July Jobs Report Says U.S. Unemployment is Stuck at 9.1% in August
According to this morning’s Bureau of Labor Statistics report, nonfarm payroll employment was essentially unchanged in August, and the unemployment rate held still at 9.1%, with 14.0 million unemployed. Also, the change in total nonfarm payroll unemployment in July has been downwardly revised from +117,000 to +85,000.
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Some sectors accounting for job growth:
The healthcare industry added 30,000 jobs in August, with ambulatory healthcare services and hospitals adding 18,000 and 8,000, respectively. In the last 12 months, the healthcare industry has added 306,000 jobs.
The mining sector added 6,000 jobs in August for a total rise of 144,000 since October 2009. Mining support activities accounted for most of the gain.
Within professional and business services, computer systems design and related services added 8,000 jobs last month, with employment in temporary help services making up for most (+5,000) of the gain.
Sectors accounting for job losses:
Employment in the information industry declined by 48,000 jobs in August. However, about 45,000 telecommunications workers were on strike last month, and were off the company payrolls during the survey reference period.
Government employment continued to decline in August, with 17,000 fewer jobs counted last month, even after 22,000 government workers temporarily put out of work from a partial government shutdown in Minnesota returned to their posts. State government employment did increase slightly, up 5,000, but employment in local government declined. Local government employment peaked in September 2008, but has been declining ever since, losing 550,000 jobs.
The manufacturing industry was relatively unchanged in August, eliminating just 3,000 jobs after gaining 36,000 in July. On average, manufacturing has added 14,000 jobs per month for the last 4 months, compared to an average of 35,000 a month for the first 4 months of the year.
Employment in construction; trade, transportation, and utilities; financial activities; and leisure and hospitality changed little in August.