NEWS \^ZJ U. S. DEPARTMENT OF LABOR OFFICE OF INFORMATION, WASHINGTON, D. C. 20210 USDL - 8472 FOR RELEASE: 10:30 a. m. Tuesday, November 7, 1967 U. S. Department of Labor BLS, 961 - 2634 THE EMPLOYMENT SITUATION: OCTOBER 1967 The unemployment rate rose in October for the second consecutive month, and at 4. 3 percent was up 0. 2 percent from September, the U. S« Department of Labor1s Bureau of Labor Statistics reported today. The rise in the jobless rate was occasioned by a larger than usual labor force increase rather than reductions in employment. The increased joblessness in October occurred among teenagers and adult men. After advancing in September, unemployment among adult women was virtually unchanged in October. Total employment, at 74.6 million seasonally adjusted, was about the same in October as in September, and was up 1. 4 million from October 1966. The civilian labor force, however, has increased more rapidly; at 78. 0 million seasonally adjusted, it was up by 200, 000 over the month and 1. 9 million from October 1966. U ne m ploy me nt The number of unemployed persons totaled 2,951,000 in October, up nearly 200, 000 from September after seasonal adjustment. The total was 500, 000 higher than in October 1966, when the unemployment rate was 3. 8 percent. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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NEWS \ ^ Z J
U. S. D E P A R T M E N T OF LABORO F F I C E OF I N F O R M A T I O N , W A S H I N G T O N , D. C. 2 0 2 1 0
USDL - 8472
FOR RELEASE: 10:30 a. m.Tuesday, November 7, 1967
U. S. Department of Labor BLS, 961 - 2634
THE EMPLOYMENT SITUATION: OCTOBER 1967
The unemployment rate rose in October for the second consecutive month, and at 4. 3 percent was up 0. 2 percent from September, the U. S« Department of Labor1 s Bureau of Labor Statistics reported today. The rise in the jobless rate was occasioned by a larger than usual labor force increase rather than reductions in employment. The increased joblessness in October occurred among teenagers and adult men. After advancing in September, unemployment among adult women was virtually unchanged in
October.
Total employment, at 74.6 million seasonally adjusted, was about the same in October as in September, and was up 1. 4 million from October 1966. The civilian labor force, however, has increased more rapidly; at 78. 0 million seasonally adjusted, it was up by 200, 000 over the month and 1. 9 million from October 1966.
U ne m ploy me nt
The number of unemployed persons totaled 2,951,000 in October, up nearly 200, 000 from September after seasonal adjustment. The total was 500, 000 higher than in October 1966, when the unemployment rate was 3. 8 percent.
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The Employment Situation Page 2November 7, 1967
Unemployment rates for adult men and married men, at 2. 5 and 1. 9 percent in October 1967, were not significantly changed from a year earlier and were close to their average levels in the past 12 months* Similarly, the rate for workers insured under State unemployment insurance programs, who tend to have a firm labor force attachment, was unchanged over the month at 2* 4 percent.
Rates of unemployment among both whites and nonwhites were up over the month to 3.8 and 8.8 percent, respectively. Both were at their highest points since 1965.
The bulk of the increase in unemployment over the year has been concentrated among women and teenagers; unemployment among both groups was up about one-fourth. In October 1967, the jobless rate was 4.8 percent for women and 15.1 percent for teenagers. Reflecting the substantial unemployment increase among adult women which occurred in September, medium-term unemployment (5 to 14 weeks) rose to 884, 000 in October. Long-term unemployment--*-which lags behind changes in the economic situation-- remained below year ago levels, though up somewhat from summer averages.
Unemployment rates have moved up for workers in occupations requiring less skill and in those in which women are concentrated. The rate for operatives, was up from 4.1 to 5*3 percent over the year, and for nonfarm laborers from 6. 8 to 9. 2 percent. For workers whose last job was in a clerical occupation, the rate increased from 3. 2 to 3. 9 percent over the year. The rate for sales workers moved from 2. 2 to 3. 4 percent, and for service workers from 4.6 to 5. 5 percent.
Labor Force and Total Employment
In October 1967, the civilian labor force was up 1. 9 million from October 1966. Total employment rose 1.4 million and unemployment increased 500,000 over the year. This large year-to-year increase in unemployment-- which includes 275, 000 women, 17 5, 000 16 to 19 year-olds and 50, 000 adult men--developed almost entirely in the last few months along with the unusually large labor force increases.
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The Employment Situation Page 3November 7, 1967
Payroll Employment, Hours, and Earnings
The number of employees on nonfarm payrolls rose in October by 120,000 (seasonally adjusted) to 66.2 million. The increase was concentrated in State and local government and trade, with the return to work of teachers previously involved in labor disputes accounting for about 60, 000 of the gain in government. The increase in trade (40,000) was for the most part confined to retail trade, reflecting the modest but continued growth in retail sales.
Manufacturing employment was unchanged between September and October. Employment totaled 19. 2 million (seasonally adjusted) in October, 400, 000 less than the all time high of January 1967. For the past few months, factory employment has varied within the narrow range of 19. 2 to 19. 3 million. To some extent these recent developments reflect the'lower level of new orders for durable goods and the effects of the Ford strike. Strikers, who are not on payrolls, are not counted in the payroll employment statistics, although in the household survey they are considered to be employed but not at work.
Over-the-month employment changes in mining, contract construction, transportation and public utilities, finance industries, and miscellaneous services were small and for the most part in line with seasonal expectations.
Over the year, payroll employment has risen by 1. 5 million. The entire increase was a result of employment growth in the service-producing industries, notably government (670,000), miscellaneous services (500,000), and trade (400,000). Manufacturing employment was 260,000 lower in October 1967 than a year ago; much of the reduction was accounted for by an over-the-year increase in the number of striking workers off payrolls. After large employment gains in the 1965-66 period, manufacturing employment has shown little change this year.
Hours and Earnings
Average hourly earnings for rank and file employees on private nonfarm payrolls were $2. 72 in October--up 1-cent from September and 12-cents from " October 1966. Their workweek averaged 38.1 hours, down 0.6 hour from a year ago.
The workweek for manufacturing production workers edged down 0.1 hour in October to 40.7 hours (seasonally adjusted). Average weekly hours declined in 14 of the 21 manufacturing industries. Over the past three months, the workweek has averaged 40.7 hours, 0.3 hour more than in the February- July period, but still down more than one-half hour from last October.
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Table A-1: Employment status of the noninstitutional popu lation by a ge and sex
(In thousands)
Kmplovment status, age, and sex
Totol
T o ta l labor fo r c e .............................................C iv ilia n labor fo rce .........................................
K m p lo v e d ......................................................
A g ricu ltu re ................................................Nonagricu ltural in d u s tr ie s ................
On part time for econom ic reasons
U sually work fu ll t im e ................U sually work part tim e ................
U n em p loyed ..................................................
Men, 20 yeors ond over
C iv ilia n labor force .......................................
K m p lo ve d ......... ............................................
A g ricu ltu re ................................................N onagricu ltural in d u s tr ie s ..................
C iv il ia n labor f o r c e .......................................
K m p lo v e d ......................................................Agricu ltu re .............................................Nonagricu ltural in d u s tr ie s ..................
U n em p loy ed .................................................
Both sexes, 16-19 years
C iv ilia n labor f o r c e .......................................
K m p lo ve d ......................................................
A g ricu ltu re ................................................N onagricu ltural in d u s tr ie s ..................
U n em p loy ed .................................. ...............
^Insured unemployment under State programs as a percent of average covered employment. ^Man-hours lost by the unemployed and persons on part time for economic reasons as a
percent of potentially available labor force man-hours. ^Includes mining, not shown separately.
Table A -4 : Full-and part-time status of the civilian labor force
20 to 24 y ea rs .......................... .................. 8,525 8,491 7,990 8,514 8,522 8,612 8,604 8,57125 years and o v e r .......................................... 61,355 60,885 60,230 60,718 60,724 60,393 60,128 59,678
25 to 54 y e a rs ........................................... 47,510 47,090 46,768 46,876 46,768 46,709 46,471 46,06255 years and o v e r ...................................... 13,845 13,795 13,462 13,712 13,698 13,632 13,563 13,627
Males, 16 years and over.................................. 47,624 47,705 47,016 47,425 47,479 47,712 47,555 47,448
20 to 24 y ea rs ............................................... 4,787 4,861 4,567 4,806 4,849 4,891 4,856 4,88125 years and over........... ................................ 39,926 39,900 39,422 39,588 39,589 39,566 39,468 39,266
25 to 54 years........................................... 30,913 30,905 30,585 30,637 30,648 30,638 30,584 30,42455 years and o v e r ...................................... 9,014 8,996 8,837 8,915 8,898 8,889 8,860 8,870
Females, 16 years and o v e r ............................. 27,557 26,925 26,728 27,205 27,146 27,006 26,934 26,669
16 to 19 y ea rs ............................................... 2,390 2,310 2,496 2,378* 2,365 2,448 ' 2,513 2,60516 and 17 years.......................................... 907 822 882 888 837 905 923 96018 and 19 years.......................................... 1,483 1,488 1,614 1,467 1,495 1,545 1,592 1,635
20 to 24 y e a rs .................................... ........ 3 ,738 3,630 3,423 3,708 3,673 3,721 3,748 3,69025 years and o v e r .......................................... 21,429 20,985 20,808 21,130 21,135 20,827 20,660 20,412
25 to 54 ye a rs ........................................... 16,598 16,186 16,183 16,239 16,120 16,071 15,887 15,63855 years and o v e r ...................................... 4,832: 4,800 4,625 4,797 4,800 4,743 4,703 4,757
NOTE: Due to the independent seasonal adjustment of several of the series, detail will not necessarily add to totals.
T ab U A -6: Unem ployed persons by a ge and sex
Age and sex
Thousands Percentlooking
forfull-time
workO ct. 1967
Seasonally adjusted unemployment rates
O ct.1967
S ep t.1967
O ct.1967
S ep t.1967
Aug.1967
July1967
June1967
O ct.1966
Total, 16 years and over................................. 2,951 2,895 71.4 4 .3 4 .1 3 .8 3 .9 4 .0 --------!T5------
D U R A B L E G O O D S .................................. 11,228 11,262 11,266 11,538 -34 -310 11,151 11,163 11,351 -12Production workers................ 8,167 8,205 8,193 8,574 -38 -407 8,083 8,113 8,299 -30
N O N D U R A B L E G O O D S ; ..................... 8,151+ 8,193 8,169 8,102 -39 52 8,015 7,990 7,967 25Production workers................ 6,076 6,109 6,068 6,079 -33 -3 5,943 5,912 5,892 31
W H O L E S A L E T R A D E ........................ 3,59'+ 3,579 3,608 3,500 15 94 3,56? 3,558 3,569 4R E T A I L T R A D E ...................................... 10,186 10,097 10,014 9,885 89 301 10,186 10,148 10,095 38
S E R V IC E S ............................ 10,208 10,218 10,262 9,704 -10 504 10,177 10,167 10,130 10
Hotels and other lodging places . . 675.0 718.3 817.4 665.9 -43.3 9.1 697 694 692 3Personal services....................... 1,031.0 1,027.0 1,026.1 1,024.2 4.0 6.8 1,026 1,028 1,029 -2Medical and other health services . 2 , ^ . J 2,483.8 2^ 48s. 6 2,259.5 9.7 234.0 2,496 2^484 2 > 7 1 12Educational services................... 1,033.9 914.0 1,029.5 74.9 79.3 i,o6 4 l ,0 6 l 1,055 3
GOVERNMENT ........................ 11,859 11,605 11,240 11,193 254 666 11,729 n ,6 5 8 11,713 71
F E D E R A L ................................................... 2,699 2,707 2,784 2,612 -8 87 2,704 2,715 2,746 -11S T A T E A N D L O C A L ............................ 9,160 8,898 8,456 8,581 262 579 9,025 8,943 8,967 82
NOTE: Data for the 2 most recent months sre preliminary.
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Table B-2: A ve rage weekly hour* of production or nonsuporvisory w orkers1on private nonagricultural payrolls, by industry
IndustryOct.196 7
Sept.1 967
Aug.1 9 6 7
Oct.1966
Change bomSeasonally adjusted
Oct.196 7 11 Aug.
1 9 6 7
Changefrom
Sept.- l a a _____
Sept.1 967
Oct.196 6
T O T A L P R IV A T E .......................... 3 8 .1 3 8 .3 3 8 .6 3 8 .7 - 0 . 2 —0 .6 _ _
o u r a e t c c o o e s ............................ k l . 5 1*1.5 1*1.1 1*2.2 0 - 7 1*1.1* k l . 5 1*1.3 - . 1Owrrtbi Basra.......................... 3 .7 3 .8 3 .5 k .5 - . 1 - . 8 3 .5 3 .6 3 .5 - . 1
FINANCE. INSURANCE, ANDREAL E S TA TE ............................... 3 7 .2 3 7 .0 3 7 .1 3 7 -3 .2 - . 1 - - -
lData relate to production workers in mining and manufacturing: to construction workers in contract construction: and to nonsuperviaory workers in wholesale and retail trade; finance, insurance, and real estate; transportation and public utilities; and services. These groups account for approximately four-fifths of the total employment on private nonagricultural payrolls. Transportation and public utilities, and services are included in Total Private but are not shown separately in this table.
NOTE: Data for the 2 most recent months are preliminary:
Table B-3: Average hourly and weekly earn ings of production or nonsupervisory w orkers1
on private nonagricultural payrolls, by industryAverage hourly earnings Average weekly earnings
Industry Oct. Sept.1967
Aug.1967
Oct. Change from Oct. Sept. Aug. Oct. Change from
1967 1966 1! Oct.1966
1967 1967 1967 1966 If Oct.1966
T O T A L P R IV A T E .......................... $2.72 $2.71 $2.68 $2.60 $0.01 $0.12 $103.63 $103.79 $103.k5 $100.62 $-0.16 $3.01MINING.............................................. 3.25 3.21* 3.20 3.12 .01 .13 138.78 139.32 138.2k 135.10 -.5 k 3*68CONTRACT CONSTRUCTION-------- 1+.21 1+.18 1*.10 3.96 .03 .25 160.1*0 162.60 159.08 152.k6 -2.20 7.9kMANUFACTURING........................... 2.85 2.85 2.82 2.75 0 .10 116.28 116.57 l lk .7 7 113.85 -.2 9 2.k3
D U R A B L E G O O D S ................................. 3.03 3.03 3.00 2.9!* 0 .09 125.75 125.75 123.30 12k.07 0 1.68Ordnaace aad accessories............. 3.29 3.28 3.21* 3.22 .01 .07 139-17 138.71* 1 3 5 .H 136.21 •k3 2.96Lumber aad wood products.......... 2.1*3 2.1*1* 2.1*1 2.33. -.01 .12 98.1*2 98.82 96.88 9k.02 -.k o k.l*oFurniture aad fixtures.................. 2.37 2.37 2.33 2.25 0 .12 97-61* 97 -k l 95.06 9k .28 .23 3.36Scone, clay, and glass products . . 2.87 2.87 2.85 2.77 0 .10 121.11 121.11 119.99 H 6 .8 9 0 k.22