Adecco USA Job Market Update -- July 2015 Report
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Transcript of Adecco USA Job Market Update -- July 2015 Report
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Job Market UpdateU.S. Economic Data
Reflective of the Bureau of Labor Statistics “The Employment Situation – June 2015”
As of July 2015
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Overview of “The Employment Situation”
• The June report showed an overall monthly gain of 223,000 jobs – exceeding the average monthly numbers of the past year
• The unemployment rate decreased by 0.2% to 5.3%
• Revisions to prior months:- The April number was revised from +221,000 to
+187,000
- The May number was revised from +280,000 to +254,000
- That’s a total of 60,000 fewer jobs than was previously reported
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223,000 new jobs added in June
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* Numbers are seasonally adjusted. Source: BLS
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Employment in June
• Total nonfarm payroll employment increased by 223,000 jobs in June, which is below the 12-month average of 250,000
- Unemployment dropped to 5.3%, the lowest since April 2008
- The number of long-term unemployed persons dropped 381,000 to 2.1 million in June. These individuals accounted for 25.8% of all unemployed persons
- Over the year, the number of long-term unemployed has declined by 955,000
• Discouraged workers in June was 653,000 – virtually unchanged from the year before
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JOBS GAINED IN JUNE
UNEMPLOYMENT RATE
223,000
5.3%
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June’s private job creation statistics
• United States private sector jobs increased during June, generating over 222,000 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
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Industry Breakdown
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Source: BLS
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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
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State & Regional Unemployment – May 2015
• State and Regional unemployment rates were little changed in May25 states reported an increase in unemployment from the prior month, while only 9
reported decreasesOver the year, 45 states have reported decreases, and only 5 have reported
increases
• In May, the Midwest had the lowest regional unemployment rate at 5.1%, and the West had the highest unemployment rate at 5.8%
• Nebraska reported the lowest unemployment rate, at 2.6%, while West Virginia showed the highest monthly rate of 7.2%
• 3 states — North Carolina, Oklahoma and South Dakota — reported significant over-the-month unemployment increases
• Indiana, Connecticut and Washington reported significant declines in unemployment for the month of May
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Metropolitan employment data from previous month. Source: BLS
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Mid-Atlantic Region – May 2015
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State and regional employment data from previous month. Source: BLS
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Midwest Region – May 2015
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State and regional employment data from previous month. Source: BLS
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Mountain-Plains Region – May 2015
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State and regional employment data from previous month. Source: BLS
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New England Region – May 2015
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State and regional employment data from previous month. Source: BLS
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New York, New Jersey Region – May 2015
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State and regional employment data from previous month. Source: BLS
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Southeast Region – May 2015
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State and regional employment data from previous month. Source: BLS
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Southwest Region – May 2015
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State and regional employment data from previous month. Source: BLS
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West Region – May 2015
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State and regional employment data from previous month. Source: BLS