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.
	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)

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)

Tweet
Economy Advance Monthly Sales Consumer Price Index CPI Producer Price Index PPI Retail Inventories Personal Income Gross Domestic Product GDP Money Supply Industrial Production Productivity Employment Situation US International Trade Factory Orders Durable Goods Construction Spending Housing Starts Vehicle Unit Sales	Stocks Event Calendar ORNC's Profile Stock Price ORNC's Financials ORNC's Segments ORNC's Growth Rates Business Description Fundamentals Charts & Quotes ORNC's News ORNC's Suppliers ORNC's Competitors Customers & Markets Economic Indicators ORNC's ROA	Screening Performance Growth Rates Profitability Valuation Dividend Financial Strength Efficiency Expectations Management Effectivness	Glossary Financial Terms Technical Analysis Fundamental Analysis Energy Terms Manufacturing Terms Transportation Terms Health Care Insurance Terms Economy Terms Hotel & Leisure Terms

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. Free Stock Market News Feeds

Copyright © 2019 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

To view Intraday Stock Data Java must be installed. Java content may be prohibited by the security software, to see the stock quotes, choose "allow content from this page" option. Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
CSIMarket.com 1500 N. University Drive, Coral Springs, FL 33071