Current Employment Statistics Highlights December 2017

Detailed Industry Employment Analysis. December 2017 Release Date: January 5, 2018 Government Prepared by Analysts of the National Estimates Branch...

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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

December 2017 Release Date: January 5, 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: January 5, 2018

Current Employment Statistics Summary, December 2017 Nonfarm payroll employment rose by 148,000 in December. Over the year, job growth totaled 2.1 million, compared with a gain of 2.2 million in 2016. In December, health care, construction, and manufacturing added jobs. The employment change for November revised up from +228,000 to +252,000, and the change for October revised down from +244,000 to +211,000. Incorporating revisions, job growth has averaged 204,000 per month over the past 3 months. Average hourly earnings for all employees on private, nonfarm payrolls rose by 9 cents in December. Hourly earnings are up 2.5 percent over the year. Average weekly hours, at 34.5 hours, were unchanged over the month.

Employment in total nonfarm Over-the-month change, January 2014–December 2017 Seasonally adjusted, in thousands

400

344

350

329

300

262

255

246 230

200 190

297 291

280

272

250

321

312

304

227

272 254 239

234238

Summary

Mining & Logging

Construction

Manufacturing

216

206

202

157

151

153 126

207

164 155

210

145

211

208

148

138

124

100

100

86 50

43

50

0 Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Over-the-month change

+28,000 Education and Health Services Employment in health care rose by 31,000 in December. Employment continued to trend up in ambulatory care services (+15,000) and in hospitals (+12,000). In 2017, employment in health care expanded by 300,000, compared with 379,000 jobs gained in 2016. Employment in hospitals rose by 76,000 over the year, down from 119,000 jobs added in 2016.

232

176

150

252

249

237 225

Jul-16

Jan-17

38

Jul-17

Annual average

Bureau of Labor Statistics, Current Employment Statistics, January 05, 2018. Most recent 2 months of data are preliminary.

+30,000 Construction Employment in construction rose by 30,000 in December. Within the industry, a job gain of 24,000 in specialty trade contractors was roughly split between the residential and nonresidential components. Over the year, construction added 210,000 jobs, compared with an increase of 155,000 in 2016.

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

+25,000 Manufacturing In December, employment in manufacturing rose by 25,000. Durable goods industries accounted for 21,000 of the increase, including job gains in machinery (+6,000), fabricated metal products (+5,000), and computer and electronic products (+3,000). Over the year, employment in

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

CES Highlights

Release Date: January 5, 2018

Current Employment Statistics Survey Summary, December 2017 manufacturing rose by 196,000, compared with little net change in 2016 (-16,000).

Employment in total nonfarm

Total nonfarm: 148*

Over-the-month change, December 2017 Seasonally adjusted, in thousands

+29,000 Leisure and Hospitality Within leisure and hospitality, employment in food services and drinking places changed little in December (+25,000). Over the past year, this industry added 249,000 jobs, compared to an increase of 276,000 in 2016. +19,000 Professional and Business Services Employment changed little over the month in professional and business services. Over the year, employment in the industry increased by 527,000, in line with the change from 2016 (+534,000). Increases were distributed across most of the component industries.

0

Summary

Construction

Manufacturing

Construction*

25

Manufacturing*

10

Wholesale trade

-20

Retail trade 2

Transportation and warehousing

-1

Utilities 7

Information

6

Financial activities 19

Professional and business services 28

Education and health services

29

Leisure and hospitality

12

Other services

2 -40

-20

Government

0

20

40

December 2017

60

Prior 12-month average

Bureau of Labor Statistics, Current Employment Statistics survey, January 05, 2018. Data are preliminary. * denotes significance

-20,000 Retail Trade Employment in retail trade changed little over the month (-20,000). Over the year, employment in the industry edged down (-67,000), compared to a gain of 203,000 in 2016. Within retail trade, general merchandise stores lost 27,000 jobs in December. Since reaching an employment peak in October 2016, this industry has lost 109,000 jobs.

Mining & Logging

Mining and logging 30

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Release Date: January 5, 2018

CES Highlights

Mining and Logging Employment in mining and logging was unchanged in December. Over the year, mining and logging added 59,000 jobs, after losing 75,000 jobs in 2016.

Employment in mining and logging Over-the-month change, January 2014–December 2017 Seasonally adjusted, in thousands 20

10

12

15

-4 -3

0

0

-6 -9 -9

-10

-18 -18

-15

-16

-22

-20

-17

-15

-11 -13

-12 -14 -16

-9

-8

-10

-4

-5

-5

-3

-1

0

-2

0

0

1

2

2

5

4

5

6 6

6 5

5

5 5

4

5

5

6 6

7

10

Although employment was flat over the month, related economic indicators were positive. Domestic oil rigs numbered 930 in December, up 2.5 percent from November. The price of West Texas Intermediate oil rose 0.6percent from the previous month to $57.12 per barrel in December.

-25 -30 -35 Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Jul-16

Jan-17

Jul-17

Bureau of Labor Statistics, Current Employment Statistics survey, January 05, 2018. Most recent 2 months of data are preliminary.

Summary

Mining & Logging

Construction

Manufacturing

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Release Date: January 5, 2018

CES Highlights

Construction Employment in construction Over-the-month change, January 2014–December 2017 Seasonally adjusted, in thousands

54

55 39

43

44

44

27

13 15

-9 -14

-11

-20

-4

-1

0

0 0

0

7

8

11

12

15

16

15

18

23

23

21

24

28

30

34

37 14

20

26

20 18 23

30 27

20

21

26

40

44

42

37 39

60

56

80

Construction employment rose by 30,000 in December. The job gain was led by specialty trade contractors, which added 24,000 jobs, the majority being in nonresidential specialty trade contractors (+14,000). Employment in residential building and residential specialty trades trended up by 8,000 and 10,000, respectively. Recent employment strength in the residential components follows a 17.5-percent gain in new home sales over the month in November.

-40 Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Jul-16

Jan-17

Jul-17

Bureau of Labor Statistics, Current Employment Statistics survey, January 05, 2018. Most recent 2 months of data are preliminary.

Employment in construction

Construction: 30*

Over-the-month change, December 2017 Seasonally adjusted, in thousands 8

Residential building

-1

Nonresidential building

-1 Heavy and civil engineering

10 Residential specialty trade contractors

14 Nonresidential specialty trade contractors

-6

-4

-2

0

2

4

6

8

10

12

December 2017

14

16

18

Prior 12-month average

Bureau of Labor Statistics, Current Employment Statistics survey, January 05, 2018. Data are preliminary. * denotes significance

Summary

Mining & Logging

Construction

Manufacturing

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Release Date: January 5, 2018

CES Highlights

Manufacturing Employment in durable goods

Employment in manufacturing

Seasonally adjusted, in thousands

Seasonally adjusted, in thousands

50

1

44

Wood products

40

2 31

30

23

21

20 15

17

10

17

22 16

8

14

13

13

8 7

5

5

12 12

12

1

1

11

0

0

9

9

-5

-10

Electrical equipment and appliances

-1

-11

-12

Furniture and related products 0

-17 -20

Jan-16

Over-the-month change

Miscellaneous durable goods manufacturing

-21

-4 Jul-15

Transportation equipment

-5

-7 -12

Jan-15

Computer and electronic products

1

0

1

-20

Jul-14

Machinery*

3

-1

-30 Jan-14

Fabricated metal products 6

7 2

Primary metals

25

18

16

13

23

21

Nonmetallic mineral products 3

28

27 24

22

Durable goods: 21*

Over-the-month change, December 2017

Over-the-month change, January 2014–December 2017

Jul-16

Jan-17

-2

0

2

4

December 2017

Jul-17

6

8

Prior 12-month average

Bureau of Labor Statistics, Current Employment Statistics survey, January 05, 2018. Data are preliminary. * denotes significance

Annual average

Bureau of Labor Statistics, Current Employment Statistics, January 05, 2018. Most recent 2 months of data are preliminary.

Manufacturing closed out 2017 with a gain of 25,000 jobs. The job gain was concentrated in durable goods manufacturing (+21,000), with nondurable goods manufacturing showing little change (+4,000).

In December, job gains in durable goods were led by machinery (+6,000) and fabricated metals (+5,000). Most of the other component industries beat their prior-12 month averages.

In 2017, manufacturing added 196,000 jobs, a 1.6-percent increase. Employment had changed little in 2016 (-16,000).

Summary

Mining & Logging

Construction

Manufacturing

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Release Date: January 5, 2018

CES Highlights

Wholesale Trade Employment in wholesale trade continued to edge up in December (+10,000), bringing the 2017 net job gain to +71,000, roughly double the 36,000 jobs added in 2016. Durable goods constituted the majority of jobs added in 2017 with a gain of 54,000.

Employment in wholesale trade Over-the-month change, January 2014–December 2017 Seasonally adjusted, in thousands

25

16

20

12

10

11

7 7 6

4

5

6 4

4 3

3

1

1

2

2

2

4 0

1

1

2

4

4

4

5

5

5

6

6

7

7

9

9

10

10

11

12

13

15

-4

-2

-3

-2

-4

-5

-2

-2

-1

0

-12

-10 -15 -20 Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Jul-16

Jan-17

Jul-17

Bureau of Labor Statistics, Current Employment Statistics survey, January 05, 2018. Most recent 2 months of data are preliminary.

Summary

Mining & Logging

Construction

Manufacturing

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Release Date: January 5, 2018

CES Highlights

Retail Trade Employment in retail trade

December OTMC: -20 2017 OTYC : -67

Over-the-month change, January 2014–December 2017 Seasonally adjusted, in thousands 80

48

35

40

26

3

5

8

9

12

13

19

17

20

25

27

31

39

40 23

21

18

13

12

16

21

11

20

23

18

40

36

38

48

52

60

-2

-4

-20

-29

-21

-20

-11

-4 -10

-20

-13

-12

-7

-6

-6

0

-23

In December, employment in retail trade changed little (-20,000), mostly offsetting November’s employment change (+26,000). During 2017, retail employment trended downward (-67,000), after rising by 203,000 in 2016.

-40

-40 -60

Employment in general merchandise stores decreased by 27,000 in December, as both department stores and other general merchandise stores shed jobs. Altogether in 2017, employment in general merchandise stores fell by 90,000 with the majority of the job losses in other general merchandise stores. On a positive note, building materials and garden supply stores gained 28,000 jobs during 2017.

-80 Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Jul-16

Jan-17

Jul-17

Bureau of Labor Statistics, Current Employment Statistics survey, January 05, 2018. Most recent 2 months of data are preliminary.

Employment in retail trade

Retail trade: -20

Over-the-month change, December 2017 Seasonally adjusted, in thousands

3

Motor vehicle and parts dealers

2

Furniture and home furnishings stores 4

Electronics and appliance stores

2

Building material and garden supply stores 7

Food and beverage stores

-4

Health and personal care stores

-3

Gasoline stations

-4

Clothing and clothing accessories stores -2

Sporting goods, hobby, book, and music stores

-27

General merchandise stores* 2

Miscellaneous store retailers

0 -40

-35

-30

-25

-20

-15

-10

-5

0

December 2017

Nonstore retailers 5

10

15

Prior 12-month average

Bureau of Labor Statistics, Current Employment Statistics survey, January 05, 2018. Data are preliminary. * denotes significance

Summary

Mining & Logging

Construction

Manufacturing

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Release Date: January 5, 2018

CES Highlights

Transportation and Warehousing Employment in transportation and warehousing was flat in December (+2,000). In 2017, this industry added 74,000 jobs, after adding 92,000 jobs in 2016.

Employment in transportation and warehousing Over-the-month change, January 2014–December 2017 Seasonally adjusted, in thousands

40

35

30

28

25 23

20

18 13

24

22

22

18 15

26

19

19 14

14

13

10

22

22

20

12

12

10

7

8

18

14

12

11

14

13

11 8

6

4

3

0

0

7

8 6

7 4 2

-1

-2 -5

-10 -13

-14

-20 Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Over-the-month change

Jul-16

Jan-17

Jul-17

Annual average

Bureau of Labor Statistics, Current Employment Statistics, January 05, 2018. Most recent 2 months of data are preliminary.

Summary

Mining & Logging

Construction

Manufacturing

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Release Date: January 5, 2018

CES Highlights

Utilities In December, employment in utilities was little changed (-1,000). Over the year, utilities has shown little net change in employment (-4,000).

Employment in utilities

January 2007–December 2017

Seasonally adjusted, in thousands 568

566

December 2017 Level: 552 OTM Change: -1

564 562 560 558 556 554

552 550 548 546 544 542 Jan-07

Jan-10

Jan-13

Jan-16

Bureau of Labor Statistics, Current Employment Statistics survey, January 05, 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

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Release Date: January 5, 2018

CES Highlights

Information Information employment changed little in December (+7,000). In 2017, employment in information showed consistent weakness, trending down by a total of 40,000. This weakness was driven by declines in the telecommunications industry, which accounted for over 80 percent of the jobs lost.

Employment in information

Over-the-month change, January 2014–December 2017 Seasonally adjusted, in thousands 41

50 40 30

7

8

10

-1

1

0 -5

-5

-11

-12

-12

-20

-6 -8 -6 -8

-6

-2

-1 -3

0

1

2

4 -1 -7

-6

-1

0 -1

-2 -4

-6

-3

0 -10

6

6

9

9

7 8

9 2 1

5

10

5 4

9

20

-30

-42

-40

-50 Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Jul-16

Jan-17

Jul-17

Bureau of Labor Statistics, Current Employment Statistics survey, January 05, 2018. Most recent 2 months of data are preliminary.

Summary

Mining & Logging

Construction

Manufacturing

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Release Date: January 5, 2018

CES Highlights

Financial Activities Employment in financial activities changed little in December (+6,000). This industry added 134,000 jobs in 2017, compared to 176,000 jobs gained in 2016. Job gains over the past 2 years were widespread, with significant increases occurring in most component industries.

Summary

Mining & Logging

Construction

Manufacturing

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Release Date: January 5, 2018

CES Highlights

Professional and Business Services Employment in Professional and business services component industries

Over-the-month change and prior averages, December 2017 Seasonally adjusted, in thousands

-5

Professional and technical services

4

Management of companies and enterprises

20

Administrative and waste services -10

-5

Over-the-month change

0

5

Prior-3 mo. Avg.

10

Prior-6 mo. Avg

15

20

25

30

Prior-12 mo. Avg

Bureau of Labor Statistics, Current Employment Statistics survey, January 05, 2018 Data are preliminary. * denotes significance

Employment in professional and technical services

Dec-17: -5 Prior-12: 19

Over-the-month change, December 2017 Seasonally adjusted, in thousands

Computer systems design and related

3

Advertising and related

3

Architectural and engineering

2 1

Other professional and technical Management and technical consulting

1

Legal

1

Scientific research and development

Employment in professional and business services changed little in December (+19,000)—less than half of the prior-12 month average and the smallest over-the-month change in 2017. The industry weakness occurred in professional and technical services (-5,000), which came in well below recent trends. A decline in accounting and bookkeeping services (-15,000) accounted for the overall weakness, while the majority of component industries within professional and technical services were flat over the month. Employment changes in management of companies and enterprises (+4,000) and in administrative and waste services (+20,000) remained in-line with recent average changes. In 2017, professional and business services employment increased by 527,000, similar to the job gain in 2016. However, the composition of jobs added in 2017 versus 2016 shifted among the major component industries. Professional and technical services added 101,000 fewer jobs in 2017 (+202,000) than in 2016 (+301,000). Computer systems design and related services and management and technical consulting services, which had led the industry in job gains in 2016, experienced much slower growth in 2017. Job growth accelerated in architectural and engineering services to 48,000 in 2017 from 27,000 the prior year. Administrative and waste services, on the other hand, added 290,000 jobs in 2017 compared to 198,000 in 2016. Employment services accounted for the majority of the difference in 2017, adding 160,000 jobs over the year, compared to +33,000 in 2016.

0 0

Specialized design

-15

Accounting and bookkeeping* -20

-15

-10

Dec-17

-5

0

5

10

Prior-12

Bureau of Labor Statistics, Current Employment Statistics survey, January 5, 2018. Data are preliminary. * denotes significance.

Summary

Mining & Logging

Construction

Manufacturing

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Release Date: January 5, 2018

CES Highlights

Private Education and Health Services Health care added 31,000 jobs in December. Ambulatory health care services continued its upward trend (+15,000), driven mainly by employment growth in offices of dentists (+8,000). After a weak November (+1,000), hospitals added 12,000 jobs.

Employment in health care Over-the-month change, January 2014–December 2017 Seasonally adjusted, in thousands

50

45

45

42

40

39

37 37 37

35

38 36

36

33

33

32

40

33 30

30

28

26

25

25

23

23

30 27

31

30

23

22

21

20 16

15 12

29

28

23

19

15

29 26

24

21

20

36 36

36

36

34

Altogether, health care industries added 300,000 jobs in 2017, representing a slowdown in growth compared to 2016 (+379,000) and 2015 (+383,000).

17

15

13

10 5

2

0 Jan-14

Jul-14

Jan-15

Jul-15

Jan-16

Over-the-month change

Jul-16

Jan-17

Jul-17

Annual average

Bureau of Labor Statistics, Current Employment Statistics, January 05, 2018. Most recent 2 months of data are preliminary.

Summary

Mining & Logging

Construction

Manufacturing

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Release Date: January 5, 2018

CES Highlights

Leisure and Hospitality

Employment in leisure and hospitality Over-the-month change, December 2017

Leisure and hospitality: 29

Seasonally adjusted, in thousands 4

Arts, entertainment, and recreation

0

Leisure and hospitality employment continued to trend up in December (+29,000), adding a total of 306,000 jobs in 2017. This industry accounted for 15 percent of all total nonfarm jobs added in 2017. Employment in food services and drinking places was little changed in December (+25,000). In 2017, employment in the industry increased by 249,000, after rising by 276,000 over the prior year.

Accommodation

25 Food services and drinking places

-10

-5

0

5

10

15

20

December 2017

25

30

35

Prior 12-month average

Bureau of Labor Statistics, Current Employment Statistics survey, January 05, 2018. Data are preliminary. * denotes significance

Summary

Mining & Logging

Construction

Manufacturing

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Release Date: January 5, 2018

CES Highlights

Other Services

Employment in other services Over-the-month change, January 2012–December 2017 Seasonally adjusted, in thousands

15 14

12 8

9

9

10

10

9

7

7

6

6 6 5

1

-7

-4

0

0

-17

-10

-8

-6

-4

-3

0

0

0

-2

1

1

2

3 2

3

4

4 1

0 -5

-10

12

13

12 10

11

11

12

8

8 8 5

5 4 3 3 1

0

16

15 12

14

11

10

9 7

7

10

11

11

15

17

20

18

19

30

Employment in other services was little changed in December (+12,000). Over the most recent 12 months, the industry has added 109,000 jobs, more than double the gain in 2016. In 2017, personal and laundry services added 48,000 jobs while employment in membership organizations increased by 44,000.

-20

-30 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Bureau of Labor Statistics, Current Employment Statistics survey, January 05, 2018. Most recent 2 months of data are preliminary.

Summary

Mining & Logging

Construction

Manufacturing

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

Other Services

Government

Release Date: January 5, 2018

CES Highlights

Government Employment in government changed little in December (+2,000). Over the past year government employment was also little changed (+42,000), after rising by 201,000 in 2016. The federal government lost 16,000 jobs in 2017, and job growth slowed to +77,000 over the year in local government from +160,000 in 2016.

Employment in government January 2007–December 2017

Seasonally adjusted, in thousands 23,400

December 2017 Level: 22,341 OTM Change: 2

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

21,400 Jan-07

Jan-10

Jan-13

Jan-16

Bureau of Labor Statistics, Current Employment Statistics survey, January 05, 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

Trade: Wholesale Retail

Transp., Warehousing & Utilities

Information

Financial Activities

Professional & Business Services

Private Education & Health Services

Leisure & Hospitality

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