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Economy gains 157,000 jobs, unemployment rate 3.9 %

U.S. Employment Report



The nonfarm payrolls grew 157,000 in July, as faster hiring puts more money in the hands of consumers, what usually leads to an increase in spending, as private sector decreased the pace of hiring and the government continued to trimm jobs.
In July economy added 157,000 jobs on the seasonally adjusted basis and the jobless rate fell to 3.9 %, from 4.0 %, reported by the Labor Department.

Companies in the private service providing sector hired 118,000 workers and payrolls in goods-producing industries rose by 52,000, bringing overall job growth in the pivate sector to 170,000. One of the weak spots in the July report, was the public sector, as the government employers announced -13,000 layoffs.

As the year goes on, companies have been hiring at a faster clip as Americans increase spending and consumer confidence rises, economists have seen a steady improvement in the jobs market and recruiting activity.
Current report confirms positive trends in the nonfarm payrolls. Total number of employed persons in the U.S. rose by 0.25 % to 155,97 millions, as professional and business services sectors created 51,000 new jobs.


At July 2018 Total number of unemployed persons deacreased to 6.28 millions, a deacrease of 284.00 thousands or -4.33 % from June 2018, Unemployment rate decreased to 3.90 %, from 4.00% in previous month. In July 157,000 nonfarm payrolls were created.


Labor force
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Average workweek remained unchanged in July on the seasonally adjusted basis, hours worked at the durable goods manufacturers grew at the highest pace to 47.30 hours, the biggest decline was in natural resources and mining to 46.10 hours, reported by the U.S. Labor Department.
With modest growth in hourly earnings and unchanged in hours worked, average weekly earnings increased in the private sector to $933.23 from $930.81 in the previous month.

The number of employed persons increased to 155.97 millions by 389.00 thousands or 0.25 % in July 2018.

Total Labor force increased to 162.25 millions.
Average weekly earnings where $933.23 dollars, in July 2018


Average Weekly Hours of Production
The decline in the unemployment rate, which is based on a separate household survey, seemed solid. Unemployment faded to 6.28 million, a decrease by -284,000 from 6.56 million in June by -4.33 % on the seasonally adjusted basis.
The labor force increased by 105,000 in July, the labor force participation rate has held steady at 62.90 %.


 Employement situation (Picture Autor: Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954) Average hourly earnings grew modestly in July by 0.26 % to $27.05, an increase of $0.07 from $26.98 in June on the seasonally adjusted basis, the hourly wages in utilities grew at the highest pace to $40.73, the hourly wages in wholesale trade sector fell the most to $30.33, reported by the Labor Department.
On a year-over-year basis, earnings were up 2.62 %, This is above the % year-over-year increase in the consumer price index in July.

Construction Industry grew to 39.40 hours per week, from June 2018; Manufacturing Industry remained unchanged Durable goods Industry increased to 47.30 hours per week, Nondurable goods Industry advanced to 40.20 hours per week.

Average Weekly Hours of Production for private serviceproviding industry fell to 33.30 hours per week, from June 2018; Trade, transportation & utilities Industry fell to 34.50 hours per week, from June 2018 .

Financial activities Industry Average Weekly Hours of Production remained unchanged from June 2018.


Information Industry Average Weekly Hours of Production went up to 36.00 hours per week, from June 2018; Professional & business services Industry remained unchanged from June 2018;
Education & health services Industry fell to 32.90 hours per week, from June 2018; Leisure & hospitality Industry fell to 26.10 hours per week, from June 2018; Other services Industry remained unchanged from June 2018.

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Employment Situation
( in millions or %)
July 2018

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June 2018

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May 2018

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April 2018

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March 2018

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Feb. 2018

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Unemployment rate
3.9 % 4 % 3.8 % 3.9 % 4.1 % 4.1 %
Number of unemployed persons
6.280 6.564 6.065 6.346 6.585 6.706
Number of Employed persons
155.965 155.576 155.474 155.181 155.178 155.215
Employment/population ratio
60.5 % 60.4 % 60.4 % 60.3 % 60.4 % 60.4 %
Civilian labor force
162.245 162.140 161.539 161.527 161.763 161.921
Participation rate
62.9 % 62.9 % 62.7 % 62.8 % 62.9 % 63 %
Civilian noninstitutional population
257.843 257.642 257.454 257.272 257.097 256.934
Persons who currently want a job outside CLF
5.163 5.258 5.183 5.115 5.096 5.131
EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands)
July 2018
prel.
June 2018
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May 2018
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April 2018
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March 2018
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Feb. 2018
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Nonfarm Payrolls
+157.0 +213.0 +223.0 +164.0 +103.0 +313.0
Total Private Payrolls
+170.0 +202.0 +218.0 +168.0 +102.0 +287.0
Goods-producing Payrolls
+52.0 +53.0 +47.0 +49.0 +15.0 +100.0
Mining & logging
-4.0 +4.0 +4.0 +8.0 +8.0 +8.0
Construction
+19.0 +13.0 +25.0 +17.0 -15.0 +61.0
Manufacturing Payrolls
+3.5 +3.5 +3.5 +3.7 +3.6 +3.6
Durable goods
+32.0 +32.0 +15.0 +18.0 +22.0 +32.0
Motor vehicles and parts
+5.9 +12.0 -4.4 -0.9 +3.3 +6.2
Nondurable goods
+5.0 +4.0 +3.0 +6.0 - -1.0
Private service-providing Payrolls
+118.0 +149.0 +171.0 +119.0 +87.0 +187.0
Wholesale trade
+12.3 +2.9 +4.2 -9.8 +11.4 +5.8
Retail trade
+7.1 -21.6 +31.1 +1.8 -4.4 +50.3
Transportation and warehousing
-1.3 +15.4 +18.7 +0.4 +9.8 +15.4
Information
- - +6.0 +7.0 +2.0 -12.0
Financial activities
-5.0 +8.0 +8.0 +2.0 +2.0 +28.0
Professional and business services
+51.0 +50.0 +31.0 +54.0 +33.0 +50.0
Temporary help services
+27.9 +9.3 -7.8 +10.3 -0.6 +26.5
Education and health services
+22.0 +54.0 +39.0 +31.0 +25.0 +23.0
Health care and social assistance
+33.5 +34.7 +31.7 +29.3 +33.8 +29.1
Leisure and hospitality
+40.0 +25.0 +21.0 +18.0 +5.0 +16.0
Other services
-5.0 +16.0 +13.0 +14.0 -1.0 +10.0
Government Payrolls
-13.0 +11.0 +5.0 -4.0 +1.0 +26.0



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 ($) July 2018

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June 2018

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May 2018

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April 2018

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March 2018

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Feb. 2018

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Total private
933.23 930.81 928.74 925.98 925.29 922.88
Goods producing
1,144.92 1,140.08 1,139.64 1,142.04 1,132.38 1,134.36
Natural resources & mining
1,495.48 1,514.04 1,500.09 1,483.82 1,501.44 1,485.78
Construction
1,176.48 1,167.60 1,174.14 1,170.39 1,153.66 1,158.17
Manufacturing
1,104.71 1,104.30 1,097.52 1,106.00 1,098.57 1,100.03
Overtime hours
- - - - - -
Durable goods
1,341.90 1,173.28 1,039.23 1,146.54 1,253.71 1,339.89
Nondurable goods
992.14 990.87 989.72 990.53 993.74 994.60
Private serviceproviding
891.44 891.78 887.11 884.12 884.12 881.45
Trade, transportation & utilities
802.82 803.76 801.78 796.70 797.64 795.57
Wholesale trade
1,182.87 1,194.11 1,189.81 1,176.34 1,178.97 1,185.12
Retail trade
581.57 579.70 579.70 575.67 576.58 572.55
Transportation & warehousing
949.26 943.71 940.41 943.71 942.35 940.60
Utilities
1,698.44 1,690.25 1,689.89 1,698.31 1,674.74 1,658.82
 
Information
1,418.04 1,421.64 1,418.40 1,416.93 1,410.43 1,418.40
Financial activities
1,310.36 1,300.21 1,303.88 1,285.92 1,297.20 1,290.81
Professional & business services
1,175.78 1,169.98 1,164.92 1,166.73 1,162.42 1,161.30
Education & health services
889.62 892.65 887.70 884.40 882.38 882.75
Leisure & hospitality
417.34 418.41 413.95 413.16 412.64 410.81
Other services
773.16 772.53 772.53 773.69 770.31 768.73




Average weekly hours of production by Industry July 2018

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June 2018

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May 2018

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April 2018

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March 2018

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Feb. 2018

prel.
Total private
34.50 34.50 34.50 34.50 34.50 34.50
Goods producing
40.60 40.50 40.60 40.70 40.50 40.60
Natural resources & mining
46.10 46.50 46.10 45.60 46.00 45.90
Construction
39.40 39.30 39.60 39.50 39.20 39.30
Manufacturing
40.90 40.90 40.80 41.10 40.90 41.00
Overtime hours
- - - - - -
Durable goods
47.30 41.40 36.80 40.60 44.60 47.70
Nondurable goods
40.20 40.10 40.20 40.20 40.20 40.30
Private serviceproviding
33.30 33.40 33.30 33.30 33.30 33.30
Trade, transportation & utilities
34.50 34.60 34.50 34.40 34.50 34.50
Wholesale trade
39.00 39.10 39.10 38.90 39.00 39.10
Retail trade
31.10 31.20 31.10 31.00 31.20 31.10
Transportation & warehousing
39.00 38.90 38.70 38.90 38.70 38.90
Utilities
41.70 41.90 42.10 42.10 41.90 41.90
 
Information
36.00 35.90 36.00 36.10 36.10 36.00
Financial activities
37.60 37.60 37.50 37.60 37.60 37.60
Professional & business services
36.20 36.20 36.20 36.20 36.10 36.20
Education & health services
32.90 33.00 33.00 33.00 32.90 33.00
Leisure & hospitality
26.10 26.20 26.10 26.10 26.10 26.10
Other services
31.70 31.70 31.70 31.80 31.70 31.70




Average hourly earnings ($) July 2018

prel.
June 2018

prel.
May 2018

prel.
April 2018

prel.
March 2018

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Feb. 2018

prel.
Total private
27.05 26.98 26.92 26.84 26.82 26.75
Goods producing
28.20 28.15 28.07 28.06 27.96 27.94
Natural resources & mining
32.44 32.56 32.54 32.54 32.64 32.37
Construction
29.86 29.71 29.65 29.63 29.43 29.47
Manufacturing
27.01 27.00 26.90 26.91 26.86 26.83
Overtime hours
- - - - - -
Durable goods
28.37 28.34 28.24 28.24 28.11 28.09
Nondurable goods
24.68 24.71 24.62 24.64 24.72 24.68
Private serviceproviding
26.77 26.70 26.64 26.55 26.55 26.47
Trade, transportation & utilities
23.27 23.23 23.24 23.16 23.12 23.06
Wholesale trade
30.33 30.54 30.43 30.24 30.23 30.31
Retail trade
18.70 18.58 18.64 18.57 18.48 18.41
Transportation & warehousing
24.34 24.26 24.30 24.26 24.35 24.18
Utilities
40.73 40.34 40.14 40.34 39.97 39.59
 
Information
39.39 39.60 39.40 39.25 39.07 39.40
Financial activities
34.85 34.58 34.77 34.20 34.50 34.33
Professional & business services
32.48 32.32 32.18 32.23 32.20 32.08
Education & health services
27.04 27.05 26.90 26.80 26.82 26.75
Leisure & hospitality
15.99 15.97 15.86 15.83 15.81 15.74
Other services
24.39 24.37 24.37 24.33 24.30 24.25







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


     
       
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