Real time jobs report data summary. Figures are based on the latest data provided by the Bureau of Labor Statistics (BLS.gov). All jobs numbers are for non-farm employment.
Wilmington, DE-MD-NJ Jobs Report
February 2024 Jobs Report
Jobs Added
- Month Over Month: 0.0%
- 3 Month Average: 1,500
- Year Over Year: +2.2%
- Month Over Month: +0.3%
- 3 Month Average: 6,867
- Year Over Year: +1.6%
- Month Over Month: +0.2%
- 3 Month Average: 264,667
- Year Over Year: +1.8%
Unemployment Rate
- Month Over Month: 0.0%
- 3 Month Average: 3.67%
- Year Over Year: -0.2%
- Month Over Month: 0.0%
- 3 Month Average: 4.8%
- Year Over Year: +1.0%
- Month Over Month: +0.2%
- 3 Month Average: 3.77%
- Year Over Year: +0.3%
February brings a sharp rise in unemployment
Yet again, the numbers from the Bureau of Labor Statistics (BLS) surprised experts.
The labor market added 275,000 jobs in February – more than 75,000 above what was expected. The other surprise? The unemployment rate also rose, after four months of holding steady.
Some of the other important numbers from this BLS report weren’t from February. Both January and December totals were revised downward, which means fewer jobs were added than BLS originally stated. This shows the labor market is continuing to stay solid and normalize.
The other important takeaways from this BLS report include:
• 3.9% unemployment rate – the highest unemployment rate seen in two years
• February was the 25th month in a row where unemployment was under 4% – the longest stretch in over 50 years
• Wage rates increased only 0.1% – the slowest pace since February 2022
• For the third straight month, labor force participation rate held at 62.5%
• Healthcare industry and leisure and hospitality continued their strong streak
• January’s jobs numbers were revised downward by 124,000 – meaning jobs added in January only totaled 229,000
Ready for the unexpected
Will a steady labor market continue? Will more people get back to work? What wage rates will workers expect now?
At Adecco, we’re used to hearing these questions. Whether the labor market is calm or chaotic, we tune out the noise.
Instead, our staffing strategies rely on the latest data and market research. Our tools, including the Cost of Living Calculator and Salary Calculator, are designed to provide our clients with the knowledge they need to make data-informed decisions.
Contact us today to learn more about Adecco Analytics or to discuss your staffing needs for the year ahead.
Local Industry Job Growth from the B.L.S.
- From Last Month: -0.2%
- 3 Month Average: 41
- From Last Year: +1.5%
- From Last Month: -1.9%
- 3 Month Average: 26
- From Last Year: +2.0%
- From Last Month: 0.0%
- 3 Month Average: 18
- From Last Year: +4.0%
- From Last Month: +2.9%
- 3 Month Average: 35
- From Last Year: -1.7%
- From Last Month: 0.0%
- 3 Month Average: 1
- From Last Year: +25.0%
- From Last Month: -1.9%
- 3 Month Average: 37
- From Last Year: +4.0%
- From Last Month: +0.5%
- 3 Month Average: 20
- From Last Year: +2.0%
U.S. Job Growth for All Sectors
Local Job Reports
- Alabama
- Arizona
- Arkansas
- California
- Ontario
- Anaheim-Santa Ana-Irvine, Metro Division
- Fresno
- Modesto
- Napa
- Chico
- Stockton-Lodi
- Riverside-San Bernardino-Ontario
- Redding
- Oxnard-Thousand Oaks-Ventura
- Sacremento-Arden-Arcade-Roseville
- Oakland-Hayward-Berkeley Metropolitan Division
- Los Angeles-Long Beach-Glendale
- San Jose-Sunnyvale-Santa Clara
- San Diego-Carlsbad
- Colorado
- Connecticut
- Delaware
- Florida
- Sarasota
- West Palm Beach-Boca Raton-Delray Beach, Metro Division
- Tampa-St. Petersburg-Clearwater
- Palm Bay-Melbourne-Titusville
- Panama City
- Tallahassee
- Fort Lauderdale-Pompano Beach-Deerfield Beach
- Miami-Fort Lauderdale-West Palm Beach
- Miami-Miami Beach-Kendall
- Orlando-Kissimmee-Sanford
- Lakeland-Winter Haven
- Jacksonville
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming