September Jobs Report 2019
•
0 likes•290 views
The document is a jobs report for August 2019. It provides the following key information: - The unemployment rate remained steady at 3.7% and 130,000 jobs were added in August. - Labor force participation increased to 63.2% and average hourly earnings rose by $0.11. - An expert insight from Joanie Courtney notes that while wages are rising, training opportunities are needed to help workers move into higher paying positions and close the skills gap. Employers who do not offer learning opportunities risk high turnover.
Recommended
More Related Content
Similar to September Jobs Report 2019
Similar to September Jobs Report 2019 (20)
Recently uploaded
Recently uploaded (20)
September Jobs Report 2019
- 2. In This Report Labor Market Highlights Job Gains Unemployment Rates Expert Insights: Joanie Courtney
- 3. Labor Market Highlights Unemployment Rate Steady at 3.7% 63.2% Labor Participation up to Average hourly earnings for private non-farm employees Up $0.11 6.0 Million Job Seekers 34.4 Hours Average Work Week up 0.1 hours to 130,000 Number of Jobs Added
- 4. Unemployment Rate 3.7% Job Gains: 130,000 Construction Manufacturing Natural Resources & Mining Transportation & Warehousing Financial Activities Leisure & Hospitality Health Care & Social Assistance Professional & Business Services 36,800 37,000 3,000 15,00014,000 Retail Trade GOODS-PRODUCING SECTOR SERVICE-PROVIDING SECTOR 5,600 12,000 11,100 Little Change
- 5. 3.6% AUGUST 2019 AUGUST 2019 AUGUST 2018 Manufacturing ConstructionFinancial Activities 3.2% 3.2% 3.4% AUGUST 2019 AUGUST 2018 AUGUST 2019 AUGUST 2018 AUGUST 2019 AUGUST 2018 Information Services Professional & Business Services Transportation & Utilities 4.7% 3.5% 3.2% 3.5% 4.2% 3.4% AUGUST 2018 AUGUST 2019 AUGUST 2018 2.1% 2.7% Wholesale and Retail Trade AUGUST 2019 AUGUST 2018 4.1% 4.3% 5.0%AUGUST 2019 AUGUST 2018 Leisure and Hospitality 5.8% Unemployment Rates
- 6. Expert Insights Featuring Joanie Courtney, Chief Workforce Analyst and President, Professional Division, EmployBridge
- 7. Providing learning opportunities to bridge the skills gap Though the August jobs report showed 130,000 jobs created for the month, only 96,000 were in the private sector. However, there are still over seven million open jobs in the US and employers are having more difficulty than ever finding qualified talent to fill their jobs. With unemployment reaching new lows and more job opportunities rising, it’s important to not only provide competitive pay but to also provide learning opportunities to the workforce. Wages continue to rise - It’s good to see wages continuing to increase this year (with average hourly earnings up 3.2%), but with blue-collar wages still lagging the average living wage, most cannot afford to pay for work-based training, underscoring the importance of employer-sponsored training/learning programs. There is a need to develop training, internships and apprenticeships to help workers move into higher paying positions. In our 2019 Voice of the Blue-Collar Worker Survey, we found that 95% of respondents (18,505 were surveyed) were willing to invest personal time to learn a new skill. And 69% of those were willing to invest up to five hours per week! Employers who do not respond to the increasing needs and desires of the blue-collar workforce to earn and learn more, will continue to run the risk of high turnover. To learn more, visit www.employbridge.com/blue-collar-survey.
- 8. About EmployBridge As workforce specialists, EmployBridge provides value-added workforce solutions and job opportunities through focused specialty divisions including ResourceMFG, ProLogistix, ProDrivers, Select, RemX, Westaff and Remedy Intelligent Staffing. Combining the advantages of national scale, in-depth local market knowledge, supply-chain-specific expertise, and powerful recruiting and retention tools, EmployBridge is recognized by Staffing Industry Analysts as America’s largest industrial staffing firm. The company puts more than 400,000 temporary associates to work annually in 48 states through a network of 400+ offices. In 2018, EmployBridge provided more than 159 million work hours to 12,000 customers, generating more than $3.1 billion in revenue. EmployBridge is also helping close the skills gap in America’s supply chain by providing free, career-focused skills development to its temporary associates through the firm’s Better WorkLife Academy. For more information, please visit the company’s website at www.employbridge.com.