According to the Bureau of Labor Statistics’ jobs report, 156,000 jobs were created in September 2016 and the unemployment rate showed little change at 5.0 percent.
Unemployment Rate Continues to Remain Steady
There was little change to the unemployment rate in September, which was reported at 5.0 percent. The number of unemployed persons also showed little change (7.9 million). Neither figure has experienced significant net change since August 2015.
The average number of jobs created per month for the last three months is 192,000, with 156,000 jobs created in September.
Revisions to previous months: The change in total nonfarm payroll employment for July was revised from +275,000 to +252,000, and the change for August was revised from +151,000 to +167,000.
Consistent Increase in Wages
In September 2016, the average hourly wage of U.S. workers rose six cents to $25.79. This is a 2.6 percent year-over-year increase in hourly earnings.
Tech Adds Most Jobs to Professional and Business Services Sector
Professional and business services added the most jobs to the economy in September with a total of 67,000. Tech contributed to almost half of this growth, adding 29,900 jobs in the professional and technical services sector.
The specific areas seeing the most growth in the professional and technical services sector include:
- Management and technical consulting services (+15,900 jobs in September 2016)
- Accounting and bookkeeping services (+6,100 in September 2016)
- Computer systems design and related services (+5,400 jobs in September 2016)
The unemployment rate for professional and technical services was 3.2% in September 2016, a change of 0.6% from August 2016.
September Jobs Report Fast Facts
Hire Top Tech Talent in 2016
While the IT industry continues to add jobs, the competition to hire the best talent will continue to heat up. Modis can help you stay ahead in 2016 and connect your business with the very best tech professionals. Learn more about how we can move your business forward or contact us today!