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19-1408-PHI
Wednesday, July 31, 2019

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Richmond Area Employment — June 2019

Local Rate of Employment Close to National Average

Total nonfarm employment for the Richmond Metropolitan Statistical Area stood at 692,900 in June 2019, up 10,600, or 1.6 percent, over the year, the U.S. Bureau of Labor Statistics reported today. During the same period, the national job count increased 1.5 percent. Sheila Watkins, the Bureau’s regional commissioner, noted that the June increase marked 108 consecutive months 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, education and health services had the largest employment gain from June 2018 to June 2019, adding 2,400 jobs. The recent advance represented a 2.4-percent rate of job growth over the year in the local area, close to the nationwide advance of 2.6 percent for this industry.

From June 2018 to June 2019, two other local supsersectors each added more than 2,000 jobs: professional and business services and government. Locally, the rate of job growth in professional and business services (2.0 percent) was close to that of the nation (2.2 percent), while government growth (1.9 percent) was over three times the national job growth rate (0.6 percent). (See chart 2.)

No supersector in the Richmond area had an employment decrease that exceeded 1,000 jobs.

Metropolitan area employment data for July 2019 are scheduled to be released on Friday, August 16, 2019, 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 2017 version of the North American Industry Classification System.

Method of estimation. CES State and Area employment data are produced using several estimation procedures. Where possible these data are produced using a "weighted link relative" estimation technique in which a ratio of current-month weighted employment to that of the previous-month weighted employment is computed from a sample of establishments reporting for both months. The estimates of employment for the current month are then obtained by multiplying these ratios by the previous month's employment estimates. The weighted link relative technique is utilized for data series where the sample size meets certain statistical criteria.

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 the total private employment series are available for metropolitan areas and metropolitan divisions at www.bls.gov/sae/790stderr.htm. Measures of sampling error for more detailed series at the area and division level are available upon request. Measures of sampling error for states down to the supersector level are available on the BLS website at www.bls.gov/sae/790stderr.htm. Measures of nonsampling error are not available for the areas contained in this release. Information on recent benchmark revisions is available online at www.bls.gov/web/laus/benchmark.pdf.

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 April 10, 2018. A detailed list of the geographic definitions is available at www.bls.gov/lau/lausmsa.htm.

The Richmond, VA Metropolitan Statistical Area 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.

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 BLS website 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: (800) 877-8339.

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
2018
Apr
2019
May
2019
Jun
2019(1)
Jun 2018 to
Jun 2019(1)
Net
change
Percent
change

United States

Total nonfarm

150,062 150,938 151,600 152,307 2,245 1.5

Mining and logging

740 747 754 763 23 3.1

Construction

7,497 7,380 7,543 7,697 200 2.7

Manufacturing

12,772 12,778 12,815 12,932 160 1.3

Trade, transportation, and utilities

27,660 27,558 27,692 27,844 184 0.7

Information

2,847 2,796 2,794 2,813 -34 -1.2

Financial activities

8,628 8,607 8,635 8,711 83 1.0

Professional and business services

21,133 21,333 21,393 21,595 462 2.2

Education and health services

23,439 24,308 24,213 24,051 612 2.6

Leisure and hospitality

17,051 16,575 16,965 17,396 345 2.0

Other services

5,934 5,925 5,955 6,007 73 1.2

Government

22,361 22,931 22,841 22,498 137 0.6

Richmond Metropolitan Statistical Area

Total Nonfarm

682.3 683.7 684.5 692.9 10.6 1.6

Mining, logging, & construction

39.9 39.7 40.0 40.7 0.8 2.0

Manufacturing

32.1 32.5 32.6 32.6 0.5 1.6

Trade, transportation, & utilities

123.4 121.7 122.9 123.7 0.3 0.2

Information

7.5 6.9 7.0 7.0 -0.5 -6.7

Financial activities

50.9 52.6 52.5 52.8 1.9 3.7

Professional & business services

116.7 117.2 117.5 119.0 2.3 2.0

Educational & health services

98.2 99.7 99.4 100.6 2.4 2.4

Leisure & hospitality

70.1 66.0 67.0 70.3 0.2 0.3

Other services

32.7 32.8 33.0 33.3 0.6 1.8

Government

110.8 114.6 112.6 112.9 2.1 1.9

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

 

Last Modified Date: Wednesday, July 31, 2019