A Job: Still a Good Investment

The Bureau of Labor Statistics released the Employment Situation report for April 2019 on May 3, 2019.

Nonfarm payroll employment increased by 263,000 new hires in April and the unemployment rate declined to 3.6 percent. This is a near 50-year low for the unemployment rate.

Good News for Texas
Two Texas metropolitan areas, Dallas-Fort Worth-Arlington, TX and Houston-The Woodlands-Sugar Land, TX had an increase in nonfarm payroll employment of +110,700, and +67,800, respectively between March 2018 and March 2019

In metropolitan areas with a 2010 Census population of 1 million or more, Dallas-Fort Worth-Arlington, TX posted one of the highest over-the-year percentage increases in employment at +3.0%.

Financial activities employment rose 12,000 in April. The industry added 110,000 jobs over the past 12 months with three-quarters of the growth in real estate and rental and leasing.

Construction employment rose by 33,000 in April, with gains in nonresidential specialty trade contractors (22,000) and in heavy and civil engineering construction (10,000). Over the last 12 months, construction has added 256,000 jobs.

Increases

Professional and business services added 76,000 jobs in April. Of this number, 14,000 were in the computer system design and related services, while 53,000 were in administrative and support services. Employment in health care rose by 27,000 in April and by 404,000 over the last 12 months. Social services added 26,000 jobs over the month of April. Manufacturing only added 4,000 jobs.
Decreases
Retail trade lost 12,000 jobs in April. In that number is hidden an increase in motor vehicle and parts dealers of 8,000 jobs and the loss of 9,000 jobs in general merchandise stores.

Little Change
Other industries (mining, wholesale trade, transportation and warehousing, information, leisure and hospitality, and government) showed little change of the month of April.

Hours and Dollars per Hour
Other interesting statistics in the Employment Situation report include: the average hourly earnings for all employees increased 6 cents to $27.77 over the month and the average workweek for all employees decreased by 0.1 hour to 34.4 hours a week during the month.

Frequently Asked Questions
The frequently asked questions on the Bureau of Labor Statistics Site, includes the question Does this data include undocumented immigrant worker? The answer is that it is likely that both the household survey and the establishment survey includes undocumented immigrants. Since the survey is not designed to identify the legal status of works, it is not possible to determine how many undocumented immigrant workers are included in the statistics.

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Photo by Tembela Bohle on Pexels.com

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512-213-2271

 

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