current employment statistics highlights august 2017

18
August 2017 Release Date: September 1, 2017 Prepared by Analysts of the National Estimates Branch Current Employment Statistics Survey U.S. Bureau of Labor Statistics 202-691-6555 Email CES Contents Summary Mining & Logging Construction Manufacturing Wholesale Trade Retail Trade Transportation, Warehousing, & Utilities Information Financial Activities Professional & Business Services Private Education & Health Services Leisure & Hospitality Other Services Government Current Employment Statistics Highlights Detailed Industry Employment Analysis Current Employment Statistics Highlights

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Page 1: Current Employment Statistics Highlights August 2017

August 2017

Release Date: September 1, 2017

Prepared by Analysts of the National Estimates Branch Current Employment Statistics Survey

U.S. Bureau of Labor Statistics

202-691-6555 Email CES

Contents

Summary

Mining & Logging

Construction

Manufacturing

Wholesale Trade

Retail Trade

Transportation, Warehousing, & Utilities

Information

Financial Activities

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Current Employment Statistics Highlights

Detailed Industry Employment Analysis

Current Employment Statistics

Highlights

Page 2: Current Employment Statistics Highlights August 2017

Current Employment Statistics Summary, August 2017

CES Highlights

Release Date: September 1, 2017

Nonfarm payroll employment rose by

156,000 in August. Employment increased in

manufacturing, construction, professional and

technical services, health care, and mining.

The employment change for June revised

down from +231,000 to +210,000, and the

change for July also revised down from

+209,000 to +189,000.

Average hourly earnings for all employees

on private, nonfarm payrolls rose by 3 cents in

August, after rising by 9 cents in July, and are

up 2.5 percent over the year. Average weekly

hours declined by 0.1 hour over the month to

34.4 hours.

+36,000 Manufacturing

Manufacturing employment rose by 36,000

in August. Within the sector, motor vehicles

and parts added 14,000 jobs, fabricated metal

products added 5,000 jobs, and computer and

electronic products added 4,000 jobs. Since a

recent low in November 2016, manufacturing

employment has risen by 155,000.

+28,000 Construction

Construction employment increased by

28,000 in August, following 5 months of little

change.

190

151

272

329

246

304

202

230

280

227

312

255

234238

86

262

344

206

254

157

100

321

272

239

126

237225

153

43

297291

176

249

124

164155

216

232

50

207

145

210

189

156

0

50

100

150

200

250

300

350

400

Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17

Over-the-month change Annual average

Bureau of Labor Statistics, Current Employment Statistics, September 01, 2017.Most recent 2 months of data are preliminary.

Over-the-month change, January 2014 - August 2017Seasonally adjusted, in thousands

Employment in total nonfarm

Summary Mining & Logging

Construction Manufacturing Trade:

Wholesale Retail

Transp., Warehousing

& Utilities Information

Financial Activities

Professional & Business

Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Page 3: Current Employment Statistics Highlights August 2017

CES Highlights

Release Date: September 1, 2017

+40,000 Professional and business services

Employment in professional and technical

services continued to trend up over the month

(+22,000). Over the past 12 months, the

industry has added 262,000 jobs.

+25,000 Education and health services

Employment in health care continued to

trend up in August (+20,000). Within the

industry, employment rose in hospitals

(+6,000). Over the past 12 months, health care

employment has grown by 328,000.

+6,000 Mining and logging

Mining employment increased by 7,000 in

August; all of the gain was concentrated in

support activities for mining. Since a recent

employment low in October 2016, mining has

added 62,000 jobs, with 55,000 of those

coming in support activities for mining.

-9

16

4

25

40

10

-8

-1

2

1

6

36

28

6

-40 -20 0 20 40 60 80

Government

Other services

Leisure and hospitality

Education and health services

Professional and business services

Financial activities

Information

Utilities

Transportation and warehousing

Retail trade

Wholesale trade

Manufacturing*

Construction

Mining and logging

Employment in total nonfarm

August 2017 Prior 12-month average

Over-the-month change, August 2017Seasonally adjusted, in thousands

Total nonfarm:156*

Bureau of Labor Statistics, Current Employment Statistics survey, September 01, 2017.

Data are preliminary.

* denotes significance

Current Employment Statistics Survey Summary, August 2017

Summary Mining & Logging

Construction Manufacturing Trade:

Wholesale Retail

Transp., Warehousing

& Utilities Information

Financial Activities

Professional & Business

Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Page 4: Current Employment Statistics Highlights August 2017

Employment in mining continued to

trend up in August (+7,000). Support

activities for mining was responsible for

all of this job growth.

Since a recent low in October 2016,

mining employment has increased by

62,000, including a gain of 55,000 jobs in

support activities.

5 5

5

8

2

4

6

0

5

-5

-1

-3

-9

-12

-15

-16

-22

-3

-11

-13

-16

-9

-15

-11

-15

-20

-17

-9 -8-6

-4

-2-1

-2

7

2

6

11

7

10

6 6

2

7

-30

-25

-20

-15

-10

-5

0

5

10

15

20

Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17

Employment in miningOver-the-month change, January 2014–August 2017

Bureau of Labor Statistics, Current Employment Statistics survey, September 01, 2017.

Most recent 2 months of data are preliminary.

Seasonally adjusted, in thousands

Mining and Logging

Summary Mining & Logging

Construction Manufacturing Trade:

Wholesale Retail

Transp., Warehousing

& Utilities Information

Financial Activities

Professional & Business

Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

CES Highlights

Release Date: September 1, 2017

Page 5: Current Employment Statistics Highlights August 2017

Construction added 28,000 jobs in

August. Specialty trade contractors

accounted for 15,000 of the change.

Over the year, construction has added

214,000 jobs, including a 129,000-job

gain in specialty trades.

56

21

37 39

26

20

42

30

27

20

18

23

44

26

-11

44

37

14

21

15

8

44

55

39

11

23

43

-1

-14

0

18

-423

16

28

12

34

54

0 0

7

15

-3

28

-40

-20

0

20

40

60

80

Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17

Employment in constructionOver-the-month change, January 2014–August 2017

Bureau of Labor Statistics, Current Employment Statistics survey, September 01, 2017.

Most recent 2 months of data are preliminary.

Seasonally adjusted, in thousands

Construction

Summary Mining & Logging

Construction Manufacturing Trade:

Wholesale Retail

Transp., Warehousing

& Utilities Information

Financial Activities

Professional & Business

Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

CES Highlights

Release Date: September 1, 2017

Page 6: Current Employment Statistics Highlights August 2017

Employment in manufacturing increased by 36,000 in August. Since reaching a recent employment low in November 2016, manufacturing has added 155,000 jobs.

Durable goods drove the employment gains in August, adding 28,000 jobs. Within durable goods, computer and electronic products (+4,000), transportation equipment (+12,000), and fabricated metal products (+5,000) added jobs.

19 2

12 3

-20

-23

36

17

21 22

75

22

15 1

78

21

13

24

17

27

23

16

8 713

216

114

-5-1

7-7

13

28

-12

-20

1-2

112

12

-17

-12

-50

18

12

22

11

90

21

26

36

-40

-20

0

20

40

60

Jan-13 Jan-14 Jan-15 Jan-16 Jan-17

Employment in manufacturingOver-the-month change, January 2013–August 2017

Bureau of Labor Statistics, Current Employment Statistics survey, September 01, 2017.

Most recent 2 months of data are preliminary.

Seasonally adjusted, in thousands

0

0

12

2

4

2

5

1

1

1

-6 -4 -2 0 2 4 6 8 10 12 14 16

Miscellaneous durable goods manufacturing

Furniture and related products

Transportation equipment*

Electrical equipment and appliances

Computer and electronic products*

Machinery

Fabricated metal products

Primary metals

Nonmetallic mineral products

Wood products

Employment in durable goods

August 2017 Prior 12-month average

Over-the-month change, August 2017Seasonally adjusted, in thousands

Durable goods:28*

Bureau of Labor Statistics, Current Employment Statistics survey, September 01, 2017.

Data are preliminary.

* denotes significance

Manufacturing

CES Highlights

Release Date: September 1, 2017

Summary Mining & Logging

Construction Manufacturing Trade:

Wholesale Retail

Transp., Warehousing

& Utilities Information

Financial Activities

Professional & Business

Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Page 7: Current Employment Statistics Highlights August 2017

Employment in wholesale trade changed little in August

(+6,000). Over the year, the industry has added 68,000 jobs

with durable goods accounting for 31,000 of those gains.

10

6

4

16

4

12

5

1

-1

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4

11

2

9

1

-4

4

-2

0

-2

-12

7

2

1

3

-2

2

5

-41

4 313

4

6

2

6

11

-3

7

-2

12

6 6

-20

-15

-10

-5

0

5

10

15

20

25

Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17

Employment in wholesale tradeOver-the-month change, January 2014–August 2017

Bureau of Labor Statistics, Current Employment Statistics survey, September 01, 2017.

Most recent 2 months of data are preliminary.

Seasonally adjusted, in thousands

Wholesale Trade

Summary Mining & Logging

Construction Manufacturing Trade:

Wholesale Retail

Transp., Warehousing

& Utilities Information

Financial Activities

Professional & Business

Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

CES Highlights

Release Date: September 1, 2017

Page 8: Current Employment Statistics Highlights August 2017

Employment in retail trade was flat in

August (+1,000). Since reaching an

employment peak in January, the

industry has lost 87,000 jobs.

Retail Trade

Summary Mining & Logging

Construction Manufacturing Trade:

Wholesale Retail

Transp., Warehousing

& Utilities Information

Financial Activities

Professional & Business

Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

CES Highlights

Release Date: September 1, 2017

Page 9: Current Employment Statistics Highlights August 2017

Employment in transportation and

warehousing remained largely

unchanged in August (+2,000).

Employment in couriers and

messengers rose by 4,000 over the

month and is up by 31,000 over the past

12 months.

18

0

15

13

28

23

22

13

18

25 26

20 2

2

7

12

10

19

24

22

8

14

-1

35

14

-14

3

12

11

6-5

14

19

-2

12

22

13

-13

8

4

7

14

6

2 2

-30

-20

-10

0

10

20

30

40

50

Jan-14 Jan-15 Jan-16 Jan-17

Employment in transportation and warehousing Over-the-month change, January 2014–August 2017

Bureau of Labor Statistics, Current Employment Statistics survey, September 01, 2017.

Most recent 2 months of data are preliminary.

Seasonally adjusted, in thousands

Transportation and Warehousing

Summary Mining & Logging

Construction Manufacturing Trade:

Wholesale Retail

Transp., Warehousing

& Utilities Information

Financial Activities

Professional & Business

Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

CES Highlights

Release Date: September 1, 2017

Page 10: Current Employment Statistics Highlights August 2017

In August, employment in utilities ticked

down by 1,000.

-1

0

2

-1

0

1

0

2

-1

1

1

2

0

-1

1

0

1

0

2

1

-1

-1

1

0

-1

1

-1

0

-22

1

-11

0 0

0

-1

0

-1

0

-2

1

-1

-1

-3

-2

-1

0

1

2

3

Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17

Employment in utilitiesOver-the-month change, January 2014–August 2017

Bureau of Labor Statistics, Current Employment Statistics survey, September 01, 2017.

Most recent 2 months of data are preliminary.

Seasonally adjusted, in thousands

Utilities

Summary Mining & Logging

Construction Manufacturing Trade:

Wholesale Retail

Transp., Warehousing

& Utilities Information

Financial Activities

Professional & Business

Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

CES Highlights

Release Date: September 1, 2017

Page 11: Current Employment Statistics Highlights August 2017

Information employment continued a

recent downward trend in August

(-8,000). This industry has lost 75,000 jobs

since a recent employment peak in

September 2016, with

telecommunications accounting for

40,000 of the loss.

2,500

2,600

2,700

2,800

2,900

3,000

3,100

3,200

Jan-07 Jan-10 Jan-13 Jan-16

Employment in information

August 2017 Level: 2,711OTM Change: -8

Bureau of Labor Statistics, Current Employment Statistics survey, September 01, 2017.

Shaded area represents recession as denoted by the National Bureau of Economic Research.

Most recent 2 months of data are preliminary.* denotes significance

January 2007–August 2017Seasonally adjusted, in thousands

Information

Summary Mining & Logging

Construction Manufacturing Trade:

Wholesale Retail

Transp., Warehousing

& Utilities Information

Financial Activities

Professional & Business

Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

CES Highlights

Release Date: September 1, 2017

Page 12: Current Employment Statistics Highlights August 2017

Employment in financial activities

continued to trend up in August

(+10,000). This industry has added

149,000 jobs over the past 12 months,

including gains in credit intermediation

(+50,000), insurance (+35,000), and real

estate (+38,000).

Financial Activities

Summary Mining & Logging

Construction Manufacturing Trade:

Wholesale Retail

Transp., Warehousing

& Utilities Information

Financial Activities

Professional & Business

Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

CES Highlights

Release Date: September 1, 2017

Page 13: Current Employment Statistics Highlights August 2017

Employment in professional and business services continued to trend up

in August (+40,000). So far in 2017, employment in the industry has risen by

an annualized 2.8 percent, similar to 2.7 percent in 2016.

In August, professional and technical services (+22,000) and

administrative and waste services (+18,000) accounted for the employment

movement in professional and business services.

60

69

43

62

40

61

43

55

44

27

56

72

27

53

23

55

74

58

38

31

2

80

41

56

-5

2526

66

28

59

84

31

83

55

46

36

59

35

58

4650

44

50

40

-10

0

10

20

30

40

50

60

70

80

90

Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17

Employment in Professional and business services

Over-the-month change Annual average

Over-the-month change, January 2014 - August 2017Seasaonally adjusted, in thousands

Aug-17: 40Prior-12: 49

Bureau of Labor Statistics, Current Employment Statistics survey, September 01, 2017Most recent 2 months of data are preliminary.* denotes significance

18

0

22

0 5 10 15 20 25 30

Administrative and wasteservices

Management of companiesand enterprises

Professional and technicalservices

Employment in Professional and business services component industries

Over-the-month change Prior-3 mo. Avg. Prior-6 mo. Avg Prior-12 mo. Avg

Over-the-month change and prior averages, August 2017Seasonally adjusted, in thousands

Bureau of Labor Statistics, Current Employment Statistics survey, September 01, 2017Data are preliminary.* denotes significance

Professional and Business Services

CES Highlights

Release Date: September 1, 2017

Summary Mining & Logging

Construction Manufacturing Trade:

Wholesale Retail

Transp., Warehousing

& Utilities Information

Financial Activities

Professional & Business

Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Page 14: Current Employment Statistics Highlights August 2017

Employment in private education and

health services continued to trend up in

August (+25,000), with health care

accounting for the majority of this

change (+20,000). Over the past 12

months, health care employment has

increased by 328,000. During this period,

offices of physicians added 72,000 jobs,

outpatient care centers added 50,000,

and hospitals added 85,000.

32

21

39

26

58

39

44

50

38 40

47

46

65

50

35

77

49

46

51 53

40

83

43

52

16

74

35

52

49

59

41

53

48

45

31

50

17

68

16

45

37 4

0

54

25

-20

0

20

40

60

80

100

Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17

Employment in education and health services

Over-the-month change, January 2014–August 2017

Bureau of Labor Statistics, Current Employment Statistics survey, September 01, 2017.

Most recent 2 months of data are preliminary.

Seasonally adjusted, in thousands

Private Education and Health Services

Summary Mining & Logging

Construction Manufacturing Trade:

Wholesale Retail

Transp., Warehousing

& Utilities Information

Financial Activities

Professional & Business

Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

CES Highlights

Release Date: September 1, 2017

Page 15: Current Employment Statistics Highlights August 2017

Employment in leisure and hospitality was

essentially flat in August (+4,000), following a

gain of 58,000 jobs in July.

Food services and drinking places

employment changed little in August

(+9,000), after rising by 53,000 in July. This

industry has added 213,000 jobs so far this

year.

36

7

61

55

60

26

9

18

47

43

38 4

0

22

48

17

38

79

26

41

32

67

57

53

37

30

45

49

15

949

42

21

11 11

44

5

15

33

11

60

33

38

58

4

0

10

20

30

40

50

60

70

80

90

Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17

Employment in leisure and hospitalityOver-the-month change, January 2014–August 2017

Bureau of Labor Statistics, Current Employment Statistics survey, September 01, 2017.

Most recent 2 months of data are preliminary.

Seasonally adjusted, in thousands

Leisure and Hospitality

Summary Mining & Logging

Construction Manufacturing Trade:

Wholesale Retail

Transp., Warehousing

& Utilities Information

Financial Activities

Professional & Business

Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

CES Highlights

Release Date: September 1, 2017

Page 16: Current Employment Statistics Highlights August 2017

Employment in other services

continued to trend up in August

(+16,000). This industry has added

88,000 jobs over the year. Personal and

laundry services (+42,000) and

membership organizations (+36,000)

accounted for most of the job gains

over this period.

8

0

19

12

3

-3

2

15

-6

5

12

0

6 6

1

7

11

-4

11

-10

0

10

9

12

-4

17

6

4

-716

2

10

13

3

7

-17

12

10

0

9

15

14

6

16

-30

-20

-10

0

10

20

30

Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17

Employment in other servicesOver-the-month change, January 2014–August 2017

Bureau of Labor Statistics, Current Employment Statistics survey, September 01, 2017.

Most recent 2 months of data are preliminary.

Seasonally adjusted, in thousands

Other Services

Summary Mining & Logging

Construction Manufacturing Trade:

Wholesale Retail

Transp., Warehousing

& Utilities Information

Financial Activities

Professional & Business

Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

CES Highlights

Release Date: September 1, 2017

Page 17: Current Employment Statistics Highlights August 2017

Employment in government changed

little in August (-9,000). Over the past

year, government has experienced little

net change in employment. During the

previous 12-month period, government

had added 217,000 jobs.

-14

12

11

30

-6

45

-24

-8

43

13

10

15

7

16

-11

27

20

11

15

42

-16

7

12

22

16

16

36

-5

26 2

8

42

33

26

-8

-14

5

12

10

-9

13

-8

3

-13

-9

-60

-40

-20

0

20

40

60

Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17

Employment in governmentOver-the-month change, January 2014–August 2017

Bureau of Labor Statistics, Current Employment Statistics survey, September 01, 2017.

Most recent 2 months of data are preliminary.

Seasonally adjusted, in thousands

Government

Summary Mining & Logging

Construction Manufacturing Trade:

Wholesale Retail

Transp., Warehousing

& Utilities Information

Financial Activities

Professional & Business

Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

CES Highlights

Release Date: September 1, 2017

Page 18: Current Employment Statistics Highlights August 2017

Prepared by Staff of the National Estimates Branch Current Employment Statistics Survey U.S. Bureau of Labor Statistics 202-691-6555 Email CES

CES Analysts

Michael Calvillo

Wander Cedeño

Tyler Downing

Brittney Forbes

Mike McCall

John Mullins

Michael Osifalujo

Edward Park

Trinity Wade

Current Employment Statistics Highlights

Detailed Industry Employment Analysis