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August 2015

Posted On09/23/2015

ContributorShirin Miller

Nelson Jobs Report
Total employment increased by 173,000 jobs in August, with job gains occurring in healthcare and social assistance, financial activities, and food services.

  •  Healthcare and social assistance added 56,000 jobs in August.
  •  In August, financial activities employment increased by 19,000, with job gains in real estate at 8,000 jobs added, and in securities, commodity contracts, and investments with 5,000 jobs added. Over the year, employment in financial activities has grown by 170,000 jobs.
  • Employment in professional and business services continued to trend up in August by 33,000 jobs and has increased by 641,000 jobs over the entire year.
  • Employment in food services and drinking places trended up in August by 26,000 jobs.

Categories that stayed the same or decreased in the month included:

  • Construction, wholesale trade, retail trade, transportation and warehousing, and government, which changed little in August.
  • Manufacturing employment, which decreased by 17,000 jobs in August. (Though within the category, there were gains in motor vehicles/parts and in miscellaneous durable goods.)
  • Mining employment fell in August.

The average workweek for employees was 34.6 hours in the month of August with the manufacturing higher at 40.8 hours. Factory overtime decreased slightly to 3.3 hours.

In August, average hourly earnings for employees rose by 8 cents to $25.09. (Hourly earnings have risen by 2.2% over the year.)

The unemployment rate edged down in August to 5.1%. The number of unemployed persons was 8.0 million.

“Without ambition one starts nothing. Without work one finishes nothing. The prize will not be sent to you. You have to win it.”
― Ralph Waldo Emerson