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Economy gains 213,000 jobs, but the unemployment rate climbs to 4.0 %

U.S. Employment Report



The nonfarm payrolls grew 213,000 in June, as faster hiring puts more money in the hands of consumers, what usually leads to an increase in spending, as the nonfarm payrolls increase in public and private sectors.
Employment outside the farm sector grew by 213,000 workers in June and the jobless rate grew to 4.0 %, from 3.8 %, on the seasonally adjusted basis, reported by the Labor Department.

Companies in the private service providing sector hired 149,000 workers and payrolls in goods-producing industries rose by 53,000, bringing overall job growth in the pivate sector to 202,000. Nonfarm payrolls were strong accross the board in the June report, improvement in the private sector, was followed by the job growth in public sector, as the government hired 11,000 people.

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 0.07 % to 155,58 millions, the education and health services sectors employment rose by 54,000, the retail sector has lost -21,600 jobs.


At June 2018 Total number of unemployed persons grew to 6.56 millions, an increase of 499.00 thousands or 8.23 % from May 2018, Unemployment rate increased to 4.00 %, from 3.80% in previous month. In June 213,000 nonfarm payrolls were created.


Labor force
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Average hourly earnings grew modestly in June by 0.22 % to $26.98, an increase of $0.06 from $26.92 in May on the seasonally adjusted basis, the biggest increases occurred in leisure and hospitality sectors up to $15.97, the biggest decline was in financial sector to $34.58, reported by the Labor Department.
On a year-over-year basis, earnings were up 2.78 %, This is above the % year-over-year increase in the consumer price index in June.

The number of employed persons increased to 155.58 millions by 102.00 thousands or 0.07 % in June 2018.

Total Labor force increased to 162.14 millions.
Average weekly earnings where $930.81 dollars, in June 2018


Average Weekly Hours of Production


 Employement situation (Picture Autor: Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954) Details of the June report just added to evidence of a sharp deterioration in labor conditions. Unemployment soared by 8.23 % to 6.56 million, an increase of 499,000 from 6.07 in May on the seasonally adjusted basis.
The number of people entered the labor force in June matched the natural growth rate of U.S. poulation, lifting the percentage of civilians who have or want a job up to 62.90 % from 62.70 %.


Construction Industry fell to 39.30 hours per week, from May 2018; Manufacturing Industry rose to 40.90 hours per week, Durable goods Industry increased to 41.40 hours per week, Nondurable goods Industry fell to 40.10 hours per week.

Average Weekly Hours of Production for private serviceproviding industry rose to 33.40 hours per week, from May 2018; Trade, transportation & utilities Industry grew to 34.60 hours per week, from May 2018 .

Financial activities Industry Average Weekly Hours of Production moved up to 37.60 hours per week, from May 2018.
Average workweek remained unchanged in June on the seasonally adjusted basis, hours worked at the durable goods manufacturers grew at the highest pace to 41.40 hours, the biggest decline took place in construction sector down to 39.30 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 $930.81 from $928.74 in the previous month.

Information Industry Average Weekly Hours of Production fell to 35.90 hours per week, from May 2018; Professional & business services Industry remained unchanged from May 2018;
Education & health services Industry remained unchanged from May 2018; Leisure & hospitality Industry advanced to 26.20 hours per week, from May 2018; Other services Industry remained unchanged from May 2018.

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Employment Situation
( in millions or %)
June 2018

prel.
May 2018

prel.
April 2018

prel.
March 2018

prel.
Feb. 2018

prel.
Jan. 2018

prel.
Unemployment rate
4 % 3.8 % 3.9 % 4.1 % 4.1 % 4.1 %
Number of unemployed persons
6.564 6.065 6.346 6.585 6.706 6.684
Number of Employed persons
155.576 155.474 155.181 155.178 155.215 154.430
Employment/population ratio
60.4 % 60.4 % 60.3 % 60.4 % 60.4 % 60.1 %
Civilian labor force
162.140 161.539 161.527 161.763 161.921 161.115
Participation rate
62.9 % 62.7 % 62.8 % 62.9 % 63 % 62.7 %
Civilian noninstitutional population
257.642 257.454 257.272 257.097 256.934 256.780
Persons who currently want a job outside CLF
5.258 5.183 5.115 5.096 5.131 5.171
EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands)
June 2018
prel.
May 2018
prel.
April 2018
prel.
March 2018
prel.
Feb. 2018
prel.
Jan. 2018
prel.
Nonfarm Payrolls
+213.0 +223.0 +164.0 +103.0 +313.0 +200.0
Total Private Payrolls
+202.0 +218.0 +168.0 +102.0 +287.0 +196.0
Goods-producing Payrolls
+53.0 +47.0 +49.0 +15.0 +100.0 +57.0
Mining & logging
+4.0 +4.0 +8.0 +8.0 +8.0 +6.0
Construction
+13.0 +25.0 +17.0 -15.0 +61.0 +36.0
Manufacturing Payrolls
+3.5 +3.5 +3.7 +3.6 +3.6 +3.5
Durable goods
+32.0 +15.0 +18.0 +22.0 +32.0 +18.0
Motor vehicles and parts
+12.0 -4.4 -0.9 +3.3 +6.2 -0.3
Nondurable goods
+4.0 +3.0 +6.0 - -1.0 -3.0
Private service-providing Payrolls
+149.0 +171.0 +119.0 +87.0 +187.0 +139.0
Wholesale trade
+2.9 +4.2 -9.8 +11.4 +5.8 +9.8
Retail trade
-21.6 +31.1 +1.8 -4.4 +50.3 +15.4
Transportation and warehousing
+15.4 +18.7 +0.4 +9.8 +15.4 +11.1
Information
- +6.0 +7.0 +2.0 -12.0 -6.0
Financial activities
+8.0 +8.0 +2.0 +2.0 +28.0 +9.0
Professional and business services
+50.0 +31.0 +54.0 +33.0 +50.0 +23.0
Temporary help services
+9.3 -7.8 +10.3 -0.6 +26.5 +1.8
Education and health services
+54.0 +39.0 +31.0 +25.0 +23.0 +38.0
Health care and social assistance
+34.7 +31.7 +29.3 +33.8 +29.1 +25.8
Leisure and hospitality
+25.0 +21.0 +18.0 +5.0 +16.0 +35.0
Other services
+16.0 +13.0 +14.0 -1.0 +10.0 +6.0
Government Payrolls
+11.0 +5.0 -4.0 +1.0 +26.0 +4.0



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 ($) June 2018

prel.
May 2018

prel.
April 2018

prel.
March 2018

prel.
Feb. 2018

prel.
Jan. 2018

prel.
Total private
930.81 928.74 925.98 925.29 922.88 917.18
Goods producing
1,140.08 1,139.64 1,142.04 1,132.38 1,134.36 1,121.18
Natural resources & mining
1,514.04 1,500.09 1,483.82 1,501.44 1,485.78 1,462.22
Construction
1,167.60 1,174.14 1,170.39 1,153.66 1,158.17 1,143.87
Manufacturing
1,104.30 1,097.52 1,106.00 1,098.57 1,100.03 1,089.30
Overtime hours
- - - - - -
Durable goods
1,173.28 1,039.23 1,146.54 1,253.71 1,339.89 1,143.26
Nondurable goods
990.87 989.72 990.53 993.74 994.60 984.73
Private serviceproviding
891.78 887.11 884.12 884.12 881.45 878.80
Trade, transportation & utilities
803.76 801.78 796.70 797.64 795.57 790.02
Wholesale trade
1,194.11 1,189.81 1,176.34 1,178.97 1,185.12 1,178.19
Retail trade
579.70 579.70 575.67 576.58 572.55 563.35
Transportation & warehousing
943.71 940.41 943.71 942.35 940.60 937.59
Utilities
1,690.25 1,689.89 1,698.31 1,674.74 1,658.82 1,664.69
 
Information
1,421.64 1,418.40 1,416.93 1,410.43 1,418.40 1,390.16
Financial activities
1,300.21 1,303.88 1,285.92 1,297.20 1,290.81 1,278.02
Professional & business services
1,169.98 1,164.92 1,166.73 1,162.42 1,161.30 1,158.48
Education & health services
892.65 887.70 884.40 882.38 882.75 883.74
Leisure & hospitality
418.41 413.95 413.16 412.64 410.81 408.98
Other services
772.53 772.53 773.69 770.31 768.73 765.98




Average weekly hours of production by Industry June 2018

prel.
May 2018

prel.
April 2018

prel.
March 2018

prel.
Feb. 2018

prel.
Jan. 2018

prel.
Total private
34.50 34.50 34.50 34.50 34.50 34.30
Goods producing
40.50 40.60 40.70 40.50 40.60 40.20
Natural resources & mining
46.50 46.10 45.60 46.00 45.90 45.20
Construction
39.30 39.60 39.50 39.20 39.30 39.00
Manufacturing
40.90 40.80 41.10 40.90 41.00 40.60
Overtime hours
- - - - - -
Durable goods
41.40 36.80 40.60 44.60 47.70 40.70
Nondurable goods
40.10 40.20 40.20 40.20 40.30 39.90
Private serviceproviding
33.40 33.30 33.30 33.30 33.30 33.20
Trade, transportation & utilities
34.60 34.50 34.40 34.50 34.50 34.20
Wholesale trade
39.10 39.10 38.90 39.00 39.10 39.00
Retail trade
31.20 31.10 31.00 31.20 31.10 30.60
Transportation & warehousing
38.90 38.70 38.90 38.70 38.90 38.60
Utilities
41.90 42.10 42.10 41.90 41.90 41.90
 
Information
35.90 36.00 36.10 36.10 36.00 35.70
Financial activities
37.60 37.50 37.60 37.60 37.60 37.60
Professional & business services
36.20 36.20 36.20 36.10 36.20 36.00
Education & health services
33.00 33.00 33.00 32.90 33.00 33.00
Leisure & hospitality
26.20 26.10 26.10 26.10 26.10 26.00
Other services
31.70 31.70 31.80 31.70 31.70 31.60




Average hourly earnings ($) June 2018

prel.
May 2018

prel.
April 2018

prel.
March 2018

prel.
Feb. 2018

prel.
Jan. 2018

prel.
Total private
26.98 26.92 26.84 26.82 26.75 26.74
Goods producing
28.15 28.07 28.06 27.96 27.94 27.89
Natural resources & mining
32.56 32.54 32.54 32.64 32.37 32.35
Construction
29.71 29.65 29.63 29.43 29.47 29.33
Manufacturing
27.00 26.90 26.91 26.86 26.83 26.83
Overtime hours
- - - - - -
Durable goods
28.34 28.24 28.24 28.11 28.09 28.09
Nondurable goods
24.71 24.62 24.64 24.72 24.68 24.68
Private serviceproviding
26.70 26.64 26.55 26.55 26.47 26.47
Trade, transportation & utilities
23.23 23.24 23.16 23.12 23.06 23.10
Wholesale trade
30.54 30.43 30.24 30.23 30.31 30.21
Retail trade
18.58 18.64 18.57 18.48 18.41 18.41
Transportation & warehousing
24.26 24.30 24.26 24.35 24.18 24.29
Utilities
40.34 40.14 40.34 39.97 39.59 39.73
 
Information
39.60 39.40 39.25 39.07 39.40 38.94
Financial activities
34.58 34.77 34.20 34.50 34.33 33.99
Professional & business services
32.32 32.18 32.23 32.20 32.08 32.18
Education & health services
27.05 26.90 26.80 26.82 26.75 26.78
Leisure & hospitality
15.97 15.86 15.83 15.81 15.74 15.73
Other services
24.37 24.37 24.33 24.30 24.25 24.24







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


     
       
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