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Friday, August 2, 2013

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Richmond Area Employment – June 2013

Local Employment Rises Slower than National Rate Over the Year

Total nonfarm employment for the Richmond Metropolitan Statistical Area stood at 635,600 in June 2013, up 6,600 or 1.0 percent over the year, the U.S. Bureau of Labor Statistics reported today. During the same period, the national job count rose 1.7 percent. Sheila Watkins, the Bureau’s regional commissioner, noted that the June 2013 employment increase was the 36th consecutive over-the-year rise in the Richmond metropolitan area and the 34th nationwide. (See chart 1 and table 1. The Technical Note at the end of this release contains the metropolitan area definition. All data in this release are not seasonally adjusted; accordingly, over-the-year analysis is used throughout.)

Chart 1. Total nonfarm employment, over-the-year net change in the Richmond metropolitan area, June 2004-June 2013

In the greater Richmond metropolitan area, the education and health services supersector gained 3,300 jobs from June 2012 to June 2013, more than any other industry. The recent advance represented a 3.8-percent employment increase over the year, twice the national growth rate of 1.9 percent for this industry.

Three other industries in the Richmond area recorded job gains of 1,000 or more over the year: trade, transportation, and utilities (3,200); mining, logging, and construction (1,700); and financial activities (1,300). The trade, transportation, and utilities supersector and the financial activities supersector have recorded uninterrupted 12-month advances in this area since June and October 2010, respectively. The most recent local growth rates for both industries outpaced their national rates of gain. (See chart 2.)

Chart 2. Over-the-year percent change in employment by selected industry supersector, United States and the Richmond metropolitan area, June 2013

In the Richmond area, professional and business services was the only supersector to lose 1,000 or more jobs over the year, down 2,600 since June 2012. Locally, the supersector’s 2.6-percent rate of decline was its largest since March 2010. Nationally, the professional and business services supersector reported over-the-year job gains, up 3.3 percent.

Technical Note

This release presents nonfarm payroll employment estimates from the Current Employment Statistics (CES) program. The CES survey is a Federal-State cooperative endeavor between State employment security agencies and the Bureau of Labor Statistics.

Definitions. Employment data refer to persons on establishment payrolls who receive pay for any part of the pay period which includes the 12th of the month. Persons are counted at their place of work rather than at their place of residence; those appearing on more than one payroll are counted on each payroll. Industries are classified on the basis of their principal activity in accordance with the 2007 version of the North American Industry Classification System (NAICS).

Method of estimation. The employment data are estimated using a "link relative" technique in which a ratio (link relative) of current-month employment to that of the previous month is computed from a sample of establishments reporting for both months. The estimates of employment for the current month are obtained by multiplying the estimates for the previous month by these ratios. Small-domain models are used as the official estimators for approximately 39 percent of CES published series which have insufficient sample for direct sample-based estimates.

Annual revisions. Employment estimates are adjusted annually to a complete count of jobs, called benchmarks, derived principally from tax reports which are submitted by employers who are covered under state unemployment insurance (UI) laws. The benchmark information is used to adjust the monthly estimates between the new benchmark and the preceding one and also to establish the level of employment for the new benchmark month. Thus, the benchmarking process establishes the level of employment, and the sample is used to measure the month-to-month changes in the level for the subsequent months.

Reliability of the estimates. The estimates presented in this release are based on sample survey and administrative data and thus are subject to sampling and other types of errors. Sampling error is a measure of sampling variability—that is, variation that occurs by chance because a sample rather than the entire population is surveyed. Survey data are also subject to nonsampling errors, such as those which can be introduced into the data collection and processing operations. Estimates not directly derived from sample surveys are subject to additional errors resulting from the special estimation processes used. The sums of individual items may not always equal the totals shown in the same tables because of rounding.

Employment estimates. Measures of sampling error for state CES data at the supersector level are available on the BLS Web site at www.bls.gov/sae/790stderr.htm. Information on recent benchmark revisions for states is available at www.bls.gov/sae/.

Additional information

More complete information on the technical procedures used to develop these estimates and additional data appear in Employment and Earnings, which is available online at www.bls.gov/opub/ee/home.htm. Industry employment data for states and metropolitan areas from the Current Employment Statistics program are also available in the above mentioned news releases and from the Internet at www.bls.gov/sae/.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.

Area definitions. The substate area data published in this release reflect the standards and definitions established by the U.S. Office of Management and Budget, dated December 1, 2009. A detailed list of the geographic definitions is available at www.bls.gov/lau/lausmsa.htm.

The Richmond, Va. Metropolitan Statistical Area (MSA) includes Amelia, Caroline, Charles City, Chesterfield, Cumberland, Dinwiddie, Goochland, Hanover, Henrico, King and Queen, King William, Louisa, New Kent, Powhatan, Prince George, and Sussex Counties and Colonial Heights, Hopewell, Petersburg, and Richmond cities in Virginia.

Table 1. Employees on nonfarm payrolls by industry supersector, United States and the Richmond Metropolitan Statistical Area,
not seasonally adjusted (in thousands)
Area Back
data
Jun
2012
Apr
2013
May
2013
Jun
2013 (p)
Jun 2012 to
Jun 2013 (p)
Net
change
Percent
change

United States(1)

Total nonfarm

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134,556 135,513 136,383 136,777 2,221 1.7

Mining and logging

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864 857 868 881 17 2.0

Construction

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5,820 5,648 5,834 5,992 172 3.0

Manufacturing

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12,016 11,915 11,961 12,050 34 0.3

Trade, transportation, and utilities

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25,530 25,619 25,816 25,966 436 1.7

Information

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2,687 2,689 2,706 2,697 10 0.4

Financial activities

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7,833 7,843 7,875 7,941 108 1.4

Professional and business services

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18,062 18,389 18,492 18,657 595 3.3

Education and health services

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20,088 20,810 20,714 20,460 372 1.9

Leisure and hospitality

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14,311 13,990 14,368 14,782 471 3.3

Other services

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5,498 5,466 5,507 5,549 51 0.9

Government

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21,847 22,287 22,242 21,802 -45 -0.2

Richmond Metropolitan Statistical Area

Total Nonfarm

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629.0 631.5 634.4 635.6 6.6 1.0

Mining, logging, & construction

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34.0 35.2 35.9 35.7 1.7 5.0

Manufacturing

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32.2 31.5 31.6 31.7 -0.5 -1.6

Trade, transportation, & utilities

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115.0 116.5 118.4 118.2 3.2 2.8

Information

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8.2 7.7 7.8 7.8 -0.4 -4.9

Financial activities

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47.2 47.8 47.5 48.5 1.3 2.8

Professional & business services

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100.3 97.8 98.9 97.7 -2.6 -2.6

Educational & health services

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87.9 91.6 91.1 91.2 3.3 3.8

Leisure & hospitality

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60.3 57.3 58.5 59.8 -0.5 -0.8

Other services

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30.7 31.0 31.2 31.5 0.8 2.6

Government

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113.2 115.1 113.5 113.5 0.3 0.3

Footnotes
(1) U.S. data are preliminary for two months after they are first published.

(P) Preliminary.

Last Modified Date: August 5, 2013

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