Huntington-Ashland, WV-KY-OH Jobs Report

February 2019 Jobs Report

Jobs Added

Metro -4,400
  • Month Over Month: -3.2%
  • 3 Month Average: -2,100
  • Year Over Year: -0.5%
State +6,900
  • Month Over Month: +0.4%
  • 3 Month Average: 4,500
  • Year Over Year: +1.2%
National +20,000
  • Month Over Month: 0.0%
  • 3 Month Average: 186,000
  • Year Over Year: +1.7%

Unemployment Rate

Metro 4.9%
  • Month Over Month: +0.3%
  • 3 Month Average: 4.8%
  • Year Over Year: -0.3%
State 4.2%
  • Month Over Month: -0.1%
  • 3 Month Average: 4.27%
  • Year Over Year: -0.1%
National 3.8%
  • Month Over Month: -0.2%
  • 3 Month Average: 3.9%
  • Year Over Year: -0.3%

5 Things to Know About the National Jobs Report

The Bureau of Labor Statistics reported the US unemployment declined to 3.8% in February from 4% in January. However, only 20,000 jobs were added to the economy. This is the lowest month of job gains since September 2017, when job growth took a hit due to major hurricanes. While winter weather could be partially to blame for February’s slow down, some experts speculate a weakening US and global economy are factors, too.

Regionally, the Bureau of Labor Statistics breaks down the state and metro unemployment rates one month behind the national breakdown. Those numbers will be released mid-month every month.

Our Senior Vice President, Bill Ravenscroft, spoke to The New York Times about one trend employers are practicing in the tight talent market: converting temporary workers into full time staff members. According to Ravenscroft, this high rate of conversion shows there is little concern for layoffs down the road, and that this confidence is not limited to one skill set or industry.

Here are 3 other things to know about February’s jobs report:

Worker Shortages: The Wall Street Journal estimates there are around 6.89 million job openings in the US, but according to February’s latest unemployment numbers, there are only 6.2 million unemployed individuals to fill them. On top of that, “job leavers” – defined by the BLS as workers who quit or voluntarily left their previous jobs and immediately began looking for other employment – have risen over the past 12 months. To learn more about the current worker shortage, and how to both find and retain your talent, download our latest White Paper here.

Wage Growth: Average hourly earnings increased by an impressive 11-cents in February, following a mere 2-cent gain in January. According to The New York Times, wages and salaries rose 3.4% over the year, the highest the rate has been in over a decade – since pre-recession days. Employers can expect to continue to see wages increase throughout 2019.

Worker Attraction Tactics: With job postings outpacing applicants, one way our company is attracting candidates and job seekers is by offering daily pay. To learn more about how daily pay, and how Adecco is combatting the labor shortage and finding ideal candidates, visit our article “The Benefits of Our Temp Jobs.”

Local Industry Job Growth from the B.L.S.

Accommodation & Food Services 0
  • From Last Month: 0.0%
  • 3 Month Average: 66
  • From Last Year: -1.2%
Manufacturing -100
  • From Last Month: -0.9%
  • 3 Month Average: 11
  • From Last Year: +1.9%
Retail Trade -800
  • From Last Month: -4.8%
  • 3 Month Average: 17
  • From Last Year: -8.0%
Goods Producing -700
  • From Last Month: -3.7%
  • 3 Month Average: 18
  • From Last Year: +6.5%

U.S. Job Growth for All Sectors

Local Job Reports

BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.