Payroll employment highest since January 2008

June 09, 2014

In May 2014, total nonfarm payroll employment rose by 217,000 to 1,384,630—exceeding its January 2008 peak. The economy had lost 8.7 million jobs between January 2008 and February 2010; since then, 8.8 million jobs have been added.

Net change in nonfarm payroll employment by industry, January 2008–May 2014

Net change in nonfarm payroll employment by industry, January 2008–May 2014
IndustryNet change(p)

Total nonfarm

98,000

Total private

617,000

Mining and logging

160,000

Construction

-1,472,000

Manufacturing

-1,626,000

Wholesale trade

-172,000

Retail trade

-251,200

Transportation and warehousing

48,200

Utilities

-6,300

Information

-371,000

Financial activities

-358,000

Professional and business services

1,109,000

Education and health services

2,520,000

Leisure and hospitality

1,047,000

Other services

-11,000

Government

-519,000

Footnotes:
(p) preliminary
 

Since January 2008, nonfarm payroll employment has increased in industries such as education and health services (+2,520,000), professional and business services (+1,109,000) and leisure and hospitality (+1,047,000).

Industries with decreases in payroll employment from January 2008 to May 2014 include manufacturing (−1,626,000), construction (−1,472,000), government (−519,000) and retail trade (−251,200).

These data are from the Current Employment Statistics (CES) program and are seasonally adjusted. Data for the most recent 2 months are preliminary. To learn more, see "The Employment Situation — May 2014," (HTML) (PDF) news release USDL‑14‑0987. More charts featuring CES employment data can be found in Current Employment Statistics Highlights: May 2014.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Payroll employment highest since January 2008 on the Internet at http://www.bls.gov/opub/ted/2014/ted_20140609.htm (visited November 01, 2014).

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