adecco usa job market update -- june 2015 report
TRANSCRIPT
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Job Market UpdateU.S. Economic Data
Reflective of the Bureau of Labor Statistics “The Employment Situation – May 2015”
As of June 2015
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Overview of “The Employment Situation”
• The May report showed an overall monthly gain of 280,000 jobs – exceeding the average monthly numbers over the past year
• The unemployment rate increased by 0.1%, to 5.5%
• Revisions to prior months:- The March number was revised from +85,000 to
+119,000
- The April number was revised from +223,000 to +221,000
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Employment in May
• Total nonfarm payroll employment decreased by 311,000 jobs to 2.4 million in May, following an increase in the month of April
- Unemployment rose slightly to 5.5%
- The number of long-term unemployed persons (2.5 million) was little changed in May, making up 28.6% of all unemployed persons
- Over the year, the number of long-term unemployed has declined by 849,000
• Discouraged workers in May was 563,000 – a decrease of 134,000
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JOBS GAINED IN MAY
UNEMPLOYMENT RATE
280,000
5.5%
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May’s job creation statistics
• United States private sector jobs increased during May, generating over 262,000 jobs
- Highest increase in employment seen within professional and business services, leisure and hospitality, and education and health services
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Source: BLS
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Employment in total nonfarm
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* Numbers are seasonally adjusted in thousands. Source: BLS, Current Employment Statistics Survey, May 2015
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State & Regional Unemployment – April 2015
• State and Regional unemployment rates were little changed in April
• The Midwest had the lowest regional unemployment rate at 5.0%
• The West had the highest unemployment rate at 5.8%
• Significant over-the-year decreases were reported in all four regions: Midwest, West, Northeast and South
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Metropolitan employment data from previous month. Source: BLS
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Mountain-Plains Region – April 2015
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Metropolitan employment data from previous month. Source: BLS
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New York, New Jersey Region – April 2015
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Metropolitan employment data from previous month. Source: BLS