Jobs report: Where they were added

June Bounces Back with 224,000 Jobs! Per the U.S. Bureau of Labor Statistics’ June 2019 #JobsReport, our nation’s payrolls added 224,000 jobs, with 51,000 jobs added to the business and professional services sector. Similarly, at Rose International we saw a 42% increase in business and professional jobs from our clients across the U.S. This information came as a relief for many as May’s jobs report had indicated an economic slowdown. Despite current trade issues with China, the U.S. has continued to add jobs, though not as quickly as it had in 2018. (https://nyti.ms/2JqLmhY) From Rose International’s monthly employment figures in the business and professional services sector, we saw an increase by 42% in the number of jobs from our clients across the U.S. In 2018, we saw a 7% decrease from May to June. Over the last 2 years, Rose has hired 20,000 people. Overall, this strong unexpected job growth signifies a robust economy and the confidence in US economic prospects despite all the concerns being raised of automation, entry-level jobs being replaced by machines, or trade wars. We are experiencing firsthand the confidence our Fortune 500 clients have and see it impacting their hiring decisions. #BLSdata

Healthcare continues to create more new jobs in the U.S. than any other sector of the economy. The shortage of experienced workers in many of the health occupations is increasing at the same time that the demand for health services is increasing. Healthcare recruiters are not facing a recruitment challenge - they are facing a supply & demand challenge! Increasingly, international recruitment is seen as valuable component of an overall staffing plan. So far in 2019, WorldWide HealthStaff Solutions has recruited almost 1,000 experienced health professionals from around the world for U.S. healthcare recruiters. #nursing #recruiting #directhire #recruitment #experienced #recruiters

U.S. employers added 224,000 jobs in June, easing fears of a hiring slowdown and showing a strong labor market could propel the domestic economy facing threats from abroad. The jobless rate last month ticked up to 3.7% in part because more Americans entered the labor force to look for a job.

In photography, a negative reverses the values—light becomes dark and dark becomes light. So too in this jobs report. Conventional interpretations see “better than expected jobs report (yay economy!).” Take a closer look at the photo negative and insert two words before each category: “demand for” retail jobs are down, “demand for” social assistance and assisted living jobs are up, “demand for” professional services (ie accountants and lawyers) are up. Our consumer nation is retiring and consumption norms will be challenged. Do you know your consumer’s economic reality?

I guess this is why I like to analyze metrics. I am starting to think metrics like this - while factually correct - are misleading without additional metrics to back them up. What I’d like to see is more explanation of the facts. Here are some examples I’d like to see explained in greater detail: - which industries grew and which contracted. What is their overall employment figures and what are the absolute numbers very relative percentages. - what are the wages for the roles created? Did we create a million minimum wage jobs at the expense of a loss of ‘high paying’ roles? - what was the wage growth or decline relative to inflationary pressure? On one hand I think this says positive economic growth. However LinkedIn posted this morning that another study found more and more Americans are living paycheck to paycheck and the latest economic expansion isn’t resulting in wealth growth across the economic spectrum. My personal unsupported opinion on this is the economy is growing, but due to a number of factors, the benefit and dividends of this growth are not being applied across the economic spectrum. This is why we need to understand the ‘why’ as much or if not more than the ‘what’.

Per attached from the Wall Street Journal, a strong US jobs report this morning with ... Impressive job creation, Higher labor participation rate, and Wage growth remaining above 3% with muted inflation. But, with high markets dependence on the Fed, good economic news has led to a sell-off in stocks and bonds. #us #economy #markets #jobs #employment #growth #wages #bonds #stocks #wsj

Great to see.....Quarter of Million jobs created in June & rising wages at 3.1%... U.S. Added 224,000 Jobs in June. That resilience is good news for workers, who are benefiting from what is now, at least unofficially, the longest economic expansion on record

Quantity doesn't replace quality! The jobs on offer have tended to be lower quality positions with lower pay, this is not going to help the economy or our love of debt!

Strong numbers for June. The resulting increase in unemployment due to 300K new entrants into the labor market, quite possibly college graduates, is a good sign. Wage gains at 3.1% are still somewhat offset by inflation. April and May were revised downward, but the economy is still producing good results and we are now in the longest economic expansion on record. Makes it difficult to understand why a potential Fed rate cut may be looming.