March 16, 2018
U.S. employers added 313,000 jobs in February, and the nation’s unemployment rate stayed the same, at 4.1%, according to data released on March 9 by the Bureau of Labor Statistics—which, each month, surveys about 149,000 businesses and government agencies, representing roughly 651,000 individual worksites.
In line with those findings, Bloomberg has compiled a list of the industries with the highest and lowest rates of employment growth for the most recent month—among them:
- Support activities for mining, up 15% (+6,900 jobs);
- Petroleum and coal products, up 1.57% (+1,800 jobs);
- Facilities support services, up 1.36% (+100 jobs);
- Mining , up 1.31% (+8,600 jobs);
- Mining and logging, up 1.13% (+8,000 jobs);
- Sporting goods, hobby, book and music stores, up .46% (+2,700 jobs);
- Logging, down .59% (-300 jobs);
- Textile production, down .62% (-700 jobs);
- U.S. Postal Service, down 1.03% (-6,300 jobs); and
- Motion picture and sound recording, down 2.37%(-9,700 jobs).
The good news is that February marked the 89th straight month of U.S. job growth—the longest such streak on record. Still, gains since the 2007–2009 recession have been far from evenly spread across industries.
Indeed, for many Americans, the jobs available were too far afield—for example, mining and logging—to offer much realistic hope of employment.
Research contact: @jordan_yadoo