U.S. payroll growth totals 151,000 in February, less than expected

[progree]

2. LINKS to some BLS Data Series Numbers and Graphs. And yes these are NET job gains

The reported nonfarm payroll jobs are jobs created and job openings filled minus jobs lost: https://www.democraticunderground.com/10143221098#post24

The headline payroll job numbers (151,000 in February) come from the Establishment Survey
https://data.bls.gov/timeseries/CES0000000001
Monthly changes (in thousands): https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth
YEAR: JAN FEB MAR etc.
2022: 225 869 471 305 241 461 696 237 227 400 297 126
2023: 444 306 85 216 227 257 148 157 158 186 141 269
2024: 119 222 246 118 193 87 88 71 240 44 261 323
2025: 125 151 (Last 14 months: 2,288,000 more jobs, which is 156,000 jobs/month average)
The last 2 months (Jan and Feb) are preliminary, subject to revisions

# Employed in thousands (DOWN 588,000 in February) come from the separate Household Survey, http://data.bls.gov/timeseries/LNS12000000
Monthly changes (in thousands): http://data.bls.gov/timeseries/LNS12000000?output_view=net_1mth
If one adjusts the date range from 2021 to 2025, the graph is much more meaningful because it leaves out the huge swings of 2020 that greatly enlarges the Y axis and makes what follows look like tiny almost undiscernible squiggles around the zero axis
YEAR: JAN FEB MAR etc.
2022 1016 483 608 --315 487 --284 164 477 75 --126 --177 752
2023 958 178 417 162 --178 183 204 292 --33 --231 675 --762
2024 66 --177 412 70 --331 --9 64 206 377 --346 --273 478
2025 2234 --588 (Last 14 months: 2,183,000 more jobs)
Compare to the above series: 105,000 fewer jobs over the past 14 months. Not a bad discrepancy, compared to some past reports where they were like a million jobs different)
January and February of each year are affected by changes in population controls.
A very volatile data series from month to month. I used a double minus to make the negative ones stand out a little better
This Household Survey also produces the unemployment rate and labor force participation rate among many other stats

REVISIONS of the prior 2 months: down 2,000, from the BLS news release:
https://www.bls.gov/news.release/empsit.nr0.htm

The change in total nonfarm payroll employment for December was revised up by 16,000, from
+307,000 to +323,000, and the change for January was revised down by 18,000, from +143,000 to
+125,000. With these revisions, employment in December and January combined is 2,000 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.)

So compared to the report that came out one month ago we have 151,000 - 2,000 = 149,000 net new payroll jobs reported.

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LINKS to some BLS Data Series Numbers and Graphs

Table A - Summary of Household Survey (produces unemployment rate, labor force participation rate) - https://www.bls.gov/news.release/empsit.a.htm

Table B - Summary of Establishment Survey (produces the headline payroll jobs number and the average earnings) - https://www.bls.gov/news.release/empsit.b.htm

Every one of these data series comes with a table and graph:

# Nonfarm Employment (Establishment Survey, https://data.bls.gov/timeseries/CES0000000001
Monthly changes (in thousands): https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth
   NOT SEASONALLY ADJUSTED: https://data.bls.gov/timeseries/CEU0000000001

# Employed in thousands from the separate Household Survey, http://data.bls.gov/timeseries/LNS12000000
Monthly changes (in thousands): http://data.bls.gov/timeseries/LNS12000000?output_view=net_1mth
   NOT SEASONALLY ADJUSTED: https://data.bls.gov/timeseries/LNU02000000

# Nonfarm PRIVATE Employment (Establishment Survey, https://data.bls.gov/timeseries/CES0500000001
Monthly changes: https://data.bls.gov/timeseries/CES0500000001?output_view=net_1mth
    ^-Good for comparison to the ADP report that typically comes out a few days earlier
NOT SEASONALLY ADJUSTED: https://data.bls.gov/timeseries/CEU0500000001

Earnings of Production and Non-Supervisor Workers (PANSW)
. . . # INFLATION ADJUSTED Hourly Earnings of PANSW http://data.bls.gov/timeseries/CES0500000032
. . . # INFLATION ADJUSTED Weekly Earnings of PANSW http://data.bls.gov/timeseries/CES0500000031
----- Nominal means NOT inflation adjusted. Just plain ordinary greenbacks ----
. . . # Nominal Hourly Earnings of PANSW- http://data.bls.gov/timeseries/CES0500000008
. . . # Nominal Weekly Earnings of PANSW - http://data.bls.gov/timeseries/CES0500000030

# Labor Force http://data.bls.gov/timeseries/LNS11000000?output_view=net_1mth

The labor force is the sum of employed and unemployed. To count as unemployed, one must have actively sought work in the past 4 weeks (just looking at want ads and job postings doesn't count)

# ETPR (Employment-To-Population Ratio) aka Employment Rate http://data.bls.gov/timeseries/LNS12300000

# LFPR (Labor Force Participation rate) http://data.bls.gov/timeseries/LNS11300000

Unemployed, Unemployment Rate
# Unemployed http://data.bls.gov/timeseries/LNS13000000
# Unemployment rate http://data.bls.gov/timeseries/LNS14000000
    # Black unemployment rate (%), https://data.bls.gov/timeseries/LNS14000006
    # Hispanic or Latino unemployment rate (%), https://data.bls.gov/timeseries/LNS14000009
    # White unemployment rate (%), https://data.bls.gov/timeseries/LNS14000003
# U-6 unemployment rate http://data.bls.gov/timeseries/LNS13327709
------------ end unemployed, unemployment rates --------

# NILF -- Not in Labor Forcehttp://data.bls.gov/timeseries/LNS15000000

# NILF-WJ -- Not in Labor Force, Wants Job http://data.bls.gov/timeseries/LNS15026639

# Part-Time Workers who want Full-Time Jobs (Table A-8's Part-Time For Economic Reasons) http://data.bls.gov/timeseries/LNS12032194

# Part-Time Workers (Table A-9) http://data.bls.gov/timeseries/LNS12600000

# Full-Time Workers (Table A-9) http://data.bls.gov/timeseries/LNS12500000

# Multiple Job holders (Table A-9) - http://data.bls.gov/timeseries/LNS12026619

# Multiple Jobholders as a Percent of Employed (Table A-9) https://data.bls.gov/timeseries/LNS12026620

# Civilian non-institutional population
Seasonally adjusted (they seem to have gotten rid of this) https://data.bls.gov/timeseries/LNS10000000
NOT seasonally adjusted: https://data.bls.gov/timeseries/LNU00000000
. . In Table A-1 https://www.bls.gov/news.release/empsit.t01.htm they show the same numbers for seasonally adjusted and non-seasonally adjusted

LFPR - Labor Force Participation Rate for some age groups
The LFPR is the Employed + jobless people who have looked for work in the last 4 weeks (and say they want a job and are able to take one if offered. Looking for work involves more than just looking at job listings). All divided by the civilian non-institutional population age 16+ (in the case of the regular LFPR, or divided by the civilian non-institutional population of whatever age, gender, race etc. for the various sub-demographic measures. For example. the LFPR of age 25-54 females is the number of those employed or actively seeking work divided by the civilian non-institutional population of age 25-54 females.)

SA means Seasonally adjusted. NSA means Not Seasonally Adjusted
16+: SA: http://data.bls.gov/timeseries/LNS11300000 NSA: http://data.bls.gov/timeseries/LNU01300000
25-34: SA: http://data.bls.gov/timeseries/LNS11300089 NSA: http://data.bls.gov/timeseries/LNU01300089
25-54 ("Prime Age" ): SA: http://data.bls.gov/timeseries/LNS11300060 NSA: http://data.bls.gov/timeseries/LNU01300060
55-64: -------------------- NSA: https://data.bls.gov/timeseries/LNU01300095
55+: SA: http://data.bls.gov/timeseries/LNS11324230 NSA: http://data.bls.gov/timeseries/LNU01324230
65+: SA: ---------------- NSA: http://data.bls.gov/timeseries/LNU01300097

LFPR - Labor Force Particpation Rate (prime age 25-54) by gender
All: http://data.bls.gov/timeseries/LNS11300060
Men: http://data.bls.gov/timeseries/LNS11300061
Women: http://data.bls.gov/timeseries/LNS11300062

More LFPR links including by race: https://www.democraticunderground.com/111695870

ETPR - Employment to Population Ratio for some age groups
SA means Seasonally adjusted. NSA means Not Seasonally Adjusted
16+: SA: http://data.bls.gov/timeseries/LNS12300000 NSA: http://data.bls.gov/timeseries/LNU02300000
25-34: http://data.bls.gov/timeseries/LNS12300089 NSA: http://data.bls.gov/timeseries/LNU02300089
25-54 ("Prime Age" ): SA: http://data.bls.gov/timeseries/LNS12300060 NSA: http://data.bls.gov/timeseries/LNU02300060
55-64: SA: ---------------- NSA: https://data.bls.gov/timeseries/LNU02300095
55+: SA: http://data.bls.gov/timeseries/LNS12324230 NSA: http://data.bls.gov/timeseries/LNU02324230
65+: SA: ---------------- NSA: http://data.bls.gov/timeseries/LNU02300097

Data series finder (employment/unemployment related): https://www.bls.gov/data/#employment

The entire report: http://www.bls.gov/news.release/pdf/empsit.pdf

Inflation rate (CPI)
. . . Monthly report: https://www.bls.gov/news.release/cpi.nr0.htm
. . . Regular CPI: https://data.bls.gov/timeseries/CUSR0000SA0?output_view=pct_1mth
. . . Core CPI: http://data.bls.gov/timeseries/CUSR0000SA0L1E?output_view=pct_1mth
. . . Energy: https://data.bls.gov/timeseries/CUSR0000SA0E?output_view=pct_1mth
. . . Food: https://data.bls.gov/timeseries/CUSR0000SAF1?output_view=pct_1mth
. . . Food at home (groceries): https://data.bls.gov/timeseries/CUSR0000SAF11?output_view=pct_1mth
. . . Calculator at: https://www.bls.gov/data/inflation_calculator.htm
. . . One Screen Data Search for CPI components: https://data.bls.gov/PDQWeb/cu

Grocery prices (food at home) inflation compared to overall inflation rate
. . . . . https://www.in2013dollars.com/Food-at-home/price-inflation
. . . From 1947 to 2021 and from 2000 to 2021, food at home inflation very slightly lagged the overall inflation rate
. . . . . https://www.democraticunderground.com/10142735789


Archives of previous reports - The monthly payroll employment reports from the BLS are archived at Archived News Releases (https://www.bls.gov/bls/news-release/ ). In the list up at the top, under Major Economic Indicators, select Employment Situation ( https://www.bls.gov/bls/news-release/empsit.htm ). That opens up links to reports going back to 1994.