US Employment Situation in Februay 2014

by Eduardo Petazze
The U.S. Bureau of Labor Statistics release the Employment Situation for February 2014 (pdf, 38 pages)
Total nonfarm payroll employment increased by 175,200 in Feb14. Unemployment rate at 6.72%
The following is a summary:
Monthly (000)
Labor Force data, SA
Oct-13
Nov-13
Dec-13
Jan-14
Feb-14
Mar-14
Total private
115,183.1 115,455.1 115,541.7 115,686.2 115,848.4 116,150.9
Mining and logging
880.8
881.9
882.3
887.2
888.2
891.4
Logging
53.2
55.2
54.3
53.9
53.8
54.4
Mining
827.6
826.7
828.0
833.3
834.4
837.1
Construction
5,864.0
5,896.0
5,876.0
5,926.0
5,941.0
5,977.8
Manufacturing
12,011.0
12,046.0
12,053.0
12,059.0
12,065.0
12,076.4
Durable goods
7,562.0
7,581.0
7,581.0
7,578.0
7,584.0
7,597.3
Nondurable goods
4,449.0
4,465.0
4,472.0
4,481.0
4,481.0
4,479.1
Trade, transportation, and utilities
26,017.3
26,090.2
26,156.4
26,170.0
26,177.2
26,185.6
Wholesale trade
5,769.0
5,785.8
5,796.8
5,817.3
5,832.1
5,826.6
Retail trade
15,187.4
15,209.7
15,261.7
15,239.1
15,235.0
15,248.1
Transportation and warehousing
4,509.7
4,542.1
4,546.6
4,563.8
4,560.2
4,561.2
Utilities
551.2
552.6
551.3
549.8
549.9
549.7
Information
2,688.0
2,689.0
2,674.0
2,666.0
2,650.0
2,666.9
Financial activities
7,903.0
7,899.0
7,901.0
7,899.0
7,908.0
7,922.7
Professional and business services
18,753.0
18,826.0
18,842.0
18,884.0
18,963.0
19,044.5
Education and health services
21,212.0
21,237.0
21,242.0
21,252.0
21,285.0
21,336.0
Leisure and hospitality
14,380.0
14,417.0
14,435.0
14,457.0
14,482.0
14,564.8
Other services
5,474.0
5,473.0
5,480.0
5,486.0
5,489.0
5,484.8
Government
21,854.0
21,856.0
21,854.0
21,838.0
21,851.0
21,839.8
Total nonfarm
137,037.1 137,311.1 137,395.7 137,524.2 137,699.4 137,990.7
Other in labor force
6,447.9
7,131.9
7,190.3
7,699.8
7,566.6
7,644.6
Unemployed
11,140.0
10,841.0
10,351.0
10,236.0
10,459.0
10,238.6
Total Civilian Labor Force
154,625.0 155,284.0 154,937.0 155,460.0 155,725.0 155,873.9
Unemployment rate
7.20%
6.98%
6.68%
6.58%
6.72%
6.57%
Last data
Own estimate
Also see: US Employment Situation 2014-2015 Outlook
PS:

Reasons improvements in employment situation, even with modest economic growth data
1.
2.
3.
4.

The U.S. population is growing at an annual rate of around 0.8%.

The population aged 65 and older, is growing at rates between 3% to 4%
The relevant population (between 16 and 64 years), is growing at rates of around 0.3% per year.
Due to the reduction of federal defence budget the growth rate of the civilian noninstitutional population (16-64
years) is around 0.5% per annum
Population data, NSA (000)
2010
2011
2012
2013
2014
2015
Total Population (Census and Own est)
309,349.7 311,564.4 313,914.0 316,128.8 318,740.5 321,363.0
16 years and over
243,872.6 246,375.7 248,711.1 250,846.2 253,000.5 255,094.9
65 years and over
40,457.2
41,483.9
43,121.9
44,758.8
46,279.2
47,699.0
16 to 64 years
203,415.3 204,891.7 205,589.2 206,087.4 206,721.3 207,396.0
Institutional (16 years and over)
6,043.2
6,758.2
5,426.8
5,166.9
4,898.1
4,620.0
Civilian Noninstitutional Population (1)
16 years and over (BLS data)
237,829.3 239,617.5 243,284.3 245,679.3 248,102.4 250,474.9
16 to 64 years (Own estimate)
197,372.1 198,133.6 200,162.4 200,920.5 201,823.1 202,776.0
Civilian Labor Force, NSA (BLS) (2)
153,888.6 153,616.7 154,974.6 155,389.2 156,481.0 157,628.9
Participation Rate [ (2) / (1) ]
16 years and over (BLS data)
64.71%
64.11%
63.70%
63.25%
63.07%
62.93%
16 to 64 years (Own estimate)
77.97%
77.53%
77.42%
77.34%
77.53%
77.74%
Growth rate
2010
2011
2012
2013
2014
2015
Total population
0.84%
0.72%
0.75%
0.71%
0.83%
0.82%
16 years and over
1.02%
1.03%
0.95%
0.86%
0.86%
0.83%
65 years and over
2.12%
2.54%
3.95%
3.80%
3.40%
3.07%
16 to 64 years
0.81%
0.73%
0.34%
0.24%
0.31%
0.33%
Civilian Noninstitutional Population
16 years and over (BLS data)
0.86%
0.75%
1.53%
0.98%
0.99%
0.96%
16 to 64 years (Own estimate)
0.61%
0.39%
1.02%
0.38%
0.45%
0.47%
Civilian Labor Force, NSA
-0.16%
-0.18%
0.88%
0.27%
0.70%
0.73%
Own estimate