Industrial distribution employment steady in June
Employment showed little change in June for major industries such as mining, quarrying, and oil and gas extraction; construction; manufacturing; wholesale trade; retail trade; and transportation and warehousing, the U.S. Bureau of Labor Statistics reported.
Total U.S. nonfarm payroll employment increased by 147,000 in June, and the unemployment rate changed little at 4.1%.
The labor force participation rate changed little at 62.3% in June, and the employment-
population ratio held at 59.7%. The number of people employed part time for economic reasons, at 4.5 million, changed little in June. These individuals would have preferred full-time employment but were working part time because their hours had been reduced or they were unable to find full-time jobs.
The number of people not in the labor force who currently want a job was essentially unchanged at 6.0 million in June. These individuals were not counted as unemployed because they were not actively looking for work during the four weeks preceding the survey or were unavailable to take a job.
Government employment rose by 73,000 in June. Employment in state government increased by 47,000, largely in education (+40,000). Employment in local government education continued to trend up (+23,000). Job losses continued in federal government (-7,000), where employment is down by 69,000 since reaching a recent peak in January. (Employees on paid leave or receiving ongoing severance pay are counted as employed in the establishment survey.)
Average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents, or 0.2%, to $36.30 in June. Over the past 12 months, average hourly earnings have increased by 3.7%. In June, average hourly earnings of private-sector production and nonsupervisory
employees rose by 9 cents, or 0.3%, to $31.24.
The average workweek for all employees on private nonfarm payrolls edged down by 0.1 hour to 34.2 hours in June. In manufacturing, the average workweek held at 40.1 hours, and overtime was unchanged at 2.9 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls declined by 0.2 hour to 33.5 hours in June.
INDUSTRIAL SUPPLY MAGAZINE
The July/August issue of Industrial Supply magazine features an in-depth cover story about 3BG Supply. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
