Employment Trends August

employment-trends-august_blog_staff-management-SMXIn July, the unemployment rate decreased to 7.4%. Total nonfarm payroll employment increased by 162,000 jobs in July. Industries that experienced employment growth include retail trade, food services and drinking places, financial activities and wholesale trade. These industries added 47,000, 38,000, 15,000 and 14,000 jobs respectively. According to the Staffing Industry Analysts (SIA) temporary help jobs up 7,700 in July, and up 6.7% versus last year. The year-over-year growth in temporary services is relatively high.

According to the Bureau of Labor Statistics (BLS), over the past year, nonfarm employment growth averaged a gain of 189,000 per month. Employment in the professional and business services sector continued to trend upward with the addition of 36,000 jobs. Job growth also continued in management of companies and enterprises and in management and technical consulting services. There was little change over the month for technical consulting services. Employment in other major industries, including mining and logging, construction, transportation and warehousing, manufacturing and government, showed little change in July