May 5th, 2016

160,000 Jobs Added to the Economy in April

The Latest Numbers From the BLS Employment Situation Report

Economists predicted another month of 200k+ job additions ahead of this morning’s jobs report but the latest data told a different story. The Bureau of Labor Statistics announced 160,000 jobs were added in April and while this was below expectations, we still boast 65 straight months of positive job growth. Employment growth has averaged 232,000 per month.

april jobs reportEconomists, and of course the Federal Reserve, were also keeping a close eye on this month’s wage growth. Wage growth has been one of the last and slowest pieces to labor-market recovery and a rise in wages would give the Fed  more confidence in their 2% inflation target. It also suggests that consumer spending will continue to drive economic growth.

Let’s break down the numbers from this month’s report:

  •  Wages:
    • $25.53 April
    • $25.43 March
      • + 8 cents month-over-month
      • +2.5% year-over-year
  • Unemployment:
    • 5.0% April
    • 5.0% March
      • +0% month-over-month
      • -0.4% year-over-year

In April, hourly wages rose $0.8 to$25.53 per hour, bringing the year-over-year wage percentage increase to 2.5%. The unemployment rate now sits at 5.0%.

#HealthCare and #Administrative Support are top performers in this month's #JobsReport. @ajilon's analysis: ajilon.co/1UEEq1I

In-Depth Look: Our Industries

Let’s dive right into a look at how our industries compare to the national numbers:

  • Professional and business services
    • Month-over-month change: +65,000
    • 606,000 jobs added since April of last year
  •  Construction
    • Month-over-month change: +1,000
    • +261,000 jobs added year-over-year
  •  Manufacturing
    • Month-over-month change: +4,000
    • -19,000 jobs lost year-over-year
  • Transportation and warehousing
    • Month-over-month change: +8,600
    • +61,900 year-over-year job gains
  • Health care
    • Month-over-month change: +44,000
    • +502,000 jobs added since April of last year
  • Hospitals
    • Month-over-month change: +22,900
    • +194,400 jobs added in the last year
  • Administrative and support services
    • Month-over-month change: +29,100
    • +245,700 jobs added year-over-year

The market remains extremely competitive for employers hoping to hire top HR, non-clinical healthcare and supply chain and logistics professionals. But there are some things you can do to establish your business in the marketplace as a great place to work. You might be surprised to hear that salary isn’t the only ammunition in the war for talent

Author

Ajilon

You've got a very specific area of expertise. So do we. Our recruiters and staffing specialists work with only the best administrative, non-clinical healthcare, human resources, and supply chain and logistics professionals in the country. That's all we do. Every single day.