note: Data are preliminary. Employment in construction fell; Government employment continued to trend down. Education and health care, transportation and warehousing, and wholesale trade all experienced job growth in May. Manufacturing employment continued to trend up. Since an employment trough in February 2010, most nonfarm job gains have come in professional and business services, education and health services, and leisure and hospitality. 2 Average weekly hours, total private January 2000–May 2012 Seasonally adjusted 35.0 All employees Level: 34.4 Change: -0.1 34.5 34.0 33.5 Production employees Level: 33.7 Change: 0.0 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, June 01, 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 for all employees on private nonfarm payrolls declined to 34.4 hours in May. Average weekly hours for production and nonsupervisory employees remained unchanged at 33.7 hours. 3 Average hourly earnings, all employees, and CPI–U* March 2007–May 2012 Seasonally adjusted 6.0 May 2012 Earnings: 1.7 April 2012 CPI-U: 2.3 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 Mar-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 01, 2012. Most recent 2 months of data are preliminary. * 1982–84=100 . Over the past 12 months, average hourly earnings have increased by 1.7 percent. In April, the Consumer Price Index for All Urban Consumers (CPI-U) had an over-the-year increase of 2.3 percent. For about a year beginning in late 2010, price increases outpaced increases in earnings. Since the third quarter of 2011, however, the gap between the two has narrowed. In May 2012, average hourly earnings rose by 2 cents or 0.1 percent. 4 Employment in construction January 2000–May 2012 Seasonally adjusted, in thousands 7,400 6,900 6,400 May 2012 Level: 5,516 Change: -28 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, June 01, 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: -28 Over-the-month change, May 2012 Seasonally adjusted, in thousands Residential building -1.0 Nonresidential building 1.5 Heavy and civil engineering -11.2 Residential specialty trades -10.0 Nonresidential specialty trades -7.7 -15 -10 -5 0 5 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 01, 2012. Note: Data are preliminary. Construction employment declined by 28,000 in May. Job losses were concentrated in specialty trade contractors and heavy and civil engineering construction. 5 Employment in manufacturing Over-the-month change, January 2008–May 2012 Seasonally adjusted, in thousands -41 -44 -49 -34 -30 -200 52 30 42 9 12 28 30 3 9 -3 8 12 3 9 15 2 0 -61 -179 -150 -166 -172 -179 -167 -143 -130 -114 -100 -20 -28 -39 -56 -31 -59 -75 -79 -84 -8 0 -50 -17 4 8 32 34 10 20 50 37 26 28 52 100 -250 -297 -300 -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, June 01, 2012. Most recent 2 months of data are preliminary. Average weekly hours, manufacturing January 2000–May 2012 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: -0.3 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, June 01, 2012. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. Manufacturing employment continued to trend up (+12,000) in May, just as it did in April (+9,000). These changes reflect a slowdown from the average monthly gains of 41,000 in the first quarter of 2012. The manufacturing workweek for all employees fell by 0.3 hour in May to 40.5 hours, while the average hours of production employees declined by 0.2 hour to 41.5 6 Employment in durable goods Over-the-month change, May 2012 Durable goods: 13 Seasonally adjusted, in thousands Wood products -1.4 Nonmetallic mineral products -3.0 Primary metals 3.8 Fabricated metal products 5.7 Machinery 2.5 Computer and electronic products 1.7 Electrical equipment and appliances 1.2 Transportation equipment 4.1 Furniture and related products -2.1 Miscellaneous manufacturing 0.8 -4 -2 0 2 4 6 8 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 01, 2012. Note: Data are preliminary. Employment in durable goods manufacturing increased by 13,000 in May and has expanded by 489,000 since a recent low in January 2010. In May, job gains in durable goods were spread out across most of the component industries. 7 Employment in wholesale trade January 2000–May 2012 Seasonally adjusted, in thousands 6,300 May 2012 Level: 5,623 Change: 16 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, June 01, 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 wholesale trade Over-the-month change, January 2008–May 2012 15 15 5 7 7 6 0 2 5 11 12 13 14 7 8 10 5 3 6 5 7 9 10 16 Seasonally adjusted, in thousands 20 -25 -24 -25 -23 -17 -15 -18 -13 -15 -14 -14 -14 -22 -20 -20 -19 -11 -11 -8 -3 -2 -1 -3 -1 0 -10 -48 -50 -45 -44 -41 -37 -37 -40 -34 -30 -60 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, June 01, 2012. Most recent 2 months of data are preliminary. Wholesale trade employment increased by 16,000 in May, in line with its prior 6month average. Wholesale trade has recovered 184,000 jobs since its most recent trough, in May 2010, representing a recovery of about one-third of the jobs lost during the industry’s most recent downturn. 8 Employment in transportation Over-the-month change, January 2008–May 2012 Seasonally adjusted, in thousands 60 17 14 6 10 2 3 5 11 7 8 8 8 3 1 3 1 5 4 10 12 15 15 9 9 9 13 20 15 25 36 40 -4 -16 -21 -18 -26 -24 -52 -42 -40 -9 -7 -8 -12 -11 -33 -30 -34 -24 -13 -20 -18 -14 -8 -10 -15 -3 0 -60 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, June 01, 2012. Most recent 2 months of data are preliminary. In May, employment in transportation and warehousing increased by 36,000 partially offsetting declines in April. These 2 months of large fluctuations can be traced to employment for transit and ground passenger transportation and for courier services, which both drove the large changes in April and May. Employment in these two industries has shown little net change over the past 12 months. 9 Employment in professional and business services Over-the-month change, January 2008–May 2012 Seasonally adjusted, in thousands 72 79 89 5 8 18 37 41 39 59 88 50 56 39 40 55 23 46 49 79 45 32 56 44 -1 -3 -31 -22 -41 -200 -100 -133 -148 -184 -184 -144 -150 -120 -116 -64 -61 -71 -70 -63 -100 -68 -50 -40 -1 0 0 1 8 14 29 50 67 100 79 82 150 -250 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, June 01, 2012. Most recent 2 months of data are preliminary. Employment in selected professional and business services Over-the-month change, May 2012 Seasonally adjusted, in thousands Professional and technical˚ -4.0 - Accounting and bookkeeping -14.0 - Architectural and engineering 0.3 - Computer systems design 5.3 - Management and technical consulting 2.2 Management of companies 2.0 Administrative and waste services˚ 0.8 - Employment services 6.1 - Services to buildings -14.3 -20 -15 Professional and business services: -1 -10 -5 0 5 10 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 01, 2012. Note: Data are preliminary. ˚Includes additional component industries not shown separately. Although employment in professional and business services was essentially unchanged in May, it has grown by 1.4 million since a recent low point in September 2009. In May, losses in accounting and bookkeeping services (-14,000) and services to buildings and dwellings (-14,000) were offset by small gains elsewhere in the industry. 10 Employment in health care Over-the-month change, January 2008–May 2012 Seasonally adjusted, in thousands 46 50 34 20 18 22 26 23 24 26 28 23 22 19 16 15 12 10 10 11 11 16 15 15 14 10 19 20 24 22 22 23 19 18 22 23 19 18 21 15 32 32 32 30 31 33 25 20 33 36 36 35 28 30 29 30 35 37 40 38 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, June 01, 2012. Most recent 2 months of data are preliminary. Employment in selected health care industries Over-the-month change, May 2012 Seasonally adjusted, in thousands 22.8 - Outpatient care centers 4.6 - Home health care services 6.9 Hospitals 4.5 Nursing and residential care 5.5 5 Ambulatory health care services˚ - Offices of physicians 9.9 0 Health care industries: 33 10 15 20 25 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 01, 2012. Note: Data are preliminary. ˚Includes additional component industries not shown separately. Employment in health care, continued to expand in May, rising by 33,000. Ambulatory health care services drove job growth, over the month. Health care has added 340,000 jobs to its payrolls over the past year. 11 Employment in leisure and hospitality January 2000–May 2012 Seasonally adjusted, in thousands 14,000 13,500 13,000 12,500 12,000 May 2012 Level: 13,576 Change: -9 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, June 01, 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 Over-the-month change, January 2008–May 2012 Seasonally adjusted, in thousands 35 27 28 24 7 5 9 7 16 13 15 20 25 19 1 1 2 6 7 11 20 25 26 30 40 33 38 42 38 53 54 60 -1 -11 -8 -24 -28 -24 -38 -36 -30 -22 -25 -24 -24 -12 -18 -28 -26 -25 -40 -9 -3 -4 -5 -9 -20 0 0 -60 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, June 01, 2012. Most recent 2 months of data are preliminary. Leisure and hospitality employment edged down for the second consecutive month in May (-9,000). The industry’s average monthly job gain was 38,000 over the 6 months ending in March. These gains came mostly in food services and drinking places. 12 Employment in government January 2000–May 2012 Seasonally adjusted, in thousands 23,500 23,000 22,500 22,000 21,500 21,000 May 2012 Level: 21,969 Change: -13 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, June 01, 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 government Over-the-month change, May 2012 Government: -13 Seasonally adjusted, in thousands Federal, except U.S. Postal Service -2.0 U.S. Postal Service -2.9 State government education -3.7 State government, excluding education -1.1 Local government education -3.3 Local government, excluding education 0.4 -5 -4 -3 -2 -1 0 1 Source: Bureau of Labor Statistics, Current Employment Statistics survey, June 01, 2012. Note: Data are preliminary. Government employment continued to edge downward in May (-13,000), with small declines distributed throughout the sector. The industry has averaged monthly job losses of 5,000 year-to-date, compared with average monthly job losses of 22,000 throughout 2011. 13
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