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This report includes a summary of key changes, including the salary level test and salary basis test.

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September 07, 2007
Employers Trim Payrolls

Payroll employment dipped slightly in August, but the unemployment rate remained at 4.6 percent, according to a report by the Department of Labor's Bureau of Labor Statistics.

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Payroll employment fell by 4,000 jobs in August. During the past 3 months Payroll employment has grown little (44,000 per month on average), following downward revisions to June and July estimates.

In August, employment in manufacturing, construction, and local government education declined, while job growth continued in health care and food services.

The number of workers employed part time for economic reasons, at 4.5 million in August, was 359,000 higher than a year earlier. This category includes workers who indicated that they would like to work full time but were working part time because their hours had been cut back or because they were unable to find full-time jobs.

Meanwhile, average hourly earnings of production and nonsupervisory workers on private payrolls increased by 5 cents, or 0.3 percent, in August to $17.50, seasonally adjusted. Average weekly earnings grew by 0.3 percent over the month to $591.50. Over the year, both average hourly and weekly earnings rose by 3.9 percent.

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