November U.S. Employment Situation
Overall unemployment changed little; transitional economy shown in construction and manufacturing.
The employment statistics provide a look at the way America is allocating its resources. A closer look at the statistics will provide support to the notion that the economy is in a transitiion. Overall employment did not change yet manufacturing and construction declined slightly. This slight change has been relatively consistent for the last 25 years.
Since 1980, the U.S. has lost over 5 million jobs in Manufacturing, but gained more than 3 million in Construction. The shift of jobs into the construction sector indicates several conditions:
- The U.S. is updating its infrasturcture in repsonse to global pressures
- Population growth has placed high demand on housing
- Relative costs of raw materials have decreased
- Consistent gains in productivity which displaces blue collar workers
Time will show how these reallocations affect life in the U.S.
Download the Excel sheets: Manufacturing and Construction graphs
THE EMPLOYMENT SITUATION: NOVEMBER 2006
Download the November 2006 Employment Release here
Nonfarm payroll employment rose by 132,000 in November, and the unemployment rate was essentially unchanged at 4.5 percent, the Bureau of Labor Statistics
of the U.S. Department of Labor reported today. Job gains continued in several service-providing industries, including professional and business services, food services, and health care. Employment declined in construction and manufacturing.
Unemployment (Household Survey Data)
Both the number of unemployed persons (6.8 million) and the unemployment rate (4.5 percent) were about unchanged in November. Over the year, these measures have declined from 7.6 million and 5.0 percent, respectively.
In November, unemployment rates for all major worker groups--adult men (3.9
percent), adult women (4.0 percent), teenagers (15.1 percent), whites (3.9 per- cent), blacks (8.6 percent), and Hispanics (4.9 percent)--showed little or no
change over the month. The unemployment rate for Asians was 3.2 percent, not
seasonally adjusted. (See tables A-1, A-2, and A-3.)
Total Employment and the Labor Force (Household Survey Data)
In November, total employment, at 145.6 million, was essentially unchanged, and the employment-population ratio remained at 63.3 percent. The civilian labor force rose by 383,000 to 152.4 million; the labor force participation rate, at 66.3 percent, was about the same as in October. (See table A-1.)
Persons Not in the Labor Force (Household Survey Data)
About 1.4 million persons (not seasonally adjusted) were marginally attached to the labor force in November, about unchanged from a year earlier. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. Among the marginally attached, there were 349,000 discouraged workers in November, little changed from a year earlier. Discouraged workers were not currently looking for work specifically because they believed no jobs were available for them. The other 1.0 million marginally attached had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-13.)
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Table A. Major indicators of labor market activity, seasonally adjusted (Numbers in thousands) ___________________________________________________________________________________
| Quarterly | |
| averages | Monthly data |
|__________________|____________________________| October-
Category | 2006 | 2006 | November
|__________________|____________________________| change
| II | III | Sept. | Oct. | Nov. |
________________________|________|_________|_________|________|_________|_________
|
HOUSEHOLD DATA | Labor force status
|_________________________________________________________
Civilian labor force.....| 151,041| 151,677| 151,799| 151,998| 152,381| 383
Employment.............| 144,009| 144,586| 144,850| 145,287| 145,564| 277
Unemployment...........| 7,032| 7,091| 6,949| 6,711| 6,817| 106
Not in labor force.......| 77,392| 77,490| 77,621| 77,677| 77,524| -153
|________|_________|________|_________|_________|_________
| Unemployment rates
|_________________________________________________________
All workers..............| 4.7| 4.7| 4.6| 4.4| 4.5| 0.1
Adult men..............| 4.1| 4.0| 3.8| 3.8| 3.9| .1
Adult women............| 4.2| 4.2| 4.2| 3.9| 4.0| .1
Teenagers..............| 14.7| 16.1| 16.4| 15.4| 15.1| -.3
White..................| 4.1| 4.1| 4.0| 3.9| 3.9| .0
Black or African | | | | | |
American.............| 9.1| 9.2| 9.2| 8.6| 8.6| .0
Hispanic or Latino | | | | | |
ethnicity............| 5.2| 5.3| 5.4| 4.7| 4.9| .2
|________|_________|________|_________|_________|_________
ESTABLISHMENT DATA | Employment
|_________________________________________________________
Nonfarm employment.......| 135,128| 135,595| 135,807|p 135,886|p 136,018| p 132
Goods-producing (1)....| 22,420| 22,422| 22,419| p 22,357| p 22,317| p -40
Construction.........| 7,502| 7,509| 7,511| p 7,487| p 7,458| p -29
Manufacturing........| 14,246| 14,230| 14,223| p 14,179| p 14,164| p -15
Service-providing (1)..| 112,708| 113,173| 113,388|p 113,529|p 113,701| p 172
Retail trade (2).....| 15,236| 15,214| 15,207| p 15,209| p 15,230| p 20
Professional and | | | | | |
business services..| 17,269| 17,394| 17,415| p 17,444| p 17,487| p 43
Education and health | | | | | |
services...........| 17,677| 17,801| 17,863| p 17,886| p 17,927| p 41
Leisure and | | | | | |
hospitality........| 13,009| 13,097| 13,129| p 13,174| p 13,205| p 31
Government...........| 21,931| 22,022| 22,076| p 22,104| p 22,122| p 18
|________|_________|________|_________|_________|_________
| Hours of work (3)
|_________________________________________________________
Total private............| 33.9| 33.8| 33.8| p 33.9| p 33.9| p 0.0
Manufacturing..........| 41.2| 41.3| 41.1| p 41.2| p 41.1| p -.1
Overtime.............| 4.6| 4.4| 4.3| p 4.3| p 4.2| p -.1
|________|_________|________|_________|_________|_________
| Indexes of aggregate weekly hours (2002=100)(3)
|_________________________________________________________
Total private............| 104.9| 105.2| 105.2| p 105.5| p 105.6| p 0.1
|________|_________|________|_________|_________|_________
| Earnings (3)
| ________________________________________________________
Avg. hourly earnings, | | | | | |
total private..........| $16.64| $16.81| $16.85| p $16.91| p $16.94|p $0.03
Avg. weekly earnings, | | | | | |
total private..........| 563.54| 568.62| 569.53| p 573.25| p 574.27| p 1.02
_________________________|________|_________|________|_________|_________|_________
1 Includes other industries, not shown separately.
2 Quarterly averages and the over-the-month change are calculated using unrounded data.
3 Data relate to private production or nonsupervisory workers.
p = preliminary.
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Industry Payroll Employment (Establishment Survey Data)
Total nonfarm payroll employment rose by 132,000 in November to 136.0 mil- lion. This followed increases of 203,000 in September and 79,000 in October (as revised). Thus far this year, payroll employment has grown by an average
of 149,000 per month. In November, employment rose in several service-provid- ing industries and in mining; employment declined in construction and continued
to trend downward in manufacturing. (See table B-1.)
Professional and business services employment increased by 43,000 in November and has risen by 426,000 over the year. Job growth has occurred in a number of industries, including architectural and engineering services, management con- sulting, and computer systems design. Employment in temporary help services was flat over the month and has changed little since January.
Health care employment rose by 28,000 in November. Hospitals and doctors' offices each added 6,000 jobs. Over the year, health care employment has increased by 309,000.
In leisure and hospitality, employment growth continued in food services and drinking places. This industry added 34,000 jobs in November, raising total job gains over the last 12 months to 295,000.
Employment in wholesale trade continued to trend up in November. Employment in this industry has risen by 288,000 since its most recent low in August 2003. Within retail trade, employment grew over the month in clothing and accessory stores; health and personal care stores; sporting goods, hobby, book, and music stores; and nonstore retailers (which include catalog and internet retailers). General merchandise stores continued to lose jobs (-12,000 after seasonal ad- justment); since August 2005, employment in this industry has decreased by 107,000.
In the goods-producing sector, mining employment grew by 4,000 in November with gains in support activities for oil and gas. Employment in mining has grown by 136,000 since its most recent low in April 2003.
Construction employment declined by 29,000 in November, following a loss of similar size in October. The November decline was spread across all component industries. Since peaking in February of this year, employment in residential specialty trades was down by 109,000. Employment in nonresidential specialty trades edged down in November, after trending up during the first 10 months of the year.
Manufacturing employment continued to trend down (-15,000) in November. Motor vehicles and parts lost 7,000 jobs. Employment continued to fall in
two construction-related industries: wood products (-6,000) and furniture
and related products (-5,000). Computer and electronic products manufacturing
added 5,000 jobs over the month.
Weekly Hours (Establishment Survey Data)
The average workweek for production and nonsupervisory workers on private nonfarm payrolls was unchanged at 33.9 hours in November. The manufacturing workweek and factory overtime both fell by 0.1 hour to 41.1 and 4.2 hours, respectively. (See table B-2.)
The index of aggregate weekly hours of production and nonsupervisory workers on private nonfarm payrolls increased by 0.1 percent in November to 105.6 (2002=100). The manufacturing index fell by 0.4 percent to 95.5. (See table
B-5.)
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Hourly and Weekly Earnings (Establishment Survey Data)
Average hourly earnings of production and nonsupervisory workers on private nonfarm payrolls rose by 3 cents, or 0.2 percent, in November to $16.94. Average
weekly earnings also rose by 0.2 percent in November to $574.27. Over the year,
average hourly earnings increased by 4.1 percent, and average weekly earnings
increased by 4.4 percent. (See table B-3.)
______________________________
The Employment Situation for December 2006 is scheduled to be released on Friday, January 5, 2007, at 8:30 A.M. (EST). Release dates for the balance of 2007 are as follows:
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