October 10, 2018
Job Growth in September Despite Natural Disaster
September resulted in positive job growth with employers adding an additional 134,000 jobs—resulting in an average monthly gain of 201,000 over the past 12 months. These jobs were added across a variety of sectors including professional and business services, health care, transportation and warehousing.
The unemployment rate dropped by 0.2 of a percentage point to 3.7% in September, and the number of unemployed persons decreased by 270,000 to 6.0 million. Over the year, the unemployment rate and the number of unemployed persons declined by 0.5 percentage point and 795,000. The number of long-term unemployed (those jobless for 27 weeks or more) showed slight change at 1.4 million in September and accounted for 22.9 percent of the unemployed. Over the year, the number of people employed part time for economic reasons increased by 263,000 to 4.6 million
Job gains occurred in professional and business services (54,000), healthcare (26,000), transportation and warehousing (8,000), construction (+23,000), manufacturing (+18,000), and mining (6,000) while leisure and hospitality showed little change (-17,000). Prior to September, employment had shown an upward trend, however Hurricane Florence might have had an impact on the number of jobs for this industry. Employment in other major industries, including wholesale trade, retail trade information, financial activities and government, showed little to no change over the month.
In September, average hourly earnings for all employees on private nonfarm payrolls increased by 8 cents to $27.24. Over the course of the year, average hourly earnings had risen by 73 cents or 2.8 percent.
With the impact of Hurricane Florence affecting parts of the East Coast during the reference periods in September for the establishment and household surveys, the Bureau of Labor Statistics will be releasing the state estimates of employment and unemployment on October 19, 2018 at 10:00am (EDT).