Employment increased by 280,000 jobs in May, with the greatest job gains occurring in:
- Professional and business services: Added 63,000 jobs in May (and 671,000 jobs over the whole year). Specific areas seeing the most gains in this category include:
- Computer systems design and related services, +10,000 jobs.
- Management and technical consulting services, +7,000 jobs.
- Architectural and engineering services, + 5,000 jobs.
- Leisure and hospitality: Added 57,000 jobs in May, with the highest gains being seen in entertainment and recreation, which added 29,000 jobs.
- Healthcare: Added 47,000 jobs in May.
- Retail trade: Added 31,000 in May, with automobile dealers accounting for 8,000 jobs.
- Construction employment: Added 17,000 jobs in May.
- Financial activities: Added 13,000 jobs in May, with about half the gain in insurance carriers and related activities.
- Transportation and warehousing: Added 13,000 jobs in May.
Employment continued to trend up in temporary help services, with 20,000 jobs being added in the month of May.
The average workweek for all employees was 34.5 hours in May. For manufacturing, the workweek was 40.7 hours, and factory overtime remained at 3.3 hours. Average hourly earnings for all employees rose by 8 cents to $24.96. Over the year, average hourly earnings have risen by 2.3%. The unemployment remained at 5.5%.
The skilled worker supply continues to tighten as companies search for talent to fill the added positions. Many companies, staffing companies included, have decided to get more deeply involved in education and training to help fill the skills gap. A recent study from Staffing Industry Analysts shows that 29% of temporary contractors desire training opportunities. Watch for leadership from Nelson on this as we embrace innovative strategies to bring about successful recruiting results.