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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.
44
BOX
SCORE
Table 1: Employment Data Summary
Sector
Employment
Dec. 2012 (000)
Employment Change
Dec. 2011 – Dec 2012
% Employment Change
Dec. 2011-Dec. 2012
Total Nonfarm
134,021
1,056
0.8
Private Sector
112,096
1,464
1.3
Goods Producing
18,389
313
1.7
Mining & Logging
837
19
2.3
Construction
5,564
123
2.3
Manufacturing
11,988
171
1.4
Service Providing
93,707
1,151
1.2
Trade, Trans. & Util.
25,532
-271
-1.1
Information
2,625
-35
-1.3
Financial Activities
7,776
69
0.9
Prof. & Bus. Services
18,065
367
2.1
Education & Health
20,531
295
1.5
Leisure & Hosp.
13,116
668
5.1
Other Services
5,394
58
1.1
Government
21,925
-408
-1.8
F
ederal Government
2,794
-40
-1.4
State Government
5,072
-84
-1.6
Local Government
14,059
-284
-2.0