may 2016 employment trends report - staff management€¦ · trends report may 2016 april job gains...

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160K JOBS ADDED IN APRIL Sources HTTP://WWW.BLS.GOV/NEWS.RELEASE/EMPSIT.NR0.HTM HTTPS://AMERICANSTAFFING.NET/POSTS/2016/05/06/BLS-STAFFING-EMPLOYMENT-GROWTH-CONTINUED-APRIL/ In the current slow growth economy, businesses are understandably cautious about adding to employee headcount. However, staffing and recruiting firms continue to report increases in demand across several sectors as clients strategically increase the size of their flexible and permanent workforces. RICHARD WAHLQUIST PRESIDENT AND CHIEF EXECUTIVE OFFICER OF THE AMERICAN STAFFING ASSOCIATION EMPLOYMENT TRENDS REPORT MAY 2016 APRIL JOB GAINS TOTAL NONFARM PAYROLL EMPLOYMENT GAINS $25.53 $21.45 PRIVATE-SECTOR PRODUCTION & NONSUPERVISORY NONFARM PAYROLL AVG. HOURLY EARNINGS INCREASED 2.5% OVER THE YEAR 5% AVERAGE HOURLY PAY UNEMPLOYMENT RATE AMERICAN STAFFING ASSOCIATION FEBURARY 233K MARCH APRIL 160K * * NUMBERS HAVE BEEN REVISED NUMBERS HAVE BEEN REVISED 208K 200K/MONTH Over the past 3 months 232K/MONTH Over the past 12 months PROFESSIONAL AND BUSINESS SERVICES SECTOR SAW THE LARGEST GAINS PROFESSIONAL AND BUSINESS SERVICES FINANCIAL ACTIVITIES HEALTH CARE 65K 44K 20K MAY 01 AVERAGE MONTHLY GAINS SECTORS WITH THE LARGEST GAINS NONFARM PAYROLL HOURS 34.5 3.3 33.7 FACTORY OVERTIME HOURS MANUFACTURING HOURS 40.7 AVERAGE WORK WEEK PRODUCTION & NON-SUPERVISORY HOURS U.S. STAFFING INDUSTRY 2.3% 3.3% STAFFING EMPLOYMENT DOWN .3% FROM MARCH & UP 2.3% FROM APRIL 2015 YEAR-TO-YEAR STAFFING JOB GROWTH AVERAGED 3.3% PER MONTH OVER THE PAST 12 MONTHS SEASONALLY ADJUSTED SEASONALLY ADJUSTED THE UNEMPLOYMENT RATE IS UNCHNAGED

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Page 1: MAY 2016 EMPLOYMENT TRENDS REPORT - Staff Management€¦ · trends report may 2016 april job gains total nonfarm payroll employment gains $25.53 $21.45 private˜sector production

160KJOBS ADDEDIN APRIL

Sources

HTTP://WWW.BLS.GOV/NEWS.RELEASE/EMPSIT.NR0.HTM HTTPS://AMERICANSTAFFING.NET/POSTS/2016/05/06/BLS-STAFFING-EMPLOYMENT-GROWTH-CONTINUED-APRIL/

In the current slow growth economy, businesses are understandably cautious about adding to employee headcount. However, staffing and recruiting firms continue to report increases in demand across several sectors as clients strategically increase the size of their flexible and permanent workforces.

”RICHARD WAHLQUISTPRESIDENT AND CHIEF EXECUTIVE OFFICER OF THE AMERICAN STAFFING ASSOCIATION

EMPLOYMENT TRENDS REPORT

MAY 2016

APRIL JOB GAINS

TOTAL NONFARM PAYROLL EMPLOYMENT GAINS

$25.53

$21.45

PRIVATE-SECTOR PRODUCTION& NONSUPERVISORY

NONFARMPAYROLL

AVG. HOURLY EARNINGS INCREASED 2.5% OVER THE YEAR

5%

AVERAGE HOURLY PAY UNEMPLOYMENT RATE

AMERICAN STAFFING ASSOCIATION

FEBURARY 233K

MARCH

APRIL 160K

*

*

NUMBERS HAVE BEEN REVISED

NUMBERS HAVE BEEN REVISED

208K

200K/MONTH Over the past 3 months 232K/MONTHOver the past 12 months

PROFESSIONAL AND BUSINESS SERVICES SECTOR

SAW THE LARGEST GAINSPROFESSIONAL

AND BUSINESSSERVICES

FINANCIAL ACTIVITIES HEALTH CARE

65K44K

20K

MAY01

AVERAGE MONTHLY GAINS

SECTORS WITH THE LARGEST GAINS

NONFARM PAYROLL HOURS

34.5 3.3 33.7

FACTORY OVERTIME HOURS

MANUFACTURINGHOURS

40.7

AVERAGE WORK WEEK

PRODUCTION &NON-SUPERVISORY

HOURS

U.S. STAFFING INDUSTRY

2.3% 3.3%STAFFING EMPLOYMENT DOWN .3% FROM MARCH & UP 2.3% FROM APRIL 2015

YEAR-TO-YEAR STAFFING JOB GROWTH AVERAGED 3.3% PER MONTH OVER THE PAST 12 MONTHS

SEASONALLY ADJUSTED SEASONALLY ADJUSTED

THE UNEMPLOYMENT RATE IS UNCHNAGED