Bureau of Labor Statistics Current Employment Statistics Highlights October 2012 Bureau of Labor Statistics November 2, 2012 Employment in total nonfarm January 2000–October 2012 Seasonally adjusted, in thousands 140,000 October 2012 Level: 133,755 Change: 171 138,000 136,000 134,000 132,000 130,000 128,000 126,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 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–October 2012 Seasonally adjusted, in thousands 800 220 246 251 54 84 96 85 121 120 110 41 200 220 189 239 400 202 112 157 223 275 259 143 68 87 45 181 192 148 171 516 600 -803 -800 -1,000 -1,200 Jan-08 Jul-08 -58 -51 -27 -167 -40 -35 -171 -339 -231 -199 -202 -818 -724 -799 -692 -661 -600 -482 -432 -489 -400 -361 -208 -190 -198 -210 -274 -84 -95 -42 0 -200 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Most recent 2 months of data are preliminary. • • Total nonfarm employment rose by 171,000 in October. Since the beginning of the year, job growth has averaged 157,000 per month, compared to an average monthly gain of 153,000 in 2011. 1 Employment in total private January 2000–October 2012 Seasonally adjusted, in thousands 118,000 October 2012 Level: 111,744 Change: 184 116,000 114,000 112,000 110,000 108,000 106,000 104,000 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. Embargoed pre-release until 11-02-2012 8:30 AM (EDT) Employment in total private Over-the-month change, January 2008–October 2012 Seasonally adjusted, in thousands 600 141 193 84 92 92 128 115 196 134 140 119 257 261 264 108 102 175 52 216 139 178 234 277 254 147 85 116 63 163 134 128 184 400 41 200 -1,000 -1,200 Jan-08 Jul-08 -296 -219 -184 -232 -312 -725 -787 -802 -797 -800 -839 -658 -600 -426 -425 -480 -400 -136 -112 -215 -216 -231 -259 -294 -200 -42 -120 -40 -27 0 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Most recent 2 months of data are preliminary. • • • In October, total private employment rose by 184,000, bringing the year-to-date gain to 1.6 million. Thus far in 2012, job growth has averaged 155,000 per month, compared to the average monthly gain of 175,000 in 2011. Since reaching an employment trough in February 2010, the private sector has added 5.0 million jobs. 2 Employment in total nonfarm Over-the-month change, October 2012 Total nonfarm: 171 Seasonally adjusted, in thousands Mining and logging -9 Construction 17 Manufacturing 13 Wholesale trade 6.5 Retail trade 36.4 Transportation and warehousing 2.2 Utilities -0.1 Information 1 Financial activities 4 Professional and business services 51 Education and health services 25 Leisure and hospitality 28 Other services 9 Government -13 -40 -20 0 20 40 60 80 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Note: Data are preliminary. Employment in total nonfarm Total nonfarm: Total 4511 nonfarm: 171 Total private: 4971 32–month2010 change, October 2012 February – October 2012 Seasonally adjusted, in thousands Mining and logging 150 Construction 10 Manufacturing 504 Wholesale trade 205.4 Retail trade 437.9 Transportation and warehousing 256.3 Utilities 10.9 Information -108 Financial activities 103 1465 Leisure and hospitality 810 Other services 80 Government -460 -1,000 -500 Professional and business services Education and health services 1047 0 500 1,000 1,500 2,000 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Note: Data are preliminary. • • In October, employment rose in retail trade, professional and business services, and health care but changed little in other industries over the month. Since an employment trough in February 2010, nonfarm job gains total 4.5 million. The largest increases have occurred in professional and business services, education and health services, and leisure and hospitality. Government lost the largest number of jobs during this period. 3 Average weekly hours, total private January 2000–October 2012 Seasonally adjusted 35.0 All employees Level: 34.4 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 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 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–October 2012 104 Seasonally adjusted, 2007=100 102 100 98 96 94 October 2012 Level: 96.3 Change: 0.1% 92 90 88 Mar-06 Mar-07 Mar-09 Mar-08 Mar-10 Mar-11 Mar-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Most recent 2 months of data are preliminary. • • • Average weekly hours for all employees on private nonfarm payrolls remained unchanged at 34.4 hours in October. The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged down by 0.1 hour to 33.6 hours. The October employment gain combined with the unchanged workweek resulted in a 0.1-percent increase in the index of aggregate weekly hours for all employees. Since reaching a trough in October 2009, the index has risen 6.3 percent. 4 Average hourly earnings, all employees, and CPI–U* March 2007–October 2012 Seasonally adjusted 6.0 October 2012 Earnings: 1.6 September 2012 CPI-U: 2.0 Over-the-year percent change 5.0 4.0 3.0 2.0 1.0 0.0 -1.0 -2.0 Total private earnings CPI–U -3.0 Mar-07 Sep-07 Mar-08 Sep-08 Mar-09 Sep-09 Mar-10 Sep-10 Mar-11 Sep-11 Mar-12 Sep-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Most recent 2 months of data are preliminary. * 1982–84=100 • • Average hourly earnings of all employees on private nonfarm payrolls edged down by 1 cent in October to $23.58. Over the past 12 months, average hourly earnings have risen by 1.6 percent. The Consumer Price Index for All Urban Consumers (CPI-U) increased by 2.0 percent from September 2011 to September 2012. 5 Employment in mining and logging January 2000–October 2012 Seasonally adjusted, in thousands 900 850 800 750 700 650 600 October 2012 Level: 825 Change: -9 550 500 450 Jan-00 Jan-02 Jan-04 Jan-08 Jan-06 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 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 mining and logging Over-the-month change, January 2008–October 2012 Seasonally adjusted, in thousands 30 4 4 3 3 -1 -2 -1 -4 -9 -21 -20 -16 -18 -15 -9 -8 -8 -10 -6 -6 -6 -4 -3 -2 -1 0 0 0 1 2 2 2 3 4 5 6 6 6 7 8 8 8 7 7 8 6 5 4 5 4 6 7 6 7 8 9 10 9 9 9 12 15 20 -30 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Most recent 2 months of data are preliminary. • • • Mining and logging lost 9,000 jobs in October, with most of the decline occurring in support activities for mining. Since May of this year, employment in mining has decreased by 17,000. Support activities for mining accounted for most of the job losses between May and October. 6 Employment in construction Over-the-month change, January 2008–October 2012 Seasonally adjusted, in thousands 100 30 4 3 3 2 17 26 18 13 7 -1 -14 -7 -3 -32 -9 -10 -11 -11 -21 -19 -11 -16 -41 -30 -33 -61 -64 -57 -87 -82 -79 -71 -58 -105 -110 -147 -155 -150 -153 -144 -100 -73 -77 -70 -50 -49 -66 -55 -46 -46 -34 -9 -1 1 0 3 7 7 20 23 33 50 -200 -250 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Most recent 2 months of data are preliminary. Employment in construction Construction: 17 Over-the-month change, October 2012 Seasonally adjusted, in thousands Residential building -2.0 Nonresidential building 4.6 Heavy and civil engineering -2.5 Residential specialty trades 6.7 Nonresidential specialty trades 10.1 -6 -4 -2 0 2 4 6 8 10 12 14 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Note: Data are preliminary. • • Employment in construction edged up in October (+17,000) after remaining flat over the prior 4 months. Virtually all of October’s gain was concentrated in specialty trade contractors (+17,000). 7 Employment in manufacturing Over-the-month change, January 2008–October 2012 Seasonally adjusted, in thousands 200 -179 -200 -400 13 52 30 42 10 13 7 18 9 3 -13 -14 -3 3 28 8 12 30 52 37 26 28 2 0 9 15 -297 -300 -166 -172 -179 -167 -143 -130 -114 -61 -41 -44 -49 -34 -30 -20 -28 -39 -56 -31 -59 -75 -79 -84 -100 -8 0 -17 4 8 32 34 10 20 100 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Most recent 2 months of data are preliminary. • • Manufacturing employment changed little in October (+13,000), with no significant changes among the component industries. On net, manufacturing employment has changed little since April. The factory workweek for all employees edged down by 0.1 hour. Combining the employment change with the shorter workweek, the index of aggregate weekly hours in manufacturing edged down 0.1 percent. 8 Employment in retail trade January 2000–October 2012 Seasonally adjusted, in thousands 16,000 15,800 15,600 15,400 15,200 15,000 14,800 14,600 October 2012 Level: 14,832 Change: 36 14,400 14,200 14,000 Jan-00 Jan-02 Jan-04 Jan-08 Jan-06 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 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 Over-the-month change, January 2008–October 2012 Seasonally adjusted, in thousands 150 24 18 27 36 3 6 -15 -15 -9 34 25 7 -4 -5 -11 14 12 16 27 37 5 8 20 13 3 14 12 5 32 -11 -27 -46 -35 -8 -23 -61 -71 -94 -132 -99 -99 -100 -150 -200 -45 -52 -47 -43 -60 -68 -52 -23 -43 -71 -50 -12 1 0 3 10 25 50 37 67 100 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Most recent 2 months of data are preliminary. • • Employment rose by 36,000 in retail trade. Motor vehicle and parts dealers added 7,000 jobs, and furniture and home furnishing stores added 4,000 jobs. Over the past 3 months, the retail industry has boosted employment by 82,000, with motor vehicles and parts dealers, clothing and accessory stores, and miscellaneous store retailers contributing 18,000 jobs each. 9 Employment in professional and business services January 2000–October 2012 Seasonally adjusted, in thousands 18,500 October 2012 Level: 18,007 Change: 51 18,000 17,500 17,000 16,500 16,000 15,500 15,000 Jan-00 Jan-02 Jan-04 Jan-08 Jan-06 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 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 professional and business services Over-the-month change, January 2008–October 2012 Seasonally adjusted, in thousands -1 Jan-08 Jul-08 72 79 89 51 45 41 41 5 8 24 18 18 41 39 39 40 59 88 50 56 55 23 8 -64 -100 -133 -148 -116 -120 -184 -200 -184 -144 -150 -250 -31 -22 -41 -68 -100 -61 -71 -70 -40 -63 -50 -3 1 0 0 46 49 79 45 32 56 44 8 14 29 50 67 100 79 82 150 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Most recent 2 months of data are preliminary. • • Professional and business services added 51,000 jobs in October. Since reaching a trough in September 2009, employment in the sector has expanded by 1.6 million, or by an average of 44,000 per month. 10 Employment in selected professional and business services Over-the-month change, October 2012 Seasonally adjusted, in thousands Professional and technical˚ 15.5 - Accounting and bookkeeping 0.3 - Architectural and engineering 1.5 - Computer systems design 6.6 - Management and technical consulting 4.5 Management of companies 2.4 Administrative and waste services˚ 33.4 - Employment services 15.8 - Services to buildings 13.3 -10 -5 0 Professional and business services: 51 5 10 15 20 25 30 35 40 45 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Note: Data are preliminary. ˚Includes additional component industries not shown separately. Employment in temporary help services January 2000–October 2012 Seasonally adjusted, in thousands 3,000 2,800 2,600 2,400 2,200 2,000 1,800 October 2012 Level: 2,540 Change: 14 1,600 1,400 Jan-00 Jan-02 Jan-04 Jan-06 Jan-08 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Note: Shaded areas represent recessions as determined by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. • • Job growth continued in professional and technical services (+16,000). Within administrative services, services to buildings added 13,000 jobs over the month. Employment in temporary help services changed little in October and has shown little net change over the past 3 months. 11 Employment in education and health services Over-the-month change, January 2008–October 2012 Seasonally adjusted, in thousands 100 50 51 44 40 25 31 33 25 15 20 19 18 10 12 18 24 25 24 25 29 33 31 37 38 34 35 34 31 18 13 15 14 1 3 4 5 12 20 58 55 50 53 35 34 36 43 45 51 45 42 51 38 40 48 55 60 56 61 65 71 80 -2 0 -20 Jan-08 Jan-09 Jul-08 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Most recent 2 months of data are preliminary. Employment in health care Over-the-month change, January 2008–October 2012 Seasonally adjusted, in thousands 60 31 37 38 32 30 23 18 19 24 23 26 18 20 34 36 32 32 26 28 23 22 4 9 10 16 11 12 15 16 15 19 19 24 22 22 24 20 19 18 15 10 11 10 22 23 14 18 21 19 20 30 31 33 36 37 35 29 30 30 28 40 46 50 0 -10 -20 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Most recent 2 months of data are preliminary. • • Health care added 31,000 jobs in October. Over the past 12 months, employment in health care has risen by 296,000. 12 Employment in selected health care industries Over-the-month change, October 2012 Seasonally adjusted, in thousands Ambulatory health care services˚ 24.9 - Offices of physicians 11.2 - Outpatient care centers 1.7 - Home health care services 7.9 Hospitals 6.2 Nursing and residential care -0.6 -10 -5 Health care industries: 31 0 5 10 15 20 25 30 35 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Note: Data are preliminary. ˚Includes additional component industries not shown separately. • Within health care, gains continued in ambulatory health care services (+25,000) and hospitals (+6,000) in October. 13 Employment in leisure and hospitality January 2000–October 2012 Seasonally adjusted, in thousands 14,500 14,000 13,500 13,000 12,500 12,000 October 2012 Level: 13,734 Change: 28 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, November 02, 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–October 2012 Seasonally adjusted, in thousands 10,500 10,000 9,500 9,000 8,500 October 2012 Level: 9,992 Change: 23 8,000 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, November 02, 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 leisure and hospitality continued to trend up (+28,000) over the month. As of March, the industry had recovered all of the jobs lost during its most recent employment downturn. Employment is currently 174,000 above its most recent peak in January 2008. In October, food services and drinking places employment continued to rise (+23,000). Since reaching a trough in February 2010, employment in the industry has expanded by 701,000 or an average of 22,000 per month. 14 Employment in government January 2000–October 2012 Seasonally adjusted, in thousands 23,500 23,000 22,500 22,000 21,500 21,000 20,500 October 2012 Level: 22,011 Change: -13 20,000 19,500 Jan-00 Jan-02 Jan-04 Jan-08 Jan-06 Jan-10 Jan-12 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 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, October 2012 Government: -13 Seasonally adjusted, in thousands Federal, except U.S. Postal Service -6.1 U.S. Postal Service -0.1 State government education -2.6 State government, excluding education -4.7 Local government education -2.9 Local government, excluding education 2.8 -10 -8 -6 -4 -2 0 2 4 6 Source: Bureau of Labor Statistics, Current Employment Statistics survey, November 02, 2012. Note: Data are preliminary. • Government employment changed little in October (-13,000) after 3 months of increases. Government employment is 569,000 below its August 2008 level, when both state and local governments reached peaks. 15
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