Economy, Unemployment

Actually, the jobs report sucked.


That big headline number translated into just 4,000 more working Americans. There were, at the same time, another 115,000 on the unemployment line. That disparity can be explained through an expanding labor force, which grew 119,000, though the participation rate among that group remained at 62.8 percent, which is just off the year’s worst level and around a 36-year low. But wait, there’s more: The jobs that were created skewed heavily toward lower quality. Full-time jobs declined by 150,000, while part-time positions increased by 77,000. There were 110,000 fewer married men at work, while married women saw their ranks shrink by 59,000.

And there was an exceedingly huge disparity between expectations and results. Just 208,000 new private sector positions, compared with the 314,000 anticipated. That’s a miss of 51% by  ADP, the firm has touted its partnership with Moody’s Analytics (who never foresaw the crash of 2008.)

Finally, there was a rather startling coincidence: That same 321,000 figure was repeated later in the report—as the total number of bar and restaurant jobs created over the past 12 months.

Yep, it sucks. If you like data, they’re all here.

Employment Situation Summary

Technical information:
 Household data:      (202) 691-6378  •  •
 Establishment data:  (202) 691-6555  •  •

Media contact:       (202) 691-5902  •

                             THE EMPLOYMENT SITUATION -- NOVEMBER 2014

Total nonfarm payroll employment increased by 321,000 in November, and the unemployment
rate was unchanged at 5.8 percent, the U.S. Bureau of Labor Statistics reported today.
Job gains were widespread, led by growth in professional and business services, retail
trade, health care, and manufacturing.

Household Survey Data

In November, the unemployment rate held at 5.8 percent, and the number of unemployed
persons was little changed at 9.1 million. Over the year, the unemployment rate and
the number of unemployed persons were down by 1.2 percentage points and 1.7 million,
respectively. (See table A-1.)

Among the major worker groups, the unemployment rate for adult men rose to 5.4 percent
in November. The rates for adult women (5.3 percent), teenagers (17.7 percent), whites
(4.9 percent), blacks (11.1 percent), and Hispanics (6.6 percent) showed little change
over the month. The jobless rate for Asians was 4.8 percent (not seasonally adjusted),
little changed from a year earlier. (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 2.8 million in November. These individuals accounted for 30.7 percent of
the unemployed. Over the past 12 months, the number of long-term unemployed declined
by 1.2 million. (See table A-12.)

The civilian labor force participation rate held at 62.8 percent in November and has
been essentially unchanged since April. The employment-population ratio, at 59.2
percent, was unchanged in November but is up by 0.6 percentage point over the year.
(See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to
as involuntary part-time workers), at 6.9 million, changed little in November. 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 November, 2.1 million persons were marginally attached to the labor force,
essentially unchanged 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 698,000 discouraged workers in November,
little different 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 1.4 million persons marginally attached
to the labor force in November 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 321,000 in November, compared with an
average monthly gain of 224,000 over the prior 12 months. In November, job growth
was widespread, led by gains in professional and business services, retail trade,
health care, and manufacturing. (See table B-1.)

Employment in professional and business services increased by 86,000 in November,
compared with an average gain of 57,000 per month over the prior 12 months. Within
the industry, accounting and bookkeeping services added 16,000 jobs in November.
Employment continued to trend up in temporary help services (+23,000), management
and technical consulting services (+7,000), computer systems design and related
services (+7,000), and architectural and engineering services (+5,000).

Employment in retail trade rose by 50,000 in November, compared with an average
gain of 22,000 per month over the prior 12 months. In November, job gains occurred
in motor vehicle and parts dealers (+11,000); clothing and accessories stores
(+11,000); sporting goods, hobby, book, and music stores (+9,000); and nonstore
retailers (+6,000).

Health care added 29,000 jobs over the month. Employment continued to trend up in
offices of physicians (+7,000), home health care services (+5,000), outpatient care
centers (+4,000), and hospitals (+4,000). Over the past 12 months, employment in
health care has increased by 261,000.

In November, manufacturing added 28,000 jobs. Durable goods manufacturers accounted
for 17,000 of the increase, with small gains in most of the component industries.
Employment in nondurable goods increased by 11,000, with plastics and rubber products
(+7,000) accounting for most of the gain. Over the year, manufacturing has added
171,000 jobs, largely in durable goods.

Financial activities added 20,000 jobs in November, with half of the gain in insurance
carriers and related activities. Over the past year, insurance has contributed 70,000
jobs to the overall employment gain of 114,000 in financial activities.

Transportation and warehousing employment increased by 17,000 in November, with a
gain in couriers and messengers (+5,000). Over the past 12 months, transportation
and warehousing has added 143,000 jobs.

Employment in food services and drinking places continued to trend up in November
(+27,000) and has increased by 321,000 over the year.

Construction employment also continued to trend up in November (+20,000). Employment in
specialty trade contractors rose by 21,000, mostly in the residential component. Over
the past 12 months, construction has added 213,000 jobs, with just over half the gain
among specialty trade contractors.

In November, the average workweek for all employees on private nonfarm payrolls rose
by 0.1 hour to 34.6 hours. The manufacturing workweek rose by 0.2 hour to 41.1 hours,
and factory overtime edged up by 0.1 hour to 3.5 hours. The average workweek for
production and nonsupervisory employees on private nonfarm payrolls was unchanged at
33.8 hours. (See tables B-2 and B-7.)

Average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents
to $24.66 in November. Over the year, average hourly earnings have risen by 2.1 percent.
In November, average hourly earnings of private-sector production and nonsupervisory
employees increased by 4 cents to $20.74. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for September was revised from +256,000
to +271,000, and the change for October was revised from +214,000 to +243,000. With
these revisions, employment gains in September and October combined were 44,000 more
than previously reported.

The Employment Situation for December is scheduled to be released on Friday,
January 9, 2015, at 8:30 a.m. (EST).

  |                                                                                  |
  |               Upcoming Changes to the Employment Situation News Release          |
  |                                                                                  |
  |Effective with the release of January 2015 data on February 6, 2015, the U.S.     |
  |Bureau of Labor Statistics will introduce several changes to The Employment       |
  |Situation news release tables.                                                    |
  |                                                                                  |
  |Household survey table A-2 will introduce seasonally adjusted series on the labor |
  |force characteristics of Asians. These series will appear in addition to the not  |
  |seasonally adjusted data for Asians currently displayed in the table. Also, in    |
  |summary table A, the seasonally adjusted unemployment rate for Asians will replace|
  |the not seasonally adjusted series that is currently displayed for the group.     |
  |                                                                                  |
  |Household survey table A-3 will introduce seasonally adjusted series on the labor |
  |force characteristics of Hispanic men age 20 and over, Hispanic women age 20 and  |
  |over, and Hispanic teenagers age 16 to 19. The not seasonally adjusted series for |
  |these groups will continue to be displayed in the table.                          |
  |                                                                                  |
  |The establishment survey will introduce two data series: (1) total nonfarm        |
  |employment, 3-month average change and (2) total private employment, 3-month      |
  |average change. These new series will be added to establishment survey summary    |
  |table B. Additionally, in the employment section of summary table B, the list     |
  |of industries will be expanded to include utilities (currently published in       |
  |table B-1). Also, hours and earnings of production and nonsupervisory employees   |
  |will be removed from summary table B, although these series will continue to be   |
  |published in establishment survey tables B-7 and B-8. A sample of the new summary |
  |table B is available on the BLS website at        |

  |                                                                                  |
  |            Revision of Seasonally Adjusted Household Survey Data                 |
  |                                                                                  |
  |In accordance with usual practice, The Employment Situation news release for      |
  |December 2014, scheduled for January 9, 2015, will incorporate annual revisions in|
  |seasonally adjusted household survey data. Seasonally adjusted data for the most  |
  |recent 5 years are subject to revision.                                           |


The PDF version of the news release 

Table of Contents 

Last Modified Date: December 05, 2014 


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