According to report released by BLS on 7/04/2017 from the bureau of labor statistics, current trends in employment continue to increase in certain sectors while it decreases in other. In March for example, employment in all non farm jobs recorded an increase by 98000 while it drastically dropped by 38000 in January and February. Average hourly earnings went up by 2.7% but with an average of 34.3 in the month of March. Below are the highlights in every sector.
Mining and support services had been low in employment since October 2016 but in 2016 it recorded an increase of 20,000 in march and 35000 more since January. The increase in population is favored by increase in domestic oil rig counts.
Employment in the construction industry has been rising steadily with a huge increase in employment on February by 59000. In average, all months this year has been recording an increase of 33000 as compared to the 20,000 that was the last 4 months of 2016.
Manufacturing industry also recorded an increase too, same and hand in hand with construction industry. It recorded an average increase of 17000 per month with March posting 11,000 jobs. There has been an increase of 67,000 jobs created since November 2016.
General wholesale stores lost about 35000 jobs in March thus affecting employment. It has since declined by 89000 since October 2016. However, if analysis was done from Jan 2016, the industry will illustrate an increase of 46,000 jobs only.
Transportation, warehousing and utilities
The transport and warehousing industry seems unchanged this year with a mere increase of jobs by 4000 in March. The overall increase in employment however for the last 12 months has risen up by 1.8%. Employment utilities decrease by 1000.
In the month of March, employment in this sector dropped by 3000. That is not all. People have been losing their employment since September totaling 39,000. Of the large contributing department in this sector is telecommunication department that resulted in 63% of the jobs lost.
Employment in this sector continued to scale up by 9000 over the months by maintaining an average of 15000 increases per month. So far, it has created over 45000 jobs due to a swell in finance and insurance activities.
Professional and business services
Architectural and engineering services tops in this industry by adding 7000 more jobs this year as compared to the 2000 it did in 2016. March leads in increase in employment with 22000 jobs created. This first quarter alone, this sector has created 151,000 jobs compared to 137,000 it posted in the last quarter of 2016. Services related to buildings led to increase of 17,000 jobs, administrative and waste services gave 33,000 jobs. Help services jobs was not left behind as it also increased by 11000
Private education and health services
Healthcare industry has added 20000 more jobs per month due to an increase of job creation by 9000 and 6000 in- inpatient and outpatient respectively.
“While the increase in employment is promising, we’re still seeing a ton of disputes between unions and companies, and individual employees who are being wrongfully dismissed, and thus the need for Employment Lawyers has grown substantially.” – says Brian of Hummingbird Lawyers LLP
Leisure and hospitality
Compared with last year 2016 where this sector was creating 23,000 jobs per month, it is posting an average of 20,000 per month this year. This records a drop of 3000 jobs that has been lost mainly by the entertainment and recreation industry.
This recorded flat results of 1000 increase in jobs every month all the year 2016. The trend is continued in 2017.
This is another sector that is recording a flat of 2000 increase with a slight change in March where it increased jobs by 9,000.
All above information are current and directly sourced from US Bureau of labor statistics.