{"id":44154,"date":"2017-09-01T09:32:06","date_gmt":"2017-09-01T16:32:06","guid":{"rendered":"http:\/\/69.46.6.243\/?p=44154"},"modified":"2017-09-01T09:41:48","modified_gmt":"2017-09-01T16:41:48","slug":"the-employment-situation-for-august-2017-156000-jobs-created-in-august","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=44154","title":{"rendered":"The Employment Situation for August, 2017 156,000 Jobs Created in August"},"content":{"rendered":"

Washington, DC…Total nonfarm payroll employment increased by 156,000 in August, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in manufacturing, construction, professional and technical services, health care, and mining. Household Survey Data. In August, the unemployment rate, at 4.4 percent, and the number of unemployed persons, at 7.1 million, were little changed. After declining earlier in the year, the unemployment rate has been either 4.3 or 4.4 percent since April. (See table A-1.)<\/p>\n

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Among the major worker groups, the unemployment rates for adult men (4.1 percent),
\nadult women (4.0 percent), teenagers (13.6 percent), Whites (3.9 percent), Blacks
\n(7.7 percent), Asians (4.0 percent), and Hispanics (5.2 percent) showed little or no
\nchange in August. (See tables A-1, A-2, and A-3.)<\/p>\n

The number of long-term unemployed (those jobless for 27 weeks or more) was essentially
\nunchanged in August at 1.7 million and accounted for 24.7 percent of the unemployed.
\n(See table A-12.)<\/p>\n

The labor force participation rate, at 62.9 percent, was unchanged in August and has
\nshown little movement on net over the past year. The employment-population ratio,
\nat 60.1 percent, was little changed over the month and thus far this year. (See
\ntable A-1.)<\/p>\n

The number of persons employed part time for economic reasons (sometimes referred to as
\ninvoluntary part-time workers) was essentially unchanged at 5.3 million in August and
\nhas shown little movement in recent months. These individuals, who would have preferred
\nfull-time employment, were working part time because their hours had been cut back or
\nbecause they were unable to find a full-time job. (See table A-8.)<\/p>\n

In August, 1.5 million persons were marginally attached to the labor force, about the
\nsame as a year earlier. (These data are not seasonally adjusted.) These individuals were
\nnot in the labor force, wanted and were available for work, and had looked for a job
\nsometime in the prior 12 months. They were not counted as unemployed because they had
\nnot searched for work in the 4 weeks preceding the survey. (See table A-16.)<\/p>\n

Among the marginally attached, there were 448,000 discouraged workers in August, down
\n128,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers
\nare persons not currently looking for work because they believe no jobs are available
\nfor them. The remaining 1.1 million persons marginally attached to the labor force in
\nAugust had not searched for work for reasons such as school attendance or family
\nresponsibilities. (See table A-16.)<\/p>\n

Establishment Survey Data<\/p>\n

Total nonfarm payroll employment increased by 156,000 in August. Job gains occurred in
\nmanufacturing, construction, professional and technical services, health care, and
\nmining. Employment growth has averaged 176,000 per month thus far this year, about in
\nline with the average monthly gain of 187,000 in 2016. (See table B-1.)<\/p>\n

Manufacturing employment rose by 36,000 in August. Job gains occurred in motor vehicles
\nand parts (+14,000), fabricated metal products (+5,000), and computer and electronic
\nproducts (+4,000). Manufacturing has added 155,000 jobs since a recent employment low
\nin November 2016.<\/p>\n

In August, construction employment rose by 28,000, after showing little change over
\nthe prior 5 months. Employment among residential specialty trade contractors edged up
\nby 12,000 over the month.<\/p>\n

Employment in professional and technical services continued to trend up in August
\n(+22,000) and has grown by 262,000 over the last 12 months. In August, job gains
\noccurred in computer systems design and related services (+8,000).<\/p>\n

Health care employment continued on an upward trend over the month (+20,000) and has
\nrisen by 328,000 over the year. Employment in hospitals edged up over the month
\n(+6,000).<\/p>\n

Mining continued to add jobs in August (+7,000), with all of the growth in support
\nactivities for mining. Since a recent low in October 2016, employment in mining has
\nrisen by 62,000, or 10 percent.<\/p>\n

Employment in food services and drinking places changed little in August (+9,000),
\nfollowing an increase of 53,000 in July. Over the year, the industry has added
\n283,000 jobs.<\/p>\n

Employment in other major industries, including wholesale trade, retail trade,
\ntransportation and warehousing, information, financial activities, and government,
\nshowed little change over the month.<\/p>\n

The average workweek for all employees on private nonfarm payrolls declined by 0.1
\nhour to 34.4 hours in August. In manufacturing, the workweek declined by 0.2 hour to
\n40.7 hours, while overtime was unchanged at 3.3 hours. The average workweek for
\nproduction and nonsupervisory employees on private nonfarm payrolls was 33.7 hours
\nfor the fifth consecutive month. (See tables B-2 and B-7.)<\/p>\n

In August, average hourly earnings for all employees on private nonfarm payrolls rose
\nby 3 cents to $26.39, after rising by 9 cents in July. Over the past 12 months, average
\nhourly earnings have increased by 65 cents, or 2.5 percent. In August, average hourly
\nearnings of private-sector production and nonsupervisory employees increased by 4 cents
\nto $22.12. (See tables B-3 and B-8.)<\/p>\n

The change in total nonfarm payroll employment for June was revised down from +231,000
\nto +210,000, and the change for July was revised down from +209,000 to +189,000. With
\nthese revisions, employment gains in June and July combined were 41,000 less than
\npreviously reported. (Monthly revisions result from additional reports received from
\nbusinesses and government agencies since the last published estimates and from the
\nrecalculation of seasonal factors.) After revisions, job gains have averaged 185,000
\nper month over the past 3 months.<\/p>\n

_____________
\nThe Employment Situation for September is scheduled to be released on Friday,
\nOctober 6, 2017, at 8:30 a.m. (EDT).<\/p>\n

___________________________________________________________________________________
\n | |
\n | 2017 CES Preliminary Benchmark Revision will be released on September 6, 2017 |
\n | |
\n |Each year, the Current Employment Statistics (CES) survey estimates are benchmarked|
\n |to comprehensive counts of employment from the Quarterly Census of Employment and |
\n |Wages (QCEW) for the month of March. These counts are derived from state unemploy- |
\n |ment insurance (UI) tax records that nearly all employers are required to file. On |
\n |September 6, 2017, at 10:00 a.m. (EDT), the Bureau of Labor Statistics (BLS) will |
\n |release the preliminary estimate of the upcoming annual benchmark revision to the |
\n |establishment survey employment series. This is the same day the first-quarter |
\n |2017 data from QCEW will be issued. Preliminary benchmark revisions for all major |
\n |industry sectors, as well as total nonfarm and total private levels, will be |
\n |available on the BLS website at www.bls.gov\/web\/empsit\/cesprelbmk.htm. |
\n | |
\n |The final benchmark revision will be issued with the publication of the January |
\n |2018 Employment Situation news release in February 2018. |
\n |___________________________________________________________________________________|<\/p>\n