Report: The BLS Employment Situation — August 2021
In this monthly blog post we’ll report on BLS Employment Situation data as it is released, for these industries: construction, manufacturing (including durable and non-durable goods), retail trade, transportation and warehousing, real estate rental and leasing services, professional and business services (including legal services, accounting and bookkeeping services, architectural and engineering services, computer systems design and related services, and scientific research and design services, administrative and support services, and administrative support services – employment services), health care, leisure and hospitality, and government.
You can always find the full Employment Situation report on the BLS website.
Total nonfarm payroll employment rose by 235,000 in August, and the unemployment rate declined by 0.2 percentage point to 5.2 percent, the U.S. Bureau of Labor Statistics reported today. So far this year, monthly job growth has averaged 586,000. In August, notable job gains occurred in professional and business services, transportation and warehousing, private education, manufacturing, and other services. Employment in retail trade declined over the month. The number of unemployed persons edged down to 8.4 million, following a large decrease in July. Both measures are down considerably from their highs at the end of the February-April 2020 recession. However, they remain above their levels prior to the coronavirus (COVID-19) pandemic (3.5 percent and 5.7 million, respectively, in February 2020).
BLS Summaries by Industry
Construction: In August, employment showed little change in other major industries, including construction, wholesale trade, and health care.
Manufacturing: Manufacturing added 37,000 jobs in August, with gains in motor vehicles and parts (+24,000) and fabricated metal products (+7,000). Employment in manufacturing is down by 378,000 from its pre-pandemic level in February 2020.
Retail Trade: Employment in retail trade declined by 29,000 in August, with losses in food and beverage stores (-23,000) and in building material and garden supply stores (-13,000). Retail trade employment is down by 285,000 since February 2020.
Transportation and Warehousing: Transportation and warehousing added 53,000 jobs in August, bringing employment in the industry slightly above (+22,000) its pre-pandemic level in February 2020. Employment gains have been led by strong growth in couriers and messengers and in warehousing and storage, which added 20,000 jobs each in August. Air transportation also added jobs (+11,000), while transit and ground passenger transportation–which includes school buses–lost jobs (-8,000).
Real Estate Rental and Leasing Services: N/A
Professional and Business Services: Employment in professional and business services increased by 74,000 in August. Employment rose in architectural and engineering services (+19,000), computer systems design and related services (+10,000), scientific research and development services (+7,000), and office administrative services (+6,000). Since February 2020, employment in professional and business services is down by 468,000, over half of which is in temporary help services (-262,000).
Health Care: In August, employment showed little change in other major industries, including construction, wholesale trade, and health care.
Leisure and Hospitality: Employment in retail trade declined by 29,000 in August, with losses in food and beverage stores (-23,000) and in building material and garden supply stores (-13,000). Retail trade employment is down by 285,000 since February 2020.