U.S. Employment Stagnated in August

U.S. nonfarm payroll employment was unchanged (0) in August, and the unemployment rate held at 9.1 percent, the U.S. Bureau of Labor Statistics reported on September 2. Employment in most major industries changed little over the month. Health care continued to add jobs, and a decline in information employment reflected a strike. Government employment continued to trend down.

The number of unemployed persons, at 14.0 million, was essentially unchanged in August, and the unemployment rate held at 9.1 percent. The rate has shown little change since April.

Among the major worker groups, the unemployment rates for adult men (8.9 percent), adult women (8.0 percent), teenagers (25.4 percent), whites (8.0 percent), blacks (16.7 percent), and Hispanics (11.3 percent) showed little or no change in August. The jobless rate for Asians was 7.1 percent, not seasonally adjusted.

The number of long-term unemployed (those jobless for 27 weeks and over) was about unchanged at 6.0 million in August and accounted for 42.9 percent of the unemployed.

Total nonfarm payroll employment, at 131.1 million, was unchanged (0) in August. Employment changed little in most major private-sector industries.

Health care employment rose by 30,000 in August. Employment in mining continued to trend up in August (+6,000). Within professional and business services, computer systems design and related services added 8,000 jobs in August. Employment in the information industry declined by 48,000. Manufacturing employment was essentially unchanged in August (-3,000), following a gain of 36,000 in July. Elsewhere in the private sector, employment in construction; trade, transportation, and utilities; financial activities; and leisure and hospitality changed little over the month.

Government employment continued to trend down over the month (-17,000). Despite the return of about 22,000 workers from a partial government shutdown in Minnesota, employment in state government changed little in August (+5,000). Employment in local government continued to decline. Since employment peaked in September 2008, local government has lost 550,000 jobs.

The change in total nonfarm payroll employment for June was revised from +46,000 to +20,000, and the change for July was revised from +117,000 to +85,000.

U.S. Employment Stagnated in August

TradingEconomics.com, US Bureau of Labor Statistics
9/2/2011 1:38:13 PM