(Embargoed until April 20, 2018) Summary · Average weekly hours worked in the private sector...
Transcript of (Embargoed until April 20, 2018) Summary · Average weekly hours worked in the private sector...
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 March 2018(Embargoed until April 20, 2018)
Summary
1
February nonfarm job estimates were revised upward by 1,200 jobs from 1,413,000 to 1,414,200. Private
sector jobs were revised upward by 1,300 jobs from 1,155,600 to 1,156,900. Estimates are seasonally
adjusted.
Kansas gained 2,100 jobs over the month. Over the past 12 months, the number of nonfarm jobs increased
by 10,700 jobs. Estimates are seasonally adjusted.
The private sector gained 2,200 jobs over the month, or 0.2%. The largest gains were in Trade,
Transportation and Utilities (+1,100); Professional and Business Services (+1,000); and Financial Activities
(+700). Over the past 12 months, the private sector gained 9,400 jobs. Estimates are seasonally adjusted.
Average weekly hours worked in the private sector increased over the year from 33.7 hours to 33.9 hours in
March 2018. Average nominal hourly earnings increased by $0.58 to $23.76 (+2.5%). Average nominal
weekly earnings increased by $24.29 (+3.1%) over the past 12 months. Estimates are not seasonally adjusted.
In March the labor force decreased by 810, the pool of unemployed decreased by 408 and employment
decreased by 402. Estimates are seasonally adjusted.
The unemployment rate remained at 3.4% in March. Estimates are seasonally adjusted.
Over the past 12 months, initial claims decreased by 4,738 and continued claims decreased by 8,985 (these
numbers include all programs). The number of individuals receiving unemployment insurance benefits
decreased by 3,788 over the year. Average duration of benefit receipt increased by 0.3 weeks over the past
12 months. Estimates are not seasonally adjusted.
2
-1,000
-300
-100
0
100
300
400
700
1,000
1,100
-100
2,200
2,100
-1,500 -1,000 -500 0 500 1,000 1,500 2,000 2,500
Leisure and Hospitality
Other Services
Education and Health Services
Mining and Logging
Construction
Information
Manufacturing
Financial Activities
Professional and Business Services
Trade, Transportation and Utilities
GOVERNMENT
TOTAL PRIVATE
TOTAL NONFARM
Over-the-Month Job Gain/Loss
Over-the-Month Change in Employment (seasonally adjusted)Kansas
March 2018
Source: Kansas Department of Labor, Labor Market Information Services and the Bureau of Labor Statistics; Current Employment Statistics (CES)
Six of the 11 major sectors gained jobs over the month while four lost jobs. Mining remained unchanged.
3
March
2018 Absolute Percent Absolute Percent
TOTAL NONFARM 1,412,200 7,200 0.5% 11,200 0.8%
GOVERNMENT 265,000 500 0.2% 2,300 0.9%
TOTAL PRIVATE 1,147,200 6,700 0.6% 8,900 0.8%
GOODS-PRODUCING 225,600 2,100 0.9% -1,500 -0.7%
Mining and Logging 6,900 0 0.0% 200 3.0%
Construction 56,000 1,700 3.1% -3,900 -6.5%
Manufacturing 162,700 400 0.2% 2,200 1.4%
PRIVATE SERVICE-PROVIDING 921,600 4,600 0.5% 10,400 1.1%
Trade, Transportation and Utilities 267,100 1,400 0.5% 2,500 0.9%
Information 19,300 300 1.6% -400 -2.0%
Financial Activities 78,300 600 0.8% 400 0.5%
Professional and Business Services 180,100 1,900 1.1% 5,900 3.4%
Education and Health Services 198,400 -300 -0.2% 1,600 0.8%
Leisure and Hospitality 127,900 800 0.6% 700 0.6%
Other Services 50,500 -100 -0.2% -300 -0.6%
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)
March 2018 Not Seasonally Adjusted Nonfarm Jobs
Place of Work Data
Month Change 12 Month Change
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
ar-1
3A
pr-
13
May
-13
Jun
-13
Jul-
13
Aug-
13
Sep
-13
Oct
-13
No
v-1
3D
ec-1
3Ja
n-1
4F
eb-1
4M
ar-1
4A
pr-
14
May
-14
Jun
-14
Jul-
14
Aug-
14
Sep
-14
Oct
-14
No
v-1
4D
ec-1
4Ja
n-1
5F
eb-1
5M
ar-1
5A
pr-
15
May
-15
Jun
-15
Jul-
15
Aug-
15
Sep
-15
Oct
-15
No
v-1
5D
ec-1
5Ja
n-1
6F
eb-1
6M
ar-1
6A
pr-
16
May
-16
Jun
-16
Jul-
16
Aug-
16
Sep
-16
Oct
-16
No
v-1
6D
ec-1
6Ja
n-1
7F
eb-1
7M
ar-1
7A
pr-
17
May
-17
Jun
-17
Jul-
17
Aug-
17
Sep
-17
Oct
-17
No
v-1
7D
ec-1
7Ja
n-1
8F
eb-1
8M
ar-1
8
U.S
. N
on
farm
Jo
bs
Kan
sas
No
nfa
rm J
ob
s
Month-Year
Nonfarm JobsKansas and U.S.
March 2013 to March 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) +0.8%Over-the-Year Percent Change in Jobs, Not Seasonally Adjusted (US) +1.6%
Kansas posted over-the-month job growth for ten consecutive months. This positive trend is an improvement over job growth in 2015 and 2016.
5
(1,500)
6,500
8,000
10,100
5,700
9,800
4,300 3,500
4,800
6,700
(4,000)
(2,000)
-
2,000
4,000
6,000
8,000
10,000
12,000
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
KansasMarch 2009 - March 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: +6,000 jobs
Seasonal job growth is typical for March. This year's growth was slightly stronger than the average of the last 10 years.
6
0.3
%
-0.9
% -0.7
%
-0.2
%
-0.2
%
-0.1
%
0.0
%
0.2
%
0.4
% 0.6
%
0.9
%
0.6
% 0.8
%
0.6
%
2.1
%
0.0
%
0.9
%
2.4
%
1.2%
0.9
%
0.0
%
0.9
%
1.5%
-0.3
%
0.0
% 0.6
%
0.2
%
-0.4
%
-0.3
%
0.8
%
0.7
%
-0.1
%
0.5
%
0.0
%
-0.6
%
0.3
%
-0.7
%
0.8
%
0.7
%
-1.5%
-1.0%
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
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
Perc
en
t
Month-Year
Over-the-Year Change in Private Sector Jobs, Average Weekly Hours, and Real Hourly EarningsNot Seasonally Adjusted
KansasMarch 2017 to March 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 March. This is only the third month during the last year that all three measures of demand for labor have been positive.
HOUSEHOLD DATA
7
• The labor force decreased by a net of 810 individuals to a total of 1,475,318 participants over the
month. Estimates are seasonally adjusted.
• Employment decreased by a net of 402 individuals to 1,425,233 over the month. Estimates are
seasonally adjusted.
• The pool of the unemployed decreased by a net of 408 individuals to 50,085 over the month. Estimates
are seasonally adjusted.
• The unemployment rate remained at 3.4% in March. Estimates are seasonally adjusted. The revised
unemployment rate for February remained at 3.4%.
• Over the last 12 months the unemployment rate decreased from 3.7% in March 2017 to 3.4% in March
2018. Estimates are seasonally adjusted.
8
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0M
ar-1
5
Ap
r-15
May
-15
Jun
-15
Jul-
15
Aug-
15
Sep
-15
Oct
-15
No
v-1
5
Dec
-15
Jan
-16
Feb
-16
Mar
-16
Ap
r-16
May
-16
Jun
-16
Jul-
16
Aug-
16
Sep
-16
Oct
-16
No
v-1
6
Dec
-16
Jan
-17
Feb
-17
Mar
-17
Ap
r-17
May
-17
Jun
-17
Jul-
17
Aug-
17
Sep
-17
Oct
-17
No
v-1
7
Dec
-17
Jan
-18
Feb
-18
Mar
-18
Un
em
plo
ym
en
t R
ate
(%
)
Mar
-15
Apr-
15
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
U.S. 5.6 5.1 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
Kansas 4.4 4.2 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
U.S. SA 5.5 5.4 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
Kansas SA 4.4 4.4 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
Unemployment RateKansas and U.S.
March 2015 - March 2018
Source: Kansas Department of Labor, Labor Market Information Services and the Bureau of Labor Statistics; Local Area Unemployment Statistics (LAUS)
The unemployment rate in Kansas and the US remained steady from last month.
9
Mar-171,478,421
Mar-181,475,318
Mar-171,423,789
Mar-181,425,233
1,340,000
1,360,000
1,380,000
1,400,000
1,420,000
1,440,000
1,460,000
1,480,000
1,500,000
1,520,000M
ar-1
3
May
-13
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
Peo
ple
Month-Year
Labor Force and EmploymentSeasonally Adjusted
KansasMarch 2013 to March 2018
Labor Force
Number of People Employed
Source: Kansas Department of Labor, Labor Market Information Services in conjunction with the Bureau of Labor Statistics LAUS program.
From March 2017 to March 2018 the labor force decreased by 0.2% (-3,103 people). Over the same time period the number of people employed increased by 0.1% (1,444).
The number of people employed and the number of people in the labor force did not change significantly this month.
UNEMPLOYMENT INSURANCE
CLAIMSEstimates are not seasonally adjusted
10
• Over the year, initial claims decreased by 4,738 and continued claims decreased by 8,985 claims
(these numbers include all programs). Estimates are not seasonally adjusted.
• The number of individuals receiving unemployment insurance benefits decreased by 1,676 over
the month, and decreased by 3,788 from March 2017.
• Average duration of benefit receipt remained unchanged over the month and increased by 0.3
weeks over the past 12 months to 11.1 weeks. (average duration is measured with a 12 month
moving average).
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.
Initial claims fell over the month due to fewer layoffs.
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 number of continued claims continued to decline from a seasonal high in January.
13
Mar-1716,320
Mar-1812,532
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
Nu
mb
er
of
Ind
ivid
uals
Month
Number of Individuals Receiving Unemployment Insurance BenefitsKansas
March 2013 to March 2018
Source: Kansas Department of Labor, Labor Market Information Services; Unemployment Insurance Statistics
Claimants Average Duration (Weeks)March 2018 12,532 11.1February 2018 14,208 11.1March 2017 16,320 10.8
OTM Change -1,676 0.0OTY Change -3,788 +0.3
The number of individuals receiving benefits continues to post over the year declines.