US EMPLOYMENT SITUATION SUMMARY DEC 2018 - www.intellovision.com
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US EMPLOYMENT SITUATION SUM M ARY D E C 2018 www.in tello v is io n .co m
Overview
In December 2018, the U.S. Bureau of Labor Statistics released its monthly jobs report which included a
headline number of 3.9% unemployment and total nonfarm payroll employment increased by 312,000. In
December’18, job gains occurred in health care, manufacturing, retail trade.
In December 2018, average hourly earnings for all employees on private nonfarm payrolls rose by 11 cents to
$27.48 and over the year, average hourly earnings have increased by 84 cents, or 3.2 percent.
TOTAL NONFARM PAYROLL EMPLOYMENT UNEMPLOYED RATE
(Thousand) 3 Yrs. Changes (%)
150263
5.0%
149951
4.7% 4.1%
149738
3.9%
Oct-18 Nov-18 Dec-18 Dec-15 Dec-16 Dec-17 Dec-18
TOTAL EMPLOYED vs. UNEMPLOYED JOB ADDED BY MAJOR INDUSTRY
(Thousand) (Thousand)
MANUFACTURING 32000
Unemployment TRADE, TRANSPORTATION &
UTILITIES 54000
Rate 6294
3.9% PROFESSIONAL & BUSINESS
156945 SERVICES 53000
EDUCATION & HEALTH
SERVICES 74000
Employed Unemployed
Source: www.bls.gov www.intellovision.com
Household Survey
In December 2018 , the number of unemployed person stood 6.3 million. Over the year, unemployed rate and
total number of unemployed person declined by 0.2% and 281,000 respectively. Long term unemployed
(those jobless for 15 weeks or more) declined by 5.3% to 2.20 million over the year.
In December 2018, the labor force participation rate at 63.1%, and the employment-population ratio was
60.6% increased by 0.5% over the year. Total involuntary part-time worker become 4.7 million decreased by
145,000.
DURATION OF UNEMPLOYMENT EMPLOYED BY CLASS OF WORKER
(Thousand) Non Agriculture Sector (%)
9000
6% 13%
6000
154495
3000 THOUSAND
0
81%
Dec-15 Dec-16 Dec-17 Dec-18
Less than 5 week 5 to 14 week More than 15 week GOVERNMENT PRIVATE INDUSTRIES SELF-EMPLOYED
PARTICIPATION RATE vs. E/P RATIO REASON FOR UNEMPLOYMENT
(%) (Thousand)
64% 3500
62.7%
63.1% 2903
3000
63%
62.7%
62.7% 2500
62%
1958
2000
61% 60.6%
59.8% 1500
60% 59.7%
60.1%
1000 839
588
59%
500
Dec-15 Dec-16 Dec-17 Dec-18
Labor force participation rate 0
Employment-population ratio Job losers Job leavers Reentrants New entrants
Source: www.bls.gov www.intellovision.com
Establishment Survey
In December 2018 , private sector contribute 343,000 new jobs and job gains occurred in health care,
manufacturing, and transportation & warehousing. Education & Health services added 74,000 jobs in
December’18 and manufacturing added 32,000 jobs.
The average workweek for all employees on private nonfarm payrolls increased by 0.1 hour to 34.5 hours in
December. Average hourly earnings in financial activities and in information sector become $35.45 and
$41.02 respectively.
EMPLOYMENT CHANGES BY INDUSTRY
(Monthly in Thousand) 26271
Manufacturing 32
Mining and 33718
4
logging EMPLOYED BY
Trade, utilities and
54
63642 OCCUPATION
Transportation (Thousand)
Professional and
business services 53
14439
Information 1 18412
Education and
Health Services 74
Management, professional & related occupations
Leisure and
Hospitality 69 Service occupations Sales and office occupations
Natural ressource, construction & maintenance occupations
0 20 40 60 80 Production, transportation & material moving occupations
WEEKLY EARNINGS PRIVARE AVERAGE WEEKLY HOURS AND AVERAGE
NONFARM PAYROLLS 50 HOURLY EARNINGS
$948.06
40
Hours
30
$919.08
$
20
Dec-17 Dec-18 $15.0 $20.0 $25.0 $30.0 $35.0 $40.0 $45.0
Leisure and Hospitality Education & Health Services
Professional & Business Services Information
Mining and Logging Financial activities
Source: www.bls.gov www.intellovision.comCompany Overview
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