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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 %.


 Employement situation (Picture Autor: Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954) 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)




     
       
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