Current Employment Statistics Highlights - Bureau of Labor Statistics

Current Employment Statistics Highlights Detailed Industry Employment Analysis

Contents Summary Mining & Logging

Current Employment Statistics Highlights

Construction Manufacturing Wholesale Trade Retail Trade Transportation, Warehousing, & Utilities Information Financial Activities Professional & Business Services Private Education & Health Services Leisure & Hospitality Other Services Government

May 2018 Release Date: June 1, 2018 Prepared by Analysts of the National Estimates Branch Current Employment Statistics Survey U.S. Bureau of Labor Statistics 202-691-6555 Email CES

CES Highlights

Release Date: June 1, 2018

Current Employment Statistics Summary, May 2018 Nonfarm employment increased by 223,000 in May. Employment continued to trend up in retail trade, health care, and construction. The employment change for April revised down from +164,000 to +159,000, and the change for March revised up from +135,000 to +155,000. On net, employment over these months is 15,000 higher than previously reported. Average hourly earnings of all employees on private-sector payrolls increased by 8 cents in May. Hourly earnings are up 2.7 percent over the year. Average weekly hours were unchanged in May at 34.5 hours. +31,000 Retail Trade Retail trade added 31,000 jobs in May, with job gains of 6,000 in building material and garden supply stores and 13,000 in general merchandise stores. Retail trade has added 125,000 jobs over the year. +39,000 Education and Health Services Health care added 29,000 jobs in May. Within health care, employment in ambulatory care services rose by 18,000 over the month, while hospital employment continued to trend up (+6,000). Over the past 12 months, health care has added 318,000 jobs.

Summary

Mining & Logging

Construction

Manufacturing

Employment in total nonfarm Over-the-month change, January 2015–May 2018 Seasonally adjusted, in thousands

400

351

350 326

300

325

324

285

282 267

264

256

250

264

257

271

259 239

235

234

221

211

200

191

200

175

174

164

172

223

216

190

180

175 176

175

155 159

155

150

140 103

100

88

78

73

50

34 14

0 Jan-15

Jul-15

Jan-16

Jul-16

Jan-17

Over-the-month change

Jul-17

Jan-18

Annual average

Bureau of Labor Statistics, Current Employment Statistics, June 01, 2018. Most recent 2 months of data are preliminary.

+25,000 Construction Employment edged up in construction in May (+25,000). The industry has added 286,000 jobs over the past 12 months. Nonresidential special trade contractors added +15,000 jobs in May and +117,000 jobs over the year.

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

+31,000 Professional and Business Services In May, employment continued to trend up in professional and technical services (+23,000). Over the year, the industry has added 206,000 jobs.

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

CES Highlights


Current Employment Statistics Survey Summary, May 2018

Employment in total nonfarm

+19,000 Transportation and Warehousing Employment in transportation and warehousing continued to trend up in May, with job gains in couriers and messenger services (+5,000) and in warehousing and storage (+7,000). Over the year, employment in transportation and warehousing has increased by 156,000.

Over-the-month change, May 2018 Seasonally adjusted, in thousands 4

Mining and logging 25

Construction

18

Manufacturing

4

Wholesale trade 31

Retail trade*

19

+18,000 Manufacturing Employment continued to trend up in manufacturing over the month, with most of the change concentrated in durable goods industries (+15,000). Machinery added 6,000 jobs over the month, while employment in fabricated metal products continued to trend upward (+2,000). Over the year, these two industries have accounted for half of the employment growth in durable goods manufacturing—45,000 and 56,000, respectively. +4,000 Mining and Logging Mining employment continued to trend up in May (+6,000). Since an employment trough in October 2016, mining has added 91,000 jobs. Support activities for mining has been responsible for most of the job growth both

Summary

Mining & Logging

Construction

Manufacturing

Total nonfarm: 223*

Transportation and warehousing

-1

Utilities

6

Information

8

Financial activities 31

Professional and business services 39

Education and health services

21

Leisure and hospitality

13

Other services

5 -20

-10

0

Government 10

20

30

40

May 2018

50

60

Prior 12-month average

Bureau of Labor Statistics, Current Employment Statistics survey, June 01, 2018. Data are preliminary. * denotes significance

over the month (+3,000) and since the trough (+89,000).



Information





Other Services

Government


CES Highlights

Mining and Logging Employment in mining Over-the-month change, January 2015–May 2018 Seasonally adjusted, in thousands

15

10

10

9 6

5

9 5

9 6

5

3

8

8 6

4 2

2

1

1

0 -1 -2

-3

-5

Logging lost 2,000 jobs in May.

-1

-1

Employment in mining continued to trend upward in May (+6,000). The employment trend in this industry tends to follow changes in oil prices. The spot price of West Texas intermediate crude oil has been increasing since a low point in early 2016. Mining employment reached a trough in October 2016 and has increased by 91,000 as of May 2018.

-5

-4

-7

-10

-15

-9

-10

-9

-10 -12

-13

-12

-11

-15 -16 -16

-17

-16 -19

-20 -21

-22

-25 Jan-15

Jul-15

Jan-16

Jul-16

Jan-17


Jul-17

Jan-18

Annual average


Summary

Mining & Logging

Construction

Manufacturing



Information





Other Services

Government


CES Highlights

Construction Construction employment continued to trend up in May (+25,000). Nonresidential specialty trades accounted for 15,000 of this increase.

Employment in construction Over-the-month change, January 2015–May 2018 Seasonally adjusted, in thousands

80 70

67

Over the year, construction has added 286,000 jobs, led by gains in specialty trade contractors (+206,000) and residential building (+44,000).

60 52

50

50

46 42

40

30

51

38

37

42 42

41

40

32

30 24

22

20

16

28

28

25

24 24

21

19 13

11

9

10

17

16

13 5

4

9

7 3

3

0 -5

-6

-10

-3

-6

-16

-20

-30 Jan-15

Jul-15

Jan-16

Jul-16

Jan-17


Jul-17

Jan-18

Annual average


Summary

Mining & Logging

Construction

Manufacturing



Information





Other Services

Government


CES Highlights

Manufacturing Employment in manufacturing

Employment in manufacturing continued to trend up in May (+18,000). Over the year, the industry has added 259,000 jobs, a 2.1-percent increase.

Over-the-month change, January 2015–May 2018 Seasonally adjusted, in thousands

50

39

40

39

31

30

30

25

24 21

20

21

18 15

14

13

12

10 5

5

5

20

18

6

4

20

21 18

14

12

10 10

6

6

4

2

0 -1

-3

-4

-10

-4

-7

-9

-17

-20

-19

-18 -24

-30 Jan-15

Jul-15

Jan-16

Jul-16

Jan-17


Jul-17

Jan-18

Annual average


Employment in durable goods

Durable goods: 15


Wood products

-1

Nonmetallic mineral products -1

Fabricated metal products 6

Machinery*

2

Computer and electronic products

2

Electrical equipment and appliances

1

Transportation equipment

1

Furniture and related products

1 -2

Among the component industries, machinery added jobs (+6,000), while the other components continued to follow their long-term trends.

Primary metals 2

-4

Recently, durable goods manufacturing has driven job gains in manufacturing, and that trend continued in May (+15,000). Of the 259,000 jobs added over-the-year in manufacturing, durable goods manufacturing has contributed 200,000, 77 percent. Employment in nondurable goods manufacturing changed little in May (+3,000).

0

Miscellaneous durable goods manufacturing 2

4

May 2018

6

8



Summary

Mining & Logging

Construction

Manufacturing



Information





Other Services

Government


CES Highlights

Wholesale Trade Employment in wholesale trade was little changed in May (+4,000). Despite little net employment change over the last 6 months, wholesale trade has gained 68,000 jobs over the year. Three-quarters of those jobs were added in durable goods industries.

Employment in wholesale trade Over-the-month change, January 2016–May 2018 Seasonally adjusted, in thousands

20

7 3

4

4

5 3

0

1

2

2

3

3

5

5

6

6

7

8

8

9

10

10

10

11

13

15

-4

-3

-5

-3

-3

0

0

-11

-10

-15 -20 Jan-16

Jul-16

Jan-17

Jul-17

Jan-18

Bureau of Labor Statistics, Current Employment Statistics survey, June 01, 2018. Most recent 2 months of data are preliminary.

Summary

Mining & Logging

Construction

Manufacturing



Information





Other Services

Government


CES Highlights

Retail Trade Employment in retail trade

In May, employment in retail trade grew by 31,000. Year to date, employment growth has averaged 22,000 per month, compared to little net change per month during 2017 (-2,000).


41 42

45

60

46

58

80

31

27 12

15

15 16 11

4 2

3

4

7

8

9

11

22

22

27

6

20

18 21

20 24 24

28

40

-1

-4 -10

-7

-6 -9

-1

0

-40

Employment increased by 6,000 in building materials and garden supply stores, offsetting a similar decrease in April. This industry has added 53,000 jobs over the past year.

-26

-32

-26

-22

-20

-60 Jan-15

Jul-15

Jan-16

Jul-16

Over the month, employment rose in general merchandise stores and in building materials and garden supply stores. General merchandise stores added 13,000 jobs, which were split between department stores (+8,000) and general merchandise stores, including warehouse clubs and supercenters (+6,000).

Jan-17

Jul-17

Jan-18


Employment in retail trade

Retail trade: 31*


Motor vehicle and parts dealers

1

Furniture and home furnishings stores

1

Electronics and appliance stores 6

Building material and garden supply stores*

1

Food and beverage stores

-1

Health and personal care stores 1

Gasoline stations 7

Clothing and clothing accessories stores

1

Sporting goods, hobby, book, and music stores 13

General merchandise stores*

1

Miscellaneous store retailers

-1 -6

-4

-2

Nonstore retailers 0

2

4

6

8

10

May 2018

12

14

16

18



Summary

Mining & Logging

Construction

Manufacturing



Information





Other Services

Government


CES Highlights

Transportation and Warehousing Employers in transportation and warehousing added 19,000 jobs in May. The growth was spread amongst truck transportation (+7,000), warehousing and storage (+7,000), and couriers and messenger services (+5,000). So far this year, job growth in transportation and warehousing has averaged +15,000 per month, compared with +11,000 per month in 2017.

Summary

Mining & Logging

Construction

Manufacturing



Information





Other Services

Government


CES Highlights

Utilities Utilities employment changed little in May and has shown little net change over the year.

Employment in utilities Over-the-month change, January 2015—May 2018 Seasonally adjusted, in thousands

2

2

2

1.5 1

0.5

1

1

1

1

1

0

0

0

0

0

0 0

0

0

0

0

-0.5

0

0

0

0

0 -1

-1

-1

-1

-1

-1

-1

-1

-1 -1

-1

-1

-1.5

-1

-2 Jan-15

1

1

1 1

1

Jul-15

Jan-16

-1

-1

Jul-16

Jan-17


Jul-17

Jan-18

Annual average


Summary

Mining & Logging

Construction

Manufacturing



Information





Other Services

Government


CES Highlights

Information Employment in information changed little in May (+6,000), and has shown little net change over the year.

Employment in information Over-the-month change, January 2015–February May 20182016 Seasonally adjusted, in thousands

60 50

47

40

30 20 14

10

7

4

0

8

7 1

0

3

8

7

7

9

6

5 1

0

-1

2

0

-1

-2 -4 -3

-6

-10

6

4

-20

-1

-1

-4 -4

-8

-11

-14

6

0 -3

-4

4

-16

-30

-40 Jan-15

-35

Jul-15

Jan-17

Jul-16

Jan-16


Jul-17

Jan-18

Annual average


Summary

Mining & Logging

Construction

Manufacturing



Information





Other Services

Government


CES Highlights

Financial Activities Employment in financial activities changed little (+8,000) in May. Although recent monthly job changes have been small, over the past year financial activities employment has grown by 125,000. These gains were about evenly split between the finance and insurance and the real estate and rental and leasing industries.

Employment in financial activities Over-the-month change, January 2015–May 2018 Seasonally adjusted, in thousands

20

21

13

13 11

8

8

8

3

3

5

5

5

6

6

6

7

7

8 8

8

9 9

9

10

15

15

15 16

16

15

16 13

12 10

15

12

16

18

20

22

25

22

26

28

30

29

35

0 -5 -10 Jan-15

Jul-15

Jan-16

Jul-16

Jan-17

Jul-17

Jan-18


Summary

Mining & Logging

Construction

Manufacturing



Information





Other Services

Government


CES Highlights

Professional and Business Services Employment in Professional and business services

May-18: 31 Prior-12: 42

Over-the-month change, January 2015–May 2018

Professional and business services employment continued to trend up in May (+31,000), but came in below its prior-12 month average change. Employment continued to trend up in professional and technical services (+23,000) , including +7,000 in computer systems design and related services. Management of companies and enterprises added 8,000 jobs in May.

Seasaonally adjusted, in thousands 100

81 80

74

72 63

60

53

57

52

44 40

42

36

31 32 21

23

23

20

20

53

50

42

40

36

27

42

27 21

38 31

27 19

10

61

60

57

53

41 43 31

Small offsetting movements in the component industries of administrative and waste services kept employment flat in May.

16

6

0

-1 -13

-20 Jan-15

Jul-15

Jan-16

Jul-16

Jan-17


Jul-17

Jan-18

Annual average

Bureau of Labor Statistics, Current Employment Statistics survey, June 01, 2018 Most recent 2 months of data are preliminary. * denotes significance

Employment in Professional and business services component industries

Over-the-month change and prior averages, May 2018 Seasonally adjusted, in thousands

23

Professional and technical services

8

Management of companies and enterprises

0

Administrative and waste services 0


5

Prior-3 mo. Avg.

10

15

20

Prior-6 mo. Avg

25

30

Prior-12 mo. Avg

Bureau of Labor Statistics, Current Employment Statistics survey, June 01, 2018 Data are preliminary. * denotes significance

Summary

Mining & Logging

Construction

Manufacturing



Information





Other Services

Government


CES Highlights

Private Education and Health Services Employment in health care

Health care employment continued to grow in May (+29,000). Job gains have averaged 26,000 per month in 2018, in line with average monthly growth in 2017 (+24,000).


50

45

45 40 40

40

40

38

37

37

35

35

35

33

34

36

35 33

32

30

30 27

27

26

26

25

25 22

29

27

25

31

29 29 26

25

23

21

21

20

20

19

23 21

20

18

14

15 11

10 5

0 Jan-15

Jul-15

Jan-16

Jul-16

Jan-17


Jul-17

Jan-18

Annual average


Employment in selected health care industries

Health care industries: 29*

Over-the-month change, May 2018 Seasonally adjusted, in thousands

18 Ambulatory health care services¹*

Within health care, employment in ambulatory health care services rose by 18,000 in May. Its main component industries also continued their respective upward employment trends. Ambulatory health care services has added 208,000 jobs over the last 12 months for a gain of 2.9 percent.

4 - Offices of physicians 5 - Outpatient care centers

4 - Home health care services

Hospital employment continued to trend up in May (+6,000). Hospital employment has continued to grow in 2018, adding an average of 9,000 jobs per month so far. In 2017, hospital employment had risen by an average of 6,000 per month.

6 Hospitals 5 Nursing and residential care* -5

0

5

10

15

May 2018

20

25


Bureau of Labor Statistics, Current Employment Statistics survey, June 01, 2018. Data are preliminary. ¹ Includes additional component industries not shown separately. * denotes significance

Summary

Mining & Logging

Construction

Manufacturing



Information





Other Services

Government


CES Highlights

Leisure and Hospitality

Employment in leisure and hospitality Over-the-month change, May 2018

Leisure and hospitality: 21

Seasonally adjusted, in thousands 4

Arts, entertainment, and recreation

Employment in leisure and hospitality changed little in May (+21,000). Museums, historical sites, and similar institutions lost 4,000 jobs. The Consumer Confidence Index ticked up in May, while employment changed little in food services and drinking places (+18,000).

0 Accommodation

18 Food services and drinking places

-5

0

5

10

15

May 2018

20

25



Summary

Mining & Logging

Construction

Manufacturing



Information





Other Services

Government


CES Highlights

Other Services Employment in other services Over-the-month change, January 2015–May 2018 Seasonally adjusted, in thousands

20

17

15

17

16

16

14 11

11 9

10 7

6

11

13

11

7

6

7 5

5 1

14

9

7

6

14

13

12

17

16

Employment in other services edged up in May (+13,000). Over the most recent 12 months, the industry has added 97,000 jobs, a change of 1.7 percent. Personal and laundry services accounted for 47 percent of the gains over this period.

5

5 3

2

1

0

0

3

0

-1

-5

-4 -6

-10

-6

-10

-15

-15

-20 Jan-15

Jul-15

Jan-16

Jul-16

Jan-17


Jul-17

Jan-18

Annual average


Summary

Mining & Logging

Construction

Manufacturing



Information





Other Services

Government


CES Highlights

Government Employment in government changed little in May (+5,000). Employment in federal agencies declined by 3,000. Government employment has been essentially flat over the year (+21,000).

Employment in government January 2008–May 2018

Seasonally adjusted, in thousands 23,400

May 2018 Level: 22,326 OTM Change: 5

23,200 23,000 22,800 22,600 22,400 22,200 22,000 21,800 21,600

21,400 Jan-08

Jan-10

Jan-12

Jan-14

Jan-16

Jan-18

Bureau of Labor Statistics, Current Employment Statistics survey, June 01, 2018. Shaded area represents recession as denoted by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. * denotes significance

Summary

Mining & Logging

Construction

Manufacturing



Information





Other Services

Government

Current Employment Statistics Highlights Detailed Industry Employment Analysis

CES Analysts Michael Calvillo Wander Cedeño Steve Crestol Tyler Downing Brittney Forbes Mike McCall John Mullins Michael Osifalujo Edward Park

Prepared by Staff of the National Estimates Branch Current Employment Statistics Survey U.S. Bureau of Labor Statistics 202-691-6555 Email CES