September Jobs Report: Professional and Tech Unemployment Decreases

by Katie Brock on October 6, 2017

national jobs reportThe unemployment rate dropped in September, decreasing by 0.2 percent to 4.2 percent. Septemberpayrolls fell by an estimated 33,000, creating a negative job growth for the first time since September 2010.

Experts believe the sharp employment decline in some industries – such as food services and drinking places – likely reflect the impact of the Hurricane Harvey and Irma.

National Unemployment Rate Decreases.

September’s 0.2 percent drop in unemployment rate to 4.2 percent marked the month of decrease in the U.S. unemployment rate. Over the past year, the rate has declined 0.7 percent, decreasing the number of unemployed by 1,103,000. The average number of jobs created averaged 91,333 per month over the past three months.

Increases for Hourly Wages Continue.

Over the past year, average hourly earnings have risen 74 cents (2.9 percent). Due to the 12 cent rise in average hourly earnings for all employees on private nonfarm payrolls, the rate is currently at $26.55.

Steady Gain of Tech Jobs.

13,000 jobs were added to professional and business services sector added in September. 11,900 of those jobs are attributed to professional and technical services.

The specific areas seeing the most growth in the professional and technical services sector include:

  • Computer systems design and related services (+4,200 jobs in September 2017)
  • Scientific research and development services (+2,200 in September 2017)
  • Management and technical consulting services (+1,900 jobs in September 2017)

The unemployment rate for professional and technical services dropped in September to 2.8 percent.

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