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Statement of
Erica L. Groshen
Commissioner
Bureau of Labor Statistics
Friday, October 3, 2014
Nonfarm payroll employment rose by 248,000 in September,
and the unemployment rate declined to 5.9 percent. Employment
increased in professional and business services, retail trade,
and health care.
Incorporating the revisions for July and August, which
increased total nonfarm payroll employment by 69,000 on net,
monthly job increases have averaged 224,000 over the past 3
months. In the 12 months prior to September, employment growth
averaged 213,000 per month.
Professional and business services added 81,000 jobs in
September, compared with an average monthly gain of 56,000 over
the prior 12 months. In September, job gains occurred in
employment services (+34,000), management and technical
consulting services (+12,000), and architectural and engineering
services (+6,000).
Retail trade employment rose by 35,000 in September. Most
of the increase occurred in food and beverage stores (+20,000),
largely reflecting the return of workers who had been off
payrolls in August due to employment disruptions at a grocery
store chain in New England. Over the year, retail trade
employment has increased by 264,000.
Employment in health care increased by 23,000 in September.
Over the month, job gains occurred in home health care services
(+7,000) and in hospitals (+6,000). Over the year, health care
has added 256,000 jobs.
In September, the information industry added 12,000 jobs,
with a gain of 5,000 in telecommunications. Over the year,
employment in information has shown little net change.
Among other service-providing industries, employment in
food services and drinking places and in financial activities
continued to trend up in September (+20,000 and +12,000,
respectively).
In the goods-producing sector, mining employment rose by
9,000 in September and is up by 50,000 over the year.
Construction employment continued on an upward trend in
September (+16,000). Within the industry, residential building
gained 6,000 jobs. Over the year, construction employment has
grown by 230,000. Employment in manufacturing showed little
change over the month.
Average hourly earnings of all employees on private nonfarm
payrolls were little changed at $24.53 in September (-1 cent),
following an increase of 8 cents in August. Over the 12 months
ending in September, average hourly earnings grew by 2.0
percent. From August 2013 to August 2014, the Consumer Price
Index for All Urban Consumers (CPI-U) increased by 1.7 percent.
Turning to measures from the survey of households, the
unemployment rate declined in September by 0.2 percentage point
to 5.9 percent. Over the year, the jobless rate is down by 1.3
percentage points.
In September, there were 9.3 million unemployed persons, a
decrease of 329,000 from August. The number of long-term
unemployed (those unemployed 27 weeks or more) was essentially
unchanged over the month, at 3.0 million.
The labor force participation rate, at 62.7 percent,
changed little in September. The employment-population ratio
remained at 59.0 percent; it has been at this level for 4
consecutive months.
Among the employed, the number of people working part time
for economic reasons was little changed at 7.1 million in
September. (These individuals, also referred to as involuntary
part-time workers, would have preferred full-time employment,
but had their hours cut or were unable to find full-time work.)
Among people who were neither working nor looking for work
in September, 2.2 million were classified as marginally attached
to the labor force, about unchanged over the year. (These
individuals 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.) The number of discouraged
workers, a subset of the marginally attached who believed that
no jobs were available for them, was 698,000 in September, a
decline of 154,000 over the year.
In summary, nonfarm payroll employment increased by 248,000
in September, and the unemployment rate declined to 5.9 percent.