February job growth slows to 20,000

U.S. Employment Report

The U.S. added less jobs in February, but the U.S. jobless rate increased, as the nonfarm payrolls increase in public and private sectors.
The Labor Department announced nonfarm payrolls rose by only 20,000 in February and the nation's unemployment rate dropped to 3.8 %, from 4.0 %, on the seasonally adjusted basis.

employment in the private sector grew by 25,000 led by hiring in the service providing sector up 57,000, while goods-producing industries have eliminated -32,000 jobs. Nonfarm payrolls were strong accross the board in the February report, improvement in the private sector, was followed by the job growth in public sector, as the government hired 13,000 people.
While one month does not make a trend and we are coming off few solid payroll reports, the employment report suggests that momentum is slowing relative to market expectations. Total number of employed persons in the U.S. rose by 0.16 % to 156,95 millions, as professional and business services sectors created 42,000 new jobs, the biggest decline took place in construction sector down by -31,000 payrolls.

At Feb. 2019 Total number of unemployed persons deacreased to 6.24 millions, a deacrease of 300.00 thousands or -4.59 % from Jan. 2019, Unemployment rate decreased to 3.80 %, from 4.00% in previous month. In February 20,000 nonfarm payrolls were created.

Labor force

Average workweek fell by -0.29 % to 34.40hours, a decrease by $0.10 from 34.50 in January on the seasonally adjusted basis.
With modest increase in hourly earnings and fall in hours worked, average weekly earnings increased in the private sector to $951.50 from $950.82 in the previous month.

The number of employed persons increased to 156.95 millions by 255.00 thousands or 0.16 % in Feb. 2019.

Total Labor force deacreased to 163.18 millions.
Average weekly earnings where $951.50 dollars, in Feb. 2019

Average Weekly Hours of Production

The official unemployment rate does not tell the whole story since it does not count discouraged workers who recently stopped looking for a job. Unemployment faded to 6.24 million, a decrease by -300,000 from 6.54 million in January by -4.59 % on the seasonally adjusted basis. It's fair to say, that the decline in the labor force has played a minor role in the falling unemployment rate in February, the labor force participation rate has held steady at 63.20 %.
	The U.S. Labor Department announced hourly wages increased modestly by 0.36 % despite decrease in hours of production, in February on the seasonally adjusted basis. On a year-over-year basis, earnings were up 3.40 %, This is above the % year-over-year increase in the consumer price index in February. Construction Industry fell to 38.90 hours per week, from Jan. 2019; Manufacturing Industry fell to 40.70 hours per week, Durable goods Industry increased to 42.30 hours per week, Nondurable goods Industry advanced to 40.20 hours per week. Average Weekly Hours of Production for private serviceproviding industry remained unchanged from Jan. 2019; Trade, transportation & utilities Industry remained unchanged from Jan. 2019 . Financial activities Industry Average Weekly Hours of Production moved up to 37.80 hours per week, from Jan. 2019.

Information Industry Average Weekly Hours of Production went up to 36.20 hours per week, from Jan. 2019; Professional & business services Industry remained unchanged from Jan. 2019; Education & health services Industry remained unchanged from Jan. 2019; Leisure & hospitality Industry fell to 26.00 hours per week, from Jan. 2019; Other services Industry remained unchanged from Jan. 2019.

Employment Situation ( in millions or %)	Feb. 2019 prel.	Jan. 2019 prel.	Dec. 2018 prel.	Nov. 2018 prel.	Oct. 2018 prel.	Sep. 2018 prel.
Unemployment rate	3.8 %	4 %	3.9 %	3.7 %	3.7 %	3.7 %
Number of unemployed persons	6.235	6.535	6.294	5.975	6.075	5.964
Number of Employed persons	156.949	156.694	156.945	156.795	156.562	155.962
Employment/population ratio	60.7 %	60.7 %	60.6 %	60.6 %	60.6 %	60.4 %
Civilian labor force	163.184	163.229	163.240	162.770	162.637	161.926
Participation rate	63.2 %	63.2 %	63.1 %	62.9 %	62.9 %	62.7 %
Civilian noninstitutional population	258.392	258.239	258.888	258.708	258.514	258.290
Persons who currently want a job outside CLF	5.222	5.254	5.327	5.397	5.309	5.237
EMPLOYMENT BY SELECTED INDUSTRY (Over-the-month change, in thousands)	Feb. 2019 prel.	Jan. 2019 prel.	Dec. 2018 prel.	Nov. 2018 prel.	Oct. 2018 prel.	Sep. 2018 prel.
Nonfarm Payrolls	+20.0	+304.0	+222.0	+155.0	+250.0	+134.0
Total Private Payrolls	+25.0	+296.0	+206.0	+161.0	+246.0	+121.0
Goods-producing Payrolls	-32.0	+72.0	+53.0	+29.0	+67.0	+46.0
Mining & logging	-5.0	+7.0	+5.0	-3.0	+5.0	+5.0
Construction	-31.0	+52.0	+28.0	+5.0	+30.0	+23.0
Manufacturing Payrolls	+3.5	+3.5	+3.6	+3.5	+3.5	+18.0
Durable goods	+5.0	+20.0	+17.0	+15.0	+21.0	+17.0
Motor vehicles and parts	+1.3	+0.7	+1.8	-0.8	+6.8	-0.4
Nondurable goods	-1.0	-7.0	+3.0	+12.0	+11.0	+1.0
Private service-providing Payrolls	+57.0	+224.0	+153.0	+132.0	+179.0	+75.0
Wholesale trade	+10.9	+4.7	+10.9	+9.5	+9.1	+4.4
Retail trade	-6.1	+20.8	-12.0	+18.2	+2.4	-20.0
Transportation and warehousing	-3.0	+26.6	-4.9	+25.4	+24.8	+23.8
Information	-	-4.0	-4.0	-8.0	+7.0	-
Financial activities	+6.0	+13.0	+4.0	+6.0	+7.0	+13.0
Professional and business services	+42.0	+30.0	+29.0	+32.0	+35.0	+54.0
Temporary help services	+5.8	+1.0	+7.9	+8.3	+3.3	+10.6
Education and health services	+4.0	+55.0	+67.0	+34.0	+44.0	+18.0
Health care and social assistance	+22.5	+45.4	+55.5	+40.1	+46.7	+29.8
Leisure and hospitality	-	+74.0	+55.0	+15.0	+42.0	-17.0
Other services	-1.0	+9.0	+9.0	-1.0	+9.0	+9.0
Government Payrolls	+13.0	+16.0	+16.0	+13.0	+16.0	+16.0

Civilian labor force
is the sum of employed and unemployed persons.

Unemployment Rate
is the number unemployed as a percent of the labor force.

Labor force participation rate
is the labor force as a percent of the population.

Employment-population ratio
is the employed as a percent of the population.

Average weekly Salary by Industry ($)	Feb. 2019 prel.	Jan. 2019 prel.	Dec. 2018 prel.	Nov. 2018 prel.	Oct. 2018 prel.	Sep. 2018 prel.
Total private	951.50	950.82	949.79	940.84	941.85	939.78
Goods producing	1,152.13	1,158.73	1,161.16	1,147.74	1,144.52	1,142.91
Natural resources & mining	1,514.85	1,506.09	1,515.40	1,510.03	1,507.82	1,509.57
Construction	1,184.51	1,204.58	1,197.37	1,174.86	1,175.17	1,174.00
Manufacturing	1,114.37	1,110.17	1,117.80	1,109.76	1,106.09	1,104.46
Overtime hours	-	-	-	-	-	-
Durable goods	1,222.05	1,197.99	1,238.83	1,152.13	1,367.52	1,160.76
Nondurable goods	996.96	990.07	998.63	995.81	992.07	993.34
Private serviceproviding	913.42	910.76	908.09	901.76	900.43	898.10
Trade, transportation & utilities	818.06	815.67	816.34	812.18	809.82	810.12
Wholesale trade	1,210.17	1,206.27	1,205.88	1,195.01	1,196.20	1,201.23
Retail trade	593.64	589.26	588.74	588.03	583.97	584.97
Transportation & warehousing	947.63	949.70	955.89	956.00	955.50	951.49
Utilities	1,760.35	1,755.68	1,759.60	1,729.65	1,726.10	1,720.41

Information	1,509.90	1,504.93	1,497.23	1,469.99	1,458.08	1,465.83
Financial activities	1,343.41	1,338.73	1,331.42	1,329.43	1,324.13	1,313.63
Professional & business services	1,200.75	1,194.96	1,190.22	1,184.44	1,185.91	1,180.11
Education & health services	906.84	905.19	901.56	894.88	897.27	893.31
Leisure & hospitality	426.14	425.43	423.02	420.94	420.47	417.56
Other services	797.50	796.54	793.99	784.10	783.15	778.46

Average weekly hours of production by Industry	Feb. 2019 prel.	Jan. 2019 prel.	Dec. 2018 prel.	Nov. 2018 prel.	Oct. 2018 prel.	Sep. 2018 prel.
Total private	34.40	34.50	34.50	34.40	34.50	34.50
Goods producing	40.20	40.70	40.60	40.30	40.30	40.30
Natural resources & mining	46.10	46.10	46.30	45.80	45.90	45.80
Construction	38.90	39.90	39.40	38.80	38.90	38.90
Manufacturing	40.70	40.80	40.90	40.80	40.80	40.80
Overtime hours	-	-	-	-	-	-
Durable goods	42.30	41.80	43.00	40.20	48.00	40.80
Nondurable goods	40.20	40.10	40.30	40.30	40.10	40.20
Private serviceproviding	33.30	33.30	33.30	33.30	33.30	33.30
Trade, transportation & utilities	34.20	34.20	34.30	34.40	34.30	34.40
Wholesale trade	39.00	39.00	39.00	38.90	38.80	38.90
Retail trade	30.60	30.50	30.60	30.90	30.80	31.00
Transportation & warehousing	38.60	38.70	39.00	39.10	39.00	38.90
Utilities	42.50	42.50	42.40	42.30	42.10	41.90

Information	36.20	35.90	36.20	36.10	36.10	36.40
Financial activities	37.80	37.70	37.60	37.80	37.80	37.50
Professional & business services	36.20	36.20	36.10	36.10	36.20	36.10
Education & health services	33.00	33.00	33.00	32.90	33.00	33.00
Leisure & hospitality	26.00	26.10	26.00	26.00	26.10	26.00
Other services	31.90	31.90	31.90	31.90	31.90	31.80

Average hourly earnings ($)	Feb. 2019 prel.	Jan. 2019 prel.	Dec. 2018 prel.	Nov. 2018 prel.	Oct. 2018 prel.	Sep. 2018 prel.
Total private	27.66	27.56	27.53	27.35	27.30	27.24
Goods producing	28.66	28.47	28.60	28.48	28.40	28.36
Natural resources & mining	32.86	32.67	32.73	32.97	32.85	32.96
Construction	30.45	30.19	30.39	30.28	30.21	30.18
Manufacturing	27.38	27.21	27.33	27.20	27.11	27.07
Overtime hours	-	-	-	-	-	-
Durable goods	28.89	28.66	28.81	28.66	28.49	28.45
Nondurable goods	24.80	24.69	24.78	24.71	24.74	24.71
Private serviceproviding	27.43	27.35	27.27	27.08	27.04	26.97
Trade, transportation & utilities	23.92	23.85	23.80	23.61	23.61	23.55
Wholesale trade	31.03	30.93	30.92	30.72	30.83	30.88
Retail trade	19.40	19.32	19.24	19.03	18.96	18.87
Transportation & warehousing	24.55	24.54	24.51	24.45	24.50	24.46
Utilities	41.42	41.31	41.50	40.89	41.00	41.06

Information	41.71	41.92	41.36	40.72	40.39	40.27
Financial activities	35.54	35.51	35.41	35.17	35.03	35.03
Professional & business services	33.17	33.01	32.97	32.81	32.76	32.69
Education & health services	27.48	27.43	27.32	27.20	27.19	27.07
Leisure & hospitality	16.39	16.30	16.27	16.19	16.11	16.06
Other services	25.00	24.97	24.89	24.58	24.55	24.48

• Source: Department of Labor
Picture Autor: (Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954)

At a Glance

Employment Situation

• (M / M)

• (Y / Y)

Average weekly hours of production

• (M / M)

• (Y / Y)

Average hourly earnings

• (M / M)

• (Y / Y)

Average weekly earnings

• (M / M)

• (Y / Y)

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