Sunday, September 9, 2012

Direct from The Department of Labor... How they fudge the numbers and then corrects them down the road!

Employment Situation Summary

Transmission of material in this release is embargoed                      USDL-12-1796
until 8:30 a.m. (EDT) Friday, September 7, 2012

Technical information:
 Household data:       (202) 691-6378  *  cpsinfo@bls.gov  *  www.bls.gov/cps
 Establishment data:   (202) 691-6555  *  cesinfo@bls.gov  *  www.bls.gov/ces

Media contact:         (202) 691-5902  *  PressOffice@bls.gov


                         THE EMPLOYMENT SITUATION -- AUGUST 2012


Total nonfarm payroll employment rose by 96,000 in August, and the unemployment
rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today.
Employment increased in food services and drinking places, in professional and
technical services, and in health care. 
 
HOUSEHOLD DATA
Table A-11. Unemployed persons by reason for unemployment
[Numbers in thousands]
Reason Not seasonally adjusted Seasonally adjusted
Aug.
2011
July
2012
Aug.
2012
Aug.
2011
Apr.
2012
May
2012
June
2012
July
2012
Aug.
2012
NUMBER OF UNEMPLOYED
Job losers and persons who completed temporary jobs
7,897 7,151 6,820 8,120 6,852 6,989 7,207 7,123 7,003
On temporary layoff
1,136 1,525 1,147 1,237 1,083 1,106 1,331 1,417 1,246
Not on temporary layoff
6,762 5,626 5,673 6,883 5,768 5,883 5,875 5,705 5,757
Permanent job losers
5,399 4,377 4,444 5,476 4,529 4,553 4,560 4,387 4,484
Persons who completed temporary jobs
1,362 1,248 1,229 1,407 1,239 1,330 1,315 1,319 1,273
Job leavers
1,056 897 1,018 973 997 891 936 878 942
Reentrants
3,644 3,579 3,445 3,519 3,341 3,439 3,227 3,380 3,318
New entrants
1,411 1,773 1,413 1,249 1,384 1,367 1,331 1,311 1,277
PERCENT DISTRIBUTION
Job losers and persons who completed temporary jobs
56.4 53.4 53.7 58.6 54.5 55.1 56.7 56.1 55.8
On temporary layoff
8.1 11.4 9.0 8.9 8.6 8.7 10.5 11.2 9.9
Not on temporary layoff
48.3 42.0 44.7 49.7 45.9 46.4 46.3 45.0 45.9
Job leavers
7.5 6.7 8.0 7.0 7.9 7.0 7.4 6.9 7.5
Reentrants
26.0 26.7 27.1 25.4 26.6 27.1 25.4 26.6 26.5
New entrants
10.1 13.2 11.1 9.0 11.0 10.8 10.5 10.3 10.2
UNEMPLOYED AS A PERCENT OF THE
CIVILIAN LABOR FORCE
Job losers and persons who completed temporary jobs
5.1 4.6 4.4 5.3 4.4 4.5 4.6 4.6 4.5
Job leavers
0.7 0.6 0.7 0.6 0.6 0.6 0.6 0.6 0.6
Reentrants
2.4 2.3 2.2 2.3 2.2 2.2 2.1 2.2 2.1
New entrants
0.9 1.1 0.9 0.8 0.9 0.9 0.9 0.8 0.8
NOTE: Updated population controls are introduced annually with the release of January data.

Table of Contents

 
 Household Survey Data

The unemployment rate edged down in August to 8.1 percent. Since the beginning of
this year, the rate has held in a narrow range of 8.1 to 8.3 percent. The number of
unemployed persons, at 12.5 million, was little changed in August. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (7.6 percent),
adult women (7.3 percent), teenagers (24.6 percent), whites (7.2 percent), blacks
(14.1 percent), and Hispanics (10.2 percent) showed little or no change in August.
The jobless rate for Asians was 5.9 percent (not seasonally adjusted), little
changed from a year earlier. (See tables A-1, A-2, and A-3.)

In August, the number of long-term unemployed (those jobless for 27 weeks or more)
was little changed at 5.0 million. These individuals accounted for 40.0 percent of
the unemployed. (See table A-12.)

Both the civilian labor force (154.6 million) and the labor force participation rate
(63.5 percent) declined in August. The employment-population ratio, at 58.3 percent,
was little changed. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to
as involuntary part-time workers) was little changed at 8.0 million in August. These
individuals were working part time because their hours had been cut back or because
they were unable to find a full-time job. (See table A-8.)

In August, 2.6 million persons were marginally attached to the labor force,
essentially unchanged from a year earlier. (These data are not seasonally adjusted.)
These individuals were not in the labor force, wanted and were available for work,
and had looked for a job sometime in the prior 12 months. They were not counted as
unemployed because they had not searched for work in the 4 weeks preceding the survey.
(See table A-16.)

Among the marginally attached, there were 844,000 discouraged workers in August, a
decline of 133,000 from a year earlier. (These data are not seasonally adjusted.)
Discouraged workers are persons not currently looking for work because they believe
no jobs are available for them. The remaining 1.7 million persons marginally attached
to the labor force in August had not searched for work in the 4 weeks preceding the
survey for reasons such as school attendance or family responsibilities. (See
table A-16.)

Establishment Survey Data

Total nonfarm payroll employment rose by 96,000 in August. Since the beginning of
this year, employment growth has averaged 139,000 per month, compared with an average 
monthly gain of 153,000 in 2011. In August, employment rose in food services and
drinking places, in professional and technical services, and in health care. (See
table B-1.)

Employment in food services and drinking places increased by 28,000 in August and by
298,000 over the past 12 months.

Employment in professional and technical services rose in August (+27,000). Job gains
occurred in computer systems design and related services (+11,000) and management and
technical consulting services (+9,000).

Health care employment rose by 17,000 in August. Ambulatory health care services and
hospitals added 14,000 and 6,000 jobs, respectively. From June through August, job 
growth in health care averaged 15,000 per month, compared with an average monthly
gain of 28,000 in the prior 12 months.

Utilities employment increased in August (+9,000). The increase reflects the return
of utility workers who were off payrolls in July due to a labor-management dispute.

Within financial activities, finance and insurance added 11,000 jobs in August.
Employment in wholesale trade continued to trend up. Employment in temporary help
services changed little over the month and has shown little movement, on net, since
February.

Manufacturing employment edged down in August (-15,000). A decline in motor vehicles
and parts (-8,000) partially offset a gain in July. Auto manufacturers laid off fewer
workers for factory retooling than usual in July, and fewer workers than usual were
recalled in August.

Employment in other major industries, including mining and logging, construction,
retail trade, transportation and warehousing, information, and government, showed
little change over the month.

The average workweek for all employees on private nonfarm payrolls was unchanged at
34.4 hours in August. The manufacturing workweek declined by 0.2 hour to 40.5 hours,
and factory overtime was unchanged at 3.2 hours. The average workweek for production
and nonsupervisory employees on private nonfarm payrolls was unchanged at 33.7 hours.
(See tables B-2 and B-7.)

In August, average hourly earnings for all employees on private nonfarm payrolls edged
down by 1 cent to $23.52. Over the past 12 months, average hourly earnings rose by
1.7 percent. In August, average hourly earnings of private-sector production and
nonsupervisory employees edged down by 1 cent to $19.75. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for June was revised from +64,000 to
+45,000, and the change for July was revised from +163,000 to +141,000.

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

No comments:

Post a Comment