Workforce Weekly: Week 16
Let’s Talk Employment
- On a seasonally adjusted basis, total nonfarm employment rose by 215,000 jobs in March, with the unemployment rate ticking slightly up from 4.9% to 5.00%.
- Manufacturing shed the most jobs for the month at -29,000, with the losses heavily concentrated in durable goods-producing industries. This was the manufacturing sector’s worst monthly decline since 2009.
- Total employment growth year-over-year in the warehousing and storage industry averaged 8.4% during 2015 (compared with 2.1% growth for overall nonfarm employment). SIA expects the warehousing sector to continue to drive growth for industrial staffing.
- Canada gained 40,600 jobs in March following three months of little change, bringing their unemployment rate down 0.2 percentage points to 7.1%
Give Me the Numbers
What Else Did I Miss?
- Employment in California’s advanced energy industry increased at six times the statewide employment growth rate. The industry employed 508,000 Californians in 2015, representing an 18% increase from 2014.
- The future is looking bright for recent college graduates! US employers plan to hire 5.2% more college graduates from the class of 2016 than last year’s class.
- Learning agility is the top attribute companies look for in college graduates. According to a recent survey of business executives, it is also a top skills gap.
- Almost half of employees (49%) believe they must switch companies in order to obtain a meaningful change in compensation.