Saturday, July 3, 2021

US Employment 7221


By BLS, 7/2/21

The monthly jobs report shows jobs added in 2021

850000 in June

559,000 in May

278,000 in April

785,000 in March

379,000 in February

49,000 in January

2,900,000 total

The current US jobs deficit is 9.5 million

In June, the unemployment rate rose by 0.1 percentage point to 5.9 percent, and the number of unemployed persons increased by 164,000 to 9.5 million.

Establishment Survey Data Total nonfarm payroll employment increased by 850,000 in June, following the increase of 583,000 in May. In June, nonfarm payroll employment is down by 6.8 million from its pre-pandemic level in February 2020.

In June, employment in leisure and hospitality increased by 343,000. This included 194,000 in food and drink, 75,000 in lodging, 74,000 in entertainment. Jobs are down by 2.2 million from February 2020.

In June, employment in local public education increased by 155,000, 75,000 in state public education and 39,000 in private education. Education Employment is down from February 2020 levels in local government education by 414,000, state government education by 168,000 and private education by 255,000 for a total deficit of 837,000.

In June, employment showed little change in other major industries, including information, financial activities, and health care.

Healthcare employment is down by 508,000 since February 2020.

Social Assistance is down by 257000 since February 2020.

Information is down by 193000 since February 2020.

Manufacturing added 15000 jobs in June with job gains in furniture and related products (+9,000), fabricated metal products (+6,000), and primary metals (+3,000) were partially offset by a loss in motor vehicles and parts (-12,000). Employment in manufacturing is down by 481,000 from its level in February 2020.

Transportation and warehousing added 11000 jobs in June, including warehousing and storage (+14,000), air transportation (+8,000), and truck transportation (+6,000) were partially offset by a loss in couriers and messengers (-24,000). Since February 2020, employment in transportation and warehousing is down by 94,000.

Construction employment in June lost 13000 jobs in nonresidential contractors (-15,000) and heavy and civil engineering construction (-11,000) were partially offset by a gain in residential specialty trade contractors (+13,000). Employment in construction is 238,000 lower than in February 2020.

Professional and business services rose by 72,000 in June but is down by 633,000 since February 2020.  In June, employment rose in temporary help services (+33,000), advertising and related services (+8,000), scientific research and development services (+7,000), and legal services (+6,000). Overall, employment in professional and business services is down by 708,000 since February 2020.

Retail trade added 67,000 jobs in June. Retail employment is down by 303,000 since February 2020.

Wholesale trade added 21,000 jobs in June. Employment in wholesale trade is 192,000 lower than in February 2020.

Mining jobs rose by 10,000 in June.  Mining employment is down by 110,000 since a peak in January 2019.

Total US Unemployed 9.5 million since February 2020.  US Unemployment by industry has deficits since February 2020.

Industry             May Deficit     June Deficit

Hospitality         2.5 million       2.2 million

Prof & Bus          708000         633000

Manufacturing   509000           481000

Construction     225000           238000

Mining              110000           110000

Healthcare         508000          508000

Public Schools   244000          582000

Pvt Schools        293000          255000

Social Asst         257000          236000

Media                193000           193000

Transp Whse    100000            94000

Wholesale         211000           192000

Other Svc         297000           297000

Retail                411000           303000

Totals            6,159,000       6,322,000

https://www.bls.gov/news.release/pdf/empsit.pdf

https://www.bls.gov/news.release/pdf/empsit.pdf

Comments

The difference between 9.500,000 and 6,332,000 is 3,168,000 that would include oil and gas related jobs. This is the shortfall between jobs held in February 2020 vs June 2021.

Norb Leahy, Dunwoody GA Tea Party Leader

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