Summary: The U.S. labour market tightened in September due to both solid job growth and less participation in the workforce. While wage growth doesn't appear to be accelerating, the Fed won't be pleased with this report, which will only cement expectations of a 75 bp rate hike next month. Nonfarm payrolls rose 263,000 in September, a little better than expected. While this was down from the prior month's pace (315,000) and the 2022 average (420,000), it's well above long-run norms. A similarly strong 204,000 increase in employment in the household survey, coupled with a dip in the participation rate, pulled the unemployment rate down two tenths, back to the half-century low of 3.5% reached in July and matched just before the pandemic. Payrolls gains were spread wide and far across industries, with even the recently struggling manufacturing sector pumping out a decent 22,000 new jobs. Restaurants and bars served up 60,000 new positions, while the health care industry received a similar-sized booster shot to its payrolls. Source: https://economics.bmo.com/en/publications/detail/978db6e6-5223-4579-85c2-2b944dfdf729/

1. EMPLOYMENT
AND LABOR
MARKET –
UNITED
STATES –
SEPTEMBER
2022
Paul Young CPA CGA
October 7, 2022

2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. AGENDA
• BMO / Employment
• Net new jobs – United States
• August/21 vs Dec/21 Employment
• USA Metro areas
• Job Vacancies
PRESENTATION TITLE 2/11/20XX 3

4. USA VS CANADA EMPLOYMENT
Canadian Jobs Back
in School.pdf
U.S. Labour Market
Tight As It Ever Was.pdf

5. NET NEW JOBS – UNITED STATES
Source - https://www.bls.gov/news.release/empsit.nr0.htm#
PRESENTATION TITLE 2/11/20XX 5

6. NET NEW JOBS – UNITED STATES
Source - https://www.bls.gov/news.release/empsit.nr0.htm#
PRESENTATION TITLE 2/11/20XX 6

7. USA METRO AREA
Source - https://www.bls.gov/news.release/metro.nr0.htm
PRESENTATION TITLE 2/11/20XX 7
Metro - USA -
Employment.pdf

8. JOB
VACANCIE
S
PRESENTATION TITLE 2/11/20XX 8
Source – USA government
Job Vacancies -
USA.pdf

9. BLOG –
MANUFACTURING
PRESENTATION TITLE 2/11/20XX 9
Blog – Top 7 trends for Manufacturing for 2022 - https://www.linkedin.com/posts/paul-young-055632b_top-7-manufacturing-trends-
for-2022-activity-6913100677200130049-aUiH?utm_source=linkedin_share&utm_medium=member_desktop_web
1. Onshoring
2. A Shift from B2B to B2C
3. Additive Manufacturing
4. Cybersecurity
5. Smart factories
6. ESG initiatives
7. Talent acquisition
https://www.thomasnet.com/insights/top-7-manufacturing-trends-for-2022/?ecms_id=be52c10e-4a96-49ec-92e8-
3fe6cea78bda&ecms_short=ART6835&doc_type=ted_article&sponsored=&acct=&parent_id=357a9397-5b6e-4a4b-92e1-
9b9c901450e4&utm_content=featuredstory&position=1&linktype=title&channel=email&campaign_type=thomas_industry_update&ca
mpaign_name=tiu220325&utm_campaign=tiu220325&utm_medium=email&utm_source=thomas_industry_update&tinid=221763045
My links
USA - https://www.slideshare.net/paulyoungcga/united-states-manufacturing-sector-continues-to-face-many-challenges
Canada - https://www.slideshare.net/paulyoungcga/canada-what-is-next-for-manufacturing-february-2022-and-january-2022

10. SUMMARY
USA job market continues to face many challenges
PRESENTATION TITLE 2/11/20XX 10
Blog – Employment and Labour Market – United States – September 2022 – Analysis and Commentary
20220710_Employm
ent - USA - September 2022.pdf
U.S. Labour Market
Tight As It Ever Was.pdf
Job Vacancies -
USA.pdf
Summary:
The U.S. labour market tightened in September due to both solid job growth and less participation in the
workforce. While wage growth doesn't appear to be accelerating, the Fed won't be pleased with this
report, which will only cement expectations of a 75 bp rate hike next month.
Nonfarm payrolls rose 263,000 in September, a little better than expected. While this was down from
the prior month's pace (315,000) and the 2022 average (420,000), it's well above long-run norms. A
similarly strong 204,000 increase in employment in the household survey, coupled with a dip in the
participation rate, pulled the unemployment rate down two tenths, back to the half-century low of 3.5%
reached in July and matched just before the pandemic. Payrolls gains were spread wide and far across
industries, with even the recently struggling manufacturing sector pumping out a decent 22,000 new
jobs. Restaurants and bars served up 60,000 new positions, while the health care industry received a
similar-sized booster shot to its payrolls.
Source: https://economics.bmo.com/en/publications/detail/978db6e6-5223-4579-85c2-2b944dfdf729/
Best Agriculture
Companies and Startups to Work for in North America 2022 AngelList Talent.pdf
Best Manufacturing
Companies and Startups to Work for in North America 2022 AngelList Talent.pdf
Americans are
becoming less productive, and that's a risk to the economy WFAE 90.7 - Charlotte's NPR News Source.pdf
More Workers Find
Their Wages Falling Even Further Behind Inflation - Dallasfed.org.pdf
The 12 Best Places
for Tech Jobs in the U.S. (2022 List).pdf
Job Vacancies -
USA.pdf
US job openings fall
to lowest level since mid-2021.pdf
These are the vital
skills you’ll need to succeed in the workplaces of the future Euronews.pdf
US data shows signs
of softening labour market Emirates NBD Research.pdf
Will Technology Take
Away Skilled Trade Jobs Skilled Trade Jobs.pdf
United States
Manufacturing Purchasing Managers Index (PMI).pdf
‘Reshoring’ Could
Further Fuel More Industrial Growth, Report Says – Commercial Observer.pdf
U.S. Cities With the
Most New Businesses per Capita [2022 Edition] - Smartest Dollar.pdf
Grand opening of
indoor vertical farm in Avondale.pdf
1. Wages - https://www.dallasfed.org/research/economics/2022/1004
2. Careers - https://learntocodewith.me/posts/best-tech-cities/
3. Job openings - https://www.thenationalnews.com/business/2022/10/04/us-job-openings-fall-
to-lowest-level-since-mid-2021/
4. Skills - https://www.euronews.com/next/2022/10/04/the-8-skills-you-ll-need-to-adapt-to-the-
workplaces-of-the-future
5. Careers - https://www.emiratesnbdresearch.com/research/article/?a=us-data-shows-signs-of-
softening-labour-market-2890
6. Skills gap - https://www.skilledtradejobs.com/pages/36817-will-technology-take-away-skilled-
trade-jobs
7. Manufacturing - https://www.investing.com/economic-calendar/manufacturing-pmi-829
8. Reshoring - https://commercialobserver.com/2022/10/us-industrial-reshoring-report/