Written By ESR News Blog Editor Thomas Ahearn
Private sector employment in the United States increased by 142,000 jobs in August 2014 while the unemployment rate dipped slightly to 6.1 percent and the number of unemployed persons decreased to 9.6 million, according to ‘THE EMPLOYMENT SITUATION — AUGUST 2014’ jobs report released by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). The most recent jobs report is available at http://www.bls.gov/news.release/pdf/empsit.pdf.
The August 2014 jobs report revealed the unemployment rate and the number of unemployed persons declined by 1.1 percentage points and 1.7 million respectively over the past year. Over the prior twelve months, job growth averaged 212,000 jobs per month.
The jobs report for August 2014 found employment growth in professional and business services, health care, food services and drinking places, and construction. Among specific industries, the jobs report found:
- Professional and business services employment added 47,000 jobs in August 2014 and has added 639,000 jobs over the past 12 months.
- Health care employment increased by 34,000 in August 2014 with offices of physicians and hospitals adding 8,000 jobs and 7,000 jobs respectively.
- Food services and drinking places employment within leisure and hospitality added 22,000 jobs in August 2014 and is up by 289,000 jobs over the year.
- Construction employment added 20,000 jobs in August 2014 and has averaged a monthly job gain of 18,000 jobs over the prior 12 months.
The jobs report found that employment in other major industries including manufacturing, retail trade, wholesale trade, mining and logging, transportation and warehousing, information, financial activities, and government showed little change over the month.
The August 2014 jobs report also revealed the change in total nonfarm payroll employment for June 2014 was revised from 298,000 jobs added to 267,000 jobs added and the change for July 2014 was revised from 209,000 jobs added to 212,000 jobs added. With these revisions, employment gains in June and July combined were 28,000 jobs less than previously reported.
The Employment Situation for September 2014 will be released on October 3, 2014.
Jobs Report Updates from ESR
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