Employment
Situation Summary
Transmission of material
in this news release is embargoed until              USDL-23-0436
8:30 a.m. (ET) Friday,
March 10, 2023
 
Technical information: 
 Household data:      (202) 691-6378  * 
cpsinfo@bls.gov  *  www.bls.gov/cps
 Establishment data:  (202) 691-6555  * 
cesinfo@bls.gov  *  www.bls.gov/ces
 
Media contact:        (202) 691-5902  * 
PressOffice@bls.gov
 
 
                         THE EMPLOYMENT
SITUATION -- FEBRUARY 2023
 
 
Total nonfarm payroll
employment rose by 311,000 in February, and the unemployment rate
edged up to 3.6 percent,
the U.S. Bureau of Labor Statistics reported today. Notable job
gains occurred in
leisure and hospitality, retail trade, government, and health care. 
Employment declined in
information and in transportation and warehousing.
 
This news release
presents statistics from two monthly surveys. The household survey
measures labor force
status, including unemployment, by demographic characteristics. The
establishment survey
measures nonfarm employment, hours, and earnings by industry. For
more information about
the concepts and statistical methodology used in these two surveys,
see the Technical Note.
 
Household Survey Data
 
Both the unemployment
rate, at 3.6 percent, and the number of unemployed persons, at 5.9
million, edged up in
February. These measures have shown little net movement since early
2022. (See table A-1.)
 
Among the major worker
groups, the unemployment rate for Hispanics (5.3 percent) increased
in February. The
unemployment rates for adult men (3.3 percent), adult women (3.2 percent),
teenagers (11.1
percent), Whites (3.2 percent), Blacks (5.7 percent), and Asians (3.4 percent)
changed little over the
month. (See tables A-1, A-2, and A-3.)
 
The number of job losers
and persons who completed temporary jobs increased by 223,000 in
February to 2.8 million.
(See table A-11.)
 
The number of persons
jobless less than 5 weeks increased by 343,000 to 2.3 million in 
February, offsetting a
decrease in the prior month. The number of long-term unemployed (those
jobless for 27 weeks or
more), at 1.1 million, changed little in February and accounted for
17.6 percent of the
total unemployed. (See table A-12.)
 
In February, the labor
force participation rate was little changed at 62.5 percent, and 
the
employment-population ratio held at 60.2 percent. These measures have shown
little net
change since early 2022
and remain below their pre-pandemic February 2020 levels (63.3 
percent and 61.1
percent, respectively). (See table A-1.)
 
The number of persons
employed part time for economic reasons, at 4.1 million, was essentially
unchanged in February.
These individuals, who would have preferred full-time employment,
were working part time
because their hours had been reduced or they were unable to find 
full-time jobs. (See
table A-8.)
 
The number of persons
not in the labor force who currently want a job was little changed 
at 5.1 million in
February. These individuals were not counted as unemployed because they 
were not actively
looking for work during the 4 weeks preceding the survey or were unavailable
to take a job. (See
table A-1.)
 
Among those not in the
labor force who wanted a job, the number of persons marginally attached
to the labor force was
little changed at 1.4 million in February. These individuals wanted
and were available for
work and had looked for a job sometime in the prior 12 months but 
had not looked for work
in the 4 weeks preceding the survey. The number of discouraged 
workers, a subset of the
marginally attached who believed that no jobs were available for
them, also changed
little over the month at 363,000. (See Summary table A.)
 
Establishment Survey
Data
 
Total nonfarm payroll
employment increased by 311,000 in February, compared with the average
monthly gain of 343,000
over the prior 6 months. In February, notable job gains occurred
in leisure and
hospitality, retail trade, government, and health care. Employment declined
in information and in
transportation and warehousing. (See table B-1.)
 
Leisure and hospitality
added 105,000 jobs in February, similar to the average monthly 
gain of 91,000 over the
prior 6 months. Food services and drinking places added 70,000 
jobs in February, and
employment continued to trend up in accommodation (+14,000). Employment
in leisure and
hospitality is below its pre-pandemic February 2020 level by 410,000, 
or 2.4 percent.
 
Employment in retail
trade rose by 50,000 in February, reflecting a gain in general 
merchandise retailers
(+39,000). Retail trade employment is little changed on net over
the year.
 
Government employment
increased by 46,000 in February, about the same as the average 
monthly gain of 44,000
over the prior 6 months. Employment in local government continued
to trend up in February
(+37,000). Overall, employment in government is below its 
pre-pandemic February
2020 level by 376,000, or 1.6 percent.
 
Employment in
professional and business services continued to trend up in February (+45,000),
with a gain of 12,000 in
management, scientific, and technical consulting services. Employment 
in professional and
business services had increased by an average of 35,000 per month 
over the prior 6 months.
 
Health care added 44,000
jobs in February, compared with the average monthly increase 
of 54,000 over the prior
6 months. In February, job growth occurred in hospitals (+19,000)
and in nursing and
residential care facilities (+14,000).
 
Construction employment
grew by 24,000 in February, in line with the average monthly
growth of 20,000 over
the prior 6 months. 
 
Employment in social
assistance rose by 19,000 in February, similar to the average monthly
gain of 22,000 over the
prior 6 months.
 
In February, the
information industry lost 25,000 jobs. Employment continued to trend 
down in motion picture
and sound recording industries (-9,000) and in telecommunications
(-3,000). Employment in
information has decreased by 54,000 since November 2022.
 
Transportation and
warehousing lost 22,000 jobs in February, including 9,000 in truck
transportation.
Employment in transportation and warehousing is down by 42,000 since 
October 2022.
 
Employment showed little
change over the month in other major industries, including mining,
quarrying, and oil and
gas extraction; manufacturing; wholesale trade; financial activities;
and other services. 
 
In February, average
hourly earnings for all employees on private nonfarm payrolls rose 
by 8 cents, or 0.2
percent, to $33.09. Over the past 12 months, average hourly earnings 
have increased by 4.6
percent. In February, average hourly earnings of private-sector 
production and
nonsupervisory employees rose by 13 cents, or 0.5 percent, to $28.42. (See
tables B-3 and B-8.) 
 
The average workweek for
all employees on private nonfarm payrolls edged down by 0.1 hour
to 34.5 hours in
February. In manufacturing, the average workweek edged down by 0.2 hour
to 40.3 hours, and
overtime edged down by 0.1 hour to 3.0 hours. The average workweek for
production and
nonsupervisory employees on private nonfarm payrolls decreased by 0.2 hour
to 33.9 hours. (See
tables B-2 and B-7.) 
 
The change in total
nonfarm payroll employment for December was revised down by 21,000, 
from +260,000 to
+239,000, and the change for January was revised down by 13,000, from
+517,000 to +504,000.
With these revisions, employment gains in December and January 
combined were 34,000
lower than previously reported. (Monthly revisions result from 
additional reports
received from businesses and government agencies since the last 
published estimates and
from the recalculation of seasonal factors.)
 
_____________
The Employment Situation
for March is scheduled to be released on 
 6park.com

Friday, April 7, 2023,
at 8:30 a.m. (ET).