employment Report Slide Presentation - Arizona Labor - AZ · This PowerPoint Presentation is...

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LABORSTATS.AZ.GOV 602-771-2222 POPULATION.AZ.GOV Employment Report April 2018 This presentation was funded by the Workforce Information grant awarded by the U.S. Department of Labor’s Employment and Training Administration. The presentation was created by the Office of Economic Opportunity and does not necessarily reflect the official position of the U.S. Department of Labor. The Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This PowerPoint Presentation is copyrighted by the Office of Economic Opportunity. Internal use by an organization and/or personal use by an individual for non-commercial purposes are permissible. All other uses require the prior authorization of the copyright owner. Doug Walls, Research Administrator

Transcript of employment Report Slide Presentation - Arizona Labor - AZ · This PowerPoint Presentation is...

LABORSTATS.AZ.GOV 602-771-2222 POPULATION.AZ.GOV

Employment ReportApril 2018

This presentation was funded by the Workforce Information grant awarded by the U.S. Department of Labor’s Employment and Training Administration. The presentation was created by the Office of Economic Opportunity and does not necessarily reflect the official position of the U.S. Department of Labor. The Department of Labor makes no guarantees, warranties, or assurances of any kind, express or implied, with respect to such information, including, but not limited to, accuracy of the information or its completeness, timeliness, usefulness, adequacy, continued availability, or ownership. This PowerPoint Presentation is copyrighted by the Office of Economic Opportunity. Internal use by an organization and/or personal use by an individual for non-commercial purposes are permissible. All other uses require the prior authorization of the copyright owner.

Doug Walls, Research Administrator

Survey of Households

Local Area Unemployment Statistics

• Unemployment, employment and labor force levels by geographic region

• Measures people employed not number of jobs

• Excludes individuals not in the labor force

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Survey of Businesses

Current Employment Statistics

• Employment and wage estimates by industry

• Measures jobs not number of people employed

• Excludes most agriculture, self-employed, family, military and rail workers

Types of Employment Data Analyzed

Over the Year

• Numeric/Percentage Change

• Issue: Less influence of seasonal factors

• Main Use: Compare changes to previous time periods –long-term trends (growing, declining, accelerating, or decelerating)

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Over the Month

• Numeric/Percentage Change

• Issue: Large influence of seasonal factors

• Main Use: Compare changes to previous years in the same month – comparison of previous years point-in-time estimates

Techniques to Analyze Employment Levels

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Over-the-Month Highlights

• AZ unemployment rate (SA) remained unchanged at 4.9%; US unemployment rate (SA) decreased to 3.9%

• Arizona gained 5,300 Nonfarm jobs (0.2%), less than the post-recessionary (‘10-’17) average gain of 10,100 jobs

• The Private Sector gained 3,300 jobs (0.1%)

• Nine of the eleven major sectors gained jobs; two recorded losses

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Over-the-Year Highlights

• Arizona added 63,100 Nonfarm jobs (2.3%)

• Private Sector added 63,300 jobs (2.7%)

• Nine major sectors added jobs

• The largest gains were recorded in Education and Health Services (14,400 jobs) and Construction (12,600 jobs)

• Two major sectors reported losses

• Information lost 300 jobs and Government lost 200 jobs

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Source: Office of Economic Opportunity in collaboration with the US Dept. of Labor’s Bureau of Labor Statistics; Local Area Unemployment Statistics

Labor Force EmploymentLevel Level Level Rate

Apr-2017 3,292,255 3,127,775 164,480 5.0

May-2017 3,298,810 3,137,217 161,593 4.9

Jun-2017 3,306,223 3,147,523 158,700 4.8

Jul-2017 3,315,606 3,158,946 156,660 4.7

Aug-2017 3,325,430 3,169,571 155,859 4.7

Sep-2017 3,334,438 3,178,341 156,097 4.7

Oct-2017 3,340,425 3,183,588 156,837 4.7

Nov-2017 3,340,656 3,183,120 157,536 4.7

Dec-2017 3,339,431 3,181,684 157,747 4.7

Jan-2018 3,345,206 3,185,080 160,126 4.8

Feb-2018 3,355,522 3,191,923 163,599 4.9

Mar-2018 3,364,525 3,200,073 164,452 4.9

Apr-2018 3,370,509 3,206,635 163,874 4.9

OTM Change 5,984 6,562 -578 0.0OTY Change 78,254 78,860 -606 -0.1

LAUS - Seasonally AdjustedUnemployment

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Arizona labor force levels increased by 347,507 over the past five years (Apr. ‘13 to Apr ‘18)

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Involuntary Part-Time Worker levels declined by 23,200 individuals over the past two quarters

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Year-to-Date Cumulative Gain or Loss

• Reflects the sum of monthly growth experienced in the first four months of each calendar year

• Not-seasonally adjusted CES industry data

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Source: Office of Economic Opportunity in collaboration with the US Dept. of Labor’s Bureau of Labor Statistics; Current Employment Statistics

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Source: Office of Economic Opportunity in collaboration with the US Dept. of Labor’s Bureau of Labor Statistics; Current Employment Statistics

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Source: Office of Economic Opportunity in collaboration with the US Dept. of Labor’s Bureau of Labor Statistics; Current Employment Sttistics

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Source: Office of Economic Opportunity in collaboration with the US Dept. of Labor’s Bureau of Labor Statistics; Current Employment Statistics

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Report Summary

• OTM Nonfarm employment gains were smaller than post-recession average

• Below-average gains recorded in TTU and PBS

• OTY Nonfarm employment growth of 63,100 jobs (2.3%)

• The Private Sector gained 2.7% OTY

• Nine out of eleven sectors recorded positive employment growth

• Five of seven metro areas recorded positive employment growth

• The seasonally-adjusted unemployment rate remained unchanged at 4.9%

• Positive changes in labor force, employment and unemployment levels over the year

• Labor force levels have increased 347,507 (2.2% growth) over the past 5 years (April 2013-April 2018)

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Upcoming Release Schedule:

• May Employment Report on June 14th