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U.S. Unemployment Rate for January Unchanged At 4.1%

Total nonfarm payroll employment increased by 200,000 in January, and the unemployment rate was unchanged at 4.1 percent. Employment continued to trend up in construction, food services and drinking places, health care, and manufacturing.

THE EMPLOYMENT SITUATION -- JANUARY 2018


Total nonfarm payroll employment increased by 200,000 in January, and the unemployment
rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today.
Employment continued to trend up in construction, food services and drinking places,
health care, and manufacturing.

    _______________________________________________________________________
   |                                                                       |
   |                  Changes to The Employment Situation Data             |
   |                                                                       |
   |Establishment survey data have been revised as a result of the annual  |
   |benchmarking process and the updating of seasonal adjustment factors.  |
   |Also, household survey data for January 2018 reflect updated population|
   |estimates. See the notes at the end of this news release for more      |
   |information about these changes.                                       |
   |_______________________________________________________________________|


Household Survey Data

In January, the unemployment rate was 4.1 percent for the fourth consecutive month. The
number of unemployed persons, at 6.7 million, changed little over the month. (See
table A-1. For information about annual population adjustments to the household survey
estimates, see the note at the end of this news release and tables B and C.)

Among the major worker groups, the unemployment rate for Blacks increased to 7.7 percent
in January, and the rate for Whites edged down to 3.5 percent. The jobless rates for
adult men (3.9 percent), adult women (3.6 percent), teenagers (13.9 percent), Asians
(3.0 percent), and Hispanics (5.0 percent) showed little change. (See tables A-1, A-2,
and A-3.)

The number of long-term unemployed (those jobless for 27 weeks or more) was little
changed at 1.4 million in January and accounted for 21.5 percent of the unemployed.
(See table A-12.)

The civilian labor force and total employment, as measured by the household survey,
changed little in January (after accounting for the annual adjustments to the
population controls). The labor force participation rate was 62.7 percent for the
fourth consecutive month and the employment-population ratio was 60.1 percent for the
third month in a row. (See table A-1. For additional information about the effects of
the population adjustments, see table C.)

The number of persons employed part time for economic reasons (sometimes referred to as
involuntary part-time workers) was essentially unchanged at 5.0 million in January.
These individuals, who would have preferred full-time employment, were working part time
because their hours had been cut back or because they were unable to find a full-time
job. (See table A-8.)

In January, 1.7 million persons were marginally attached to the labor force, little
changed from a year earlier. (The data are not seasonally adjusted.) These individuals
were not in the labor force, wanted and were available for work, and had looked for a
job sometime in the prior 12 months. They were not counted as unemployed because they
had not searched for work in the 4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 451,000 discouraged workers in January, little
changed from a year earlier. (The data are not seasonally adjusted.) Discouraged workers
are persons not currently looking for work because they believe no jobs are available
for them. The remaining 1.2 million persons marginally attached to the labor force in
January had not searched for work for reasons such as school attendance or family
responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment rose by 200,000 in January. Employment continued to trend
up in construction, food services and drinking places, health care, and manufacturing.
(See table B-1. For information about the annual benchmark process, see the note and
table A.)

Construction added 36,000 jobs in January, with most of the increase occurring among
specialty trade contractors (+26,000). Employment in residential building construction
continued to trend up over the month (+5,000). Over the year, construction employment
has increased by 226,000.

Employment in food services and drinking places continued to trend up in January
(+31,000). The industry has added 255,000 jobs over the past 12 months.

Employment in health care continued to trend up in January (+21,000), with a gain of
13,000 in hospitals. In 2017, health care added an average of 24,000 jobs per month.

In January, employment in manufacturing remained on an upward trend (+15,000). Durable
goods industries added 18,000 jobs. Manufacturing has added 186,000 jobs over the past
12 months.

Employment in other major industries, including mining, wholesale trade, retail trade,
transportation and warehousing, information, financial activities, professional and
business services, and government, changed little over the month.

The average workweek for all employees on private nonfarm payrolls declined by 0.2 hour
to 34.3 hours in January. In manufacturing, the workweek declined by 0.2 hour to 40.6
hours, while overtime remained at 3.5 hours. The average workweek for production and
nonsupervisory employees on private nonfarm payrolls edged down by 0.1 hour to 33.6
hours. (See tables B-2 and B-7.)

In January, average hourly earnings for all employees on private nonfarm payrolls rose
by 9 cents to $26.74, following an 11-cent gain in December. Over the year, average
hourly earnings have risen by 75 cents, or 2.9 percent. Average hourly earnings of
private-sector production and nonsupervisory employees increased by 3 cents to $22.34
in January. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for November was revised down from
+252,000 to +216,000, and the change for December was revised up from +148,000 to
+160,000. With these revisions, employment gains in November and December combined
were 24,000 less than previously reported. (Monthly revisions result from additional
reports received from businesses and government agencies since the last published
estimates and from the recalculation of seasonal factors. The annual benchmark process
also contributed to the November and December revisions.) After revisions, job gains
have averaged 192,000 over the last 3 months.

_____________
The Employment Situation for February is scheduled to be released on Friday,
March 9, 2018, at 8:30 a.m. (EST).


    _________________________________________________________________________________
   |                                                                                |
   |                  Partial Federal Government Shutdown                           |
   |                                                                                |
   |Due to a lapse in funding, some agencies of the federal government were shut    |
   |down or were operating at reduced staffing levels from January 20, 2018,        |
   |through January 22, 2018.                                                       |
   |                                                                                |
   |All household data collection was suspended during the shutdown. Household      |
   |survey data collection resumed on January 23, 2018, and was conducted through   |
   |January 26, 2018, to allow for the usual number of collection days. The         |
   |response rate for the household survey in January 2018 was slightly below the   |
   |average rate for 2017.                                                          |
   |                                                                                |
   |In the establishment survey, collection of data by interviewers was suspended   |
   |on January 22, 2018, and resumed on January 23, 2018. Electronic data collection|
   |was not interrupted. Collection rates for the establishment survey for this     |
   |collection period were within the normal range.                                 |
   |                                                                                |
   |Overall, there were no discernible effects on the national unemployment rate    |
   |and other major household survey measures, or on the estimates of total         |
   |nonfarm payroll employment, for the month of January.                           |
   |________________________________________________________________________________|


                            Revisions to Establishment Survey Data                    
                                                                
                                                                
In accordance with annual practice, the establishment survey data released today have
been benchmarked to reflect comprehensive counts of payroll jobs for March 2017. These
counts are derived principally from the Quarterly Census of Employment and Wages (QCEW),
which counts jobs covered by the Unemployment Insurance (UI) tax system.

In addition, the data were updated to the 2017 North American Industry Classification
System (NAICS) from the 2012 NAICS. This update resulted in minor changes to several
detailed industries. The normal benchmark process revises not seasonally adjusted data
from April 2016 forward and seasonally adjusted data from January 2013 forward. However,
some data were also revised further back in their history than normal due to the
implementation of 2017 NAICS and other minor technical changes related to rounding and
re-aggregation of some series.

The total nonfarm employment level for March 2017 was revised upward by 146,000 (+138,000
on a not seasonally adjusted basis, or +0.1 percent). On a not seasonally adjusted basis,
the average absolute benchmark revision over the past 10 years is 0.2 percent.

The effect of these revisions on the underlying trend in nonfarm payroll employment
was minor. For example, the over-the-year change in total nonfarm employment for 2017
was revised from +2,055,000 to +2,173,000 (seasonally adjusted). Table A presents
revised total nonfarm employment data on a seasonally adjusted basis from January to
December 2017.

All revised historical establishment survey data are available on the BLS website at
www.bls.gov/ces/data.htm. In addition, an article that discusses the benchmark and
post-benchmark revisions and other technical issues is available at
www.bls.gov/web/empsit/cesbmart.htm.


Table A. Revisions in total nonfarm employment, January-December 2017, seasonally
adjusted
(Numbers in thousands)
---
                 |                                    |                                
                 |                Level               |      Over-the-month change     
                 |-
 Year and month  |    As     |           |            |    As    |         |           
                 |previously |    As     | Difference |previously|   As    | Difference
                 |published  |  revised  |            |published | revised |           
---
                 |           |           |            |          |         |           
          2017   |           |           |            |          |         |           
                 |           |           |            |          |         |           
 January.........|  145,541  |  145,696  |     155    |    216   |    259  |      43   
 February........|  145,773  |  145,896  |     123    |    232   |    200  |     -32   
 March...........|  145,823  |  145,969  |     146    |     50   |     73  |      23   
 April...........|  146,030  |  146,144  |     114    |    207   |    175  |     -32   
 May.............|  146,175  |  146,299  |     124    |    145   |    155  |      10   
 June............|  146,385  |  146,538  |     153    |    210   |    239  |      29   
 July............|  146,523  |  146,728  |     205    |    138   |    190  |      52   
 August..........|  146,731  |  146,949  |     218    |    208   |    221  |      13   
 September.......|  146,769  |  146,963  |     194    |     38   |     14  |     -24   
 October.........|  146,980  |  147,234  |     254    |    211   |    271  |      60   
 November........|  147,232  |  147,450  |     218    |    252   |    216  |     -36   
 December (p)....|  147,380  |  147,610  |     230    |    148   |    160  |      12   
---
 
 (p) = preliminary.


                  Adjustments to Population Estimates for the Household Survey


Effective with data for January 2018, updated population estimates were incorporated into
the household survey. Population estimates for the household survey are developed by the
U.S. Census Bureau. Each year, the Census Bureau updates the estimates to reflect new
information and assumptions about the growth of the population since the previous
decennial census. The change in population reflected in the new estimates results from
adjustments for net international migration, updated vital statistics, and estimation
methodology improvements.

In accordance with usual practice, BLS will not revise the official household survey
estimates for December 2017 and earlier months. To show the impact of the population
adjustments, however, differences in selected December 2017 labor force series based on
the old and new population estimates are shown in table B.

The adjustments increased the estimated size of the civilian noninstitutional population
in December by 488,000, the civilian labor force by 333,000, employment by 318,000, and
unemployment by 15,000. The number of persons not in the labor force was increased by
154,000. The total unemployment rate, employment-population ratio, and labor force
participation rate were unaffected.

Data users are cautioned that these annual population adjustments can affect the
comparability of household data series over time. Table C shows the effect of the
introduction of new population estimates on the comparison of selected labor force
measures between December 2017 and January 2018. Additional information on the
population adjustments and their effect on national labor force estimates is available
at www.bls.gov/web/empsit/cps-pop-control-adjustments.pdf


Table B. Effect of the updated population controls on December 2017 estimates by sex,
race, and Hispanic or Latino ethnicity, not seasonally adjusted
(Numbers in thousands)
______________________________________________________________________________________
                              |      |     |      |       |        |      |           
                              |      |     |      |       |  Black |      |           
                              |      |     |      |       |    or  |      |  Hispanic 
            Category          |Total | Men | Women| White | African| Asian| or Latino 
                              |      |     |      |       |American|      | ethnicity 
                              |      |     |      |       |        |      |           
______________________________|______|_____|______|_______|________|______|___________
                              |      |     |      |       |        |      |           
  Civilian noninstitutional   |      |     |      |       |        |      |           
   population.................|  488 | 296 |  192 |  194  |   104  |  171 |     328   
    Civilian labor force......|  333 | 228 |  106 |  141  |    70  |  111 |     242   
      Participation rate......|  0.0 | 0.1 |  0.0 |  0.0  |   0.0  |  0.1 |     0.0   
     Employed.................|  318 | 219 |  100 |  132  |    66  |  109 |     230   
      Employment-population   |      |     |      |       |        |      |           
       ratio..................|  0.0 | 0.0 |  0.0 |  0.0  |   0.1  |  0.0 |     0.1   
     Unemployed...............|   15 |   9 |    5 |    8  |     3  |    2 |      12   
      Unemployment rate.......|  0.0 | 0.0 |  0.0 |  0.0  |   0.0  |  0.0 |     0.0   
    Not in labor force........|  154 |  67 |   86 |   54  |    35  |   60 |      86   
______________________________________________________________________________________

   NOTE: Detail may not sum to totals because of rounding. Estimates for the above
race groups (White, Black or African American, and Asian) do not sum to totals because
data are not presented for all races. Persons whose ethnicity is identified as Hispanic
or Latino may be of any race.


Table C. December 2017-January 2018 changes in selected labor force measures,
with adjustments for population control effects
(Numbers in thousands)
______________________________________________________________________________
                                       |           |            |             
                                       |           |            |  Dec.-Jan.  
                                       | Dec.-Jan. |    2018    |   change,   
                                       |  change,  | population |   after     
                Category               |    as     |   control  | removing the
                                       | published |   effect   |  population 
                                       |           |            |   control   
                                       |           |            |  effect (1) 
_______________________________________|___________|____________|_____________
                                       |           |            |             
  Civilian noninstitutional population.|    671    |    488     |      183    
    Civilian labor force...............|    518    |    333     |      185    
      Participation rate...............|    0.0    |    0.0     |      0.0    
     Employed..........................|    409    |    318     |       91    
      Employment-population ratio......|    0.0    |    0.0     |      0.0    
     Unemployed........................|    108    |     15     |       93    
      Unemployment rate................|    0.0    |    0.0     |      0.0    
    Not in labor force.................|    153    |    154     |       -1    
                                       |           |            |             
______________________________________________________________________________
                                                                              
   1 This Dec.-Jan. change is calculated by subtracting the population 
control effect from the over-the-month change in the published seasonally
adjusted estimates.
   NOTE: Detail may not sum to totals because of rounding.



Posted by on February 2, 2018.

Categories: Trends

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