August 2013 Workplace EconomyPresentation Transcript
U.S. Economic Data
As of September 2013
Reflective of the Bureau of Labor Statistics’ “The Employment Situation – August 2013”
As expected, job growth was reported in August
JOBS GAINED IN AUGUST
The national unemployment rate
169,000 new jobs were added in August
United States jobless claims
Sector changes observed in August
Education remained a job search differentiator
* National unemployment average, according to education levels
High school diploma
Less than high school
A snapshot of metropolitan unemployment figures
Year-over-year change in part-time workers for
economic reasons (August 2012 – August 2013)
The national unemployment rate declined for the second straight
month in August, inching down to 7.3 percent, the lowest measurement
recorded since December 2008. In all, 169,000 new jobs were created.
• 152,000 new private sector jobs were added to the national economy in August,
the 42nd consecutive month of sector job growth.
• As expected, hiring once again rose within the United States’ leisure and
hospitality, professional and business services, and retail trade sectors,
increasing by 27,000, 23,000, and 44,000 jobs, respectively.
• Employment also upturned within the nation’s government, healthcare, and
manufacturing sectors, rising by 17,000, 32,700, and 14,000, respectively.
• In the meantime, financial activities and information employment contracted
last month, declining by 5,000 and 18,000, respectively.
• Although public sector hiring augmented considerably in August, state
government employment continued to decrease, as the sector reported a net
loss of 3,000 jobs.