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The Good News
2019 October/November
Pg 3 - The Sunshine Express
jobs over the year. Building material and garden
supply stores added 9,000 jobs over the month.
Employment showed little change over the month
in construction, manufacturing, transportation
and warehousing, and leisure and hospitality. Job
growth in these industries has moderated
thus far in 2019 compared with 2018.
In August, average hourly earnings for all employ-
ees on private nonfarm payrolls rose by 11 cents
to $28.11, following 9-cent gains in both June and
July. Over the past 12 months, average hourly
earnings have increased by 3.2 percent. In August,
average hourly earnings of private-sector produc-
tion and nonsupervisory employees rose by 11
cents to $23.59.
The average workweek for all employees on private
nonfarm payrolls increased by 0.1 hour to 34.4
hours in August. In manufacturing, the average
workweek increased by 0.2 hour to 40.6 hours, and
overtime declined by 0.1 hour to 3.2 hours. The
average workweek of private-sector production and
nonsupervisory employees increased by 0.1 hour to
33.6 hours.
The change in total nonfarm payroll employment for
June was revised down by 15,000 from +193,000
to +178,000, and the change for July was revised
down by 5,000 from +164,000 to +159,000.
With these revisions, employment gains in June and
July combined were 20,000 less than previously
reported. (Monthly revisions result from additional
reports received from businesses and government
agencies since the last published estimates and
from the recalculation of seasonal factors.)
After revisions, job gains have averaged 156,000
per month over the last 3 months.
(source: www.bls.gov)
Historic Vote (continued from pg 1)
This decision is an indication that Congress is
more willing than ever to support and take ac-
tion on sensible cannabis policies. The passage
of the SAFE Banking Act improves the likelihood
that other cannabis legislation will advance at the
federal level.¡±
¡°Having worked alongside congressional leaders
to resolve the cannabis industry¡¯s banking access
issues for over six years, it¡¯s incredibly gratifying
to see this strong bipartisan showing of support in
today¡¯s House vote,¡± said Aaron Smith, executive
director of the National Cannabis Industry Associ-
ation. ¡°Now, it¡¯s time for the Senate to take swift
action to approve the SAFE Banking Act so that
this commonsense legislation can make its way to
the President¡¯s desk. This bipartisan legislation is
vital to protecting public safety, fostering trans-
parency and leveling the playing field for small
businesses in the growing number of states with
successful cannabis programs.¡±
In May U.S. state bankers associations jointly
sent a letter to leaders of a key Senate panel
saying that they support cannabis banking
reform.
¡°We believe federal action is necessary and sup-
port a solution that would allow banks to serve
cannabis-related businesses in states where the
activity is legal,¡± the letter stated.
It was signed by all 50 state banking associations.
(by KingDaddy)
These individuals were not in the labor force,
wanted and were available for work, and had
looked for a job sometime in the prior 12
months. They were not counted as unem-
ployed because they had not searched for
work in the 4 weeks preceding the survey.
Among the marginally attached, there were
467,000 discouraged workers in August,
about unchanged from a year earlier. (Data
are not seasonally adjusted.) Discouraged
workers are persons not currently looking for
work because they believe no jobs are
available for them. The remaining 1.1 mil-
lion persons marginally attached to the labor
force in August had not searched for work for
reasons such as school attendance or family
responsibilities.
Establishment Survey Data
Total nonfarm payroll employment increased
by 130,000 in August. Job growth has aver-
aged 158,000 per month thus far this year,
below the average monthly gain of 223,000
in 2018.
In August, employment in federal govern-
ment increased by 28,000, largely reflecting
the hiring of temporary workers for the 2020
Census. Private-sector employment was up
by 96,000, with notable job gains in health
care and financial activities and a job loss in
mining.
Health care added 24,000 jobs over the
month and 392,000 over the past 12 months.
In August, employment continued to trend up
in ambulatory health care services (+12,000)
and in hospitals (+9,000).
In August, financial activities employment
rose by 15,000, with nearly half of the gain
occurring in insurance carriers and related
activities (+7,000). Financial activities has
added 111,000 jobs over the year.
Employment in professional and business
services continued to trend up in August
(+37,000). Within the industry, employ-
ment increased by 10,000 both in computer
systems design and related services and in
management of companies and enterprises.
Monthly job gains in professional and busi-
ness services have averaged 34,000 thus far
in 2019, below the average monthly gain of
47,000 in 2018.
Social assistance employment continued on
an upward trend in August (+13,000). Within
the industry, individual and family services
added 17,000 jobs. Social assistance has
added 100,000 jobs in the last 6 months.
Mining employment declined by 6,000 in
August, with nearly all of the loss in support
activities for mining (-5,000).
Retail trade employment changed little in Au-
gust (-11,000). General merchandise stores
lost 15,000 jobs over the month and 80,000
The Employment Situation for August 2019
September 6, 2019: Total nonfarm payroll em-
ployment rose by 130,000 in August, and the un-
employment rate was unchanged at 3.7 percent,
the U.S. Bureau of Labor Statistics reported.
This news release presents statistics from two
monthly surveys.
The household survey measures labor force sta-
tus, including unemployment, by demographic
characteristics.
The establishment survey measures nonfarm em-
ployment, hours, and earnings by industry.
Household Survey Data
In August, the unemployment rate was 3.7
percent for the third month in a row, and the
number of unemployed persons was essentially
unchanged at 6.0 million.
Among the major worker groups, the unemploy-
ment rates for adult men (3.4 percent), adult
women (3.3 percent), teenagers (12.6 percent),
Whites (3.4 percent), Blacks (5.5 percent),
Asians (2.8 percent), and Hispanics (4.2 percent)
showed little or no change in August.
The number of long-term unemployed (those
jobless for 27 weeks or more) was little changed
at 1.2 million in August and accounted for 20.6
percent of the unemployed.
The labor force participation rate edged up to
63.2 percent in August but has shown little
change, on net, thus far this year. The employ-
ment-population ratio, at 60.9 percent, also
edged up over the month and is up by 0.6 per-
centage point over the year.
The number of persons employed part time for
economic reasons (sometimes referred to as
involuntary part-time workers) increased by
397,000 to 4.4 million in August; this increase
follows a decline of similar magnitude in July.
These individuals, who would have preferred full-
time employment, were working part time be-
cause their hours had been reduced or they were
unable to find full-time jobs.
In August, 1.6 million persons were marginally
attached to the labor force, little different from a
year earlier. (Data are not seasonally adjusted.)
Job Gains Avg 156,000/month