Professional & Business Services Sector Leads September’s Job Growth

October US Jobs ReportIn September, the United States generated 248,000 new jobs, a huge jump from last month’s gain of 142,000. The positive news continued as the unemployment rate declined by 0.2 percentage points — dropping from 6.1% to 5.9%, which is the lowest we’ve seen since September 2008. Over the past year, the unemployment rate has declined by 1.3 percentage points and the unemployed persons by 19 million.

In the third quarter, job growth vacillated, improving upon the second quarter’s success. Revised numbers were released, showing that both July and August experienced combined growth of 69,000 more than previously reported. The July payroll number was revised from +212,000 to +243,000 and the August numbers were revised from +142,000 to +180,000.
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The Jobs Report by Metro-Area – How Did Your Region Do?

BLS-regional-metro-data-on-BLS-employment-reportThe national BLS “The Employment Situation report – September 2014” report showed an unexpected surge in employment, adding 248,000 new jobs to the economy – 100,000+ more jobs than the previous month. Economists are hopeful that this upswing will continue as we enter into the fourth quarter.

Looking to the BLS’ latest “Metropolitan Area Employment and Unemployment” report, both regional and state unemployment rates saw little change in the United States during the month of August. Last month, the national unemployment rate showed little change, dropping just .1 percentage points to 6.2 – 1.1 percentage points lower than August 2013. Overall unemployment changes have been positive, with forty-five states and the District of Columbia showing unemployment rate decreases over the past 12 months.
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September’s Job Gains Back to 200,000+

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

The job market is looking up! The U.S. Bureau of Labor Statistics released its September 2014 unemployment report this morning, showing an overall monthly gain of 248,000 jobs – considerably higher than last month’s reported gain of 142,000. The unemployment rate also saw an impressive decline of 0.2 percentage points, dropping from 6.1 percent to 5.9 percent, which is the lowest rate we’ve seen since September, 2008.

Revisions to prior months show that both July and August experienced more growth than was previously reported. The July payroll number was revised from +212,000 to +243,000 and the August number was revised from +142,000 to +180,000. That makes a combined 69,000 more jobs than initially reported.
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Adecco Publishes Global Study on the Use of Social Media in Recruitment and Job Searching

SocialRecruitingSocial media has become the universal domain for both recruiters and job seekers alike.  Social media websites are essentially storefronts in the new marketplace for jobs.

As the global leader in HR solutions, Adecco wants to better understand how people interact in this new marketplace: how they search for jobs, which platforms they use and how they present themselves online. This is why we’ve completed our first global study on the use of social media in recruiting and job search.

About the study

Developed by Adecco Group in partnership with the Catholic University of Milan, Italy, the study is the most comprehensive research of its kind to date. Responses from 17,272 job seekers and 1,501 recruiters from 24 countries were collected. The topics of research include:

  • The use of social media for professional purposes
  • The effectiveness of social media in the matching of job seekers with open positions in the job market
  • The relevance of web reputation and its impact on recruiting
  • The social capital of individual candidates
  • How recruiters explore the web when looking for a candidate

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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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