October 05, 2018
The Bureau of Labor Statistics reported that, “Total nonfarm payroll employment increased by 134,000 in July, and the unemployment rate fell to 3.7%. Job growth occurred in professional and business services, in health care and in transportation and warehousing.”
Household Survey Data
According to available seasonally adjusted data, in September, there was decrease in the unemployment rate by 0.2% percentage point to 3.7%. Notably, there were 6.0 million recorded for the number of unemployed persons, a decline of 270,000.
Among the major worker groups, teenagers had the highest unemployment rates (12.8 percent). As for the groups, adult men (3.4 percent) and Whites (3.3 percent) declined in September. While, there was little change over the month for adult women (3.3 percent), teenagers (12.8 percent), Blacks (6.0 percent), Asians (3.5 percent) and Hispanics (4.5 percent).
In September, the persons who have been jobless for 27 weeks or more was a little changed at 1.4 million accounting for 22.9 percent of those unemployed.
Establishment Survey Data
Over the last 12 months, there was an increase in September by 134,000 in the total nonfarm payroll employment. In relation to job being gained, in professional and business services there was an increase of 54,000 and rose by 560,000 over the year. As for manufacturing, in September, 278,000 jobs were available. Health care employment rose by 26,000 as Hospitals added 12,000 jobs. Over the year, health care employment has increased by 302,000.
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