adecco usa job market update -- september 2015 report

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Job Market Update U.S. Economic Data Reflective of the Bureau of Labor Statistics “The Employment Situation – August 2015” As of September 2015

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Job Market UpdateU.S. Economic Data

Reflective of the Bureau of Labor Statistics “The Employment Situation – August 2015”

As of September 2015

Overview of “The Employment Situation”

• The August report showed an overall monthly gain of 173,000 jobs – below the previous twelve-month average of 247,000 per month.

- This was 47,000 less than forecasted- It was the first time since April that job gains have

been below 200,000.

• The unemployment rate dropped 0.2% to 5.1%

• Revisions to prior months:- The June number was revised from +231,000 to

+245,000- The July number was revised from +215,000 to

+245,000- That’s a total of 44,000 more jobs than was

previously reported

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173,000 new jobs added in August

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* Numbers are seasonally adjusted. Source: BLS

Employment in August

• Total nonfarm payroll employment increased by 173,000 jobs in August, which is below the 12-month average of 247,000

- Unemployment edged down to 5.1%, the lowest since April 2008

- The number of long-term unemployed was little changed at 2.2 million

- Over the year, the number of long-term unemployed has declined by 779,000

• Discouraged workers in August was 624,000 – virtually unchanged

- Has drastically fallen in last 12-months, from 775,000

• Average hourly payrolls up .08 cents, to $25.09

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JOBS GAINED IN AUGUST

UNEMPLOYMENT RATE

173,000

5.1%

August’s private job creation statistics

• United States private sector jobs increased during August, generating over 140,000 jobs

- Highest increase in employment seen within health care, leisure and hospitality and professional and business services, which includes temporary help

- Biggest losses in manufacturing and mining

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Source: BLS

Industry Breakdown

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Source: BLS

Industry Breakdown

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Employment in total nonfarm

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

State & Regional Report – July 2015

• State and Regional unemployment rates were little changed in July

• 34 states reported an increase in employment from the prior month, while 16 states, plus the District of Columbia reported decreases

- Over the year, 47 states and the District of Columbia have reported increases, and only 4 have reported decreases in overall employment

• The Midwest had the lowest regional unemployment rate at 4.8% (falling from 5.0%), and the West had the highest unemployment rate at 5.7% (down from 5.8%)

• Utah reported the lowest unemployment rate, at 3.6%, while West Virginia showed the highest monthly rate of 7.5%, well above the national average

• California (+80,700), Texas (+31,400) and Florida (+30,500) reported the most significant over-the-month employment increases in July

• Just New Jersey reported significant declines in unemployment in July, decreasing by 13,600 jobs

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State and regional employment data from previous month. Source: BLS

Mid-Atlantic Region – July 2015

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State and regional employment data from previous month. Source: BLS

New York, New Jersey Region – July 2015

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State and regional employment data from previous month. Source: BLS

Midwest Region – July 2015

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State and regional employment data from previous month. Source: BLS

Mountain-Plains Region – July 2015

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State and regional employment data from previous month. Source: BLS

New England Region – July 2015

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State and regional employment data from previous month. Source: BLS

Southeast Region – July 2015

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State and regional employment data from previous month. Source: BLS

Southwest Region – July 2015

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State and regional employment data from previous month. Source: BLS

West Region – July 2015

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State and regional employment data from previous month. Source: BLS