(embargoed until june 15, 2018) summary...average nominal weekly earnings increased by $31.05...

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 May 2018 (Embargoed until June 15, 2018) Summary 1 Revised nonfarm job estimates for April remained at 1,417,800. Revised private sector job estimates remained at 1,160,200. Estimates are seasonally adjusted. Kansas gained 1,900 jobs over the month (a monthly average of 1,800 over the last 3 months). Over the past 12 months, the number of nonfarm jobs increased by a total of 22,700 jobs. Estimates are seasonally adjusted. The private sector gained 1,800 jobs over the month, or 0.2%. The largest gains were in Manufacturing (+1,300); Trade, Transportation and Utilities (+800); and Construction (+500). Over the past 12 months, the private sector gained 20,700 jobs. Estimates are seasonally adjusted. Average weekly hours worked in the private sector increased over the year from 33.7 hours to 34.0 hours in May 2018. Average nominal hourly earnings increased by $0.71 to $23.76 (+3.1%). Average nominal weekly earnings increased by $31.05 (+4.0%) over the past 12 months. Estimates are not seasonally adjusted. In May the labor force increased by 852, the pool of unemployed decreased by 23 and employment increased by 875. Estimates are seasonally adjusted. The unemployment rate remained at 3.4% in May. Estimates are seasonally adjusted. Over the past 12 months, initial claims decreased by 4,179 and continued claims decreased by 16,593 (these numbers include all programs). The number of individuals receiving unemployment insurance benefits decreased by 3,137 over the year. Average duration of benefit receipt decreased by 0.2 weeks over the past 12 months. Estimates are not seasonally adjusted.

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Page 1: (Embargoed until June 15, 2018) Summary...Average nominal weekly earnings increased by $31.05 (+4.0%) over the past 12 months. Estimates are not seasonally adjusted. In May the labor

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 May 2018(Embargoed until June 15, 2018)

Summary

1

Revised nonfarm job estimates for April remained at 1,417,800. Revised private sector job estimates

remained at 1,160,200. Estimates are seasonally adjusted.

Kansas gained 1,900 jobs over the month (a monthly average of 1,800 over the last 3 months). Over the

past 12 months, the number of nonfarm jobs increased by a total of 22,700 jobs. Estimates are seasonally

adjusted.

The private sector gained 1,800 jobs over the month, or 0.2%. The largest gains were in Manufacturing

(+1,300); Trade, Transportation and Utilities (+800); and Construction (+500). Over the past 12 months,

the private sector gained 20,700 jobs. Estimates are seasonally adjusted.

Average weekly hours worked in the private sector increased over the year from 33.7 hours to 34.0 hours in

May 2018. Average nominal hourly earnings increased by $0.71 to $23.76 (+3.1%). Average nominal weekly

earnings increased by $31.05 (+4.0%) over the past 12 months. Estimates are not seasonally adjusted.

In May the labor force increased by 852, the pool of unemployed decreased by 23 and employment

increased by 875. Estimates are seasonally adjusted.

The unemployment rate remained at 3.4% in May. Estimates are seasonally adjusted.

Over the past 12 months, initial claims decreased by 4,179 and continued claims decreased by 16,593 (these

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

decreased by 3,137 over the year. Average duration of benefit receipt decreased by 0.2 weeks over the past

12 months. Estimates are not seasonally adjusted.

Page 2: (Embargoed until June 15, 2018) Summary...Average nominal weekly earnings increased by $31.05 (+4.0%) over the past 12 months. Estimates are not seasonally adjusted. In May the labor

2

-500

-500

-200

0

100

100

200

500

800

1,300

100

1,800

1,900

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

Education and Health Services

Leisure and Hospitality

Information

Other Services

Mining and Logging

Professional and Business Services

Financial Activities

Construction

Trade, Transportation and Utilities

Manufacturing

GOVERNMENT

TOTAL PRIVATE

TOTAL NONFARM

Over-the-Month Job Gain/Loss

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

May 2018

Source: Kansas Department of Labor, Labor Market Information Services and the Bureau of Labor Statistics; Current Employment Statistics (CES)

Seven of the 11 major sectors gained jobs over the month while three lost jobs and one remained unchanged.

Page 3: (Embargoed until June 15, 2018) Summary...Average nominal weekly earnings increased by $31.05 (+4.0%) over the past 12 months. Estimates are not seasonally adjusted. In May the labor

3

May

2018 Absolute Percent Absolute Percent

TOTAL NONFARM 1,429,100 7,800 0.5% 23,000 1.6%

GOVERNMENT 264,800 -200 -0.1% 2,200 0.8%

TOTAL PRIVATE 1,164,300 8,000 0.7% 20,800 1.8%

GOODS-PRODUCING 233,200 4,100 1.8% 5,800 2.6%

Mining and Logging 7,100 100 1.4% 400 6.0%

Construction 60,800 2,500 4.3% 700 1.2%

Manufacturing 165,300 1,500 0.9% 4,700 2.9%

PRIVATE SERVICE-PROVIDING 931,100 3,900 0.4% 15,000 1.6%

Trade, Transportation and Utilities 270,300 1,100 0.4% 5,400 2.0%

Information 19,100 -100 -0.5% -500 -2.6%

Financial Activities 78,800 800 1.0% 1,100 1.4%

Professional and Business Services 183,100 1,100 0.6% 7,100 4.0%

Education and Health Services 198,000 -400 -0.2% 1,400 0.7%

Leisure and Hospitality 132,000 1,900 1.5% 1,200 0.9%

Other Services 49,800 -500 -1.0% -700 -1.4%

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 and the Bureau of Labor Statistics; Current Employment

Statistics (CES)

May 2018 Not Seasonally Adjusted Nonfarm Jobs

Place of Work Data

Month Change 12 Month Change

Page 4: (Embargoed until June 15, 2018) Summary...Average nominal weekly earnings increased by $31.05 (+4.0%) over the past 12 months. Estimates are not seasonally adjusted. In May the labor

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

148,000,000

150,000,000

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

1,480,000

1,500,000M

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May

-18

U.S

. N

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Kan

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Month-Year

Nonfarm JobsKansas and U.S.

May 2013 to May 2018

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

Source: Kansas Department of Labor, Labor Market Information Services and the Bureau of Labor Statistics; Current Employment Statistics (CES)

Over-the-Year Percent Change in Jobs, Not Seasonally Adjusted (KS) +1.6%Over-the-Year Percent Change in Jobs, Not Seasonally Adjusted (US) +1.6%

The increasing trend in job growth continued in May, bringing the annual rate of growth in line with the U.S.

Page 5: (Embargoed until June 15, 2018) Summary...Average nominal weekly earnings increased by $31.05 (+4.0%) over the past 12 months. Estimates are not seasonally adjusted. In May the labor

5

(1,500)

4,900 5,500

7,600 7,200

8,700 8,000

1,500

4,400

8,000

(4,000)

(2,000)

-

2,000

4,000

6,000

8,000

10,000

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Ch

an

ge i

n E

mp

loym

en

t

Month-Year

Over-the-Month Change in Private Sector JobsNot Seasonally Adjusted

KansasMay 2009 - May 2018

Source: Kansas Department of Labor, Labor Market Information Services and the Bureau of Labor Statistics; Current Employment Statistics (CES)

Average of prior 10 years: +4,900 jobs

Estimates show more jobs were added than the historical average for May. Hiring typically increases in May, particularly in the Construction and Leisure and Hospitality industries.

Page 6: (Embargoed until June 15, 2018) Summary...Average nominal weekly earnings increased by $31.05 (+4.0%) over the past 12 months. Estimates are not seasonally adjusted. In May the labor

6

-0.7

%

-0.2

%

-0.2

%

-0.1

%

0.0

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0.2

%

0.4

% 0.6

%

0.9

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0.6

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0.7

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1.5%

1.8%

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0.9

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-0.5%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18

Perc

en

t

Month-Year

Over-the-Year Change in Private Sector Jobs, Average Weekly Hours, and Real Hourly EarningsNot Seasonally Adjusted

KansasMay 2017 to May 2018

Jobs Average Weekly Hours Real Hourly Earnings

Source: Kansas Department of Labor, Labor Market Information Services and the Bureau of Labor Statistics; Current Employment Statistics (CES)

Private sector jobs, average weekly hours worked, and real hourly earnings all increased compared to last May. This is the third consecutive month that all three measures of demand for labor have been positive.

Page 7: (Embargoed until June 15, 2018) Summary...Average nominal weekly earnings increased by $31.05 (+4.0%) over the past 12 months. Estimates are not seasonally adjusted. In May the labor

HOUSEHOLD DATA

7

• The labor force increased by a net of 852 individuals to a total of 1,475,426 participants over the month.

Estimates are seasonally adjusted.

• Employment increased by a net of 875 individuals to 1,425,436 over the month. Estimates are

seasonally adjusted.

• The pool of the unemployed decreased by a net of 23 individuals to 49,990 over the month. Estimates

are seasonally adjusted.

• The unemployment rate remained at 3.4% in May. Estimates are seasonally adjusted. The revised

unemployment rate for April remained at 3.4%.

• Over the last 12 months the unemployment rate decreased from 3.6% in May 2017 to 3.4% in May 2018.

Estimates are seasonally adjusted.

Page 8: (Embargoed until June 15, 2018) Summary...Average nominal weekly earnings increased by $31.05 (+4.0%) over the past 12 months. Estimates are not seasonally adjusted. In May the labor

8

2.5

3.0

3.5

4.0

4.5

5.0

5.5

6.0M

ay-1

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Jun

-15

Jul-

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Aug-

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Dec

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-16

Feb

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Ap

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May

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Dec

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Feb

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May

-17

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Sep

-17

Oct

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Dec

-17

Jan

-18

Feb

-18

Mar

-18

Ap

r-18

May

-18

Un

em

plo

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ate

(%

)

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

Aug

-17

Sep-

17

Oct-

17

Nov

-17

Dec-

17

Jan-

18

Feb-

18

Mar

-18

Apr-

18

May

-18

U.S. 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 4.5 4.1 3.9 3.9 3.9 4.5 4.4 4.1 3.7 3.6

Kansas 4.3 4.5 4.7 4.2 3.7 3.6 3.6 3.5 4.2 4.1 4.1 3.7 3.8 4.4 4.7 4.4 3.9 3.8 3.7 3.5 4.2 4.0 3.7 3.4 3.5 3.9 4.2 4.0 3.3 3.1 3.1 3.0 3.5 3.6 3.4 3.2 3.3

U.S. SA 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 5.0 4.9 4.6 4.7 4.8 4.7 4.5 4.4 4.3 4.3 4.3 4.4 4.2 4.1 4.1 4.1 4.1 4.1 4.1 3.9 3.8

Kansas SA 4.3 4.2 4.1 4.0 4.0 4.0 3.9 3.9 3.9 3.9 3.9 4.0 4.0 4.1 4.1 4.1 4.2 4.1 4.1 4.0 3.9 3.8 3.7 3.6 3.6 3.6 3.6 3.6 3.6 3.5 3.5 3.5 3.5 3.4 3.4 3.4 3.4

Unemployment RateKansas and U.S.

May 2015 - May 2018

Source: Kansas Department of Labor, Labor Market Information Services and the Bureau of Labor Statistics; Local Area Unemployment Statistics (LAUS)

The Kansas unemployment rate remained at 3.4% for the fourth consecutive month.

Page 9: (Embargoed until June 15, 2018) Summary...Average nominal weekly earnings increased by $31.05 (+4.0%) over the past 12 months. Estimates are not seasonally adjusted. In May the labor

9

May-171,478,423

May-18

1,475,426

May-171,424,904

May-181,425,436

1,360,000

1,380,000

1,400,000

1,420,000

1,440,000

1,460,000

1,480,000

1,500,000

1,520,000M

ay-1

3

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

Sep

-17

No

v-1

7

Jan

-18

Mar

-18

May

-18

Peo

ple

Month-Year

Labor Force and EmploymentSeasonally Adjusted

KansasMay 2013 to May 2018

Labor Force

Number of People Employed

Source: Kansas Department of Labor, Labor Market Information Services and the Bureau of Labor Statistics; Local Area Unemployment Statistics (LAUS)

The May estimates show nearly no change in the number of people employed and the labor force continues to decline steadily, measuring over a 12 month period.

From May 2017 to May 2018 the labor force decreased by 0.2% (-2,997 people). Over the same time period the number of people employed increased by 0.0% (532).

Page 10: (Embargoed until June 15, 2018) Summary...Average nominal weekly earnings increased by $31.05 (+4.0%) over the past 12 months. Estimates are not seasonally adjusted. In May the labor

UNEMPLOYMENT INSURANCE

CLAIMSEstimates are not seasonally adjusted

10

• Over the year, initial claims decreased by 4,179 and continued claims decreased by 16,593 claims

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

• The number of individuals receiving unemployment insurance benefits decreased by 742 over the

month, and decreased by 3,137 from May 2017.

• Average duration of benefit receipt was unchanged over the month and decreased by 0.2 weeks

over the past 12 months to 11.0 weeks. (average duration is measured with a 12 month moving

average).

Page 11: (Embargoed until June 15, 2018) Summary...Average nominal weekly earnings increased by $31.05 (+4.0%) over the past 12 months. Estimates are not seasonally adjusted. In May the labor

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

Nu

mb

er

of

Cla

ims

Month

Weekly Initial Claims (4-Week Moving Average)Kansas

2007, 2017, and 2018

2007 2017 2018

Source: Kansas Department of Labor, Labor Market Information Services; Unemployment Insurance Statistics Each data point represents an average of initial claims for the current week and three preceding weeks.

The number of initial claims for unemployment benefits in 2018 (year to date) is the lowest it has been during this period of recovery (since June 2009).

Page 12: (Embargoed until June 15, 2018) Summary...Average nominal weekly earnings increased by $31.05 (+4.0%) over the past 12 months. Estimates are not seasonally adjusted. In May the labor

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

Nu

mb

er

of

Cla

ims

Month

Weekly Continued Claims (4-Week Moving Average)Kansas

2007, 2017, 2018

2007 2017 2018

Source: Kansas Department of Labor, Labor Market Information Services; Unemployment Insurance Statistics Each data point represents an average of continued claims for the current week and three preceding weeks.

The (year to date) number of continued claims in 2018 is the lowest it has been during this period of recovery, which dates back to June 2009.

Page 13: (Embargoed until June 15, 2018) Summary...Average nominal weekly earnings increased by $31.05 (+4.0%) over the past 12 months. Estimates are not seasonally adjusted. In May the labor

13

May-1712,409

May-189,272

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

Num

ber

of

Ind

ivid

ual

s

Month

Number of Individuals Receiving Unemployment Insurance BenefitsKansas

May 2013 to May 2018

Source: Kansas Department of Labor, Labor Market Information Services; Unemployment Insurance Statistics

The number of individuals receiving benefits is the lowest it has been in ten years.

Claimants Average Duration (Weeks)

May 2018 9,272 11.0

April 2018 10,014 11.0

May 2017 12,409 11.2

OTM Change -742 0.0

OTY Change -3,137 -0.2