Posted on 07/07/2017 5:32:58 AM PDT by Tennessean4Bush
Employment Situation Summary
Transmission of material in this release is embargoed until USDL-17-0934 8:30 a.m. (EDT) Friday, July 7, 2017
Technical information: Household data: (202) 691-6378 * cpsinfo@bls.gov * www.bls.gov/cps Establishment data: (202) 691-6555 * cesinfo@bls.gov * www.bls.gov/ces
Media contact: (202) 691-5902 * PressOffice@bls.gov
THE EMPLOYMENT SITUATION -- JUNE 2017
Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care, social assistance, financial activities, and mining.
Household Survey Data
In June, the unemployment rate, at 4.4 percent, and the number of unemployed persons, at 7.0 million, were little changed. Since January, the unemployment rate and the number of unemployed are down by 0.4 percentage point and 658,000, respectively. (See table A-1.)
Among the major worker groups, the unemployment rates for adult men (4.0 percent), adult women (4.0 percent), teenagers (13.3 percent), Whites (3.8 percent), Blacks (7.1 percent), Asians (3.6 percent), and Hispanics (4.8 percent) showed little or no change in June. (See tables A-1, A-2, and A-3.)
The number of long-term unemployed (those jobless for 27 weeks or more) was unchanged at 1.7 million in June and accounted for 24.3 percent of the unemployed. Over the year, the number of long-term unemployed was down by 322,000. (See table A-12.)
The labor force participation rate, at 62.8 percent, changed little in June and has shown no clear trend over the past year. The employment-population ratio (60.1 percent) was also little changed in June and has held fairly steady thus far this year. (See table A-1.)
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers), at 5.3 million, changed little in June. These individuals, who would have preferred full-time employment, 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 June, 1.6 million persons were marginally attached to the labor force, down by 197,000 from a year earlier. (The 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 514,000 discouraged workers in June, little different from a year earlier. Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.1 million persons marginally attached to the labor force in June had not searched for work for reasons such as school attendance or family responsibilities. (See table A-16.)
Establishment Survey Data
Total nonfarm payroll employment increased by 222,000 in June. Employment rose in health care, social assistance, financial activities, and mining. Employment growth has averaged 180,000 per month thus far this year, in line with the average monthly gain of 187,000 in 2016. (See table B-1.)
In June, health care added 37,000 jobs. Employment increased in ambulatory health care services (+26,000) and hospitals (+12,000). Health care has added an average of 24,000 jobs per month in the first half of 2017, compared with a monthly average of 32,000 jobs in 2016.
Social assistance employment increased by 23,000 in June. Within the industry, employment continued to trend up in individual and family services (+12,000) and in child day care services (+8,000). Social assistance has added 115,000 jobs over the last 12 months.
Employment in financial activities rose by 17,000 in June and has grown by 169,000 over the year. Securities, commodity contracts, and investments added 5,000 jobs over the month.
In June, mining employment grew by 8,000, with most of the growth in support activities for mining (+7,000). Since a recent employment low in October 2016, mining has added 56,000 jobs.
Employment in professional and business services continued to trend up in June (+35,000) and has grown by 624,000 over the last 12 months.
Employment in food services and drinking places also continued on an upward trend in June (+29,000). The industry has added 277,000 jobs over the year.
Employment in other major industries, including construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, and government, showed little change over the month.
The average workweek for all employees on private nonfarm payrolls rose by 0.1 hour to 34.5 hours in June. In manufacturing, the workweek edged up by 0.1 hour to 40.8 hours, while overtime was unchanged at 3.3 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls rose by 0.1 hour to 33.7 hours. (See tables B-2 and B-7.)
In June, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $26.25. Over the year, average hourly earnings have risen by 63 cents, or 2.5 percent. In June, average hourly earnings of private-sector production and nonsupervisory employees increased by 4 cents to $22.03. (See tables B-3 and B-8.)
The change in total nonfarm payroll employment for April was revised up from +174,000 to +207,000, and the change for May was revised up from +138,000 to +152,000. With these revisions, employment gains in April and May combined were 47,000 more than previously reported. Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors. Over the past 3 months, job gains have averaged 194,000 per month.
_____________ The Employment Situation for July is scheduled to be released on Friday, August 4, 2017, at 8:30 a.m. (EDT).
This, overall, is not a good report. And I wonder how much of that continues to be due to Obamacare.
I am sure it is due to that and the RINO Congress’ constant hemming and hawing over tax reform.
This, overall, is not a good report
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But it will play well and the media will attempt to minimize it. The jobs created is fully 30% higher than what was forecast, a plus, plus for Trump.
Good point! That, too. The uniparty is throttling the goose that lays the golden eggs!
This report isn’t a plus for anybody.
You must be fabulous at parties.
The grand majority can be laid at the feet of our subversive Congress. Business is still in a holding pattern awaiting the tax overhaul details in addition to the repeal of Obamacare. Both have the entire economy in shackles because of the uncertainty of where it is going. Whenever Larry Kudlow is a guest on talk shows he makes this a central point of his appearances.
He says as long as Congress drags its feet in a now obvious power play to diminish the President’s agenda while also protecting their little private domains of graft and payoffs for K-Street, the economy will just putter along with the still hoped for expectations.
can someone explain to me how, for June:
The labor force grew by 361,000 but payroll jobs were 222,000 ?
Good news for the most part based on labor’s methods of counting and reporting, methods that really are open to complete revamp.
I’m one of the many that has been stress in since the beginning to tackle tax reform first, not healthare. Damn That Paul Ryan and the Rinocrats agenda of putting HC first...they pushed this one off and if it is held up much longer it will won’t happen. Certainly 2018 is going to be wasted on panty waists running for the seats Even that /$$#@%$ 0bama got a “financial’ package (tarp, etc) before they tackled hc.
Disagree. My guess is over 90% of all Americans will not understand anything past the headline number. Worforce p0articipation and all the rest will sail right over their heads and any attempt by the liberal media to explain it will cause the eyes of the audience to glaze over immediately.
It’s not a problem because the people I hang with also have really good BS meters. :-)
FWIW, I’m an optimist. That said, my optimism doesn’t change the facts on the ground. This report sucks, and the trend is not our friend.
The employment-population ratio (60.1 percent) has held fairly steady thus far this year.
Replacing 224,000 part time jobs saying "Fries with that?" with 355,000 full time jobs is change I can believe in.
There's more. According to the A9 table, we gained 355,000 full time jobs, and lost 224,000 part time jobs. Replacing 224,000 part time jobs saying "Fries with that?" with 355,000 full time jobs is change I can believe in.Sounds optimistic.
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