TED The Economics Daily July 2021

Payroll employment increased by 943,000 in July 2021

Total nonfarm payroll employment increased by 943,000 in July 2021, following a similar increase in June (+938,000). Nonfarm payroll employment in July is up by 16.7 million since April 2020 but is down by 5.7 million, or 3.7 percent, from its pre-pandemic level in February 2020.

A data chart image of Payroll employment increased by 943,000 in July 2021

In July 2021, employment in leisure and hospitality increased by 380,000, with two-thirds of the job gain occurring in food services and drinking places. The average weekly earnings in this industry were $493.43. Notable employment gains also occurred in education and health services (+87,000), which has average weekly wages of $991.01, and in professional and business services (+60,000), where workers earn $1,350.56 per week, on average.

These data are from the Current Employment Statistics program and are seasonally adjusted. Data for the most recent 2 months are preliminary. To learn more, see “The Employment Situation — July 2021.” We also have more charts on nonfarm employment, hours, and earnings.

Over-the-month employment change and average weekly earnings by industry for all private nonfarm employees, July 2021 
Industry Over-the-month change employment change Average weekly earnings Employment
Mining and logging 6,000 $1,590.68 637,000
Construction 11,000 1,280.98 7,421,000
Manufacturing 27,000 1,205.69 12,366,000
Wholesale trade 2,800 1,324.02 5,709,700
Retail trade -5,500 675.14 15,339,500
Transportation and warehousing 49,700 1,040.26 5,782,500
Utilities -100 1,918.30 538,800
Information 24,000 1,650.53 2,742,000
Financial activities 22,000 1,516.41 8,827,000
Professional and business services 60,000 1,350.56 20,913,000
Education and health services 87,000 991.01 23,612,000
Leisure and hospitality 380,000 493.43 15,178,000
Other services 39,000 877.61 5,701,000

In July 2021, employment in leisure and hospitality increased by 380,000, with two-thirds of the job gain occurring in food services and drinking places. The average weekly earnings in this industry were $493.43. Notable employment gains also occurred in education and health services (+87,000), which has average weekly wages of $991.01, and in professional and business services (+60,000), where workers earn $1,350.56 per week, on average.

These data are from the Current Employment Statistics program and are seasonally adjusted. Data for the most recent 2 months are preliminary. To learn more, see “The Employment Situation — July 2021.” We also have more charts on nonfarm employment, hours, and earnings.

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Payroll employment increased by 943,000 in July 2021 at https://www.bls.gov/opub/ted/2021/payroll-employment-increased-by-943000-in-july-2021.htm (visited August 11, 2021).

 

ABOUT JEFF ALTMAN, THE BIG GAME HUNTER

JeffAltman, The Big Game Hunter
JeffAltman, The Big Game Hunter

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