Contents Current Employment Statistics Highlights
Current Employment Statistics HighlightsDetailed Industry Employment AnalysisContentsSummaryMining & LoggingCurrent Employment sale TradeRetail TradeTransportation, Warehousing, & UtilitiesInformationFinancial ActivitiesProfessional & Business ServicesPrivate Education & Health ServicesLeisure & HospitalityOther ServicesGovernmentMay 2020Release Date: June 5, 2020Prepared by Analysts of the National Estimates BranchCurrent Employment Statistics SurveyU.S. Bureau of Labor Statistics202-691-6555Email CES
CES HighlightsRelease Date: June 5, 2020Current Employment Statistics Survey Summary, May 2020Nonfarm payroll employment rose by 2.5million in May, after dropping by a staggering22.1 million in March and April, combined.The May change reflects limited resumption ofeconomic activity that had been curtailed inMarch and April due to effects of thecoronavirus (COVID19) pandemic and effortsto contain it.Leisure and hospitality accounted for aboutone-half of the May employment increase.Large job gains also occurred in construction,education and health services, and retailtrade. By contrast, employment in governmentdeclined sharply.Average hourly earnings of all employeeson private-sector payrolls fell by 29 cents or1.0 percent in May. Hourly earnings had risenby 1.35 in April. Over the year, hourlyearnings have increased by 6.7 percent.Average weekly hours rose by 0.5 hour to 34.7hours. Caution is advised in interpreting recenttrends in total private hours and earnings.Monthly changes in employment composition,especially in lower-paying and lower-hourindustries, have been the driving force ofrecent changes in hours and earnings.The employment change for April reviseddown by 150,000 to -20,687,000, and thechange for March revised down by 492,000 to-1,373,000. On net, employment over theseSummaryMining &LoggingConstructionManufacturingEmployment in total nonfarmJanuary 2002–May 2020Seasonally adjusted, in thousands160,000155,000150,000May 2020 Level: 132,912OTM Change: 18Jan-20Bureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Shaded area represents recession as denoted by the National Bureau of Economic Research.Most recent 2 months of data are preliminary.* denotes significance.months is 642,000 lower than previouslyreported.Changes made to the estimation methods forthe establishment survey in April to betteraccount for temporary or permanent businessclosures were kept in place for May. Also, afterfurther research, BLS extended these changesTrade:WholesaleRetailTransp.,Warehousing& UtilitiesInformationFinancialActivitiesback to March, which accounted for a portionof the revision to March data. The impacts ofthe pandemic on the payroll survey aredetailed in the May Employment Situationnews release and accompanying materials(available on the BLS website ssional& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
CES HighlightsRelease Date: June 5, 2020Current Employment Statistics Summary, May 2020.htm). The response rate for the establishmentsurvey was slightly below normal for May;however, CES was still able to produceestimates that meet BLS standards foraccuracy and reliability.Employment in total nonfarmSeasonally adjusted, in uction*225Manufacturing*21Wholesale trade*368Retail trade*-19Transportation and warehousing*-2Utilities*-38Information*33Financial activities*127Professional and business services*424Education and health services*1,239Leisure and hospitality*272Other services*-585-1,500 424,000 Education and Health ServicesEmployment in health care rose by 312,000following declines totaling 1.6 million in Marchand April. In May, ambulatory health careservices added 376,000 jobs, while hospitalsand nursing and residential care facilities lostjobs.Mining &LoggingMining and logging*464 1,239,000 Leisure and HospitalityIn May, leisure and hospitality recovered1.2 million of 8.3 million jobs lost in March andApril. Food services and drinking placesaccounted for 1.4 million jobs gained in May.Employment continued to fall inaccommodation, which has lost 1.1 millionjobs over the past 3 months. 464,000 ConstructionConstruction employment rose by 464,000in May after declining by 1.1 million in theprior 2 months. The job gains in May weredistributed throughout construction.Total nonfarm:2,509*Over-the-month change, May May 20201,0001,5002,000Prior 12-month averageBureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Data are preliminary.* denotes significance 368,000 Retail TradeRetail trade added 368,000 jobs in Mayfollowing declines totaling 2.4 million inMarch and April. Job gains were spreadacross most retail industries, includingsizable gains in clothing and clothingaccessories ( 95,000), automobile dealersSocial assistance added 78,000 jobs inMay after losing 692,000 jobs in theprevious 2 months.Transp.,Warehousing& l& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
CES HighlightsRelease Date: June 5, 2020Current Employment Statistics Survey Summary, May 2020( 85,000), and general merchandise stores( 84,000). Electronics and appliance storeslost 95,000 jobs over the month. 272,000 Other ServicesEmployment in other services rose by272,000 in May, following losses totaling 1.4million in the prior 2 months. In May, personaland laundry services added 182,000 jobs,while repair and maintenance services added77,000. 225,000 ManufacturingManufacturing added 225,000 jobs afterlosing about 1.4 million in March and April. InMay, gains were distributed among durablesgoods ( 119,000) and nondurables goods( 106,000) industries. 127,000 Professional and Business ServicesEmployment in professional and businessservices rose by 127,000 over the month,following declines totaling 2.3 million in Marchand April. In May, administrative and wasteservices added 109,000 jobs. 33,000 Financial ActivitiesEmployment increased by 33,000 infinancial activities after declining by282,000 in March and April. In May, rentaland leasing services added 21,000 jobs,while activities related to creditintermediation added 6,000. 21,000 Wholesale TradeEmployment in wholesale tradeincreased by 21,000 after falling by a total395,000 in March and April.-585,000 GovernmentGovernment lost 585,000 jobs in May,bringing total job losses to 1.6 million overthe past 2 months. Local governmentaccounted for 487,000 of the May loss and797,000 of the April loss.activities for mining (-16,000) and in oiland gas extraction (-7,000). Coal miningadded 5,000 jobs over the month, mostlyoffsetting a decline in April. Since reachinga peak in January 2019, employment inmining has declined by 113,000, with 68percent of the losses occurring over thepast 3 months.-19,000 Transportation and WarehousingEmployment in air transportationdeclined by 50,000 in May, following adecrease of 79,000 in April. The May losswas partly offset by job gains in couriersand messengers ( 12,000), transit andground passenger transportation( 10,000), and in warehousing and storage( 9,000).-38,000 InformationInformation lost 38,000 jobs in Mayfollowing a loss of 272,000 in April.Weakness in the sector was widespread.-20,000 Mining and LoggingMining employment fell by 20,000 inMay, with losses concentrated in supportSummaryMining tailTransp.,Warehousing& l& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
Release Date: June 5, 2020CES HighlightsMining and LoggingEmployment in miningJanuary 2002–May 2020Seasonally adjusted, in thousands1,000May 2020 Level: 582OTM Change: -20*900Mining employment declined by 20,000 inMay, bringing the 3-month net job loss to77,000. Over the month, support activitiesfor mining (-16,000) and oil and gasextraction (-7,000) lost jobs. Coal miningadded 5,000 jobs, largely offsetting adecline of 8,000 in April.Mining employment losses are reflectedin May indicator data, which show declinesin the North American rotary rig count.800700Logging employment, which had declinedby 5,000 in April, changed little in an-14Jan-16Jan-18Jan-20Bureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Shaded area represents recession as denoted by the National Bureau of Economic Research.Most recent 2 months of data are preliminary.* denotes significance.SummaryMining tailTransp.,Warehousing& l& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
Release Date: June 5, 2020CES HighlightsConstructionConstruction employment increased by464,000 in May, as businesses started toresume activity after the coronaviruspandemic reduced employment by 1.1million in April and March. Strength inspecialty trade contractors ( 325,000) andconstruction of buildings ( 105,000)combined for most of the job growth in May.Heavy and civil engineering constructionadded 34,000 jobs.Employment in constructionJanuary 2002–May 2020Seasonally adjusted, in thousands8,5008,0007,5007,0006,5006,0005,500May 2020 Level: 7,043OTM Change: Jan-14Jan-16Jan-18Jan-20Bureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Shaded area represents recession as denoted by the National Bureau of Economic Research.Most recent 2 months of data are preliminary.* denotes significance.SummaryMining tailTransp.,Warehousing& l& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
Release Date: June 5, 2020CES HighlightsManufacturingIn May, manufacturing employment increased by 225,000 after fallingby 1.4 million in April and March. The gains in May were spread betweendurable goods ( 119,000) and nondurable goods ( 106,000).Employment in manufacturingJanuary 2002–May 2020Seasonally adjusted, in thousands17,00016,000The manufacturing 1-month diffusion index rebounded to 70.4 from3.3 in April, as manufacturers started to resume business activity. A valueover 50 indicates that more manufacturing industries are adding jobsthan are losing jobs.May 2020 Level: 11,707OTM Change: Bureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Shaded area represents recession as denoted by the National Bureau of Economic Research.Most recent 2 months of data are preliminary.* denotes significance.Average weekly hours, manufacturingAverage hourly earnings for all employees stood at 28.96, reflecting adecrease of 32 cents but following a 93-cent increase in April. Averagehourly earnings of production and nonsupervisory workers fell by 7 centsto 22.71 in May.January 2007–May 2020Seasonally adjusted42.5Production employeesLevel: 39.4Change: 0.942.0Average weekly hours for all employees in manufacturing rose 0.8hour to 38.9 hours over the month, after declining by 2.3 hours in April.The average workweek of production workers in manufacturingincreased 0.9 hour to 39.4 hours in May. Average weekly overtime hoursfor all employees in manufacturing increased by 0.3 hour to 2.4 hours.Average weekly overtime hours for production workers rose 0.4 hour to3.2 hours.41.541.040.5All employeesLevel: 38.9Change: -15Jan-17Jan-19Bureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Shaded area represents recession as denoted by the National Bureau of Economic Research.Most recent 2 months of data are preliminary.SummaryMining tailTransp.,Warehousing& l& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
Release Date: June 5, 2020CES HighlightsWholesale TradeEmployment in wholesale trade increased by21,000 in May, a small rebound from the383,000 jobs lost in April. Nondurable goodsadded 13,000 jobs after shedding 152,000 inApril. Employment in durable goods and inelectronic markets and agents and brokerschanged little in May.Employment in wholesale tradeJanuary 2002–May 20206,200Seasonally adjusted, in thousandsMay 2020 Level: 5,561OTM Change: 08Jan-10Jan-12Jan-14Jan-16Jan-18Jan-20Bureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Shaded area represents recession as denoted by the National Bureau of Economic Research.Most recent 2 months of data are preliminary.* denotes significance.SummaryMining tailTransp.,Warehousing& l& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
Release Date: June 5, 2020CES HighlightsRetail TradeEmployment in retail trade rose by368,000 in May, after dropping by 2.4million in March and April, combined.Over the 3-month period, industryemployment declined by 2.0 million.Employment in retail tradeOver-the-month change, January 2017–May 2020Seasonally adjusted, in 9028500-500-1,000-1,500Recent retail-related economicindicators are mixed. Retail Salesdeclined sharply in April. The per gallonprice of regular gasoline increased inMay (U.S. Energy InformationAdministration). Contrarily, theConsumer Confidence Index increased l-18Jan-19Jul-19Jan-20Bureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Most recent 2 months of data are preliminary.SummaryMining tailTransp.,Warehousing& UtilitiesInformationFinancialActivitiesJob gains were widespread in May,with considerable gains in clothing andclothing accessories stores ( 95,000),automobile dealers ( 85,000), andgeneral merchandise stores ( 84,000).Employment in electronics andappliance stores declined by 95,000 overthe month.Professional& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
Release Date: June 5, 2020CES HighlightsTransportation and WarehousingEmployment in transportation and warehousing decreased by 19,000 inMay after dropping 553,000 jobs in April. Driving the May decline, airtransportation lost 50,000 jobs, following a decline of 79,000 in April.Employment in couriers and messengers rose by 12,000 in May,following a gain of 4,000 in April. Hiring in the industry likely reflects anApril surge in daily U.S. e-commerce sales as consumers modify theirshopping habits due to the pandemic.Transit and ground passenger transportation ( 10,000) andwarehousing and storage ( 9,000) also added jobs in May.SummaryMining tailTransp.,Warehousing& l& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
Release Date: June 5, 2020CES HighlightsUtilitiesEmployment in utilities declined by2,000 in May, bringing the 3-month lossto 6,000.Employment in utilitiesJanuary 2002–May 2020Seasonally adjusted, in thousands620600May 2020 Level: 540OTM Change: 2Jan-14Jan-16Jan-18Jan-20Bureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Shaded area represents recession as denoted by the National Bureau of Economic Research.Most recent 2 months of data are preliminary.* denotes significance.SummaryMining tailTransp.,Warehousing& l& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
Release Date: June 5, 2020CES HighlightsInformationInformation employment declined by 38,000 in May following a recorddecline of 272,000 in April. May marked the lowest employment level forthis industry since August 1989.Employment in informationJanuary 1990–May 2020Seasonally adjusted, in thousands3,8003,600May 2020 Level: 2,578OTM Change: -38*3,4003,2003,0002,8002,6002,4002,200Bureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Shaded area represents recession as denoted by the National Bureau of Economic Research.Most recent 2 months of data are preliminary.* denotes significance.Employment in informationInformation: -38*Over-the-month change, May 2020Seasonally adjusted, in thousands-5Publishing industries, except Internet-11Motion picture and sound recording industries-6Broadcasting, except Internet*-8Telecommunications*-4Data processing, hosting and related services-5-20-15The May losses were spread across the component industries, withbroadcasting, except internet (-6,000), telecommunications (-8,000), andother information services (-5,000) losing jobs.-10-5May 2020Other information services*05Prior 12-month averageBureau of Labor Statistics, Current Employment Statistics Survey, June 05, 2020.Data are preliminary.* denotes significanceSummaryMining tailTransp.,Warehousing& l& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
Release Date: June 5,2020CES HighlightsFinancial ActivitiesEmployment in selected financial activitiesFinancialactivities:33*Over-the-month change, May 2020Seasonally adjusted, in thousandsEmployment in financial activities roseby 33,000 in May, following lossestotaling 282,000 in the prior 2 months.Job gains in May were concentratedin real estate and rental and leasing( 24,000) and in credit intermediationand related activities ( 7,000).7Credit intermediation¹*1- Commercial bankingOver the prior 2 months, real estateand rental and leasing lost 236,000 jobs,and credit intermediation lost 33,000jobs.1Securities and commodities0Insurance carriers and related activities24Real estate and rental and leasing*-30-20-10010May 2020203040Prior 12-month averageBureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Data are preliminary.¹ Includes additional component industries not shown separately.* denotes significanceSummaryMining tailTransp.,Warehousing& l& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
Release Date: June 5, 2020CES HighlightsProfessional and Business ServicesEmployment in professional and business servicesEmployment in professional and business services increased by127,000 in May, after declining by 2.3 million in April and March.May employment gains occurred in administrative and wasteservices ( 109,000), and professional and technical service( 40,000). Management of companies and enterprise lost 22,000jobs in May.Over-the-month change, January 2017–May 2020Seasonally adjusted, in 00-1,000Within administrative and waste services, services to buildingsand dwellings added 68,000 jobs in May, following losses totaling270,000 over the prior 2 months. Temporary help services added39,000 jobs, after losing 892,000 jobs in April and n-18Jul-18Jan-19Jul-19Jan-20Within professional and technical services, job gains occurred inother professional and technical services ( 21,000) and inaccounting and bookkeeping services ( 13,000), while computersystems and design shed 13,000 jobs in May.Bureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Most recent 2 months of data are preliminary.Employment in selected professional and business servicesOver-the-month change, May 2020Professional andbusiness services:127*Seasonally adjusted, in thousandsProfessional and technical¹*40.0- Accounting and bookkeeping*13.0- Architectural and engineering7.0- Computer systems design*-13.0- Management and technical consulting7.0Management of companies*-22.0Administrative and waste services¹*109.0- Employment services*41.0- Services to buildings*68.0-60-40-20020406080100120140Bureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Data are preliminary.¹ Includes additional component industries not shown separately.* denotes significanceSummaryMining tailTransp.,Warehousing& l& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
Release Date: June 5, 2020CES HighlightsPrivate Education and Health ServicesIn May, employment in health care and social assistance increased by391,000 following declines totaling 2.3 million in March and April.Educational services added 33,000 jobs after losing 505,000 in the previous2 months.Employment in education and health servicesOver-the-month change, January 2017–May 20201,500Seasonally adjusted, in 500-1,000Within social assistance, child day care services ( 44,000), and individualand family services ( 29,000) added jobs in May, after losing 370,000 and246,000 jobs, respectively, over the prior 2 ul-17Jan-18Jul-18Jan-19Jul-19Jan-20Bureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Most recent 2 months of data are preliminary.Employment in selected health care industriesOver-the-month change, May 2020Seasonally adjusted, in thousands376Ambulatory health care services¹*51- Offices of physicians*245- Offices of dentists*11- Outpatient care centers*-3-100In May, employment in nursing and residential care facilities fell by37,000, while hospitals shed 27,000 jobs.Hospitals*-37-200Employment in ambulatory health care services increased by 376,000 inMay, with offices of dentists ( 245,000) accounting for almost two-thirdsof the gains. Offices of other health practitioners ( 73,000), offices ofphysicians ( 51,000), and outpatient care centers ( 11,000) also addedjobs.- Home health care services-27-300Health careindustries:312*Nursing and residential care*0100200May 2020300400500Prior 12-month averageBureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Data are preliminary.¹ Includes additional component industries not shown separately.* denotes significanceSummaryMining tailTransp.,Warehousing& l& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
Release Date: June 5, 2020CES HighlightsLeisure and HospitalityLeisure and hospitality added more than 1.2 million jobs in May,rebounding somewhat after record losses in April (-7.5 million) andMarch (-743,000).Employment gains were concentrated in food services and drinkingplaces ( 1.4 million), while depressed demand contributed to continuedlosses in accommodation (-148,000).Average hourly earnings for all leisure and hospitality workers fell by56 cents to 17.39 in May, after jumping 1.09 in April. The changes inaverage earnings were driven largely to the large job loss in April and apartial return in May of lower-earning employees.Employment in food services and drinking places increased by nearly1.4 million in May as restaurant operators remained confident ofimproved near-term economic conditions following mandatory COVID-19closures. Since February, the industry has lost a net 4.7 million jobs.The average workweek for nonsupervisory employees in food servicesand drinking places establishments rose to 24 hours in May (an increaseof 2.4 hours), mostly offsetting the downward movement seen over theprior 2 months.SummaryMining tailTransp.,Warehousing& l& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
Release Date: June 5, 2020CES HighlightsOther ServicesEmployment in other services grew by272,000 in May following a decrease of 1.4million in March and April, combined. InMay, personal and laundry services( 182,000), and repair and maintenance( 77,000) added jobs. According to a mediareport, by the middle of May, some stateshad partially lifted restrictions on personalcare businesses such as barbershops andhair and nail salons.Employment in other servicesJanuary 2002–May 2020Seasonally adjusted, in thousands6,4006,2006,0005,8005,6005,4005,200May 2020 Level: 4,850OTM Change: -08Jan-10Jan-12Jan-14Jan-16Jan-18Jan-20Bureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Shaded area represents recession as denoted by the National Bureau of Economic Research.Most recent 2 months of data are preliminary.* denotes significance.SummaryMining tailTransp.,Warehousing& l& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
Release Date: June 5, 2020CES HighlightsGovernmentEmployment in selected governmentGovernment:-585*Over-the-month change, May 2020Seasonally adjusted, in thousands-15Over the past 2 months, governmentemployment has declined by 1.5 million,with state and local education accountingfor 64 percent of the losses.Federal, except U.S. Postal Service*1U.S. Postal Service*-63Federal government employment fell inMay, due to the layoff of 15,000 temporarydecennial census workers.State government education*-21Government employment decreased by585,000 in May, with local governmentaccounting for 487,000 of the loss.State government, excluding education*-310Local government education*-177Local government, excluding education*-400 -350 -300 -250 -200 -150 -100May 2020-50050100Prior 12-month averageBureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020.Data are preliminary.* denotes significanceSummaryMining tailTransp.,Warehousing& l& BusinessServicesPrivateEducation& HealthServicesLeisure &HospitalityOtherServicesGovernment
Current Employment Statistics HighlightsDetailed Industry Employment AnalysisCES AnalystsOsman AlhassanRyan AnsellHyun ChoiSteve CrestolPurva DesaiTyler DowningKatelynn HarrisMatthew HongMike McCallJohn MullinsMichael OsifalujoRhiannon SneeringerPrepared by Staff of the National Estimates BranchCurrent Employment Statistics SurveyU.S. Bureau of Labor Statistics202-691-6555Email CES
Bureau of Labor Statistics, Current Employment Statistics survey, June 05, 2020. Shaded area represents recession as denoted by the National Bureau of Economic Research. Most recent 2 months of data are preliminary. * denotes significance. January 2002–May 2020. Seasonally adjusted, in thousands. Current
(24 mo. max with 6 mo. Ext by VR&EO) Employment . Thru Long-Term . Services . Self Employment (monitor 1 yr. min) Rapid Access . To Employment . Re-Employment . VR&E Process 6 . 5 Tracks to Employment 7 Re-employment Rapid Access to Employment Employment through Long-Term Services
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Indirect employment in aged care 3 Contents 1. About this study 4 Defining key concepts and the study's scope 8 2. Current employment arrangements in aged care 12 The aged care workforce: an overview 12 Indirect employment in aged care 15 Regulation of indirect employment in aged care 19 3. Impacts of indirect employment in aged care 22
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Occupational Statistics and Employment Projections of the U.S. Bureau of Labor Statistics. Occupational employment projections to 2022 Total employment in the U.S. economy is projected to grow by 15.6 million during the 2012–2022 decade to reach 161 million; this represents a 10.8-percent employment increase.
The Employment Service provides access to labour market and employment services to all Ontarians. Employment Insurance (EI) eligible status does not determine eligibility for any component of the Employment Service. 2.2 Strategic Priorities of the Employment Service The Employment Service assisted services (see section 2.5) target vulnerable
government-sector employment. Regressions of either private-sector employment rates or unemployment rates on two measures of public-sector employment point to full crowding out. This means that high rates of public employment, which incur substantial fiscal costs, have a large negative impact on private employment rates and do not reduce overall
Asset management is therefore about aligning the way we manage our assets with our corporate objectives. In the case of Network Rail our principle aim is the delivery of our outputs in a safe and sustainable way, balancing life cycle costing with initial affordability. Our decision making always considers whole system and lifecycle costs and is subject to continual refinement from our .
