Labor line has job news and commentary with a one stop short cut for America's job markets and job related data including the latest data from the Bureau of Labor Statistics.
This month's job and employment summary data are below. This month's inflation data is below.
The Establishment Job Report and Establishment Job Details for data released April 6, 2018.
American Job Market The Chronicle
Current Job and Employment Data
Total Non-Farm Establishment Jobs up 103,000 to 148,230,000
Total Private Jobs up 102,000 to 125,482,000
Total Government Employment up 1,000 to 22,326,000
Civilian Non-Institutional Population up 163,000 to 257,097,000
Civilian Labor Force down 158,000 to 161,763,000
Employed dwon 37,000 to 155,178,000
Employed Men down 55,000 to 82,630,000
Employed Women up 18,000 to 72,548,000
Unemployed down 121,000 to 6,585,000
Not in the Labor Force up 323,000 to 95,335,000
Unemployment Rate stayed the same at 4.1% or 6,585/161,763
Labor Force Participation Rate decreased by .1 percent to 62.9%, or 161,763/257,097
Prices and inflation measured by the Consumer Price Index (CPI) for all Urban Consumers was up by a monthly average of 2.13 percent for 2017.
The April CPI report for the 12 months ending with March, shows the
CPI for All Items was up 2.36%
CPI for Food and Beverages was up 1.3%
CPI for Housing was up 3.0%
CPI for Apparel was up .3%
CPI for Transportation including gasoline was up 3.9%
CPI for Medical Care was up 2.0%
CPI for Recreation was up .6%
CPI for Education was up 1.8%
CPI for Communication was down 1.8%
This Month's Establishment Jobs Press Report
NOT SO GOOD
The Bureau of Labor Statistics published its April report for jobs in March. The labor force declined 158 thousand after last month's big increase. The labor force drop was a combination of a small drop of 37 thousand in the employed and bigger drop of 121 thousand the unemployed. Normal population growth combined with the decline in the labor force, increased the number of adults out of the labor force by 323 thousand. The decrease in the labor force acts to raise the unemployment rate, but the decrease in the unemployed just offset that change for March so that the unemployment rate remained steady at 4.1 percent. The labor force participation rate dropped .1 percent to 62.9 percent.
The seasonally adjusted total of establishment employment was up 103 thousand for March. The increase was 87 thousand more jobs in the private service sector combined with a 15 thousand increase in jobs from goods production. The total of 102 thousand more private sector jobs combined with an increase of 1 thousand government service jobs accounts for the total increase.
The goods production sub sectors had a good month with 15 thousand more jobs. Natural resources had a net of 8 thousand more jobs, same as last month. The March gain included 5.5 thousand jobs in support activities in mining. Construction dropped 15 thousand jobs after last month's increase with 16.2 thousand of the job losses in specialty trade contracting. Manufacturing had 22 thousand more jobs for March, a good month but less than last month. The gains came as 22 thousand more jobs in durable goods but no gain in non-durable goods. Fabricated metal products, machinery manufacturing and transportation equipment, mostly automobiles, topped the manufacturing categories. Notice these are the products and jobs most likely to be hurt by Trump tariffs. In non-durable goods food processing had 3.3 thousand new jobs to offset other non-durable losses. Food processing jobs are also likely to be hurt by tariffs.
Government service employment was up a net 1 thousand jobs for March, way down from last month. The federal government lost a thousand jobs including a decline of 500 jobs in the postal service. State government also dropped a thousand jobs while local government employment offset the losses with 3 thousand new jobs in a month of small change in government employment. State government education added 700 education jobs and the local government added another 400 jobs, while private education dropped 9.0 thousand jobs, making a net loss of 7.7 thousand education jobs for March..
Health care had 34 thousand new jobs to nose out professional and business services for first place for private service sector job gains in March, slightly better than last month. Ambulatory care had 16.2 thousand new jobs; hospital jobs added another 9.9 thousand; social assistance 11.6 thousand new jobs. Nursing and residential care, typically the weakest of the health care sub-sectors, dropped 3.7 thousand jobs. The March growth rate in health care employment was 2.05 percent, below the long-term average of 2.31 percent.
Professional and business services had 33 thousand more jobs, a thousand below health care. The professional and technical service sub sector added 18.9 thousand of the jobs, management of companies added 2.1 thousand jobs and administration and support services including waste management had 11.7 thousand new jobs. In professional and technical services accounting and bookkeeping services added 9.6 thousand jobs; computer design and related services added another 5.0 thousand jobs, smaller than usual; management and technical consulting had an unusual drop of 400 jobs. In Administrative and support services it was the services to buildings and dwellings sub sector with the only significant gain, 9.9 thousand jobs. Otherwise it was small losses or small gains even for temporary help services.
Trade, transportation and utilities had 21 thousand new jobs in March, way down from last month. Wholesale trade picked up 11.4 thousand jobs partly offset by a retail drop of 4.4 thousand jobs. Transportation added a net of 9.8 thousand jobs with 6.7 thousand of them in trucking; couriers and messengers added 5.8 thousand more and warehousing and storage another 2.5 thousand. Other modal transportation services had losses or little change.
Leisure and hospitality had a second bad month with just 5 thousand new jobs, even less than last month. Restaurants had no gain for the first time in years. Accommodation had 4.3 thousand new jobs, an unusually large number especially in a poor month for leisure and hospitality. The arts, entertainment and recreation sub sector dropped 200 jobs..
Information services picked up a net of 2 thousand jobs for March. Data processing and hosting services had 2.9 thousand new jobs, a little more than last month. Motion picture and sound recording added 2.6 thousand jobs after last month's big losses. Telecommunications dropped 2 thousand jobs among other smaller losses.
Financial activities was also way down from last month with just 2 thousand new jobs, although growth here is typically modest. Finance and insurance had a net decrease of 1.6 thousand jobs. However, insurance picked up 2.8 thousand jobs offset by small losses in banking and intermediation services. Real estate and rental and leasing services picked up 3.5 thousand jobs, most of it in real estate. The category, other services, lost a thousand jobs, way off from recent months. Small gains in repair and maintenance services were offset by small losses in personal and laundry services and non-profit associations.
Establishment employment was up 103 thousand in March to 148.230 million jobs, about a third of the gain compared to last month. The annual growth rate dropped below one percent to just .83 percent, well below population growth. Manufacturing jobs continue to inch upward but goods production gains dropped to only 15 thousand jobs after last month's gain of a 100 thousand. Tariffs and the need to fund immense federal budget deficits will not help job growth. The future of jobs looks more troubled than six months ago.
Non Farm Total +103
The Bureau of Labor Statistics (BLS) reported Non-Farm employment for establishments increased from February by 103 thousand jobs for a(n) March total of 148.230 million. (Note 1 below) An increase of 103 thousand each month for the next 12 months represents an annual growth rate of +.83%. The annual growth rate from a year ago beginning March 2017 was +1.55%; the average annual growth rate from 5 years ago beginning March 2013 was +1.78%; from 15 years ago beginning March 2003 it was .87%. America needs growth around 1.5 percent a year to keep itself employed.
Sector breakdown for 12 Sectors in 000's of jobs
1. Natural Resources +8
Natural Resources jobs including logging and mining were up 8 thousand from February at 722 thousand jobs in March. An increase of 8 thousand jobs each month for the next 12 months would be an annual growth rate of +13.45 percent. Natural resource jobs are up 62 thousand for the 12 months just ended. Jobs in the 1990's totaled around 770 thousand. Job growth here will be small compared to America's job needs. This is the smallest of 12 major sectors of the economy with .5 percent of establishment jobs.
2. Construction -15
Construction jobs were down 15 thousand from February with 7.150 million jobs in March. A decrease of 15 thousand jobs each month for the next 12 months would be an annual growth rate of -2.51 percent. Construction jobs are up 228 thousand for the 12 months just ended. The growth rate for the last 5 years is +4.22%. Construction jobs rank 9th among the 12 sectors with 4.8 percent of non-farm employment.
3. Manufacturing +22
Manufacturing jobs were up 22 thousand from February with 12.632 million jobs in March. An increase of 22 thousand jobs each month for the next 12 months would be an annual growth rate of +2.09 percent. Manufacturing jobs were up for the last 12 months by 232 thousand. The growth rate for the last 5 years is +1.03%; for the last 15 years by
-1.02%. In 1994, manufacturing ranked 2nd but now ranks 6th among 12 major sectors in the economy with 8.5 percent of establishment jobs.
4. Trade, Transportation & Utility +21
Trade, both wholesale and retail, transportation and utility employment was up 21 thousand from February at 27.722 million jobs in March. An increase of 21 thousand each month for the next 12 months would be an annual growth rate of +.91 percent. Jobs are up by 295 thousand for the last 12 months. Growth rates for the last 5 years are +1.54 percent. Jobs in these sectors rank first as the biggest sectors with combined employment of 18.7 percent of total establishment employment.
5. Information Services +2
Information Services employment was up 2 thousand from February at 2.760 million jobs in March. An increase of 2 thousand each month for the next 12 months would be an annual growth rate of +.87 percent. (Note 2 below) Jobs are down by 49 thousand for the last 12 months. Information jobs reached 3.7 million at the end of 2000, but started dropping, reaching 3 million by 2004, but now holds in the 2.7 million range. Information Services is a small sector ranking 11th of 12 with 1.9 percent of establishment jobs.
6. Financial Activities +2
Financial Activities jobs were up 2 thousand from February at 8.546 million in March. An increase of 2 thousand each month for the next 12 months would be an annual growth rate of + .28 percent. Jobs are up 136 thousand for the last 12 months. (Note 3 below)This sector also includes real estate as well as real estate lending. Financial Services has been growing slowly with many months of negative growth. The long term growth rates are now at a 5 year growth rate of +1.70 percent, and a 15 year growth rate of +.40 percent. Financial activities rank 8 of 12 with 5.8 percent of establishment jobs.
7. Business & Professional Services +33
Business and Professional Service jobs went up 33 thousand from February to 20.803 million in March. An increase of 33 thousand each month for the next 12 months would be an annual growth rate of +1.91 percent. Jobs are up 502 thousand for the last 12 months. Note 4 The annual growth rate for the last 5 years was 2.53 percent. It ranks as 2nd among the 12 sectors now. It was third in May 1993, when manufacturing was bigger and second rank now with 14.0 percent of establishment employment.
8. Education including public and private -8
Education jobs went down 8 thousand jobs from February at 14.086 million in March. These include public and private education. A decrease of 8 thousand jobs each month for the next 12 months would be an annual growth rate of-.67 percent. Jobs are up 56 thousand for the last 12 months. (note 5) The 15 year growth rate equals +.74 percent, slower than the national average. Education ranks 4th among 12 sectors with 9.5 percent of establishment jobs.
9. Health Care +34
Health care jobs were up 34 thousand from February to 19.789 million in March. An increase of 34 thousand each month for the next 12 months would be an annual growth rate of +2.05 percent. Jobs are up 396 thousand for the last 12 months. (note 6) The current month was below long term trends and just greater than growth from a year ago when the annual growth rate was +2.04 percent. Health care has been growing at +2.31 percent annual rate for the last 15 years, a rate greater than the national rate. Health care ranks 3rd of 12 with 13.3 percent of establishment jobs.
10. Leisure and hospitality +5
Leisure and hospitality jobs went up 5 thousand from February to 16.256 million in March. An increase of 5 thousand each month for the next 12 months would be an annual growth rate of +.37 percent. Jobs are up 312 thousand for the last 12 months. (note 7) The 5 year growth rate is 2.87%. More than 80 percent of leisure and hospitality are accommodations and restaurants assuring that most of the new jobs are in restaurants. Leisure and hospitality ranks 4th of 12 with 11.0 percent of establishment jobs. It moved up from 7th in the 1990's to 5th in the last few years.
11. Other -1
Other Service jobs, which include repair, maintenance, personal services and non-profit organizations went down 1 thousand from February to 5.837 million jobs in March. A decrease of 1 thousand each month for the next 12 months would be an annual growth rate of -.21 percent. Jobs are up 88 thousand for the last 12 months. (note 8) Other services had +.51 percent growth for the last 15 years. These sectors rank 10th of 12 with 3.9 percent of total non-farm establishment jobs.
12. Government, excluding education -1
Government service employment was down 1 thousand from February to 11.933 million jobs in March. A decrease of 1 thousand each month for the next 12 months would be an annual growth rate of -.08 percent. Jobs are up 2 thousand for the last 12 months. (note 9) Government jobs excluding education tend to increase slowly but surely with a 15 year growth rate of +.15 percent. Government, excluding education, ranks 7th of 12 with 8.1 percent of total non-farm establishment jobs.
(1) The total cited above is non-farm establishment employment that counts jobs and not people. If one person has two jobs then two jobs are counted. It excludes agricultural employment and the self employed. Out of a total of people employed agricultural employment typically has about 1.5 percent, the self employed about 6.8 percent, the rest make up wage and salary employment. Jobs and people employed are close to the same, but not identical numbers because jobs are not the same as people employed: some hold two jobs. Remember all these totals are jobs. back
(2) Information Services is part of the new North American Industry Classification System(NAICS). It includes firms or establishments in publishing, motion picture & sound recording, broadcasting, Internet publishing and broadcasting, telecommunications, ISPs, web search portals, data processing, libraries, archives and a few others.back
(3) Financial Activities includes deposit and non-deposit credit firms, most of which are still known as banks, savings and loan and credit unions, but also real estate firms and general and commercial rental and leasing.back
(4) Business and Professional services includes the professional areas such as legal services, architecture, engineering, computing, advertising and supporting services including office services, facilities support, services to buildings, security services, employment agencies and so on.back
(5) Education includes private and public education. Therefore education job totals include public schools and colleges as well as private schools and colleges. back
(6) Health care includes ambulatory care, private hospitals, nursing and residential care, and social services including child care. back
(7) Leisure and hospitality has establishment with arts, entertainment and recreation which has performing arts, spectator sports, gambling, fitness centers and others, which are the leisure part. The hospitality part has accommodations, motels, hotels, RV parks, and full service and fast food restaurants. back
(8) Other is a smorgasbord of repair and maintenance services, especially car repair, personal services and non-profit services of organizations like foundations, social advocacy and civic groups, and business, professional, labor unions, political groups and political parties. back
(9) Government job totals include federal, state, and local government administrative work but without education jobs. back
Jobs are not the same as employment because jobs are counted once but one person could have two jobs adding one to employment but two to jobs. Also the employment numbers include agricultural workers, the self employed, unpaid family workers, household workers and those on unpaid leave. Jobs are establishment jobs and non-other. back