US Bureau Of Labor Statistics Release Employment Situation Summary
Jobs report: Here the summary will show statistics about Technical Information, Household, and Establishment data. This data is collected until Saturday, July 3, 2021, and presents two monthly surveys data.
This survey shows that total nonfarm payroll employment rises around 850,000 in June and the unemployment rate slightly changes to 5.9%.
This survey says, most of the jobs people get from hospitality, both public and private education, professional and business services. Job from retail trade and other services too.
Household surveys include the measurements of labour force status, unemployment. They use demographic characteristics for this measure. Establishment surveys include the measurement of none farm employment, hours, earnings by industries. If they need two know concepts and statistical methodology about these two surveys they used Technical Note.
Household Survey Data for Jobs Report
Unemployment rate and unemployed persons data slightly change in June. Both the rate was respectively at 5.9% and 9.5 million. But if we look at the measure of last April 2020 where all this data was so high. But if we see the data of the Covid-19 pandemic then we will see it has much above measure in the present data. In covid time, the measurement was respectively 3.5% and 5.7 million.
Now, we will show you that how it affected different ages of people
Unemployment rates among workers are: adult men (5.9 %), adult women (5.5 %), teenagers are around (9.2%). Now if you want to see the region, the whites are (5.2%), Asians are (5.8%), Blacks are (9.2%), Hispanics are around (7.2%). There was just a slight change we got
Who are unemployed in Jobs Report
Most unemployed person persons are those who left their previous job and looking for a new job at present. This rate increased by 164,000 to 942,000 in June. The number of temporary layoffs is now at 1.8 million, but it is also unchanged from last month. But we got a good result that it was 18 million in April 2020 but it’s in 1.8 million. Which is considerably low from the past but slightly higher than February 2020 (1.1 million). But the rank of permanent job losers is getting high and the number is around 3.2 million. But this data is so much higher (1.9 million) than last February 2020.
In June we found that the long-term unemployed person ranking is getting far higher than before. Which was 233,000 in before, it’s now in 4.0 million. They measure long-term unemployed by seeing who is jobless for more than 27 weeks). This data is also far higher than last February 2020. When the pandemic wasn’t an issue of losing jobs and unemployed. So it counts like 42.1 % in the total percentage of unemployed in June. But the number of people who were away from the job alike less than 5 weeks are 2.0 million. This data comes down shortly in June.
The labour force participation changed a bit since June 2020, it just changing from up and down to 61.4 to 61.7. The rate is changed 1.7 % from last February 2020. The employment-population ratio is 58.0 % at present, which is also unchanged in June but it’s up by 0.6% if we measure with the data for December 2020. If we also measure with February 2020 then we will see it is 3.1 % below that.
The number of people who were doing part-time jobs for their economic reason or their own financial it also decreased from 4.6 million to 644,000. Our analyst found that because of cutting hours from work due to job condition or haven’t enough money to give employers from shop owner the number of employees is getting down than before.
But it’s up by 229,000 since February 2020. But these are persons who once upon a time prefer to do a full-time job. But the cause happens whether their job hours had been cut or they were unable to find a good amount of money in a full-time job.
In June we also found that those who aren’t attached to the labour force and wants a job are 6.4 million in number. It’s up by 1.4 million if we see the data of February 2020. But this data and persons are not counted as unemployed people here because they are not looking for their desire job for several (4) weeks.
Household Survey Supplemental Data in Jobs Report
Employed persons in telework down from 16.6 to 14.4 per cent in last priors month. It’s referred to those persons who worked from home and earn money due to the covid pandemic.
Around 6.2 million persons claimed that they are unemployed because their employer closed or get lose in business due to covid. These persons are worked fewer hours or don’t have a job in the last 4 weeks, some of them get some money from their employers but not enough for them. Because so many companies shut down in this pandemic and a big reason for losing so many peoples job.
Establishment Survey Data in Jobs report
Nonfarm payroll employment rises around 850,000 in June. This increased rate was growing from April and May respectively 269,000 and 583,000. In June, the rate of nonfarm payroll employment was 15.6 million which is much higher since April 2020. But if you look at pre-pandemic month ( February) then it’s down by 6.8 million which is around 4.4% in percentage.
Most of the job gain we see in leisure and hospitality, public and private education. Also, we were able to see business services, retail trade, and other services.
This June, the employment rate in leisure and hospitality increase by 343,000 employers. The main reason working behind its Covid restrictions become continues to ease in some areas of the United States. Over half of the jobs are gaining in food services and drinking places which are around 194,000 plus. Employments also increasing in sectors like accommodation (75,000+), arts, entertainment, recreation around (74000+). But if we measure all this present data with February 2020 then we will see leisure and hospitality is down by 2.2 million which is around 12.9 per cent.
In June we also see a growth of 155,000 in local government education, 75,000 in state government education and 39,000 eye-catching number in private education. In both public and private sectors, we saw that staff get out of their job due to pandemics and restrictions. This help to distorted the seasonal build of educational sectors and their layoff patterns. Which rose by gaining a job in June. All things make it more challenging to perceive the current trends in these industries.
But if we again make a difference with last February 2020, we will see that it get down around 414,000 in local government education, around 168,000 in state government education and sound 255,000 in private education.
72,000 employers added new in professional and business services which is also lower around 633,000 since February 2020. In June, we get to know that, employment rise around 33,000+ in temporary help services, around 8,000+ in advertising and related services sectors. Also, there come around 7,000+ and 6,000+ in respectively scientific research and development services and legal services.
Retail trade take attempts to call off their employers that’s why they added 67,000 jobs last June. But the number of employments down around 303,000 which is around 1.9 % since February 2020. Job growth is also eye-catching in clothing and clothing accessories, general merchandise stores, miscellaneous store retailers, and automobile declares.
Respectively the employer numbers are around (28,000+), (25,000+), (13,000+), (8,000+). But losses also happen in this time like food and beverage lost around their (13,000-) and health and personal care stores lost (7000-) of their majority.