About Meredith Craig

While she’s settling down in the Sunshine State, Meredith is a Carolina girl by birth. She earned her Master’s from the College of Charleston, but NC State will always be #1 in her heart. In the world of Adecco Group marketing, she helps brands grow their online communities. Outside of the office, Meredith is an avid traveler and wannabe yogi.

August brought fewer new jobs than expected, but several industries saw steady growth

Job-Market-TodayThe United States generated 142,000 new jobs in August, breaking the six-month streak of +200,000 job gains. This number comes in well below what economists were expecting, however, August is historically a slower month for job growth. The unemployment rate dropped slightly from 6.2 percent to 6.1 percent.  During the past year, the unemployment rate and the number of unemployed persons have declined by 1.1 percentage points, and 1.7 million, respectively.

Revisions to prior months showed that both June and July had seen 28,000 fewer new jobs than was previously reported. The June payroll number was revised from +298,000 to +267,000 and the July numbers were revised from +209,000 to +212,000.

Looking deeper into the BLS “Employment Situation – August 2014” report, here are some figures on job creation in specific industries:
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The latest BLS regional and metro-area unemployment figures

BLS-regional-metro-data-on-BLS-employment-report

Both regional and state unemployment rates saw little change in the United States metropolitan areas, according to the latest BLS “Metropolitan Area Employment and Unemployment” report. In July, the national unemployment rate increased slightly to 6.2 percent – 1.1 percentage points lower than July of last year. Forty-nine states and the District of Columbia have seen unemployment rate decreases over the past year.

Looking deeper into the July metro area numbers, Bismarck, North Dakota once again led the nation with the lowest unemployment rate — now at 2.4 percent, a decrease of 0.2 percentage points from June. Of the 372 metropolitan areas, 15 had jobless rates of at least 10 percent, whereas 68 areas had rates of less than 5.0 percent.
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Job growth in August was slow compared to previous months

Job-Market-TodaySource: BLS “The Employment Situation report – August 2014”

The United States saw an additional 142,000 jobs created in nonfarm payroll employment during the month of August, according to the latest Bureau of Labor Statistics (BLS) unemployment report.  Both professional and business services and healthcare saw the highest employment gains.

The total number of job gains came in under what economists expected, as many had forecasted another month of 200,000+ new jobs. Traditionally, August has always been a lower month in payroll additions, and often has a high number of revisions, so experts are noting that changes could be in store in next month’s report.

The unemployment rate changed little – dropping from 6.2 to 6.1 percent from the month prior. August breaks the six-month streak of 200,000+ job gains, but over the year, the unemployment rate and the number of unemployed persons are down by 1.1 percentage points and 1.7 million, respectively.

The June report was revised from +298,000 to +267,000, and the July payroll was revised from +209,000 to +212,000—28,000 fewer jobs than reported.

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July’s job creation less than expected, but still steady

Job-Market-TodayIn July, employment gains were widespread across sectors. The industries with the highest gains were professional and business services, manufacturing, retail trade and construction. Here are some key sector highlights from the BLS “The Employment Situation – July 2014” report:

Professional and Business Services

The industry that showed the highest job growth in July was professional and business services, adding 47,000 jobs to the economy, making the year-over-year total 648,000 jobs. Subsectors such as architectural and engineering services added 8,800 jobs (1.42 million total workforce), administrative and support services created 14,900 jobs (8.37 million total workforce) and temporary help services generated 8,500 jobs (2.88 million total workforce). In total, 19.23 million Americans were employed within this sector last month.
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July BLS Report: 209,000 jobs added to US economy

Job-Market-Today

Source: July 2014 BLS report

The U.S. Bureau of Labor Statistics released its July 2014 unemployment report, which showed an additional 209,000 jobs created in nonfarm payroll employment. The unemployment rate saw a small increase, rising from 6.1 percent to 6.2 percent.

July marks the sixth straight month in which we’ve seen gains of 200,000+ new jobs, confirming the continuation of positive economic growth in 2014. In the last year, the unemployment rate and the number of unemployed persons have declined by 1.1 percentage points, and 1.7 million, respectively.
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Adecco Experience: Meet the Talent

FB_followwinnersIn April, Adecco launched the Adecco Experience program across 50 countries as part of the Way to Work program. Four candidates from each country were selected to work as interns with some of the most exciting companies in the world. Once the internships wrap up in August, one of the 54 participants will be chosen to intern as ‘CEO of Adecco Group’ for an entire month, and will work directly with Adecco Group CEO Patrick De Maeseneire in Zurich, Switzerland.

After a rigorous application and interview process, Adecco Staffing US selected three college students and one recent graduate to participate in internships with some premier clients, including Honda of America Manufacturing, Inc., BMW of Manhattan, Inc., ANN INC. (the parent company of Ann Taylor and LOFT), and one of the largest financial services organizations in the country.

Now it’s time to introduce you to the talent! Do you think they have what it takes to run a Fortune Global 500 company with 31,000 employees in 60 countries around the world?

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