Current Employment Statistics Highlights

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Current Employment Statistics Highlights Current Employment Statistics Highlights Detailed Industry Employment Analysis Contents Current Employment Statistics Summary Highlights Mining & Logging Construction Manufacturing Wholesale Trade Retail Trade Transportation, Warehousing, & Utilities Information Financial Activities Professional & Business Services Private Education & Health Services Leisure & Hospitality August 2021 Other Services Release Date: September 3, 2021 Government 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: September 3, 2021 Current Employment Statistics Summary, August 2021 Payroll employment rose by 235,000 in August after growing by 1.1 million in July and 962,000 in June. Since April 2020, employment Total nonfarm: Employment in total nonfarm 235* has risen by 17.0 million but is 5.3 million, or Over-the-month change, August 2021 3.5 percent, lower than a peak in February Seasonally adjusted, in thousands 2020. 1 6 Mining and logging* In August, job growth occurred in -3 Construction professional and business services, 37 Manufacturing* transportation and warehousing, 1 Wholesale trade manufacturing and other services. Retail trade -29 Retail trade* lost jobs over the month. 53 Transportation and warehousing* The employment change for June revised -1 Utilities up from +938,000 to +962,000, and the 17 Information change for July revised up from +943,000 to 16 Financial activities* +1.1 million. On net, employment over June 74 Professional and business services* and July is 134,000 higher than previously 35 Education and health services reported. 0 Leisure and hospitality 37 Other services* Average hourly earnings of all employees -8 Government on private-sector payrolls increased by 17 cents, or 0.6 percent, in August. Over the year, -100 0 100 hourly earnings have increased by 4.3 percent. Bureau of Labor Statistics, Current Employment Statistics survey, September 03, 2021. Data are preliminary. In August , average weekly hours were * denotes significance unchanged at 34.7 hours. (+19,000), computer systems design and professional and business services has risen by +74,000 Professional and Business Services related services (+10,000), scientific research 1.9 million. P rofessional and business services added and development services (+7,000) and legal 74,000 jobs in August, including gains in services (+4,000). After falling by 2.4 million in architectural and engineering services March and April of 2020, employment in Private Trade: Transp., Professional Mining & Financial Education Leisure & Other Summary Construction Manufacturing Wholesale Warehousing Information & Business Government Logging Activities & Health Hospitality Services Retail & Utilities Services Services CES Highlights Release Date: September 3, 2021 Current Employment Statistics Survey Summary, August 2021 +53,000 Transportation and Warehousing Employment changes by industry sector Transportation and warehousing added Net change, in millions, seasonally adjusted 53,000 jobs in August. Within the industry, job 9.0 gains in couriers and messengers (+20,000), 8.2 warehousing and storage (+20,000), air 8.0 transportation (+11,000), and support 7.0 activities for transportation (+5,000) more Feb-Apr 2020 Job Losses 6.5 than offset a job loss in transit and ground 6.0 passenger transportation (-8,000). Apr 2020-Aug 2021 Recovery Employment in transportation and 5.0 warehousing has recovered jobs lost between 4.0 February and May 2020, and employment is 3.4 2.9 slightly above (+22,000) the February 2020 3.0 2.8 peak.¹ 2.4 1.9 1.9 2.0 1.4 1.4 1.2 1.1 0.9 1.0 1.0 +37,000 Manufacturing 1.0 Durable goods manufacturing added 31,000 0.3 0.3 0.3 0.2 0.1 0.0 0.1 jobs in August, with gains concentrated in 0.0 motor vehicles and parts (+24,000) and in -1.0 Mining & Construction Manufacturing Trade, Information Financial Professional & Private Leisure & Other Services Government fabricated metal products (+7,000). Logging Transportation, Activities Business Education & Hospitality Manufacturing has recovered 1.0 million of 1.4 and Utilities Services Health Services million jobs lost in March and April 2020. services has recovered 1.2 million of 1.4 care, job losses came in home health care +37,000 Other Services million jobs lost in March and April 2020. services (-12,000) and in nursing care facilities Employment in other services grew by (-7,000). Since losing 2.8 million jobs in March 37,000 in August. Personal and laundry +35,000 Education and Health Services and April 2020, education and health services services (+19,000) and repair and maintenance In August, job growth in education and has recovered 1.9 million jobs. (+9,000) added jobs over the month. Other health services was concentrated in private educational services (+40,000). Within health Private Trade: Transp., Professional Mining & Financial Education Leisure & Other Summary Construction Manufacturing Wholesale Warehousing Information & Business Government Logging Activities & Health Hospitality Services Retail & Utilities Services Services EMBARGOED until February 5, 2021 at 8:30 AM DRAFT, NOT FACT CHECKED CES Highlights Release Date: September 3, 2021 CES Highlights Release Date: February 5, 2021 Current Employment Statistics Survey Summary, August 2021 +17,000 Information leisure and hospitality is 1.7 million lower than Within information, job growth was in February 2020. concentrated in data processing, hosting and related services (+12,000). Although the -3,000 Construction information industry has recovered 172,000 Employment in construction changed little jobs since July 2020, employment is 150,000 in August (-3,000), and has shown little net below its February 2020 peak.¹ change thus far in 2021 (+16,000). Over the month, residential specialty trade contractors +16,000 Financial Activities added jobs (+17,000), while heavy and civil Financial activities added 16,000 jobs over engineering construction lost jobs (-8,000). the month. Job growth was concentrated in Employment in construction is 232,000 lower real estate (+11,000). Employment in financial than in February 2020. activities is 29,000 below its February 2020 peak,¹ marking a 90-percent recovery of jobs -8,000 Government lost in March and April 2020. Within government, employment declined in state government education (-21,000). +6,000 Mining and Logging Government employment is 790,000 lower Mining employment rose by 6,000 in than its peak in February 2020.¹ August, with job gains in support activities for mining (+4,000) and in coal mining (+1,000). -29,000 Retail Trade Employment in mining reached a low in Employment in retail trade declined by August 2020 and has since risen by 55,000. 29,000 in August. Job losses were concentrated in food and beverage stores 0 Leisure and Hospitality (-23,000) and in building material and garden Leisure and hospitality employment was supply stores (-13,000). Retail employment is unchanged in August. Within the industry, job 285,000 lower than in February 2020. losses in food services and drinking places (-42,000) offset gains in arts, entertainment, and recreation (+36,000). Employment in Private Trade: Transp., Professional Mining & Financial Education Leisure & Other Summary Construction Manufacturing Wholesale Warehousing Information & Business Government Logging Activities & Health Hospitality Services Retail & Utilities Services Services CES Highlights Release Date: September 3, 2021 Mining and Logging Employment in mining increased by 6,000 in August due to an uptick in support activities for mining (+4,000). Mining has added 55,000 jobs since its employment trough in August 2020. Recent moderate growth in mining employment has coincided with an increase in the count of active North American rotary rigs, despite a decrease in the average weekly price of West Texas Intermediate crude oil. Private Trade: Transp., Professional Mining & Financial Education Leisure & Other Summary Construction Manufacturing Wholesale Warehousing Information & Business Government Logging Activities & Health Hospitality Services Retail & Utilities Services Services CES Highlights Release Date: September 3, 2021 Construction Employment in construction changed little in Employment in construction August (-3,000) and has shown little net change January 2011–August 2021 so far this year (+16,000). Construction Seasonally adjusted, in thousands employment is now 232,000 below its February 8,500 2020 peak.¹ 8,000 In August, a job gain in residential specialty trade contractors (+17,000) was offset by 7,500 downward movements in nonresidential specialty 7,000 trade contractors (-9,000) and in heavy and civil engineering construction (-8,000). Residential 6,500 specialty trade contractors has fully recovered 338,000 jobs lost in March and April 2020, and 6,000 employment exceeds its February 2020 level by August 2021 Level: 7,416 5,500 37,000. OTM Change: -3 5,000 The weakness in construction employment in 4,500 August follows a decline in housing starts in July, Jan-11 Jan-13 Jan-15 Jan-17 Jan-19 Jan-21 as well as stagnation in residential building Bureau of Labor Statistics, Current Employment Statistics survey, September 03, 2021. permits and new home sales. Shaded area represents recession as denoted by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. * denotes significance. Private Trade: Transp., Professional Mining & Financial Education Leisure & Other Summary Construction
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