AICC Boxscore 2013

More Jobs = More Box Sales continued from page 43

As has been the case for many years, the lion’s share of employment gains were in the private service sector, where 1.151 million net new jobs were added last year. Amid the net gains of this sector, some segments did suffer substantial employment declines. For example, retail trade employment was down by 331,000 jobs or 2.2% with losses heaviest in department stores (a 13% decline), general merchandise stores (down 7.6%), clothing stores (7% employment attrition) and sporting goods stores (a 6.6% decline). The leisure and hospitality sector added a stunning 668,000 net new jobs last year, 46% of private sector employment gains. Employment in the arts and entertainment industries grew by 11.3%, and staffing at amusement, gambling and recreations firms grew by 12.4%, adding 154, 000 new jobs, almost as many as in the entire US manufacturing

sector. Hotels, bars and restaurants added 470,000 to their staffs last year, chalking up a 4.2% annual employment gain, more than triple the rate of employment gain for the US private sector as a whole. Professional and business service firms, including attorneys, consultants, accountants, and temporary and other employment service firms, also contributed significantly to job gains last year. Collectively, these firms added 367,000 jobs, or one-quarter of those added by the private sector. The additions were split almost equally between professional consulting services and administrative support services. Health care services employment expanded by 353,000 jobs in 2012, accounting for 22% of private sector employment gains. Consistent with health care costs that are rising faster

than inflation, employment in this sector increased at a 2.1% rate last year. During 2012, 408,000 government sector jobs were lost — 90% of them at local educational facilities, where employment declined at a 4.5% rate. Education related employment declined even more rapidly than at the US Postal Service, which experienced a 3.2% attrition rate. In addition to local government losses in the education area, 58,000 private sector jobs were lost at educational services firms and 68,000 were lost at the state level. Offsetting educational support losses at the local level, non-educational local government employment rose by 84,000 jobs. State government employment declined by an equal 84,000 jobs, while federal government employment, excluding the Postal Service, declined by a fractional 0.9% or 40,000 jobs nationwide. 

Table 1: Employment Data Summary

Employment Change Dec. 2011 – Dec 2012

% Employment Change Dec. 2011-Dec. 2012

Employment Dec. 2012 (000)

Sector

Total Nonfarm Private Sector

134,021 112,096

1,056 1,464

0.8 1.3 1.7 2.3 2.3 1.4 1.2 0.9 2.1 1.5 5.1 1.1 -1.1 -1.3 -1.8 -1.4 -1.6 -2.0

Goods Producing Mining & Logging Construction Manufacturing Service Providing Trade, Trans. & Util.

18,389

313

837

19

5,564

123 171

11,988 93,707 25,532

1,151

-271

Information

2,625 7,776

-35

Financial Activities Prof. & Bus. Services Education & Health

69

18,065 20,531 13,116

367 295 668

Leisure & Hosp. Other Services

5,394

58

Government

21,925

-408

F ederal Government State Government Local Government

2,794 5,072

-40 -84

14,059

-284

44

BOX SCORE