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Job Market UpdateU.S. Economic Data

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

As of October 2015

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Overview of “The Employment Situation”

• The September report showed an overall monthly gain of 142,000 jobs – below the previous twelve-month average of 247,000 per month.

• The unemployment rate remained stagnant at 5.1%

• Revisions to prior months:- The July number was revised from +245,000 to

+223,000- The August number was revised from +173,000

to +136,000- That’s a total of 59,000 fewer jobs than was

previously reported

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142,000 new jobs added in September

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* Numbers are seasonally adjusted. Source: BLS

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Employment in September

• Total nonfarm payroll employment increased by 142,000 jobs in September, which is below the 12-month average of 198,000

- Unemployment remained at 5.1%, the lowest since April 2008

- The number of long-term unemployed was little changed at 2.1 million

- Over the year, the number of long-term unemployed has declined by 847,000

- Discouraged workers in September was 635,000 – virtually unchanged

- Average hourly payrolls down one cent, to $25.09

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JOBS GAINED IN SEPTEMBER

UNEMPLOYMENT RATE

142,000

5.1%

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September’s private job creation statistics

• United States private sector jobs increased during September, generating over 120,000 jobs

- Highest increase in employment seen within health care and leisure and hospitality

- Biggest loss in mining

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Source: BLS

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Industry Breakdown

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Source: BLS

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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, September 2015

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State & Regional Report – August 2015

• State and Regional unemployment rates were little changed in August.

• 32 states reported an increase in employment from the prior month, while 18 states, plus the District of Columbia reported decreases.

- Over the year, 47 states and the District of Columbia have reported increases.

• The Midwest had the lowest regional unemployment rate at 4.6% (falling from 4.8%), and the West had the highest unemployment rate at 5.7% (unchanged from July).

• The largest month-over-month increase in percentage employed occurred in Hawaii (+1.3 percent).

• California (+36,200), Florida (+19,600) and Ohio (+14,600) reported the most significant over-the-month employment increases in August.

• New York and Texas (both -13,700), plus New Hampshire (-3,900) had the greatest decrease in employment in August.

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

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Northeast Region – August 2015

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

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South – August 2015

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

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Midwest Region – July 2015

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

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West Region – August 2015

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