US Employment 6/11/21

By BLS, 6/4/21

The monthly jobs report shows jobs added in 2021

559,000 in May

278,000 in April

785,000 in March

379,000 in February

49,000 in January

2,050,000 total

The current US jobs deficit is 7.6 million

In May, the unemployment rate declined by 0.3 percentage point to 5.8 percent, and the number of unemployed persons fell by 496,000 to 9.3 million. These measures are down considerably from their recent highs in April 2020 but remain well above their levels prior to the coronavirus (COVID-19) pandemic (3.5 percent and 5.7 million, respectively, in February 2020)

Establishment Survey Data Total nonfarm payroll employment increased by 559,000 in May, following increases of 278,000 in April and 785,000 in March. In May, nonfarm payroll employment is down by 7.6 million, or 5.0 percent, from its pre-pandemic level in February 2020. Notable job gains occurred in leisure and hospitality, in public and private education, and in health care and social assistance in May. (See table B-1. See the box note on page 5 for more information about how the establishment survey and its measures were affected by the coronavirus pandemic.)

In May, employment in leisure and hospitality increased by 292,000, as pandemic-related restrictions continued to ease in some parts of the country. Nearly two-thirds of the increase was in food services and drinking places (+186,000). Employment also rose in amusements, gambling, and recreation (+58,000) and in accommodation (+35,000). Employment in leisure and hospitality is down by 2.5 million, or 15.0 percent, from its level in February 2020.

In May, employment increased in public and private education, reflecting the continued resumption of in-person learning and other school-related activities in some parts of the country.

Employment rose by 53,000 in local government education, by 50,000 in state government education, and by 41,000 in private education. However, employment is down from February 2020 levels in local government education (-556,000), state government education (-244,000), and private education (-293,000).

Health care and social assistance added 46,000 jobs in May. Employment in health care continued to trend up (+23,000), reflecting a gain in ambulatory health care services (+22,000). Social assistance added 23,000 jobs over the month, largely in child day care services (+18,000). Compared with February 2020, employment is down by 508,000 in health care and by 257,000 in social assistance.

Employment in information rose by 29,000 over the month but is down by 193,000 since February 2020. In May, job gains occurred in motion picture and sound recording industries (+14,000).

Manufacturing employment rose by 23,000 in May. A job gain in motor vehicles and parts (+25,000) followed a loss in April (-38,000). Employment in manufacturing is down by 509,000 from its level in February 2020.

-4- Transportation and warehousing added 23,000 jobs in May. Employment increased in support activities for transportation (+10,000) and in air transportation (+9,000). Since February 2020, employment in transportation and warehousing is down by 100,000.

Employment in wholesale trade increased by 20,000 in May, mostly in the durable goods component (+14,000). Employment in wholesale trade is down by 211,000 since February 2020.

Construction employment edged down in May (-20,000), reflecting a job loss in nonresidential specialty trade contractors (-17,000). Employment in construction is 225,000 lower than in February 2020.

Employment in professional and business services changed little in May (+35,000). Within the industry, employment continued to trend up in accounting and bookkeeping services (+14,000).

Employment in temporary help services changed little over the month (+4,000), following a large decline in April (-116,000). Overall, employment in professional and business services is down by 708,000 since February 2020.

Employment in retail trade changed little in May (-6,000). Clothing and clothing accessories stores added 11,000 jobs. Employment in food and beverage stores decreased by 26,000, following a decline of 47,000 in April.

Employment in retail trade is 411,000 below its February 2020 level. In May, employment changed little in other major industries, including mining, financial activities, and other services.

Total US Unemployed 9.3 million since February 2020.  US Unemployment by industry has deficits since February 2020.

Industry             Deficit

Hospitality         2.5 million

Public Schools   244000

Pvt Schools        293000

Social Asst         257000

Healthcare         508000

Media                193000

Manufacturing   509000

Transp Whse    100000

Wholesale         211000

Construction     225000

Temp Svc         708000

Retail                411000

Totals            6,159,000

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

Comments

The difference between 9.300,000 and 6,159,000 is 3,141,000 that would include oil and gas related jobs. This is the shortfall between jobs held in February 2020 vs May 2021.

Norb Leahy, Dunwoody GA Tea Party Leader