Showing posts with label employment. Show all posts
Showing posts with label employment. Show all posts
Tuesday, March 7, 2017
EMPLOYMENT SITUATION December 2009
EMPLOYMENT SITUATION December 2009
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The latest Employment Situation news release
(http://www.bls.gov/news.release/pdf/empsit.pdf)
was issued today by the Bureau of Labor Statistics. Highlights are below.
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Nonfarm payroll employment edged down (-85,000) in December, and the
unemployment rate was unchanged at 10.0 percent. Employment fell in
construction, manufacturing, and wholesale trade, while temporary help
services and health care added jobs.
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News releases archives:
http://www.bls.gov/schedule/archives/all_nr.htm
To subscribe or unsubscribe to BLS news releases
please visit http://www.bls.gov/bls/list.htm
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Available link for download
Monday, March 6, 2017
Employment Situation January 2012
Employment Situation January 2012
The latest Employment Situation news release has been posted on the BLS website at http://www.bls.gov/news.release/pdf/empsit.pdf and also archived at http://www.bls.gov/news.release/archives/empsit_02032012.pdf. Highlights are below.
Payroll employment rises 243,000 in January; unemployment rate decreases to 8.3%
02/03/2012
Nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent. Job growth was widespread, with large gains in professional and business services, leisure and hospitality, and manufacturing.
Available link for download
Monday, February 27, 2017
Employment for College Grads after the Recovery
Employment for College Grads after the Recovery
According to an Inside Higher Ed article on a new government report, “Four of five students who graduated college in 2008 were able to find some sort of employment in the four years after their graduation, despite entering the work force during the worst of the economic recession, a federal report shows.” This very positive reading of the report has to be put in context. First of all, the study is only looking at people who graduated from four-year institutions, not community colleges or for-profit schools. Second of all, out of the 82% who have jobs, 84% have full-time jobs, so that means that 31% of all of these recent grads with degrees from four-year institutions were either unemployed or worked half time or less. Moreover, 10% of the employed were actually back in school.
One important issue that the report fails to examine is whether these students with bachelor degrees are working at jobs that traditionally require these degrees. We know from general labor trends that over 25% of the people working now who have earned college degrees are working at jobs that used to only require a high school degree or less. The government web site does tells us that 22% of the sample were in jobs not related to their college major, 40% were in jobs closely related to their major, and 31% had employment in jobs somewhat related to their majors.
A major problem with the study is that it relies mostly on self-reporting and a 17,00 person sample that skews white and female. 73% of the respondents were white and 58 were female. Moreover, 73% had graduated before the age of 24. Also, 32% graduated from private universities, and so this sample does not look like most students who are now enrolled in higher education.
Within this rather selective group of graduates (remember less than 60% of the students at these institutions ever graduate), after four years, the median salary for a full-time worker was $46,000 and the median salary for a part-time employee was $20,000. So half of the 69% (34%) of the recent college grads with full-time jobs with bachelor degrees from this selective sample were making less than $46,000 a year, and another 16% were making less than $20,000.
The report also tells us that in four years after graduation, 39% had one job, 34% were on second job, and 28% have had three or more jobs. In other words, there is a high level of job movement, which resulted in the finding that the average student in this sample spent 10 months out of the labor force in four years. We are thus a far way from the opening claim that four out of five recent graduates had jobs. Like so much reporting on employment, general claims have to be analyzed at a much deeper level in order to get the real story. A more accurate summary of this report would say that out of the select group of students who graduated in 2007-8 from four-year institutions, 61% presently had full-time jobs with a median salary of $46,000, while the rest of these graduates were making a median salary of $20,000 or less. Of course, these stats do not include the vast majority of students who are either at community colleges or who will never graduate.
Available link for download
Friday, February 10, 2017
Employment Situation News Release
Employment Situation News Release
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The latest Employment Situation news release (http://www.bls.gov/news.release/pdf/empsit.pdf) was issued today by the Bureau of Labor Statistics. Highlights are below.
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Nonfarm payroll employment rose by 290,000 in April, the unemployment rate edged up to 9.9 percent, and the labor force increased sharply. Job gains occurred in manufacturing, professional and business services, health care, and leisure and
hospitality. Federal government employment also rose, reflecting continued hiring of temporary workers for Census 2010.
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News releases archives:
http://www.bls.gov/schedule/archives/all_nr.htm
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Available link for download
Thursday, February 9, 2017
Employment Situation December 2011
Employment Situation December 2011
The latest Employment Situation news release has been posted on the BLS website at http://www.bls.gov/news.release/pdf/empsit.pdf
and also archived at
http://www.bls.gov/news.release/archives/empsit_01062012.pdf.
Highlights are below.
Payroll employment rises 200,000 in December; jobless rate (8.5%) continues to trend down.
Nonfarm payroll employment rose by 200,000 in December, and the unemployment rate, at 8.5 percent, continued to trend down. Job gains occurred in transportation and warehousing, retail trade, manufacturing, health care, and mining.
Available link for download
Wednesday, January 25, 2017
EMPLOYMENT SITUATION July 2011
EMPLOYMENT SITUATION July 2011
THE EMPLOYMENT SITUATION -- JULY 2011
Total nonfarm payroll employment rose by 117,000 in July, and the unemployment rate was little changed at 9.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, retail trade, manufacturing, and mining. Government employment continued to trend down.
Household Survey Data
The number of unemployed persons (13.9 million) and the unemployment rate (9.1 percent) changed little in July. Since April, the unemployment rate has shown little definitive movement. The labor force, at 153.2 million, was little changed in July. (See table A-1.)
Among the major worker groups, the unemployment rates for adult men(9.0 percent), adult women (7.9 percent), teenagers (25.0 percent), whites (8.1 percent), blacks (15.9 percent), and Hispanics (11.3 percent) showed little or no change in July. The jobless rate for Asians was 7.7 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)
The number of persons unemployed for less than 5 weeks declined by 387,000 in July, mostly offsetting an increase in the prior month. The number of long-term unemployed (those jobless for 27 weeks and over), at 6.2 million, changed little over the month and accounted for 44.4 percent of the unemployed. (See table A-12.)
The civilian labor force participation rate edged down in July to 63.9 percent, and the employment-population ratio was little changed at 58.1 percent. (See table A-1.)
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was about unchanged in July at 8.4 million. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)
In July, 2.8 million persons were marginally attached to the labor force, little changed from a year earlier. (These data are not seasonally adjusted.) These individuals were not in the labor force, 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. (See table A-16.)
Among the marginally attached, there were 1.1 million discouraged workers in July, about the same as a year earlier. (These data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.7 million persons marginally attached to the labor force in July had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.)
Establishment Survey Data
Total nonfarm payroll employment increased by 117,000 in July, following little growth over the prior 2 months. Total private employment rose by 154,000 over the month, reflecting job gains in several major industries, including health care, retail trade, manufacturing, and mining. Government employment continued to decline. (See table B-1.)
Health care employment grew by 31,000 in July. Ambulatory health care services and hospitals each added 14,000 jobs over the month. Over the past 12 months, health care employment has grown by 299,000.
Retail trade added 26,000 jobs in July. Employment in health and personal care stores rose by 9,000 over the month with small increases distributed among several other retail industries. Employment in retail trade has increased by 228,000 since a recent low in December 2009.
Manufacturing employment increased in July (+24,000); nearly all of the increase was in durable goods manufacturing. Within durable goods, the motor vehicles and parts industry had fewer seasonal layoffs than typical for July, contributing to a seasonally adjusted employment increase of 12,000. Manufacturing has added 289,000 jobs since its most recent trough in December 2009, and durable goods manufacturing added 327,000 jobs during this period.
In July, employment in mining rose by 9,000; virtually all of the gain (+8,000) occurred in support activities for mining. Employment in mining has increased by 140,000 since a recent low in October 2009.
Employment in professional and technical services continued to trend up in July (+18,000). This industry has added 246,000 jobs since a recent low in March 2010. Employment in temporary help services changed little over the month and has shown little movement on net so far this year.
Elsewhere in the private sector, employment in construction, transportation and warehousing, information, financial activities, and leisure and hospitality changed little over the month.
Government employment continued to trend down over the month
(-37,000). Employment in state government decreased by 23,000, almost entirely due to a partial shutdown of the Minnesota state government. Employment in local government continued to wane over the month.
The average workweek for all employees on private nonfarm payrolls was unchanged over the month at 34.3 hours. The manufacturing workweek and factory overtime for all employees also were unchanged at 40.3 hours and 3.1 hours, respectively. In July, the average workweek for production and nonsupervisory employees on private nonfarm payrolls was 33.6 hours for the sixth consecutive month. (See tables B-2 and B-7.)
In July, average hourly earnings for all employees on private nonfarm payrolls increased by 10 cents, or 0.4 percent, to $23.13. Over the past 12 months, average hourly earnings have increased by 2.3 percent. In July, average hourly earnings of private-sector production and nonsupervisory employees increased by 8 cents, or 0.4 percent, to $19.52. (See tables B-3 and B-8.)
The change in total nonfarm payroll employment for May was revised from +25,000 to +53,000, and the change for June was revised from +18,000 to +46,000.
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The Employment Situation for August is scheduled to be released on Friday, September 2, 2011, at 8:30 a.m. (EDT).
Available link for download
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