1. Find the September 6, 2019, news release from the Bureau of Labor Statistics (BLS) regarding...
1. Find the September 6, 2019, news release from the Bureau of Labor Statistics (BLS) regarding the U.S. employment situation and use it to answer the following questions.
a. How many jobs were added in the month of August?
b. What is the current U.S. unemployment rate?
c. What is the source for the BLS’ employment change data?
d. What is the source for the BLS’ unemployment rate data?
e. What is an establishment, in the context of BLS statistics?
f. What temporary hiring affected the August jobs numbers?
g. What industries showed a decline in employment in August?
h. What is the trend in average hourly earnings (growing? declining? stable?)
Homework Answers
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a. Total nonfarm payroll employment increased by 130,000 in August.
b. 3.7 %
c. www.bls.gov/ces
d. www.bls.gov/cps
e. An establishment is a single physical location where one predominant activity occurs. The establishment survey measures nonfarm employment, hours, and earnings by industry.
f. In August, employment in federal government increased by 28,000. The gain was mostly due to the hiring of 25,000 temporary workers to prepare for the 2020 Census.
g. Mining and retail.
h. In August, average hourly earnings for all employees on private nonfarm payrolls rose by 11 cents to $28.11. Average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents to $23.59.
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