FOR RELEASE: 10:00 a. m. Wednesday, December 13, 1967 USDL - 8509 U. S. Department of Labor BLS, 961 - 2634 THE EMPLOYMENT SITUATION: NOVEMBER 1967 The job situation improved markedly between October and November, the Uc S. Department of Labor1 s Bureau of Labor Statistics reported today0 Total employment rose 450,000 (seasonally adjusted) after remaining stable for several months, and the unemployment rate fell from 40 3 to 3. 9 percento These developments halted the two-month uptrend in joblessness, and unemployment returned to the range within which it has moved since Unemployment, which usually rises with November cutbacks in outdoor activities, edged down to 2.9 million,. Jobless rates for most major segments of the labor force moved down significantly, returning to about the August level. There was an especially sharp drop for adult women. Employment gains in trade and government, along with the return to work of strikers in manufacturing and transportation, contributed to a rise of nearly 1/2 million (seasonally adjusted) in nonagricultural payroll employment. The factory workweek rose to 40. 9 hours in November (seasonally adjusted), its highest point since January 1967. Unemployment The November drop in the seasonally adjusted rate and level of unemployment represented a return to the general situation before the Septembe r-October rises. Major declines occurred among women and teenagers, the same groups which had recorded large increases in the past 2 months. The unemployment rate for adult men, at 2.4 percent in late 196 5. i Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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FO R RE LE ASE : 10:00 a. m.W ednesday, D e ce m b e r 13, 1967
USDL - 8509
U. S. D epartm ent of Labor BLS, 961 - 2634
THE E M P L O Y M E N T SITUATION: N O VEM B ER 1967
The jo b situation im p ro v e d m arked ly between O ctober and N ovem ber ,
the Uc S. Departm ent of L a b o r 1 s Bureau o f L abor S tatistics rep orted today0
Total em ploym ent ro se 450 ,000 (seasonally adjusted) a fter rem aining stable for severa l m onths, and the unem ploym ent rate fe l l f ro m 40 3 to 3. 9 percento These deve lopm ents halted the tw o-m onth uptrend in jo b le s s n e s s , and unem ploym ent returned to the range within which it has m oved since
U nem ploym ent, which usually r is e s with N ovem ber cutbacks in outdoor a ct iv it ies , edged down to 2 .9 million,. J o b le ss rates fo r m o st m a jo r segm ents of the labor fo r c e m oved down sign ificantly , returning to about the August leve l . T here was an e s p e c ia l ly sharp d rop fo r adult w om en .
E m ploym ent gains in trade and governm ent, along with the return to work of s tr ik ers in m anufacturing and transportation , contributed to a r ise o f nearly 1/2 m il l io n (seasona lly adjusted) in nonagricu ltura l payro ll em ploym ent.
The fa ctory w orkw eek r o s e to 40. 9 hours in N ovem ber (seasonally ad ju sted ), its highest point s ince January 1967.
U nem ploym ent
The N ovem ber d rop in the seasonally adjusted rate and leve l of unem ploym ent rep resen ted a return to the gen era l situation be fo re the Septembe r -O c to b e r r i s e s . M a jor d e c lin es o c c u r r e d among w om en and teenagers , the same groups which had re c o rd e d large in c r e a s e s in the past 2 m onths. The unem ploym ent rate fo r adult m en, at 2 .4 p ercen t in
late 196 5. i
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The E m ploym en t SituationPage 2D e ce m b e r 13, 1967
N ovem ber , was v ir tua lly unchanged f r o m the le ve l that has p reva iled fo r the past y e a r 0 F o r adult w om en and teen a g ers , h ow ever , rates and le v e ls of unem ploym ent have tended to m ove up o v e r the y e a r . As a resu lt , the unem ploym ent rate fo r all w o rk e r s was up f r o m the p o s t -K o re a n low of last fa ll .
The O ctob er -to -N ov em b er d rop in unem ploym ent w as r e f le c te d in m o st occupation and industry grou p s . With the exception of con stru ct ion , how ever all industry unem ploym ent ra tes w ere up o v e r the y e a r . S im ilar ly , rates in m o st occupation groups w ere up f r o m a yea r e a r l ie r .
Nonwhites accounted f o r 22 p ercen t o f the unem ploym ent in N o vem b er , Their unem ploym ent rate was down f r o m 8, 8 p ercen t in O ctober to 7, 3 p ercen t in N ovem ber . The rate fo r whites fe l l f r o m 3. 8 to 3. 4 percen t.
U nem ploym ent c o v e r e d under State unem ploym ent insurance p r o g r a m s totaled 952, 000 in m id -N o v e m b e r . The S tate -in sured unem ploym ent rate, at 2. 3 percen t season a lly adjusted, was down slightly over the month, but was up fro m 2. 1 p ercen t a yea r e a r l ie r .
Total E m ploym ent and L abor F o r c e
Total em ploym ent was 75.1 m il l io n (seasona lly ad justed) in N ovem ber , up 450 ,000 o ver the month. Seasonally adjusted in c r e a s e s amounted to 325, 000 in nonagricultural em ploym ent and 125, 000 in ag r icu ltu re .
The c iv il ian labor f o r c e , at 78.1 m ill ion , was up 1, 5 m ill ion f r o m a year e a r l ie r . About 1. 0 m ill ion of the in c re a s e o c c u r r e d am ong adult w om en while the adult m ale group in cre a s e d nearly 800, 000 a fter little change f ro m 1965 to 1966. The in c r e a s e s w ere partia lly o f fse t by a 200, 000 decline in the teenage labor f o r c e . F o r the m o s t part, these changes r e f le c t shifts in the age d istribution o f the population.
Industry Em ploym ent
P a y ro l l em ploym ent r o se by nearly half a m il l io n in N ovem ber , as all industr ies except the F e d e ra l governm ent re g is te re d season a lly adjusted em ploym ent ga ins. A p p rox im ate ly 200 ,000 o f the in cre a se was accounted for by the term ination of s tr ik es , (in the household data s tr ik e rs are counted as em ployed but not at w ork , while the p ayro ll data shows them as absent fro m p ayro lls and thus not am ong the em p loyed . )
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The E m ploym en t SituationPage 3D e ce m b e r 13, 1967
The bulk o f the em p loym en t in c re a s e was in durable good s m anufacturing, w here red u ced strike act iv ity accounted fo r m o s t o f the r i s e 0 In cre a s e s in transportation equipm ent (au tos ) , m ach in ery , fa b r ica ted and p r im a ry m eta ls , and e le c t r i c a l equipm ent, returned em ploym ent c lo s e to August le v e ls . W idespread sm all gains among nondurable goods industries (totaling 48, 000 jo b s ) accounted fo r nearly all the m anufacturing expansion not attributable to the sharp drop in strike activity,,
In transportation and public utilit ies, the end of the truckers* strike was resp on s ib le fo r about half o f the em ploym ent gain.
Other in c r e a s e s w ere concentra ted in the s e r v ic e -p r o d u c in g in d u str ies , with gains in trade (6 5 ,0 0 0 ) , State and lo ca l governm ent (5 0 ,0 0 0 ) , and s e r v ic e s (60 ,000). E m ploym en t changes in m ining, con stru ct ion , and finance w ere slightly better than season a lly expected,, F e d e ra l govern m en t em ploym ent was down in N ovem ber fo r the fourth con secu tive m onth. Since July, F ed era l em ploym ent has fa llen by 63 ,000 (seasonally a d ju s te d ) .
O ver the y e a r , p a yro ll em ploym ent was up by 1. 7 m il l io n to a N ov em b er high o f 67. 3 m ill ion . The m ain so u r ce s of em ploym ent grow th have been the s e rv ic e -p r o d u c in g industries and governm ent. The g o o d s -p ro d u c in g in d u str ies , which expanded rapidly f r o m 1965 to 1966, have d ec lined f r o m a yea r ago, as the tabulation below indicates :
Industry
Nov. f 66 to
Nov. 16 7
Nov. f65 to
Nov. f66
Total p a y ro ll employment 1,710 3,118Private 1,078 2,252
P a rt icu la r ly large in c r e a s e s have o c c u r r e d recen tly in State and lo ca l governm ent (550 ,000 since N ovem ber 1966). The continued expansion o f educational act iv it ies has played a m a jo r ro le in this in c r e a s e . The latest available f ig u re s (O ctober) indicate an o v e r - t h e -y e a r in c re a s e of nearly 300, 000 in lo ca l educational em ploym ent and 90, 000 in State educational em ploym ent.
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The E m ploym en t SituationPage 4D e ce m b e r 13, 1967
T h ere has a lso been a sharp r i s e in the s e r v ic e in d u str ies (500, 000 o v e r the y e a r ) . The la rg e s t in c r e a s e has been in m e d ica l and health s e r v ic e s w here em ploym ent was up 230, 000 o v e r the year*
H ours and Earn ings
A verage w eek ly earn ings o f rank and f i le w o rk e rs on private p a yro lls edged up to $103. 90 in N o v e m b e r . O ver the y ea r , w eekly earn ings w e re up $4 . 00. Much of the in c r e a s e , how ever , has been o f fse t by h igher co n s u m e r p r ic e s . A verage hourly earn ings, at $ 2 .7 2 , w ere up 12 cents (40 6 p ercen t) f r o m a y e a r e a r l ie r . A verage w eek ly hours ro se in N ovem ber to 38. 2 but w ere down 0. 2 hour f r o m N ovem ber 1966,
H ours and earn ings of fa c to ry produ ction w o rk e r s a lso r o s e in N o v e m b e r , In spite o f an 0 ,4 hour o v e r - t h e -y e a r decline in the average w ork w eek , to 40. 9 hours , weekly earn ings w ere up $4. 21 to $118, 20. H ourly earn ings r o s e 13 cents to $2, 89.
* * * * A
T h is r e le a s e p r e s e n ts and a n a ly z e s s t a t is - t ic s from tw o m a jo r s u r v e y s . D ata on lab or fo r c e , to ta l em p lo y m e n t, and u n em p loym en t are d e r iv e d from the sa m p le su r v e y of h o u se h o ld s con d u cted and tab u la ted by the B u reau of the C en su s for the B u reau of L abor S ta t is t ic s . S ta t is t ic s on in d u stry e m p lo y m e n t, h o u r s , and e a r n in g s a re c o l le c te d by State a g e n c ie s fro m p a y ro ll r e c o r d s of e m p lo y e r s and a re tab u la ted by the B u reau of L abor S t a t is t ic s . A d e s c r ip t io n of the tw o s u r v e y s a p p e a r s in the B L S p u b lica tio n E m p lo y m en t and E a r n i n g s and M onthly R ep o rt on the L abor F o r c e .
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Table A>1: Employment status of the noninstitutional population by age and sex
(In thousands)
Seasonally adjustedHmployment status, age, and sex Nov. O ct. Nov. NOV. O ct. S e p t. Aug. J u ly
Civilian labor force • 45 ,5 7 9 4 5 ,606 44 ,811 4 5 ,5 6 3 4 5 ,513 4 5 ,4 7 6 4 5 ,559 45 ,4 3 3Employed e « e e # e e « e e e # e e e # e e e e e e e e e e e e e e e 4 4 ,611 4 4 ,714 43 ,8 4 0 4 4 ,4 8 0 44 ,3 7 5 4 4 ,435 4 4 ,479 4 4 ,338
Civilian labor force e e e e e e e o e e e e e e e e e e e e e e e e 26 ,485 26 ,398 25 ,480 2 6 ,134 26 ,092 26 ,051 25 ,557 25 ,516Employed e e e e e e e e e e e e e e e e e e e e e o e e e e e e e e e 25 ,409 25,167 24 ,583 25 ,093 24,827 24 ,781 24 ,558 2 4 ,421
624Agriculture # e e e e e e e e e e e e e e # e e e * e e # e e a e 632 736 660 634 567 512 705Nonagricultural industries e e e e e e e e e e e e e e e 24 ,777 24 ,430 23 ,923 24 ,459 24 ,2 6 0 24 ,269 2 3 ,853 23 ,797
Durable g o o d s .............................................. 382 269 3 .2 3 .6 3 .7 3 .4 4 .1 2 .3Nondurable g o o d s ........................................ 336 306 3 :8 4 .8 4 .5 4 .5 4 .0 3 .5
^Insured unemployment under State programs as a percent of average covered employment. percent o f potentially available labor force man-hours.^Man-hours lost by the unemployed and persons on part time for economic reasons as a Include s mining, not shown separately.
Tablo A-4: Full-and part-time status off the civilian labor fforce
Ordnance and accessories..............Lumber and wood products...........Furniture and fixtures...................Stone, clay, and glass products . .Primary metal industries................Fabricated metal products..............Machinery, except electrical . . . .Electrical equipment......................Transportation equipment...............Instruments and related products . Miscellaneous manufacturing. . . .
NONDURABLE GOODS:Production workers .
Food and kindred products...........Tobacco manufactures...................Textile mill products......................Apparel and other textile productsPaper and allied products..............Printing and publishing................Chemicals and allied products . . . Petroleum and coal products. . . . Rubber and plastics products,n e c Leather and leather products . . . .
TRANSPORTATION AND PUBLIC UTILITIES............................
WHOLESALE AND RETAIL TRADE
WHOLESALE TRADE RETAIL TRADE. . . .
FINANCE, INSURANCE, AND REAL ESTATE......................
SE R V IC E S ............................
Hotels and other lodging places . .Personal services...........................Medical and other health services. Educational services......................
NOTE: Data for the 2 most recent months are preliminary.
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Table B-2s A verage weekly hours of production or nonsupervisory workers*on private nonagricultural payrolls, by industry
Industry Nov.1967
Oct.1967
Sept.1967
Nov.1966
Change from Seasonally adjusted
Nov.1967
Oct.1967
Sept.1967
Changefrom
BfeOct.1967
Nov.1966
TO TA L P R IV A T E .......................... 38.2 38.1 38.1* 38.1* C o n „ -0*2-1 38.1* 38.0 38.1* 0.1*MIMING.............................................. 1*2.6 1*2.9 1*3.0 1*2.2 - .3 a *3.1 1*2.3 1*2.8 .8CONTRACT CONSTRUCTION-------- 38.3 38.1 38.9 36.1* .2 V 2 _ i 39A 37.1 38.3 2.3M ANUFACTURING........................... 1*0.9 1*0.7 1*0.9 1*1.3 1 'T?' 1 - . i n 1*0.9 1*0.6 1*0.8 .3
FINANCE, INSURANCE, ANDREAL E S TA TE ............................... 37-1 37.1 37.0 37.2 0 - .1 - - “
lDatt relate to production workers in mining axx? manufacturing: to construction workers in contract construction; and to nonsupervisory worker* in wholesale and retail trade} finance, imurance, and real estate; tramportation and public utilities; and services. These groups account for approximately four-fifths o f 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: A verage hourly and weekly earnings of production or nonsupervisory workers*1 on private nonagricultural payrolls, by industry
Average hourly earnings Average weekly earning
Industry Nov.1967
Oct.1967
Sept.1967
Nov.1966
Orange from Nov.1967
Oct.1967
Sept.1967
Nov. Change from
Oct.1967 1966 Oct.1967
Nov.1066
TO T A L P R IV A T E .......................... $2.72 $2.72 $2.71 $2.60 $0.00 $0.12 $103.90 $103.63 $10k.06 $99.8k $0.27 $k.o6MRUMG....................... ...................... 3.23 3.2t* 3*2** 3.12 -.01 .11 137.60 139.00 139.32 131.66 -l.ko 5.9kCONTRACT CONSTRUCTION-------- 1*.20 1*.21 l*.l8 3.96 -.01 .2k 160.86 160.kO 162.60 lkk.lk .k6 16.72M ANUFACTURING..................... .... 2.89 2.85 2.85 2.76 .Ok .13 118.20 116.00 116.57 113.99 2.20 k.21
DURABLE COODS................................. 3.07 3.03 3-03 2.9k .Ok .13 127.71 125.k4 126.05 123.77 2.27 3.9kOrdnance aad a c c e s s o r ie s . .............. 3.3L 3.28 3.27 3.21 .03 .10 lkl.3k 137-k3 138.65 136.75 3.91 k.59Lumber aad wood p ro d u cts .............. 2.1*1* 2.1*5 2.1*5 2.28 -.01 .16 99.55 100.21 99.72 91.k3 -.66 8.10Furniture aad fix tu res ,....................... 2.39 2.37 2.37 2.25 .02 •ll* 97.27 97.kl 97«kl 93.15 -.14 4.12Stour, c la y , and g lass products . . 2.90 2.87 2.87 2.78 .03 .12 122.09 120.83 121.11 116.20 1.26 5.89Primary metal industries.................... 3.38 3.37 3.38 3.31 .01 .07 138.58 137.16 138.58 139.02 l.k2 -.44Fabricated metal products................. 3.02 2.99 3.00 2.92 .03 .10 125.93 12k .38 126.00 123.&. 1.55 2.12M achiariy, except e le c tr ica l. . . . 3.23 3.22 3.21 3.13 .01 .10 136.31 135.88 136.10 136.78 •k3 -.47E le ctrica l e q u ip s * a r ....................... 2.81* 2.82 2.78 2.69 .02 .15 116.16 llk.k9 112.31 n o . 56 1.67 5.60Traaapottutioo rqnipw rn t................. 3.56 3.̂ 7 3.̂ 7 3.k0 .09 .16 153.08 lk6.43 Ik7.k8 Ik5.l8 6.65 7.90laarrumcata aad related products . 2.88 2.87 2.87 2.76 .01 .12 119.23 118.53 118.53 116.20 .70 3.03M iscellaneous manufacturing. . . . 2.38 2.36 2.3k 2.25 .02 .13 9k.96 93.69 92.66 90.k5 1.27 k.51
REAL E S TA TE ............................. 2.66 2.65 2.63 2.50 .01 .16 98.69 98.32 97.31 93.00 .37 5.69* See footnote 1, table B-2.NOTE: Data for the 2 most recent months are preliminary.
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