Adecco USA Job Market Update -- June 2015 Report

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Job Market Update U.S. Economic Data Reflective of the Bureau of Labor Statistics “The Employment Situation – May 2015” As of June 2015

Transcript of Adecco USA Job Market Update -- June 2015 Report

Job Market UpdateU.S. Economic Data

Reflective of the Bureau of Labor Statistics “The Employment Situation – May 2015”

As of June 2015

Overview of “The Employment Situation”

• The May report showed an overall monthly gain of 280,000 jobs – exceeding the average monthly numbers over the past year

• The unemployment rate increased by 0.1%, to 5.5%

• Revisions to prior months:- The March number was revised from +85,000 to

+119,000

- The April number was revised from +223,000 to +221,000

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280,000 new jobs added in May

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* Numbers are seasonally adjusted. Source: BLS

Employment in May

• Total nonfarm payroll employment decreased by 311,000 jobs to 2.4 million in May, following an increase in the month of April

- Unemployment rose slightly to 5.5%

- The number of long-term unemployed persons (2.5 million) was little changed in May, making up 28.6% of all unemployed persons

- Over the year, the number of long-term unemployed has declined by 849,000

• Discouraged workers in May was 563,000 – a decrease of 134,000

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JOBS GAINED IN MAY

UNEMPLOYMENT RATE

280,000

5.5%

May’s job creation statistics

• United States private sector jobs increased during May, generating over 262,000 jobs

- Highest increase in employment seen within professional and business services, leisure and hospitality, and education and health services

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Source: BLS

Industry Breakdown

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Source: BLS

Industry Breakdown

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Employment in total nonfarm

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* Numbers are seasonally adjusted in thousands. Source: BLS, Current Employment Statistics Survey, May 2015

State & Regional Unemployment – April 2015

• State and Regional unemployment rates were little changed in April

• The Midwest had the lowest regional unemployment rate at 5.0%

• The West had the highest unemployment rate at 5.8%

• Significant over-the-year decreases were reported in all four regions: Midwest, West, Northeast and South

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Metropolitan employment data from previous month. Source: BLS

Mid-Atlantic Region – April 2015

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Metropolitan employment data from previous month. Source: BLS

Midwest Region – April 2015

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Metropolitan employment data from previous month. Source: BLS

Mountain-Plains Region – April 2015

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Metropolitan employment data from previous month. Source: BLS

New England Region – April 2015

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Metropolitan employment data from previous month. Source: BLS

New York, New Jersey Region – April 2015

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Metropolitan employment data from previous month. Source: BLS

Southeast Region – April 2015

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Metropolitan employment data from previous month. Source: BLS

Southwest Region – April 2015

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Metropolitan employment data from previous month. Source: BLS

West Region – April 2015

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Metropolitan employment data from previous month. Source: BLS