From the classroom to the boardroom: Job search tips for the recent graduate
Adecco USA Job Market Update -- September 2015 Report
1. •
Job Market Update
U.S. Economic Data
Reflective of the Bureau of Labor Statistics
“The Employment Situation – August 2015”
As of September 2015
2. •
Overview of “The Employment Situation”
• The August report showed an overall
monthly gain of 173,000 jobs – below the
previous twelve-month average of
247,000 per month.
- This was 47,000 less than forecasted
- It was the first time since April that job gains
have been below 200,000.
• The unemployment rate dropped 0.2% to
5.1%
• Revisions to prior months:
- The June number was revised from +231,000 to
+245,000
- The July number was revised from +215,000 to
+245,000
- That’s a total of 44,000 more jobs than was
previously reported
2
3. •
173,000 new jobs added in August
213
250
221
423
329
201
266
119
187
260
245 245
173
14-AUG SEPT OCT NOV DEC JAN FEB MAR APR MAY JUN JUL 15-AUG
InThousands
3
* Numbers are seasonally adjusted. Source: BLS
4. •
Employment in August
• Total nonfarm payroll employment
increased by 173,000 jobs in August, which
is below the 12-month average of 247,000
- Unemployment edged down to 5.1%, the
lowest since April 2008
- The number of long-term unemployed was
little changed at 2.2 million
- Over the year, the number of long-term
unemployed has declined by 779,000
• Discouraged workers in August was
624,000 – virtually unchanged
- Has drastically fallen in last 12-months, from
775,000
• Average hourly payrolls up .08 cents, to $25.09
4
JOBS GAINED IN AUGUST
UNEMPLOYMENT RATE
173,000
5.1%
5. •
August’s private job creation statistics
• United States private sector jobs
increased during August, generating
over 140,000 jobs
- Highest increase in employment seen
within health care, leisure and hospitality
and professional and business services,
which includes temporary help
- Biggest losses in manufacturing and
mining
5
Source: BLS
8. •
Employment in total nonfarm
-10.0
3
-17
7.8
11.2
7.3
-7
19
33
62
33
10.7
-4
33
-30.0 -20.0 -10.0 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0
Mining and logging
Construc on
Manufacturing
Wholesale trade
Retail trade
Transporta on and warehousing
Informa on
Financial ac vi es
Professional and Business services
Educa on and health services
Leisure and hospitality
Temporary help services
Other services
Government
Over-the-monthchange, August 2015
8
* Numbers are seasonally adjusted in thousands.
Source: BLS, Current Employment Statistics Survey, August 2015
9. •
State & Regional Report – July 2015
• State and Regional unemployment rates were little changed in July
• 34 states reported an increase in employment from the prior month, while 16 states,
plus the District of Columbia reported decreases
- Over the year, 47 states and the District of Columbia have reported increases, and
only 4 have reported decreases in overall employment
• The Midwest had the lowest regional unemployment rate at 4.8% (falling from 5.0%),
and the West had the highest unemployment rate at 5.7% (down from 5.8%)
• Utah reported the lowest unemployment rate, at 3.6%, while West Virginia showed the
highest monthly rate of 7.5%, well above the national average
• California (+80,700), Texas (+31,400) and Florida (+30,500) reported the most
significant over-the-month employment increases in July
• Just New Jersey reported significant declines in unemployment in July, decreasing by
13,600 jobs
9
State and regional employment data from previous month. Source: BLS
10. •
Mid-Atlantic Region – July 2015
10
State and regional employment data from previous month. Source: BLS
11. •
New York, New Jersey Region – July 2015
11
State and regional employment data from previous month. Source: BLS
12. •
Midwest Region – July 2015
12
State and regional employment data from previous month. Source: BLS
13. •
Mountain-Plains Region – July 2015
13
State and regional employment data from previous month. Source: BLS
14. •
New England Region – July 2015
14
State and regional employment data from previous month. Source: BLS
15. •
Southeast Region – July 2015
15
State and regional employment data from previous month. Source: BLS
16. •
Southwest Region – July 2015
16
State and regional employment data from previous month. Source: BLS
17. •
West Region – July 2015
17
State and regional employment data from previous month. Source: BLS