October Jobs Report 2019
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In this presentation, EmployBridge Chief Workforce Analyst Joanie Courtney, reviews the latest jobs report from September 2019 and data from the BLS.
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October Jobs Report 2019
- 2. In This Report Labor Market Highlights Job Gains Unemployment Rates Expert Insights: Joanie Courtney
- 3. Labor Market Highlights Unemployment Rate Down to 3.5% 63.2% Labor Participation steady at Average hourly earnings for private non-farm employees Up $0.04 5.8 Million Job Seekers 34.4 Hours Average Work Week Down 0.1 hours to 136,000 Number of Jobs Added
- 4. Unemployment Rate 3.5% Job Gains: 136,000 Construction Manufacturing Natural Resources & Mining Transportation & Warehousing Financial Activities Leisure & Hospitality Health Care & Social Assistance Professional & Business Services 41,400 34,000 2,000 3,0007,000 Retail Trade GOODS-PRODUCING SECTOR SERVICE-PROVIDING SECTOR 21,000 11,400 Little Change 15,700
- 5. SEPTEMBER 2019 SEPTEMBER 2019 SEPTEMBER 2018 Manufacturing ConstructionFinancial Activities 3.4% 3.5% 4.1% SEPTEMBER 2019 SEPTEMBER 2018 SEPTEMBER 2019 SEPTEMBER 2018 SEPTEMBER 2019 SEPTEMBER 2018 Information Services Professional & Business Services Transportation & Utilities 4.4% 2.3% 3.2% 3.2% 3.2% 2.6% SEPTEMBER 2018 SEPTEMBER 2019 SEPTEMBER 2018 1.9% 2.7% Wholesale and RetailTrade SEPTEMBER 2019 SEPTEMBER 2018 3.4% 4.0% 4.8%SEPTEMBER 2019 SEPTEMBER 2018 Leisure and Hospitality 5.4% Unemployment Rates 3.2%
- 6. Expert Insights Featuring Joanie Courtney, Chief Workforce Analyst and President, Professional Division, EmployBridge
- 7. Tips for Navigating Competitive Wages During Peak Season & Beyond Review your pay-rates at least semi-annually, and make adjustments – especially on critical positions Add a shift differential of $1.00 minimum Modify your attendance policy especially during PEAK season Invest time and energy in an Employee Engagement program / Onboarding programs Add part-time / flexible shifts (~20 hours per week) to attract workers not currently working Provide learning / training opportunities for workers to advance
- 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 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.
Editor's Notes
- Job Seekers: They don’t use this term. They say “unemployed persons.” If not in the summary, the stat can be found here: https://www.bls.gov/news.release/empsit.a.htm on the 6th row of data in the first section. *note that the numbers in these tables represent thousands. Jobs Added: Employment Summary: https://www.bls.gov/news.release/empsit.nr0.htm Unemployment: Employment Summary: https://www.bls.gov/news.release/empsit.nr0.htm Work Week: Table B-2. https://www.bls.gov/news.release/empsit.t18.htm Hourly Earnings: Table B-8. https://www.bls.gov/news.release/empsit.t24.htm Labor Participation: Table A-1, 3rd row of data in the first section
- Table B-1. Employees on nonfarm payrolls by industry sector and selected industry detail https://www.bls.gov/news.release/empsit.t17.htm The change from column numbers are represented in thousands. So, a 2.1 on the chart represents 2,100 jobs added.
- These stats are found here: https://www.bls.gov/news.release/empsit.t14.htm Table A-14. Unemployed persons by industry and class of worker, not seasonally adjusted Don’t forget to change the bar length for each one. DI always eyeballed it, I followed in their footsteps.