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Job Market Update - September, 2015

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Data and trends from the Bureau of Labor Statistics. Reflective of the "Employment Situation" report for the month of September. Released October 2, 2015.

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Job Market Update - September, 2015

  1. 1. • Job Market Update U.S. Economic Data Reflective of the Bureau of Labor Statistics “The Employment Situation – September 2015” As of October 2015
  2. 2. • 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 2
  3. 3. • 142,000 new jobs added in September 3 * Numbers are seasonally adjusted. Source: BLS
  4. 4. • 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 4 JOBS GAINED IN SEPTEMBER UNEMPLOYMENT RATE 142,000 5.1%
  5. 5. • 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 5 Source: BLS
  6. 6. • Industry Breakdown 6 Source: BLS
  7. 7. • Industry Breakdown 7
  8. 8. • Employment in total nonfarm 8 * Numbers are seasonally adjusted in thousands. Source: BLS, Current Employment Statistics Survey, September 2015
  9. 9. • 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. 9 State and regional employment data from previous month. Source: BLS
  10. 10. • Northeast Region – August 2015 10 State and regional employment data from previous month. Source: BLS
  11. 11. • South – August 2015 11 State and regional employment data from previous month. Source: BLS
  12. 12. • Midwest Region – July 2015 12 State and regional employment data from previous month. Source: BLS
  13. 13. • West Region – August 2015 13 State and regional employment data from previous month. Source: BLS

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