Adecco USA Job Market Update -- May 2015 Report

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  • Job Market UpdateU.S. Economic Data

    Reflective of the Bureau of Labor Statistics The Employment Situation April 2015As of May 2015

  • Overview of The Employment Situation

    The April report showed an overall monthly gain of 223,000 jobs only 5,000 less than expected.

    The unemployment rate was essentially unchanged at 5.4%

    Revisions to prior months:- The February number was revised from

    +264,000 to +266,000- The March number was revised from +126,000

    to +85,000- That makes 39,000 fewer jobs than previously

    reported - Over the past 3 months, job gains have

    averaged 191,000 per month

    2

  • 223,000 new jobs added in April

    330

    236

    286249

    213250

    221

    423

    329

    201

    266

    85

    223

    APR-14 MAY JUN JUL AUG SEPT OCT NOV DEC JAN FEB MAR 15-APR

    In T

    hous

    ands

    3

    * Numbers are seasonally adjusted. Source: BLS

  • Unemployment rate in April

    Total nonfarm payroll employment increased by 223,000 in April

    - Unemployment dipped slightly to 5.4%- The number of long-term unemployed

    persons (2.5 million) was little changed in April. These individuals make up 28% of all unemployed persons

    - Over the year, the number of unemployed has declined by 888,000 0.8%

    Discouraged workers in April was 756,000 (little different from a year earlier)

    4

    JOBS GAINED IN APRIL

    UNEMPLOYMENT RATE

    LOWEST UNEMPLOYMENT RATE SINCE

    223,000

    5.4%

    July 2008

  • Aprils job creation statistics

    United States private sector generated over 223,000 jobs in April

    - Highest increase in employment seen within professional and business services, healthcare and construction

    5

    Source: BLS

  • Industry Breakdown

    6

    Source: BLS

  • Industry Breakdown

    7

  • Employment in total nonfarm

    -15.0

    45

    1

    -4.5

    12.1

    15.2

    3

    9

    62

    61

    17

    20.7

    6

    10

    -20.0 -10.0 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0

    Mining and logging

    Construc on

    Manufacturing

    Wholesale trade

    Retail trade

    Transporta on and warehousing

    Informa on

    Financial ac vi es

    Professional and Business services

    Educa on and health services

    Leisure and hospitality

    Temporary help services

    Other services

    Government

    Over-the-monthchange, April 2015

    8

    * Numbers are seasonally adjusted in thousands. Source: BLS, Current Employment Statistics Survey, April 2015

  • State & Regional Unemployment March, 2015

    State and Regional unemployment rates were little changed in March.- 24 states had unemployment rate decreases from February, while 12 states had

    increases.

    The Midwest had the lowest regional unemployment rate at 5.0%.

    The West had the highest unemployment rate at 5.9%.

    Significant over-the-year decreases were reported in all four regions: Midwest, West, Northeast and South.

    Among the geographic divisions, all nine showed a notable decline from last year.

    9

    Metropolitan employment data from previous month. Source: BLS

  • Mid-Atlantic Region March, 2015

    10

    Metropolitan employment data from previous month. Source: BLS

  • Midwest Region March, 2015

    11

    Metropolitan employment data from previous month. Source: BLS

  • Mountain-Plains Region March, 2015

    12

    Metropolitan employment data from previous month. Source: BLS

  • New England Region March, 2015

    13

    Metropolitan employment data from previous month. Source: BLS

  • New York, New Jersey Region March, 2015

    14

    Metropolitan employment data from previous month. Source: BLS

  • Southeast Region March, 2015

    15

    Metropolitan employment data from previous month. Source: BLS

  • Southwest Region March, 2015

    16

    Metropolitan employment data from previous month. Source: BLS

  • West Region March, 2015

    17

    Metropolitan employment data from previous month. Source: BLS