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 February 2, 2018.
American Job Market The Chronicle
Current Job and Employment Data
Total Non-Farm Establishment Jobs up 200,000 to 147,810,000
Total Private Jobs up 196,000 to 125,482,000
Total Government Employment up 4,000 to 22,328,000
Civilian Non-Institutional Population up 674,000 to 256,780,000
Civilian Labor Force up 518,000 to 161,115,000
Employed up 409,000 to 154,430,000
Employed Men up 453,000 to 82,274,000
Employed Women down 43,000 to 72,157
Unemployed up 108,000 to 6,684,000
Not in the Labor Force up 153,000 to 95,665,000
Unemployment Rate stayed the same at 4.1% or 6,684/161,115
Labor Force Participation Rate stayed the same at 62.7%, or 161,115/256,780
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 FEbruary CPI report for the 12 months ending with January, shows the
CPI for All Items was up 2.1%
CPI for Food and Beverages was up 1.6%
CPI for Housing was up 2.8%
CPI for Apparel was down .7%
CPI for Transportation including gasoline was up 3.0%
CPI for Medical Care was up 2.0%
CPI for Recreation was up 1.1%
CPI for Education was up 2.0%
CPI for Communication was down 4.9%
This Month's Establishment Jobs Press Report
NOT BAD, BUT THE BOTTOM OF THE GOOD RANGE
The Bureau of Labor Statistics published its February report for jobs in January. They completed their annual data revision with this month's report. The employed increased by 409 thousand while the unemployed jumped 108 thousand. Employment of men jumped 453 thousand; employed women dropped 43 thousand. At the start of 2018 employed women totaled 72.157 million; employed men 82.274 million. The participation rate from men equals 69.2 percent; for women 56.7 percent. The increase in the employed increased the denominator enough to offset the increase in the unemployed to keep the unemployment rate steady at 4.1 per cent. The overall labor force participation rate also held steady at 62.7 percent for the fourth month.
The seasonally adjusted total of establishment employment was up 200 thousand for January. The increase was 139 thousand more jobs in the private service sector combined with a 57 thousand increase in jobs from goods production. The total of 196 thousand more private sector jobs combined with an increase of 4 thousand government service jobs accounts for the total increase.
The goods production sub sectors had another month of better than usual job growth with more jobs in all three sub sectors for January. Natural resources had a net of 6 thousand more jobs, most from gains in support activities in mining. Construction added 36 thousand jobs with 26.3 thousand more jobs in specialty trade contracting. Heavy and engineering construction added 6.3 thousand jobs. Residential construction gains were mostly offset by non-residential losses. Manufacturing had 15 thousand more jobs for January, a good month, although not as good as last month. All the gains came in durable goods jobs with 18 thousand new jobs set against a loss of 3 thousand non-durable goods jobs. Machinery manufacturing topped all manufacturing categories with 5.4 thousand new jobs.
Government service employment was up a net 4 thousand seasonally adjusted jobs for January. The federal government added 5 thousand jobs and local government another 10 thousand including public education to offset a decline of 11 thousand jobs in state government. State government excluding education dropped 9.9 thousand jobs offset by a gain of 9.8 thousand jobs in local government, also excluding education. Both state and local public education lost jobs, although only a combined loss of 500 jobs. Private education was up 11.7 thousand jobs, making a combined increase of 11.2 thousand jobs in education for January.
Leisure and hospitality took first place for job gains in January with 35 thousand new jobs. Restaurants accounted for 89 percent, or 31.1 thousand, of the new leisure and hospitality jobs. The arts, entertainment and recreation sub sector added a net of 2.3 thousand jobs from gains in amusements, gambling and recreation offset with job losses in performing arts and spectator sports. Accommodations added 1.4 thousand new jobs.
Health care had 26 thousand more jobs with more jobs in all four sub-sectors. Ambulatory care had 7.7 thousand new jobs; hospital jobs another 12.7 thousand; social assistance 5.2 thousand new jobs; nursing and residential care barely came out ahead with 200 more jobs. The January growth rate in health care employment was 1.57 percent, well below the long term average of 2.31 percent.
Trade, transportation and utilities did much better for January after job losses last month adding a total of 34 thousand jobs. Both Wholesale and retail trade and transportation had job gains: wholesale trade added 9.8 thousand jobs; retail another 15.4 thousand jobs. In retail, clothing and clothing accessory stores did well in January. Transportation had 11.1 thousand new jobs with 4.9 thousand of those jobs in courier and messenger services and 5.3 thousand more jobs in warehousing and storage. Small gains in truck transportation offset smaller losses in air, water and public transit transportation for a small net gain of jobs in modal transportation. Utilities dropped 1.4 thousand jobs.
Professional and business services had 23 thousand more jobs, well below the usual range of new jobs. The professional and technical service sub sector had a modest increase of 7.5 thousand jobs. Management of companies dropped 200 jobs; administration and support services including waste management had a net increase of 14.6 thousand jobs, a small increase for this sub sector and less than last month.
Accounting and bookkeeping services dropped 10.1 thousand jobs after last month's large increase. Other professional and technical services had modest gains. Computer design and related services added 4.5 thousand new jobs, better than last month but still a small increase; management and technical consulting added 4.6 thousand jobs; architecture and engineering services another 3.9 thousand jobs. Among administrative and support services, business support added 5.9 thousand jobs; employment services another 5.7 thousand jobs, a smaller than normal increase.
Information services returned to a normal decrease in jobs, down 6 thousand jobs for January. Data processing and hosting services had a small job gain but remaining sub sectors had job losses. The biggest loss came in motion picture and sound recording, down 2.3 thousand jobs.
Financial activities added a net of 9 thousand jobs with finance and insurance adding 2.1 thousand jobs and real estate and rental and leasing services picking up a combined 6.5 thousand. Insurance lost 1.7 thousand jobs for January, an unusual decline. The category, other services had 6 thousand new jobs. Personal and laundry services added 5.8 thousand jobs; non-profit associations picked up 1.7 thousand jobs, less than last month and less than usual. Repair and maintenance services had a small job loss.
Establishment employment was up 200 thousand in January to 147.810 million jobs, a bigger gain than last month and in the good range, but not great. The annual growth rate inched up to 1.63 percent. The goods production sector did well this month, but except for leisure and hospitality private service providing employment did below normal. Health care and professional and business services did well below par. All in all not bad, but I would call it toward the bottom of the good range.
Non Farm Total +200
The Bureau of Labor Statistics (BLS) reported Non-Farm employment for establishments increased from December by 200 thousand jobs for a(n) January total of 147.810 million. (Note 1 below) An increase of 200 thousand each month for the next 12 months represents an annual growth rate of +1.63%. The annual growth rate from a year ago beginning January 2017 was +1.45%; the average annual growth rate from 5 years ago beginning January 2013 was +1.79%; from 15 years ago beginning January 2003 it was .83%. 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 +6
Natural Resources jobs including logging and mining were up 6 thousand from December at 704 thousand jobs in January. An increase of 6 thousand jobs each month for the next 12 months would be an annual growth rate of +10.32 percent. Natural resource jobs are up 58 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 +36
Construction jobs were up 36 thousand from December with 7.099 million jobs in January. An increase of 36 thousand jobs each month for the next 12 months would be an annual growth rate of +6.12 percent. Construction jobs are up 226 thousand for the 12 months just ended. The growth rate for the last 5 years is +4.34%. Construction jobs rank 9th among the 12 sectors with 4.7 percent of non-farm employment.
3. Manufacturing +15
Manufacturing jobs were up 15 thousand from December with 12.555 million jobs in January. An increase of 15 thousand jobs each month for the next 12 months would be an annual growth rate of +1.44 percent. Manufacturing jobs were up for the last 12 months by 186 thousand. The growth rate for the last 5 years is +.94%; for the last 15 years by -1.12%. 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 +34
Trade, both wholesale and retail, transportation and utility employment was up 34 thousand from December at 27.633 million jobs in January. An increase of 34 thousand each month for the next 12 months would be an annual growth rate of +1.48 percent. Jobs are up by 183 thousand for the last 12 months. Growth rates for the last 5 years are +1.48 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 -6
Information Services employment was down 6 thousand from December at 2.773 million jobs in January. A decrease of 6 thousand each month for the next 12 months would be an annual growth rate of -2.59 percent. (Note 2 below) Jobs are down by 37 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 +9
Financial Activities jobs were up 9 thousand from December at 8.518 million in January. An increase of 9 thousand each month for the next 12 months would be an annual growth rate of + 1.27 percent. Jobs are up 121 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 +1.68 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 +23
Business and Professional Service jobs went up 23 thousand from December to 20.694 million in January. An increase of 23 thousand each month for the next 12 months would be an annual growth rate of +1.34 percent. Jobs are up 448 thousand for the last 12 months. Note 4 The annual growth rate for the last 5 years was 2.59 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 14.2 percent of establishment employment.
8. Education including public and private +11
Education jobs went up 11 thousand jobs from December at 14.105 million in January. These include public and private education. An increase of 11 thousand jobs each month for the next 12 months would be an annual growth rate of+.95 percent. Jobs are up 102 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 9.6 percent of establishment jobs.
9. Health Care +26
Health care jobs were up 26 thousand from December to 19.715 million in January. An increase of 26 thousand each month for the next 12 months would be an annual growth rate of +1.57 percent. Jobs are up 383 thousand for the last 12 months. (note 6) The current month was below long term trends and less than growth from a year ago when the annual growth rate was +1.91 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 +35
Leisure and hospitality jobs went up 35 thousand from December to 16.248 million in January. An increase of 35 thousand each month for the next 12 months would be an annual growth rate of +2.59 percent. Jobs are up 342 thousand for the last 12 months. (note 7) The 5 year growth rate is 2.98%. 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 10.9 percent of establishment jobs. It moved up from 7th in the 1990's to 5th in the last few years.
11. Other +6
Other Service jobs, which include repair, maintenance, personal services and non-profit organizations went up 6 thousand from December to 5.831 million jobs in January. An increase of 6 thousand each month for the next 12 months would be an annual growth rate of +1.24 percent. Jobs are up 102 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 +4
Government service employment was up 4 thousand from December to 11.935 million jobs in January. An increase of 4 thousand each month for the next 12 months would be an annual growth rate of +.49 percent. Jobs are up 5 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