Filling The Talent Pool: Industries & places that are hiring

Jobs, at long last, appear to be back.

The U.S. economy added 298,000 jobs in June and another 209,000 jobs in July, according to the Bureau of Labor Statistics. Over the past six months, the economy has added 1.5 million jobs, marking the strongest six-month stretch for hiring since 2006. Meanwhile, job openings in the U.S. recently rose to the highest level in five years.

“It feels to me like the job market is humming,” Mark Zandi, chief economist at Moody’s Analytics, told the Houston Chronicle.

This is very good news for sure. Yet, good news that comes with a unique challenge. As the demand for workers grows, filling the talent pool becomes increasingly difficult.
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How businesses can help close the skills gap

The-skills-gap-is-realAddressing the ongoing skills gap in the job market is a complex challenge that requires buy-in from every party involved: educators, job seekers, educational institutions, and employers and businesses as well. Placing the burden of responsibility on educators isn’t a sustainable solution, though it is true that these institutions require reform and adjustment, especially earlier on in the educational system. To see positive change more rapidly, businesses would be wise to undertake some of the responsibility in closing the skills gap. Here are a few things that employers can start implementing to get job seekers up to speed in the short-term and contribute to closing the skills gap in the long-term:
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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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While most metropolitan areas show improvement, the West continues to have the highest unemployment in the US.


“The Employment Situation — July 2014” national BLS report showed a continuation of monthly job gains, adding 209,000 new jobs to the economy. This marks the sixth straight month we’ve seen increases of 200,000+ jobs.

Both regional and state unemployment rates saw little change in the United States metropolitan areas, according to the BLS’ latest “Metropolitan Area Employment and Unemployment” report. In June, the national unemployment rate declined slightly to 6.1 percent – 1.4 percentage points lower than a year earlier. In fact, forty-nine states and the District of Columbia have seen unemployment rate decreases over the past year.

Looking deeper into the June metro area numbers, Bismarck, North Dakota once again led the nation with the lowest unemployment rate — now at 2.6 percent, an increase of 0.4 percentage points from May. Of the 372 metropolitan areas, 10 had jobless rates of at least 10 percent, whereas 74 areas had rates of less than 5.0 percent.

In other positive news, unemployment decreased in 359 of 372 metropolitan areas, increased in 10 areas and was unchanged in 3 areas. Additionally, each of the 34 metropolitan divisions had over-the-year employment gains since June 2013. The largest over-the-year percentage increase in employment among these divisions occurred in Orlando-Kissimmee-Sanford, Fla. (+3.7 percent), followed by Austin-Round Rock-San Marcos, Texas and Dallas-Fort Worth-Arlington, Texas (+3.6 percent each).

Here are some key regional highlights from the BLS “Metropolitan Area Employment and Unemployment — June 2014” report:
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July BLS Report: 209,000 jobs added to US economy


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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Metropolitan employment showing improvement nationwide

Jobs report: in your regionSources: Metropolitan Area Employment and Unemployment Report – May 2014Regional and State Employment and Unemployment – May 2014

The national BLS “The Employment Situation — June 2014” report showed another surge in employment, adding 288,000 new jobs to the economy, the fifth straight month to show 200,000+ job gains.  Economists are hopeful that this upswing will continue as we enter the third quarter.

Both regional and state unemployment rates saw little change in the United States metropolitan areas, according to the BLS’ latest Metropolitan Employment and Unemployment report. In May, the national unemployment rate held at 6.3 percent after April’s drop of 0.4 percent, proving to be 1.2 percentage points lower than it had been a year earlier. In fact, forty-nine states and the District of Columbia have seen unemployment rate decreases over the past year.
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