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U.S. economy continue to add jobs in August

U.S. Employment Report



The U.S. economy in August generated fewer new jobs than in July,
The Labor Department announced nonfarm payrolls grew by 130,000 in August on the seasonally adjusted basis.


Some economists say that recent slowdown in hiring, could lead to weaker consumer spending. It may undermine the confidence of business executives and slowdown hiring further.
Current report bucks otherwise positive trend in the nonfarm payrolls. Total number of employed persons in the U.S. rose by 0.38 % to 157,88 millions, as professional and business services sectors created 37,000 new jobs, the retail sector has lost -11,100 jobs.


At Aug. 2019 Total number of unemployed persons deacreased to 6.04 millions, a deacrease of 19.00 thousands or -0.31 % from July 2019, Unemployment rate remained unchanged from July 2019. In August 130,000 nonfarm payrolls were created.


Labor force
The report showed some strength as decline in unemployment, outpaced increase in the labor force. The number of unemployed people fell to 6.04 million, a decrease by -19,000 from 6.06 million in July by -0.31 % on the seasonally adjusted basis.
About 571,000 entered the labor force in August as some discouraged job seekers return to the labor market, lifting the percentage of civilians who have or want a job up to 63.20 % from 63.00 %.


The number of employed persons increased to 157.88 millions by 590.00 thousands or 0.38 % in Aug. 2019.

Total Labor force increased to 163.92 millions.
Average weekly earnings where $966.98 dollars, in Aug. 2019


Average Weekly Hours of Production
The U.S. Labor Department announced hourly wages increased modestly by 0.46 % to $28.11, an increase of $0.13 from $27.98 in July in August on the seasonally adjusted basis.
On a year-over-year basis, earnings were up 3.50 %, This is above the % year-over-year increase in the consumer price index in August.

 Employement situation (Picture Autor: Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954) Average workweek grew in August by 0.29 % to 34.40 hours, an increase of $0.10 from 34.30 in July on the seasonally adjusted basis, the hours worked in utilities grew at the highest pace to 42.40 hours, the hours worked in durable goods manufacturers fell the most to 41.10 hours, reported by the Labor Department.
With modest increase in hourly earnings and growth in hours worked, average weekly earnings increased in the private sector to $966.98 from $959.71 in the previous month.

Construction Industry grew to 39.40 hours per week, from July 2019; Manufacturing Industry rose to 40.60 hours per week, Durable goods Industry fell to 41.10 hours per week, Nondurable goods Industry advanced to 39.80 hours per week.

Average Weekly Hours of Production for private serviceproviding industry rose to 33.30 hours per week, from July 2019; Trade, transportation & utilities Industry grew to 34.30 hours per week, from July 2019 .

Financial activities Industry Average Weekly Hours of Production moved up to 37.70 hours per week, from July 2019.


Information Industry Average Weekly Hours of Production went up to 36.30 hours per week, from July 2019; Professional & business services Industry increased to 36.30 hours per week, from July 2019;
Education & health services Industry advanced to 33.00 hours per week, from July 2019; Leisure & hospitality Industry advanced to 25.90 hours per week, from July 2019; Other services Industry remained unchanged from July 2019.





Employment Situation
( in millions or %)
Aug. 2019

prel.
July 2019

prel.
June 2019

prel.
May 2019

prel.
April 2019

prel.
March 2019

prel.
Unemployment rate
3.7 % 3.7 % 3.7 % 3.6 % 3.6 % 3.8 %
Number of unemployed persons
6.044 6.063 5.975 5.888 5.824 6.211
Number of Employed persons
157.878 157.288 157.005 156.758 156.645 156.748
Employment/population ratio
60.9 % 60.7 % 60.6 % 60.6 % 60.6 % 60.6 %
Civilian labor force
163.922 163.351 162.981 162.646 162.470 162.960
Participation rate
63.2 % 63 % 62.9 % 62.8 % 62.8 % 63 %
Civilian noninstitutional population
259.432 259.225 259.037 258.861 258.693 258.537
Persons who currently want a job outside CLF
5.150 5.043 5.322 5.045 5.121 5.227
EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands)
Aug. 2019
prel.
July 2019
prel.
June 2019
prel.
May 2019
prel.
April 2019
prel.
March 2019
prel.
Nonfarm Payrolls
+130.0 +164.0 +193.0 +75.0 +263.0 +196.0
Total Private Payrolls
+96.0 +148.0 +179.0 +90.0 +236.0 +182.0
Goods-producing Payrolls
+12.0 +15.0 +29.0 +8.0 +34.0 +12.0
Mining & logging
-5.0 -5.0 -1.0 +1.0 -3.0 +2.0
Construction
+14.0 +4.0 +18.0 +4.0 +33.0 +16.0
Manufacturing Payrolls
+3.2 +3.2 +3.4 +3.4 +3.4 +3.4
Durable goods
- +12.0 +11.0 +4.0 - -7.0
Motor vehicles and parts
+0.1 +7.2 -0.1 +2.8 -1.5 -6.3
Nondurable goods
+3.0 +4.0 +1.0 -1.0 +4.0 +1.0
Private service-providing Payrolls
+84.0 +133.0 +150.0 +82.0 +202.0 +170.0
Wholesale trade
+2.9 +6.7 -1.3 +7.1 +9.9 -2.0
Retail trade
-11.1 -3.6 -6.7 -7.6 -12.0 -11.7
Transportation and warehousing
-0.5 +0.3 +20.5 -0.2 +11.1 +7.3
Information
- -10.0 +14.0 -5.0 -1.0 +10.0
Financial activities
+15.0 +18.0 +3.0 +2.0 +12.0 +11.0
Professional and business services
+37.0 +38.0 +38.0 +33.0 +76.0 +37.0
Temporary help services
+15.4 +2.2 -0.9 +5.1 +17.9 -5.4
Education and health services
+32.0 +66.0 +57.0 +27.0 +62.0 +70.0
Health care and social assistance
+36.8 +50.4 +44.8 +24.0 +52.6 +61.2
Leisure and hospitality
+12.0 +10.0 +7.0 +26.0 +34.0 +33.0
Other services
- - - - - -
Government Payrolls
- - - - - -



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 ($) Aug. 2019

prel.
July 2019

prel.
June 2019

prel.
May 2019

prel.
April 2019

prel.
March 2019

prel.
Total private
966.98 959.71 959.76 957.35 955.29 955.65
Goods producing
1,176.85 1,166.60 1,170.39 1,164.27 1,160.64 1,161.54
Natural resources & mining
1,576.98 1,581.78 1,567.05 1,551.51 1,562.12 1,527.37
Construction
1,215.10 1,202.33 1,207.30 1,199.59 1,196.46 1,199.73
Manufacturing
1,129.90 1,119.08 1,126.17 1,119.34 1,118.03 1,114.37
Overtime hours
- - - - - -
Durable goods
1,204.23 1,398.24 1,194.74 1,271.95 1,143.13 1,003.52
Nondurable goods
1,006.14 1,000.44 1,004.80 998.30 999.69 994.55
Private serviceproviding
927.74 920.97 917.98 918.41 916.75 914.75
Trade, transportation & utilities
836.92 827.95 827.64 824.90 823.54 823.54
Wholesale trade
1,230.35 1,215.99 1,220.68 1,220.68 1,214.85 1,219.14
Retail trade
608.30 606.63 602.64 597.73 597.73 593.64
Transportation & warehousing
964.61 952.88 953.86 957.50 956.81 957.20
Utilities
1,778.26 1,745.55 1,780.25 1,761.46 1,752.26 1,761.43
 
Information
1,538.03 1,528.84 1,519.70 1,515.33 1,511.53 1,514.07
Financial activities
1,369.26 1,357.74 1,354.73 1,350.59 1,347.78 1,339.86
Professional & business services
1,228.39 1,214.04 1,213.79 1,213.15 1,209.08 1,209.52
Education & health services
910.14 905.41 903.43 906.84 908.49 908.60
Leisure & hospitality
430.46 428.02 428.90 427.35 427.70 427.78
Other services
797.23 795.00 793.73 792.46 794.63 794.56




Average weekly hours of production by Industry Aug. 2019

prel.
July 2019

prel.
June 2019

prel.
May 2019

prel.
April 2019

prel.
March 2019

prel.
Total private
34.40 34.30 34.40 34.40 34.40 34.50
Goods producing
40.40 40.20 40.40 40.30 40.30 40.50
Natural resources & mining
46.30 46.40 46.50 46.30 46.70 46.20
Construction
39.40 39.10 39.30 39.10 39.10 39.40
Manufacturing
40.60 40.40 40.70 40.60 40.70 40.70
Overtime hours
- - - - - -
Durable goods
41.10 48.00 41.00 43.80 39.50 34.70
Nondurable goods
39.80 39.70 40.00 39.90 40.10 40.20
Private serviceproviding
33.30 33.20 33.20 33.30 33.30 33.30
Trade, transportation & utilities
34.30 34.10 34.20 34.20 34.30 34.30
Wholesale trade
38.80 38.80 38.90 38.90 39.00 39.00
Retail trade
30.80 30.70 30.70 30.70 30.70 30.60
Transportation & warehousing
38.40 38.10 38.40 38.50 38.80 38.80
Utilities
42.40 41.90 42.60 42.10 41.90 42.20
 
Information
36.30 36.10 36.40 36.40 36.30 36.30
Financial activities
37.70 37.60 37.60 37.60 37.70 37.70
Professional & business services
36.30 36.10 36.20 36.30 36.20 36.30
Education & health services
33.00 32.90 32.90 33.00 33.00 33.10
Leisure & hospitality
25.90 25.80 25.90 25.90 26.00 26.10
Other services
31.80 31.80 31.80 31.80 31.90 32.00




Average hourly earnings ($) Aug. 2019

prel.
July 2019

prel.
June 2019

prel.
May 2019

prel.
April 2019

prel.
March 2019

prel.
Total private
28.11 27.98 27.90 27.83 27.77 27.70
Goods producing
29.13 29.02 28.97 28.89 28.80 28.68
Natural resources & mining
34.06 34.09 33.70 33.51 33.45 33.06
Construction
30.84 30.75 30.72 30.68 30.60 30.45
Manufacturing
27.83 27.70 27.67 27.57 27.47 27.38
Overtime hours
- - - - - -
Durable goods
29.30 29.13 29.14 29.04 28.94 28.92
Nondurable goods
25.28 25.20 25.12 25.02 24.93 24.74
Private serviceproviding
27.86 27.74 27.65 27.58 27.53 27.47
Trade, transportation & utilities
24.40 24.28 24.20 24.12 24.01 24.01
Wholesale trade
31.71 31.34 31.38 31.38 31.15 31.26
Retail trade
19.75 19.76 19.63 19.47 19.47 19.40
Transportation & warehousing
25.12 25.01 24.84 24.87 24.66 24.67
Utilities
41.94 41.66 41.79 41.84 41.82 41.74
 
Information
42.37 42.35 41.75 41.63 41.64 41.71
Financial activities
36.32 36.11 36.03 35.92 35.75 35.54
Professional & business services
33.84 33.63 33.53 33.42 33.40 33.32
Education & health services
27.58 27.52 27.46 27.48 27.53 27.45
Leisure & hospitality
16.62 16.59 16.56 16.50 16.45 16.39
Other services
25.07 25.00 24.96 24.92 24.91 24.83







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




     
       
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