With only 142,000 jobs created in August, the six-month streak of at least 200,000 jobs created per month was broken according the U.S. Bureau of Labor Services Employment Situation report released Friday. The unemployment rate for the month remained steady at 6.1%. Despite the stalled growth, the over-the-year numbers still indicated a stronger employment situation. Over the past 12 months, the unemployment rate is down 1.1% and the number of unemployed persons is down 1.7 million.
- June’s new jobs revised down from 298,000 to 267,000
- July’s new jobs revised up from 209,000 to 212,000
Together, these two revisions indicate a 28,000 deficit from the previous initial monthly reports.
August Jobs Report Focus on IT
Professional and business services – the industry sector that contains IT and tech jobs – continued to lead in growth for the month. With 47,000 new jobs in August, the sector has created 639,000 jobs in the past 12 months.
Of the 47,000 new jobs, 4,500 were specific to IT. Computer systems design and related services posted 1,500 while Management and technical consulting services added 3,000.
Stay Ahead of Your Hiring Competition
With tech continually being one of the most competitive hiring spaces, candidates are looking at more than just salary when making a decision. Modis President Jack Cullen sat down with Network World to discuss the perks and benefits employers are offering to attract top talent. Additionally, our latest white paper details winning strategies for engaging and retaining employees. Download your free copy here.