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Statement of
William J. Wiatrowski
Acting Commissioner
Bureau of Labor Statistics
Friday, September 7, 2018
Nonfarm payroll employment rose by 201,000 in August, and
the unemployment rate held at 3.9 percent. Employment increased
in professional and business services, health care, wholesale
trade, transportation and warehousing, and mining.
Incorporating revisions for June and July, which decreased
nonfarm payroll employment by 50,000, monthly job gains have
averaged 185,000 over the past 3 months.
Employment in professional and business services increased
by 53,000 in August. Over the year, the industry has added
519,000 jobs.
In August, health care added 33,000 jobs. Job gains
occurred in ambulatory health care services (+21,000) and
hospitals (+8,000). Health care employment has grown by 301,000
over the year.
Employment in wholesale trade rose by 22,000 over the month
and by 99,000 over the year. Durable goods wholesalers added
14,000 jobs over the month and accounted for about two-thirds of
the over-the-year gain in wholesale trade.
Transportation and warehousing added 20,000 jobs in August.
Over the year, employment in transportation and warehousing has
increased by 173,000, with about one-third of the gain occurring
among couriers and messengers.
Mining employment increased by 6,000 in August, after
changing little in July. Since a recent low point in October
2016, mining has added 104,000 jobs, almost entirely in support
activities for mining.
Employment in construction continued to trend up in August
(+23,000) and has increased by 297,000 over the year.
In August, employment in manufacturing changed little
(-3,000). Over the year, employment in manufacturing was up by
254,000, with more than three-fourths of the gain in the durable
goods component.
Employment in other major industries--retail trade,
information, financial activities, leisure and hospitality, and
government--showed little change in August.
Average hourly earnings of all employees on private nonfarm
payrolls rose by 10 cents in August to $27.16. Over the past 12
months, average hourly earnings have increased by 2.9 percent.
From July 2017 to July 2018, the Consumer Price Index for All
Urban Consumers (CPI-U) increased by 2.9 percent (on a
seasonally adjusted basis).
Turning to data from our survey of households, the
unemployment rate remained at 3.9 percent in August, and the
number of unemployed people, at 6.2 million, was little changed.
Among the unemployed in August, 1.3 million had been
searching for work for 27 weeks or longer. These long-term
unemployed accounted for 21.5 percent of the total unemployed.
The labor force participation rate, at 62.7 percent, and
the employment-population ratio, at 60.3 percent, both declined
by 0.2 percentage point in August.
Among the employed, the number of people working part time
for economic reasons, also referred to as involuntary part-time
workers, was little changed in August at 4.4 million but was
down by 830,000 over the year.
Among those neither working nor looking for work in August,
1.4 million were considered marginally attached to the labor
force, little different from a year earlier. Discouraged
workers, a subset of the marginally attached who believed that
no jobs were available for them, numbered 434,000 in August,
also little different from a year earlier. (People who are
marginally attached to the labor force had not looked for work
in the 4 weeks prior to the survey but wanted a job, were
available for work, and had looked for a job within the last 12
months.)
In summary, nonfarm payroll employment increased by 201,000
in August, and the unemployment rate held at 3.9 percent.