November employment by category

The charts below show employment by category. The blue line is total employment in the category, the orange bar is monthly change and the red line is the linear regression in the last two years.

Total payroll increased 211k in November, after a 298k growth in October (which was revised up from 271k). The trend for the last 6 months slowed from 280k/month by the end of last year to 213k in the 6 months to November.

Private payroll increased 197k in November, after 304k growth in October (revised up from 268k). The trend for the last 6 months slowed from 270k/month by the end of last year to 201k in the 6 months to November.

Most of the slowdown in the pace of job creation was concentrated in the goods producing sector (mining and manufacturing); construction jobs are doing ok and the the services sector has, so far, not being affected by manufacturing slowdown. Overall, the 6-month pace of job creation in the goods sector slowed from 50k (at the end of last year) to close to zero, while in the services sector it slowed from 220k to 194k in the same comparison.

Employment categories

  • Total nonfarm
    • Total private
      • Goods-producing
        • Mining and logging
        • Construction
        • Manufacturing
      • Private service-providing
        • Trade, transportation, and utilities
          • Wholesale trade
          • Retail trade
          • Transportation and warehousing
          • Utilities
        • Information
        • Financial activities
        • Professional and business services
          • Temporary help services
        • Education and health services
          • Educational services
          • Health care and social assistance
        • Leisure and hospitality
        • Other services
    • Government

Charts

Total nonfarm (trend from 242.7 to 242.1 to 241.7/m)

Total private (trend from 235.6 to 235.0 to 234.5/m)

Goods-producing (trend from 34.8 to 32.4 to 30.4/m)

Mining and logging (trend from -1.1 to -1.5 to -2.0/m)

Construction (trend from 22.4 to 21.8 to 21.7/m)

Manufacturing (trend from 14.1 to 13.0 to 12.0/m)

Private service-providing (trend from 200.8 to 202.6 to 204.1/m)

Wholesale trade (trend from 7.9 to 7.8 to 7.5/m)

Retail trade (trend from 24.0 to 23.9 to 24.2/m)

Transportation and warehousing (trend from 12.4 to 12.1 to 11.4/m)

Utilities (trend from 0.7 to 0.7 to 0.8/m)

Information (trend from 3.9 to 3.8 to 3.9/m)

Financial activities (trend from 11.6 to 11.8 to 12.2/m)

Professional and business services (trend from 53.7 to 54.2 to 54.4/m)

Temporary help services (trend from 11.9 to 11.7 to 11.2/m)

Educational services (trend from 4.2 to 4.1 to 4.4/m)

Health care and social assistance (trend from 39.1 to 40.9 to 42.3/m)

Leisure and hospitality (trend from 37.1 to 37.1 to 37.3/m)

Other services (trend from 6.2 to 6.1 to 5.8/m)

Government (trend from 7.0 to 7.1 to 7.2/m)

Dr. Paulo Gustavo Grahl, CFA (2015-12-04)