Posted on 08/04/2017 5:32:41 AM PDT by Tennessean4Bush
Employment Situation Summary
Transmission of material in this release is embargoed until USDL-17-1070 8:30 a.m. (EDT) Friday, August 4, 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 -- JULY 2017
Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate was little changed at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, professional and business services, and health care.
Household Survey Data
Both the unemployment rate, at 4.3 percent, and the number of unemployed persons, at 7.0 million, changed little in July. After declining earlier in the year, the unemployment rate has shown little movement in recent months. (See table A-1.)
Among the major worker groups, the unemployment rates for adult men (4.0 percent), adult women (4.0 percent), teenagers (13.2 percent), Whites (3.8 percent), Blacks (7.4 percent), Asians (3.8 percent), and Hispanics (5.1 percent) showed little or no change in July. (See tables A-1, A-2, and A-3.)
Among the unemployed, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.8 million in July and accounted for 25.9 percent of the unemployed. (See table A-12.)
The labor force participation rate, at 62.9 percent, changed little in July and has shown little movement on net over the past year. The employment-population ratio (60.2 percent) was also little changed in July but is up by 0.4 percentage point over the 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, was essentially unchanged in July. 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 July, 1.6 million persons were marginally attached to the labor force, down by 321,000 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 536,000 discouraged workers in July, essentially unchanged over the year. 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 July 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 209,000 in July. Job gains occurred in food services and drinking places, professional and business services, and health care. Employment growth has averaged 184,000 per month thus far this year, in line with the average monthly gain in 2016 (+187,000). (See table B-1.)
Employment in food services and drinking places rose by 53,000 in July. The industry has added 313,000 jobs over the year.
Professional and business services added 49,000 jobs in July, in line with its average monthly job gain over the prior 12 months.
In July, health care employment increased by 39,000, with job gains occurring in ambulatory health care services (+30,000) and hospitals (+7,000). Health care has added 327,000 jobs over the past year.
Employment in mining was essentially unchanged in July (+1,000). From a recent low in October 2016 through June, the industry had added an average of 7,000 jobs per month.
Employment in other major industries, including construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, financial activities, and government, showed little change over the month.
The average workweek for all employees on private nonfarm payrolls was unchanged at 34.5 hours in July. In manufacturing, the workweek was also unchanged at 40.9 hours, and overtime remained at 3.3 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was 33.7 hours for the fourth consecutive month. (See tables B-2 and B-7.)
In July, average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents to $26.36. Over the year, average hourly earnings have risen by 65 cents, or 2.5 percent. In July, average hourly earnings of private-sector production and nonsupervisory employees increased by 6 cents to $22.10. (See tables B-3 and B-8.)
The change in total nonfarm payroll employment for May was revised down from +152,000 to +145,000, and the change for June was revised up from +222,000 to +231,000. With these revisions, employment gains in May and June combined were 2,000 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 195,000 per month.
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The Employment Situation for August is scheduled to be released on Friday, September 1, 2017, at 8:30 a.m. (EDT).
MAGA! Dow 24,000 here we come!
More BS government stats based on phone calls. I’m not saying unemployment isnt down, I’m just saying why don’t we go to real numbers?
Unexpected!
“I’m just saying why don’t we go to real numbers?”
I suppose the housecleaning hasn’t occurred over at BLS.
Until then, facts just get in the way.
These are however real numbers: Trump unleashes $trillion dollars in stock market gain , his first 6 months:
Generally I agree with your statement.
For example “unemployment rate was little changed at 4.3 percent”.
They use the U-3 calculations.
While this number has a very well defined definition the number is a very inaccurate estimator of real unemployment.
“The labor force participation rate, at 62.9 percent, changed little in July and has shown little movement on net over the past year.”
Participation rate is a better estimator, but it is a reverse ratio and a bit more difficult to understand.
Shadowstats is the best. It will graph the U-3, U-6, and then the same unemployment rate calculation used during the Great Depression.
Using the same unemployment rate calculation used during the Great Depression and comparing to today, shows that Obama has put us into a Greater Depression. The history books will show this.
Today’s #FAKENEWS perpetrated by the #FAKEAMERICANS msm will not let out to the general masses just how bad Obamas Greater Depression really has been.
And how many BILLIONS were shoveled into the markets the last eight plus years?
Inquiring minds want to know.
Obama adding 97,000 pages of government regulations per year would have destroyed the USA , sending us to the apocalypse.
Trump stopping those Obama policies and further reducing government regulations = America saved and the economy great again and America Great Again.
America , freedom ,property rights etc. last as long as Trump is president , not much longer after that.You are cutting off your own head if you don’t fight for Trump.
You’re right; the best real indication of low unemployment is rising wages as companies compete for talent - and with the exception of a few fields, that isn’t happening. To his credit, I believe Trump’s comments on immigration are to deal with this specific issue (in the sense that companies shouldn’t be able to suppress wages by simply keeping the borders open).
Didn’t say anything about not supporting Trump much less implied.
There are hundreds if not thousands of laws passed per year which more or less makes us all criminals in some form or fashion.
In addition, the apocalypse officially started over 2000 years ago. Read your Bible.
The question still stands: How many billions were shoveled into the markets the last eight plus years.
Trump just started this year. Your obama did all you complain about including adding 97000 pages of government regulations per year: If you don’t think that’s a huge problem then you have no clue
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