US Payrolls Growth Disappoints in August
United States economy added only 142,000 jobs in August, compared with an average monthly gain of 212,000 over the prior 12 months. It was the smallest gain this year. Job growth occurred in professional and business services and in health care.
Professional and business services added 47,000 jobs in August and has added 639,000 over the past year. In August, management of companies and enterprises gained 8,000 jobs. Employment continued to trend up over the month in administrative and support services (+23,000), architectural and engineering services (+3,000), and in management and technical consulting services (+3,000).
9/5/2014 3:37:58 PM
US Payrolls Rise Less Than Expected in July
United States added 209,000 jobs in July, the same as its average monthly gain over the prior 12 months. Employment grew in professional and business services, manufacturing, retail trade, and construction.
Published on 2014-08-01
US Non-Farm Payrolls Beat Expectations in June
United States added 288,000 jobs in June, up from 224,000 in the previous month. Over the past 3 months, job growth has averaged 272,000 per month. Employment growth was widespread, led by gains in professional and business services, retail trade, food services and drinking places, and health care.
Published on 2014-07-03
Employment in health care increased by 34,000 in August. Within the industry, offices of physicians and hospitals added 8,000 jobs and 7,000 jobs, respectively. Social assistance employment continued to trend up over the month (+9,000) and has expanded by 104,000 over the year.
Within leisure and hospitality, employment in food services and drinking places continued to trend up in August (+22,000) and is up by 289,000 over the year.
Construction employment continued to trend up in August (+20,000). This is in line with its average monthly job gain of 18,000 over the prior 12 months. In August, employment trended up in specialty trade contractors (+12,000) and construction of buildings (+7,000).
Manufacturing employment was unchanged in August, following an increase of 28,000 in July. Motor vehicles and parts lost 5,000 jobs in August, after adding 13,000 jobs in July. Auto manufacturers laid off fewer workers than usual for factory retooling in July, and fewer workers than usual were recalled in August. Elsewhere in manufacturing, there were job gains in August in computer and peripheral equipment (+3,000) and in nonmetallic mineral products (+3,000), and job losses in electronic instruments (-2,000).
In August, retail trade employment was little changed (-8,000). Food and beverage stores lost 17,000 jobs; this industry was impacted by employment disruptions at a grocery store chain in New England. Elsewhere in retail trade, automobile dealers added 5,000 jobs.
Employment in other major industries, including mining and logging, wholesale trade, transportation and warehousing, information, financial activities, and government, showed little change over the month.
The change in total nonfarm payroll employment for June was revised from +298,000 to +267,000, and the change for July was revised from +209,000 to +212,000. With these revisions, employment gains in June and July combined were 28,000 less than previously reported.