News Release Information

16-1628-PHI
Tuesday, August 02, 2016

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Richmond Area Employment — June 2016

Local Rate of Employment Growth Above National Average

Total nonfarm employment for the Richmond Metropolitan Statistical Area stood at 676,100 in June 2016, up 24,400, or 3.7 percent, over the year, the U.S. Bureau of Labor Statistics reported today. During the same period, the national job count increased 1.8 percent. Sheila Watkins, the Bureau’s regional commissioner, noted that the June increase was the 72nd consecutive month of over-the-year employment gains in the Richmond metropolitan area. (See chart 1 and table 1. The Technical Note at the end of this release contains the metropolitan area definition. All data in this release are not seasonally adjusted; accordingly, over-the-year analysis is used throughout.)

 

In the greater Richmond metropolitan area, professional and business services had the largest employment gain from June 2015 to June 2016, adding 8,400 jobs. The recent advance represented a 7.9-percent rate of job growth over the year in the local area, nearly three times the nationwide advance of 2.7 percent for this industry.

The trade, transportation, and utilities supersector and the education and health services supersector each had job gains of more than 3,000. Trade, transportation, and utilities added 7,100 jobs, while education and health services gained 3,200 jobs over the year. The local 5.9-percent rate of job growth in trade, transportation and utitilies was more than three times the national 1.6-percent gain for this supersector; the 3.4-percent advance locally in education and health services employment compared to the 3.0-percent gain nationally. (See chart 2.)

Four supersectors in the Richmond area each gained between 1,000 and 2,000 jobs: the leisure and hospitality; financial activities; mining, logging, and construction; and other services. No supersector lost 1,000 or more jobs over the year.

Metropolitan area employment data for July 2016 are scheduled to be released on Friday, August 19, 2016, at 10:00 a.m. (EDT).


Technical Note

This release presents nonfarm payroll employment estimates from the Current Employment Statistics (CES) program. The CES survey is a Federal-State cooperative endeavor between State employment security agencies and the Bureau of Labor Statistics.

Definitions. Employment data refer to persons on establishment payrolls who receive pay for any part of the pay period which includes the 12th of the month. Persons are counted at their place of work rather than at their place of residence; those appearing on more than one payroll are counted on each payroll. Industries are classified on the basis of their principal activity in accordance with the 2007 version of the North American Industry Classification System (NAICS).

Method of estimation. The employment data are estimated using a "link relative" technique in which a ratio (link relative) of current-month employment to that of the previous month is computed from a sample of establishments reporting for both months. The estimates of employment for the current month are obtained by multiplying the estimates for the previous month by these ratios. Small-domain models are used as the official estimators for approximately 39 percent of CES published series which have insufficient sample for direct sample-based estimates.

Annual revisions. Employment estimates are adjusted annually to a complete count of jobs, called benchmarks, derived principally from tax reports which are submitted by employers who are covered under state unemployment insurance (UI) laws. The benchmark information is used to adjust the monthly estimates between the new benchmark and the preceding one and also to establish the level of employment for the new benchmark month. Thus, the benchmarking process establishes the level of employment, and the sample is used to measure the month-to-month changes in the level for the subsequent months.

Reliability of the estimates. The estimates presented in this release are based on sample survey and administrative data and thus are subject to sampling and other types of errors. Sampling error is a measure of sampling variability—that is, variation that occurs by chance because a sample rather than the entire population is surveyed. Survey data are also subject to nonsampling errors, such as those which can be introduced into the data collection and processing operations. Estimates not directly derived from sample surveys are subject to additional errors resulting from the special estimation processes used. The sums of individual items may not always equal the totals shown in the same tables because of rounding.

Employment estimates. Measures of sampling error for state CES data at the supersector level are available on the BLS Web site at www.bls.gov/sae/790stderr.htm. Information on recent benchmark revisions for states is available at www.bls.gov/sae/.

Additional information
 

More complete information on the technical procedures used to develop these estimates and additional data appear in Employment and Earnings, which is available online at www.bls.gov/opub/ee/home.htm. Industry employment data for states and metropolitan areas from the Current Employment Statistics program are also available in the above mentioned news releases and from the Internet at www.bls.gov/sae/.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.

Area definitions. The substate area data published in this release reflect the standards and definitions established by the U.S. Office of Management and Budget, dated December 1, 2009. A detailed list of the geographic definitions is available at www.bls.gov/lau/lausmsa.htm.

The Richmond, Va. Metropolitan Statistical Area (MSA) includes Amelia, Caroline, Charles City, Chesterfield, Cumberland, Dinwiddie, Goochland, Hanover, Henrico, King and Queen, King William, Louisa, New Kent, Powhatan, Prince George, and Sussex Counties and Colonial Heights, Hopewell, Petersburg, and Richmond cities in Virginia.

Table 1. Employees on nonfarm payrolls by industry supersector, United States and the Richmond Metropolitan Statistical Area,
not seasonally adjusted (in thousands)
Area Back
data
Jun
2015
Apr
2016
May
2016
Jun
2016 (1)
Jun 2015 to
Jun 2016 (1)
Net
change
Percent
change

United States

 

Total nonfarm

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142,717 143,934 144,557 145,239 2,522 1.8

Mining and logging

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825 691 689 692 -133 -16.1

Construction

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6,621 6,561 6,699 6,850 229 3.5

Manufacturing

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12,407 12,239 12,256 12,374 -33 -0.3

Trade, transportation, and utilities

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26,955 27,061 27,220 27,375 420 1.6

Information

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2,755 2,785 2,742 2,802 47 1.7

Financial activities

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8,168 8,210 8,249 8,337 169 2.1

Professional and business services

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19,797 20,088 20,137 20,330 533 2.7

Education and health services

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21,829 22,755 22,698 22,484 655 3.0

Leisure and hospitality

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15,742 15,367 15,711 16,186 444 2.8

Other services

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5,687 5,682 5,704 5,761 74 1.3

Government

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21,931 22,495 22,452 22,048 117 0.5
 

Richmond Metropolitan Statistical Area

 

Total Nonfarm

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651.7 667.7 672.8 676.1 24.4 3.7

Mining, logging, & construction

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36.6 37.5 38.0 37.8 1.2 3.3

Manufacturing

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31.0 30.3 30.4 30.4 -0.6 -1.9

Trade, transportation, & utilities

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120.4 126.4 127.2 127.5 7.1 5.9

Information

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7.5 7.3 6.7 7.4 -0.1 -1.3

Financial activities

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50.4 50.5 51.6 51.7 1.3 2.6

Professional & business services

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106.5 112.7 114.9 114.9 8.4 7.9

Educational & health services

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93.8 96.7 96.3 97.0 3.2 3.4

Leisure & hospitality

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64.1 62.3 64.1 66.0 1.9 3.0

Other services

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31.8 32.8 33.3 33.0 1.2 3.8

Government

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109.6 111.2 110.3 110.4 0.8 0.7

Footnotes
(1) State and regional data for the most recent month are preliminary; U.S. data are preliminary for two months.
 

SOURCE: Current Employment Statistics - National - State and Metropolitan Area

The Current Employment Statistics (CES) Survey is a monthly survey of business establishments which provides estimates of employment, hours, and earnings data by industry for the nation as a whole, all States, and most major metropolitan areas since 1939. The CES survey is a Federal-State cooperative program in which State employment security agencies prepare the data using concepts, definitions, and technical procedures prescribed by the Bureau of Labor Statistics.

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Last Modified Date: Tuesday, August 02, 2016