JOBS GROWTH BY SECTOR
Three sectors employ over 20 million workers each:
Education & Health Services - 24.4 million
Government - 22.6 million
Professional & Business Services - 21.6 million
Total 68 million, or 45 percent of all non-farm employees.
Three other sectors employ over 10 million workers: Leisure & Hospitality, Retail Trade and Manufacturing.
Year-over-Year Job Growth:
Education & Health Services - 635 thousand, up 2.7%.
Professional & Business Services - 402 thousand, up 1.9%.
Leisure & Hospitality - 394 thousand, up 2.4%
Government - 153 thousand, up 0.7%
Construction - 148 thousand, up 2.0%
Manufacturing - 49 thousand, up 0.4% due to +50 thousand striking GM workers
Job Growth & Distribution Since Pre-recession Peak: The three sectors showing the largest gain in share of U.S. non-farm jobs included:
Education & Health Services added 4.4 million and 4.6 percentage points of share
Professional & Business Services added 3.5 million jobs and moved up 1.7 percentage points
Leisure & Hospitality added 3.3 million and gained 2.1 percentage points
The largest loss in distribution of job share was Manufacturing which lost 4.8 percentage points in share and 4.5 million U.S. jobs since the pre-recession peak.
Job Growth Since Recession Trough:
Three sectors added over 3 million new jobs each:
Professional & Business Services - 5.1 million
Education & Health Services - 4.5 million
Leisure & Hospitality - 3.9 million
Two sectors exceeded 1 million jobs:
Construction - 1.3 million
Financial Activities - 1.0 million
Job Growth by Firm Size
Job Growth by Firm Size:
Only one size segment added over 500 thousand new jobs each YoY:
< 500 Employees - ~1 million
Two size segments had job growth > 2%:
< 500 Employees - 2.0%
< 1,000 Employees - 2.7%