June 10th, 2014
Professional Staffing Jobs Report: June 2014
According to the Bureau of Labor Statistic’s monthly report, the U.S. job market added 217,000 jobs in May 2014. This report was unexpectedly weak compared to April’s outstanding numbers in job creation. However, some are pointing out that the only reason behind April’s superb numbers were to make up for lost time in the first quarter of the year.
The unemployment rate was stagnant at 6.3 percent in May with the number of unemployed persons staying the same at 9.8 million.
Professional & Business Services on Par with Average Monthly Gain
Professional & Business Services, though slightly flatter this month, is still on par with its average month-over-month gain of 55,000 job additions. Some sub-sectors of note include Management & Technical Consulting and Computer Systems Design & Related Services. Both sectors saw an increase in 7,000 positions in May.
Temporary Help Services Still Climbing
Once again, Temporary Help Services was on top as the sub-sector added 14,000 jobs in May. Temporary Help Services has added 224,000 jobs over the past year, marking significant growth in temp employment unlike anything economists have seen in years.
|#JobsReport numbers weaker than predicted, but the U.S. still added 217K #Jobs in May. Read @ajilon’s report: http://ajilon.co/1lkr8VK
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Health Care & Social Assistance Sector Seeing Double & Triple in May
The Health Care & Social Assistance sector added 55,000 in may – 34,000 of those coming solely from the Health Care industry. The numbers were slightly surprising, as Health Care saw double their average monthly gain for the past 12 months. Many of these positions were in physician offices, outpatient centers and home health services.
Social Assistance saw triple its average gain – 21,000 jobs this month instead of the average of 7,000.
BLS Reports Small Revisions
This month’s report included only one small revision over the change of total nonfarm employment in April. The employment gains were actually 6,000 lower than previously reported; therefore, the correct number of jobs added in April 2014 was 282,000.
Will July’s Report Rise Like the Temperature?
What do you think about June’s Professional Staffing Jobs Report? Do you have any personal predictions for July? Share your insights with us in the comments below!
Are you hiring the right talent for your team?
|With hiring still on the rise in 2014, how can you be sure that your organization is hiring for the right skills and cultural fit? Ajilon is here to help. We created this handy infographic to help you hire the best people for your culture. We discuss skills to target and which personalities would best match your company’s culture.|