(embargoed until august 18, 2017) summary...review and analysis for july 2017 (embargoed until...

13
For more information, contact: Barbara Hersh Marketing and Comm. Director 401 S.W. Topeka Blvd Topeka, KS 66603 Phone: 785-296-0901 Fax: 785-296-0753 Review and Analysis for July 2017 (Embargoed until August 18, 2017) Summary 1 June nonfarm job estimates were revised downward by 3,600 jobs from 1,403,400 to 1,399,800. Private sector jobs were revised downward by 2,100 jobs from 1,147,500 to 1,145,400. Estimates are seasonally adjusted. Kansas gained 1,300 jobs over the month. Over the past 12 months, the number of nonfarm jobs decreased by 10,800 jobs. Estimates are seasonally adjusted. The private sector lost 1,200 jobs over the month, or 0.1%. The largest losses were in Leisure and Hospitality (-2,000) and Trade, Transportation and Utilities (-1,200). Over the past 12 months, the private sector lost 12,100 jobs. Estimates are seasonally adjusted. Average weekly hours worked in the private sector increased over the year from 33.8 hours to 34.6 hours in July 2017. Average nominal hourly earnings increased by $0.40 to $23.09 (+1.8%). Average nominal weekly earnings increased by $31.99 (+4.2%) over the past 12 months. Estimates are not seasonally adjusted. In July the labor force decreased by 179, the pool of unemployed increased by 1,007 and employment decreased by 1,186. Estimates are seasonally adjusted. The unemployment rate remained at 3.7% in July. Estimates are seasonally adjusted. Over the past 12 months, initial claims decreased by 3,748 and continued claims decreased by 1,717 (these numbers include all programs). The number of individuals receiving unemployment insurance benefits decreased by 2,599 over the year. Average duration of benefit receipt decreased by 0.6 weeks over the past 12 months. Estimates are not seasonally adjusted.

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Page 1: (Embargoed until August 18, 2017) Summary...Review and Analysis for July 2017 (Embargoed until August 18, 2017) Summary 1 June nonfarm job estimates were revised downward by 3,600

For more information, contact:

Barbara Hersh

Marketing and Comm. Director

401 S.W. Topeka Blvd

Topeka, KS 66603

Phone: 785-296-0901

Fax: 785-296-0753

Review and Analysis for July 2017(Embargoed until August 18, 2017)

Summary

1

June nonfarm job estimates were revised downward by 3,600 jobs from 1,403,400 to 1,399,800. Private sector

jobs were revised downward by 2,100 jobs from 1,147,500 to 1,145,400. Estimates are seasonally adjusted.

Kansas gained 1,300 jobs over the month. Over the past 12 months, the number of nonfarm jobs decreased

by 10,800 jobs. Estimates are seasonally adjusted.

The private sector lost 1,200 jobs over the month, or 0.1%. The largest losses were in Leisure and Hospitality

(-2,000) and Trade, Transportation and Utilities (-1,200). Over the past 12 months, the private sector lost

12,100 jobs. Estimates are seasonally adjusted.

Average weekly hours worked in the private sector increased over the year from 33.8 hours to 34.6 hours in

July 2017. Average nominal hourly earnings increased by $0.40 to $23.09 (+1.8%). Average nominal weekly

earnings increased by $31.99 (+4.2%) over the past 12 months. Estimates are not seasonally adjusted.

In July the labor force decreased by 179, the pool of unemployed increased by 1,007 and employment

decreased by 1,186. Estimates are seasonally adjusted.

The unemployment rate remained at 3.7% in July. Estimates are seasonally adjusted.

Over the past 12 months, initial claims decreased by 3,748 and continued claims decreased by 1,717 (these

numbers include all programs). The number of individuals receiving unemployment insurance benefits

decreased by 2,599 over the year. Average duration of benefit receipt decreased by 0.6 weeks over the past 12

months. Estimates are not seasonally adjusted.

Page 2: (Embargoed until August 18, 2017) Summary...Review and Analysis for July 2017 (Embargoed until August 18, 2017) Summary 1 June nonfarm job estimates were revised downward by 3,600

2

-2,000

-1,200

-1,200

-400

-200

-100

0

0

200

400

2,100

2,500

-2,500 -2,000 -1,500 -1,000 -500 0 500 1,000 1,500 2,000 2,500 3,000

Leisure and Hospitality

TOTAL PRIVATE

Trade, Transportation and Utilities

Education and Health Services

Information

Manufacturing

Mining and Logging

Other Services

Financial Activities

Construction

Professional and Business Services

GOVERNMENT

Over-the-Month Job Gain/Loss

Over-the-Month Change in Employment (seasonally adjusted)Kansas

July 2017

Total Nonfarm employment increased by 1,300 jobs in July 2017.

Source: Kansas Department of Labor, Labor Market Information Services, in conjunction with the Bureau of Labor Statistics, Current Employment Statistics (CES) program.

Five of the 11 major sectors lost jobs over the month while four gained jobs.

Page 3: (Embargoed until August 18, 2017) Summary...Review and Analysis for July 2017 (Embargoed until August 18, 2017) Summary 1 June nonfarm job estimates were revised downward by 3,600

3

July

2017 Absolute Percent Absolute Percent

TOTAL NONFARM 1,387,900 -21,700 -1.5% -6,800 -0.5%

GOVERNMENT 232,800 -17,700 -7.1% 500 0.2%

TOTAL PRIVATE 1,155,100 -4,000 -0.3% -7,300 -0.6%

GOODS-PRODUCING 231,000 800 0.3% 600 0.3%

Mining and Logging 7,100 200 2.9% 200 2.9%

Construction 65,000 1,100 1.7% 1,100 1.7%

Manufacturing 158,900 -500 -0.3% -700 -0.4%

PRIVATE SERVICE-PROVIDING 924,100 -4,800 -0.5% -7,900 -0.8%

Trade, Transportation and Utilities 265,700 -1,500 -0.6% -2,600 -1.0%

Information 19,100 -300 -1.5% -1,700 -8.2%

Financial Activities 86,700 500 0.6% 0 0.0%

Professional and Business Services 179,800 1,500 0.8% 300 0.2%

Education and Health Services 195,100 -1,800 -0.9% -300 -0.2%

Leisure and Hospitality 128,700 -3,200 -2.4% -2,300 -1.8%

Other Services 49,000 0 0.0% -1,300 -2.6%

Industries in green added the most jobs over the year, and industries in red lost the most jobs over the year.

Nonfarm job statistics on subsectors will be furnished upon request.

Source: Kansas Department of Labor, Labor Market Information Services, in conjunction with the Bureau of Labor Statistics, Current

Employment Statistics (CES) program.

July 2017 Not Seasonally Adjusted Nonfarm Jobs

Place of Work Data

Month Change 12 Month Change

Page 4: (Embargoed until August 18, 2017) Summary...Review and Analysis for July 2017 (Embargoed until August 18, 2017) Summary 1 June nonfarm job estimates were revised downward by 3,600

4

126,000,000

128,000,000

130,000,000

132,000,000

134,000,000

136,000,000

138,000,000

140,000,000

142,000,000

144,000,000

146,000,000

1,260,000

1,280,000

1,300,000

1,320,000

1,340,000

1,360,000

1,380,000

1,400,000

1,420,000

1,440,000

1,460,000

Jul-

12

Aug-

12

Sep

-12

Oct

-12

No

v-1

2D

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2Ja

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3F

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3M

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May

-13

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Jul-

13

Aug-

13

Sep

-13

Oct

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No

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3Ja

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4F

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May

-14

Jun

-14

Jul-

14

Aug-

14

Sep

-14

Oct

-14

No

v-1

4D

ec-1

4Ja

n-1

5F

eb-1

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ar-1

5A

pr-

15

May

-15

Jun

-15

Jul-

15

Aug-

15

Sep

-15

Oct

-15

No

v-1

5D

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5Ja

n-1

6F

eb-1

6M

ar-1

6A

pr-

16

May

-16

Jun

-16

Jul-

16

Aug-

16

Sep

-16

Oct

-16

No

v-1

6D

ec-1

6Ja

n-1

7F

eb-1

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ar-1

7A

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17

May

-17

Jun

-17

Jul-

17

U.S

. N

on

farm

Jo

bs

Kan

sas

No

nfa

rm J

ob

s

Month-Year

Nonfarm JobsKansas and U.S.

July 2012 to July 2017

Kansas Jobs Kansas Jobs (Seasonally Adjusted) U.S. Jobs (Seasonally Adjusted)

Source: Kansas Department of Labor, Labor Market Information Services, in conjunction with the Bureau of Labor Statistics, Current Employment Statistics (CES) program.

Over-the-Year Percent Change in Jobs, Not Seasonally Adjusted (KS) -0.5%Over-the-Year Percent Change in Jobs, Not Seasonally Adjusted (US) +1.5%

The estimated number of nonfarm jobs in Kansas has fallen by a half of a percentage point in the last 12 months putting the current level in the proximity of July 2015.

Page 5: (Embargoed until August 18, 2017) Summary...Review and Analysis for July 2017 (Embargoed until August 18, 2017) Summary 1 June nonfarm job estimates were revised downward by 3,600

5

-4,000-4,500

800

2,200

-8,100

-1,900

-3,100

-800

4,900

-4,000

-10,000

-8,000

-6,000

-4,000

-2,000

0

2,000

4,000

6,000

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Ch

an

ge i

n E

mp

loym

en

t

Month-Year

Over-the-Month Change in Private Sector Jobs (not seasonally adjusted)

KansasJuly 2008 - July 2017

Source: Kansas Department of Labor, Labor Market Information Services, in conjunction with the Bureau of Labor Statistics, Current Employment Statistics (CES) program.

Average of prior 10 years: -1,300 jobs

There is not a strong seasonal pattern for July. This year the losses were greater than the average change in the last 10 years.

Page 6: (Embargoed until August 18, 2017) Summary...Review and Analysis for July 2017 (Embargoed until August 18, 2017) Summary 1 June nonfarm job estimates were revised downward by 3,600

6

0.8

%

0.6

% 0.9

%

0.6

%

0.1

%

-0.5

% -0.2

%

0.0

%

0.2

%

-0.5

%

-0.4

%

0.1

%

-0.6

%

-1.0

%

-2.6

%

0.3

%

1.2%

-1.4

%

-0.2

%

-0.2

%

0.9

%

0.8

%

1.6%

-0.4

%

1.0%

1.7%

1.5%

1.0%

1.4%

1.7%

0.3

%

-0.6

%

1.7%

1.7%

2.1

%

1.4%

1.1%

1.7%

1.8%

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17

Perc

en

t

Month-Year

Over-the-Year Change in Private Sector Jobs, Total Hours Worked, and Hourly EarningsKansas

July 2016 to July 2017

Jobs Total Hours Worked Hourly Earnings

Source: Kansas Department of Labor, Labor Market Information Services, in conjunction with the Bureau of Labor Statistics, Current Employment Statistics (CES) program.

Employers have scheduled more weekly hours for employees in the last two months, leading to increases in total hours worked. Hourly earnings have increased at a rate greater than

inflation for the last two months.

Page 7: (Embargoed until August 18, 2017) Summary...Review and Analysis for July 2017 (Embargoed until August 18, 2017) Summary 1 June nonfarm job estimates were revised downward by 3,600

HOUSEHOLD DATA

7

• The labor force decreased by a net of 179 individuals to a total of 1,482,735 participants over the month. Estimates are

seasonally adjusted.

• Employment decreased by a net of 1,186 individuals to 1,427,140 over the month. Estimates are seasonally adjusted.

• The pool of the unemployed increased by a net of 1,007 individuals to 55,595 over the month. Estimates are seasonally

adjusted.

• The unemployment rate remained at 3.7% in July. Estimates are seasonally adjusted. The unemployment rate for June was

not revised.

• Over the last 12 months the unemployment rate fell from 4.2% in July 2016 to 3.7% in July 2017. Estimates are seasonally

adjusted.

Page 8: (Embargoed until August 18, 2017) Summary...Review and Analysis for July 2017 (Embargoed until August 18, 2017) Summary 1 June nonfarm job estimates were revised downward by 3,600

8

3.0

3.5

4.0

4.5

5.0

5.5

6.0

6.5

7.0Ju

l-14

Aug-

14

Sep

-14

Oct

-14

No

v-1

4

Dec

-14

Jan

-15

Feb

-15

Mar

-15

Ap

r-15

May

-15

Jun

-15

Jul-

15

Aug-

15

Sep

-15

Oct

-15

No

v-1

5

Dec

-15

Jan

-16

Feb

-16

Mar

-16

Ap

r-16

May

-16

Jun

-16

Jul-

16

Aug-

16

Sep

-16

Oct

-16

No

v-1

6

Dec

-16

Jan

-17

Feb

-17

Mar

-17

Ap

r-17

May

-17

Jun

-17

Jul-

17

Un

em

plo

ym

en

t R

ate

(%

)

Jul-

14

Aug

-14

Sep-

14

Oct-

14

Nov

-14

Dec-

14

Jan-

15

Feb-

15

Mar

-15

Apr-

15

May

-15

Jun-

15

Jul-

15

Aug

-15

Sep-

15

Oct-

15

Nov

-15

Dec-

15

Jan-

16

Feb-

16

Mar

-16

Apr-

16

May

-16

Jun-

16

Jul-

16

Aug

-16

Sep-

16

Oct-

16

Nov

-16

Dec-

16

Jan-

17

Feb-

17

Mar

-17

Apr-

17

May

-17

Jun-

17

Jul-

17

U.S. 6.5 6.3 5.7 5.5 5.5 5.4 6.1 5.8 5.6 5.1 5.3 5.5 5.6 5.2 4.9 4.8 4.8 4.8 5.3 5.2 5.1 4.7 4.5 5.1 5.1 5.0 4.8 4.7 4.4 4.5 5.1 4.9 4.6 4.1 4.1 4.5 4.6

Kansas 5.1 4.7 4.2 4.0 3.9 3.8 4.8 4.6 4.5 4.2 4.3 4.6 4.7 4.2 3.7 3.7 3.6 3.6 4.3 4.2 4.2 3.8 3.9 4.5 4.8 4.6 4.1 4.0 3.8 3.8 4.3 4.1 3.7 3.5 3.7 4.0 4.3

U.S. SA 6.2 6.2 5.9 5.7 5.8 5.6 5.7 5.5 5.4 5.4 5.5 5.3 5.2 5.1 5.0 5.0 5.0 5.0 4.9 4.9 5.0 5.0 4.7 4.9 4.9 4.9 4.9 4.8 4.6 4.7 4.8 4.7 4.5 4.4 4.3 4.4 4.3

Kansas SA 4.5 4.4 4.4 4.3 4.3 4.3 4.3 4.3 4.4 4.3 4.3 4.3 4.2 4.2 4.1 4.1 4.1 4.1 4.1 4.1 4.1 4.1 4.1 4.2 4.2 4.3 4.3 4.3 4.3 4.3 4.1 4.0 3.8 3.7 3.7 3.7 3.7

Unemployment RateKansas and U.S.

July 2014 - July 2017

Source: Local Area Unemployment Statistics Program, Labor Market Information Services, Kansas Department of Labor, in conjunction with the Bureau of Labor Statistics.

Preliminary estimates of the Kansas unemployment rate remained at 3.7 percent in July, with no significant changes in the number of employed or unemployed.

Page 9: (Embargoed until August 18, 2017) Summary...Review and Analysis for July 2017 (Embargoed until August 18, 2017) Summary 1 June nonfarm job estimates were revised downward by 3,600

9

Jul-161,502,871

Jul-171,504,191

Jul-161,430,231

Jul-171,439,519

1,320,000

1,340,000

1,360,000

1,380,000

1,400,000

1,420,000

1,440,000

1,460,000

1,480,000

1,500,000

1,520,000

1,540,000

Jul-

12

Sep

-12

No

v-1

2

Jan

-13

Mar

-13

May

-13

Jul-

13

Sep

-13

No

v-1

3

Jan

-14

Mar

-14

May

-14

Jul-

14

Sep

-14

No

v-1

4

Jan

-15

Mar

-15

May

-15

Jul-

15

Sep

-15

No

v-1

5

Jan

-16

Mar

-16

May

-16

Jul-

16

Sep

-16

No

v-1

6

Jan

-17

Mar

-17

May

-17

Jul-

17

Peo

ple

Month-Year

Labor Force and Employment (not seasonally adjusted)Kansas

July 2012 to July 2017

Labor Force

Number of People Employed

Source: Kansas Department of Labor, Labor Market Information Services in conjunction with the Bureau of Labor Statistics LAUS program.

From July 2016 to July 2017 the labor force increased by 0.1% (1,320 people). Over the same time period the number of people employed increased by 0.6% (+9,288).

The number of employed people and the size of the labor force in Kansas have not changed significantly over the year.

Page 10: (Embargoed until August 18, 2017) Summary...Review and Analysis for July 2017 (Embargoed until August 18, 2017) Summary 1 June nonfarm job estimates were revised downward by 3,600

UNEMPLOYMENT INSURANCE

CLAIMSEstimates are not seasonally adjusted

10

• Over the year, initial claims decreased by 3,748 and continued claims decreased by 1,717 claims (these

numbers include all programs). Estimates are not seasonally adjusted.

• The number of individuals receiving unemployment insurance benefits decreased by 1,027 over the

month, and decreased by 2,599 from July 2016.

• Average duration of benefit receipt increased by 0.1 weeks over the month and decreased by 0.6 weeks

over the past 12 months to 10.9 weeks. (average duration is measured with a 12 month moving average).

Page 11: (Embargoed until August 18, 2017) Summary...Review and Analysis for July 2017 (Embargoed until August 18, 2017) Summary 1 June nonfarm job estimates were revised downward by 3,600

11

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000Ja

n

Jan

Jan

Jan

Feb

Feb Feb

Feb

Mar

Mar

Mar

Mar

Mar

Ap

r

Ap

r

Ap

r

Ap

r

May

May

May

May

May

Jun

Jun

Jun

Jun

Jul

Jul

Jul

Jul

Aug

Aug

Aug

Aug

Aug

Sep

Sep

Sep Sep

Oct

Oct

Oct

Oct

Oct

No

v

No

v

No

v

No

v

Dec

Dec

Dec

Dec

Dec

Nu

mb

er

of

Cla

ims

Month

Weekly Initial Claims (4-Week Moving Average)Kansas

2007, 2016, and 2017

2007 2016 2017

Source: Kansas Department of Labor, Labor Market Information Services, Unemployment Insurance (UI) program.

Each data point represents an average of initial claims for the current week and three preceding weeks.

Initial claims remain at low levels with temporary increases due to layoffs in the manufacturing industry.

Page 12: (Embargoed until August 18, 2017) Summary...Review and Analysis for July 2017 (Embargoed until August 18, 2017) Summary 1 June nonfarm job estimates were revised downward by 3,600

12

0

5,000

10,000

15,000

20,000

25,000Ja

n

Jan

Jan

Jan

Feb

Feb Feb

Feb

Mar

Mar

Mar

Mar

Mar

Ap

r

Ap

r

Ap

r

Ap

r

May

May

May

May

May

Jun

Jun

Jun

Jun

Jul

Jul

Jul

Jul

Aug

Aug

Aug

Aug

Aug

Sep

Sep

Sep Sep

Oct

Oct

Oct

Oct

Oct

No

v

No

v

No

v

No

v

Dec

Dec

Dec

Dec

Dec

Nu

mb

er

of

Cla

ims

Month

Weekly Continued Claims (4-Week Moving Average)Kansas

2007, 2016, 2017

2007 2016 2017

Source: Kansas Department of Labor, Labor Market Information Services, Unemployment Insurance (UI) program.

This graph reflects average weekly continued claims beginning in January 2007 to present. Each data point represents an average of continued claims for the current week and three preceding weeks.

The number of continued claims remains below 2016 levels.

Page 13: (Embargoed until August 18, 2017) Summary...Review and Analysis for July 2017 (Embargoed until August 18, 2017) Summary 1 June nonfarm job estimates were revised downward by 3,600

13

Jul-1614,574

Jul-1711,975

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

Nu

mb

er

of

Ind

ivid

uals

Month

Number of Individuals Receiving Unemployment Insurance BenefitsKansas

July 2012 to July 2017

Source: Kansas Department of Labor, Labor Market Information Services, Unemployment Insurance (UI) program.

Claimants Average Duration (Weeks)July 2017 11,975 10.9June 2017 13,002 10.8July 2016 14,574 11.5

OTM Change -1,027 +0.1OTY Change -2,599 -0.6

The number of individuals receiving benefits and the average duration of benefits decreased over the year.