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Employment & Job Indicators Released – AEC & Manufacturing Carry Job Gains
United States Of America – The unemployment rate fell to 3.5 percent in July, with 5.7 million people out of work. Total nonfarm payroll employment rose by 528,000.
In July, the number of long-term unemployed dropped to 1.2 million, which is 129,000 fewer than it was in February 2020.
There were 791,000 temporary layoffs in July, unchanged from the previous month.
Since reaching a low in April 2020, total nonfarm employment has increased by 22.0 million and returned to its pre-pandemic level. Employment in the private sector is 629 thousand greater than it was in February 2020, however certain industries have yet to recover.
Government employment is 597,000 fewer than it was prior to the epidemic.
The number of people employed in professional and business services increased by 89,000 in July.
Management of companies and enterprises (+3000), architectural and engineering services (+3000), management and technical consulting services (+12,000), and scientific research and development services (+10,000) all saw increases in employment.
The employment rate in professional and business services has increased by 986,000 since February 2020.
Construction employment increased by 32,000 in July, with specialty trade contractors adding 22,000 positions.
Construction employment has increased by 82,000 since February 2020.
In July, manufacturing employment increased by 30 000. Employment in industries producing durable goods increased by 21,000, with gains in semiconductors and electronic components (+4,000) and other durable goods (+4,000). Employment in manufacturing is 41,000 higher than its level in February 2020.
Line Item | |||
Construction | 7,674 | 7,706 | 32 |
---|---|---|---|
Construction of buildings | 1,707.9 | 1,715.7 | 7.8 |
Residential building | 898.8 | 901.7 | 2.9 |
Nonresidential building | 809.1 | 814.0 | 4.9 |
Heavy and civil engineering construction | 1,078.2 | 1,081.3 | 3.1 |
Specialty trade contractors | 4,887.8 | 4,909.3 | 21.5 |
Residential specialty trade contractors | 2,256.0 | 2,267.2 | 11.2 |
Nonresidential specialty trade contractors | 2,631.8 | 2,642.1 | 10.3 |
Mining and logging | 628 | 635 | 7 |
---|---|---|---|
Logging | 44.8 | 44.9 | 0.1 |
Mining | 583.3 | 590.5 | 7.2 |
Oil and gas extraction | 140.0 | 142.2 | 2.2 |
Mining, except oil and gas | 180.1 | 180.7 | 0.6 |
Coal mining | 38.3 | 38.7 | 0.4 |
Metal ore mining | 43.1 | 42.9 | -0.2 |
Nonmetallic mineral mining and quarrying | 98.7 | 99.1 | 0.4 |
Support activities for mining | 263.2 | 267.6 | 4.4 |
Manufacturing | 12,796 | 12,826 | 30 |
---|---|---|---|
Durable goods | 7,935 | 7,956 | 21 |
Wood products | 431.6 | 431.8 | 0.2 |
Nonmetallic mineral products | 411.8 | 412.8 | 1.0 |
Primary metals | 360.9 | 363.0 | 2.1 |
Fabricated metal products | 1,435.4 | 1,439.6 | 4.2 |
Machinery | 1,092.9 | 1,096.3 | 3.4 |
Building material and garden supply stores | 1,393.8 | 1,395.6 | 1.8 |
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Architectural and engineering services | 1,631.2 | 1,643.7 | 12.5 |
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Management and technical consulting services | 1,755.3 | 1,767.1 | 11.8 |
---|---|---|---|
Scientific research and development services | 885.7 | 895.3 | 9.6 |
Services to buildings and dwellings | 2,186.9 | 2,191.3 | 4.4 |
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Repair and maintenance | 1,422.0 | 1,422.1 | 0.1 |
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Waste management and remediation services | 474.8 | 477.3 | 2.5 |
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Administrative and waste services | 9,479.1 | 28.9 |
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