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September Jobs Report
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The Labor Market Situation in September
October 6, 2014
Dr. Heidi Shierholz Chief Economist
UNITED STATES DEPARTMENT OF LABOR
1 1 Filename/RPS Number Office of Economic Policy 1
Total nonfarm employment increased 248,000
1-month change, in thousands
• September 2014 248
• August 2014 180
• July 2014 243
12-month change, in thousands
• September 2013 to 2014: 2,635
• Average: 220
Source: Bureau of Labor Statistics, Current Employment Statistics www.bls.gov/ces
2 2 Filename/RPS Number Office of Economic Policy 2
Private sector employment increased 236,000
1-month change, in thousands
• September 2014 236
• August 2014 175
• July 2014 239
12-month change, in thousands
• September 2013 to 2014: 2,588
• Average: 216
Source: Bureau of Labor Statistics, Current Employment Statistics www.bls.gov/ces
3 3 Filename/RPS Number Office of Economic Policy 3
Employment growth by super-sector this month
Over-the-month employment change, September 2014, seasonally adjusted, in thousands
Source: Bureau of Labor Statistics, Current Employment Statistics www.bls.gov/ces
0.4%
0.2%
0.2%
0.1%
0.3%
0.1%
0.2%
0.4%
1.0%
0.0%
0.0%
0.0%
0.0%
-0.4% -2
0
2
2
4
9
12
12
12
16
32
33
35
81
-15.0 0.0 15.0 30.0 45.0 60.0 75.0 90.0
Utilities
Other Services
Wholesale Trade
Transportation and Warehousing
Manufacturing
Mining and Logging*
Information*
Financial Activities
Government
Construction
Education and Health Services
Leisure and Hospitality
Retail Trade*
Professional and Business Services*
September 2013, seasonally adjusted, in thousands
1-Month Net Change
Prior 12-month average
Source: Bureau of Labor Statistics, Current Employment Statistics, bls.gov/ces
*denotes significance*denotes significance
4 4 Filename/RPS Number Office of Economic Policy 4
Unemployment dropped significantly, Long-term unemployment was unchanged,
Civilian unemployment rate, by duration of unemployment, January 1990 to September 2014, seasonally adjusted
Source: Bureau of Labor Statistics, Current Population Survey www.bls.gov/cps
4.4
1.9
6.8
4.0
10.0
5.9
5 5 Filename/RPS Number Office of Economic Policy 5
Labor force participation essentially unchanged
August 2014: 62.7 %
August 2014: 62.8 %
July 2014: 62.9 %
September 2013: 63.2 %
Source: Bureau of Labor Statistics, Current Population Survey www.bls.gov/cps
Civilian Labor Force Participation Rate, January 1990 to September 2014, seasonally adjusted
6 6 Filename/RPS Number Office of Economic Policy 6
Employment rate age 25 to 54, essentially flat this month significantly up from September 2013
September 2014: 76.7 %
August 2014: 76.8 %
July 2014: 76.6 %
September 2013: 75.9 %
Employment-to-population ratio, age 25 to 54 January 1990 to September 2014, seasonally adjusted
Source: Bureau of Labor Statistics, Current Population Survey www.bls.gov/cps
7 7 Filename/RPS Number Office of Economic Policy 7
What’s going on with part-time employment?
Part time for economic and noneconomic reasons, as a percent of total employment, seasonally adjusted, 2004 to 2014
Source: Bureau of Labor Statistics, Current Population Survey www.bls.gov/cps
8 8 Filename/RPS Number Office of Economic Policy 8
2.2 million jobseekers found employment, but the same number gave up looking for work.
Labor Force Status Flows out of Unemployment, January 1990 to September 2014, seasonally adjusted
Source: Bureau of Labor Statistics, Current Population Survey www.bls.gov/cps
9 9 Filename/RPS Number Office of Economic Policy 9
Hourly earnings have remained flat
Average hourly earnings, all private sector employees, January 2007 to September 2014, seasonally adjusted
Source: Bureau of Labor Statistics, Current Employment Statistics, www.bls.gov/ces
10 10 Filename/RPS Number Office of Economic Policy 10
Latino Heritage month!
Source: Bureau of Labor Statistics, Current Population Survey, www.bls.gov/cps
Total Hispanic or
Latino
Non-Hispanic
or Latino
Labor force by age 100.0% 100.0% 100.0%
16 to 24 13.8% 17.8% 13.0%
25 to 54 64.9% 70.6% 63.8%
55+ 21.4% 11.6% 23.2%
Education of labor force (age 25+) 100.0% 100.0% 100.0%
Less than High School 8.2% 28.6% 4.6%
High School, no college 27.1% 30.7% 26.5%
Some college / Associates Degree 27.8% 22.8% 28.7%
Bachelors Degree or higher 36.8% 17.9% 40.2%
% foreign-born in labor force 16.3% 48.9% 10.1%
11 11 Filename/RPS Number Office of Economic Policy 11
Civilian unemployment rate, by race and ethnicity, January 1990 to September 2014, seasonally adjusted
Source: Bureau of Labor Statistics, Current Population Survey www.bls.gov/cps
Latino Heritage month!
12 12 Filename/RPS Number Office of Economic Policy 12
Part time for economic reasons, by race and ethnicity, percent of total at work, 12-month moving average, January 2001 to September 2014,
Source: Bureau of Labor Statistics, Current Population Survey www.bls.gov/cps
Latino Heritage month!
13 13 Filename/RPS Number Office of Economic Policy 13
Over-the-year employment growth by super-sector Hispanic or Latino
Over-the-year employment change, Hispanic or Latino, by industry September 2013 to September 2014, not seasonally adjusted, in thousands
Source: Bureau of Labor Statistics, Current Population Survey, www.bls.gov/cps *denotes significance
11.4%
6.3%
8.3%
12.6%
3.4%
12.6%
2.7%
4.3%
3.8%
1.2%
2.4%
-12.6%
-20.9% -49
-49
14
32
40
56
66
73
100
150
205
233
274
-270 -180 -90 0 90 180 270
Mining, quarrying, and oil and gas extraction*
Information
Wholesale trade
Professional and business services
Financial activities
Other services
Manufacturing
Agriculture, forestry, fishing, and hunting
Leisure and hospitality
Transportation and utilities*
Retail trade*
Education and health services*
Construction*
Over-the-year employment change, Hispanic or Latino, by industry, September 2013 to September 2014, not seasonally adjusted, in thousands
in thousands
14 14 Filename/RPS Number Office of Economic Policy 14
Latino Heritage month!
Source: U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplements
Real median earnings of full-time year-round workers, by race and ethnicity 1974 to 2013, in 2013 inflation-adjusted dollars
Dr. Heidi Shierholz Chief Economist
UNITED STATES DEPARTMENT OF LABOR