US Jobs Report August 2021

 

By BLS, 9/4/21

The monthly jobs report shows jobs added in 2021 by month

235000 in August

943000 in July

850000 in June

559,000 in May

278,000 in April

785,000 in March

379,000 in February

49,000 in January

4,078,000 total

The US jobs deficit for January 2021 was 9.5 million minus 4.078 million jobs added = 5.422 million deficit.

Total nonfarm payroll employment increased by 235,000 in August and the unemployment rate declined from 5.4% to 5.2%. The number of unemployed persons fell from 8.7 million to 8.4 million.

Professional and business services jobs increased by 74,000 in August. This included jobs in engineering and computer services. Jobs are down by 468,000 since February 2020.

Leisure and hospitality jobs decreased by 6,000 in August. This included the loss of 42,000 jobs in food and drink and a gain of 36,000 jobs in entertainment. Jobs are down by 1.7 million since February 2020.

Education jobs increased by 13,000 in August.  This included a loss of 27,000 jobs in public education and a gain of 40,000 jobs in private education. Education Employment is down by 565,000 from February 2020 levels including job losses of 220,000 in local government education, 186,000 in state government education and 159,000 and private education by for a total deficit of 565,000.

Health care jobs reported no change in August. Health care employment is down by 502,000 since February 2020.

Manufacturing increased by 37,000 in August, including job gains of 24,000 in automotive and 7,000 in metal fabrication.  Manufacturing employment is 378,000 below its February 2020 level.

Information data processing jobs increased by 17,000 in August, Employment in information is down by 150,000 since February 2020.

Financial activity jobs rose by 17,000 in August, including 11,000 in real estate. Employment in financial activities is down by 29,000 since February 2020.

Mining jobs increased by 6,000 in August. Mining employment is 103,000 below a peak in January 2019.

Retail jobs decreased by 29,000 in August. Since February 2020, employment in retail jobs are down by 285,000.

Transportation and warehousing added 53,000 jobs in August. Job growth occurred in warehousing and air transport. Jobs are up by 22,000 since February 2020.

The other services industry added 37,000 jobs in August, with gains in repair and maintenance services (+9,000) and in personal and laundry services (+19,000). Employment in other services is 189,000 lower than in February 2020.

Construction jobs showed little change in August. Employment in construction is 238,000 lower than in February 2020.

Wholesale jobs showed little change in August. Employment in wholesale trade is 192,000 lower than in February 2020.

In February 2020 the US Jobs Deficit was 9.5 million.  US Unemployment by industry has deficits since February 2020.

Industry            June Deficit  July Deficit  August Deficit

Hospitality      2.2 million  1.7 million 1.7 million

Prof & Bus       633000       556000      468000

Manufacturing 481000       433000       378000

Construction    238000       238000       238000

Mining             110000       103000       103000

Healthcare       508000       502000       502000

Public Schools 582000      205000       409000

Pvt Schools     255000       207000       159000

Social Asst      236000       236000 no data

Media/Info     193000        172000       150000

Transp Whse   94000         44000           22000

Wholesale     192000        192000        192000

Other Svc      297000        236000        189000

Retail            303000         270000        285000

Totals            6,322,000   5,575,000     5,422,000

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

https://www.bls.gov/news.release/empsit.nr0.htm

The Employment Situation-August 2021 (bls.gov)

Comments

The US Jobs deficit was 9.5 million in January 2021. This is the shortfall between jobs held in February 2020 vs August 2021.

Over 1 million illegal immigrants entered the US since January 2100. I expect they will take government welfare in addition to food service, landscaping, construction and drug cartel jobs. Afghan refugees could exceed 100,000.

Norb Leahy, Dunwoody GA Tea Party Leader