The latest From the BLS Employment Report:
The Labor Department released its July hiring and unemployment figures on Friday morning, providing the latest snapshot of the American economy.
The July jobs report showed an increase in total nonfarm employment by 209,000 jobs. The unemployment rate decreased slightly to 4.3 percent, continuing to hover at a 16-year low. The June jobs report was also revised up by 9,000 jobs to 231,000. This news is expected to have positive results in the stock market and government bonds.
This month, the largest employment increases occurred in food services and drinking places, professional and business services and health care.
Economists’ predictions
Economists had expected employment gains of 180,000. Actual gains of 209,000 exceeded those expectations.
Tweet This: Check out what the latest #BLS numbers mean for the #accounting industry via @acctprincipals: http://acctprin.us/2v3BSDmThis Month’s Jobs Report
Let’s break down the numbers from this month’s jobs report.
In July, hourly wages increased by $0.09 to $26.36 per hour, following a 5 cent increase in June. This brings the year-over-year wage percentage increase to 2.5 percent. The unemployment rate saw a slight downtick to 4.3 percent.
Wages
- $26.36 July
- 0.09 month-over-month
- 2.5% year-over-year
- $26.27 June
Unemployment
- 4.3% July
- -0.1% month-over-month
- 4.4% June
In-Depth Look: Accounting and Finance Jobs
Let’s take a look at how the Accounting and Finance industry is performing.
Finance and insurance
- Month-over-month change: 8,600
- 104,500 jobs added year-over-year
Accounting and bookkeeping services
- Month-over-month change: 2,400
- 16,300 jobs added year-over-year
Financial activities
- Month-over-month change: 6,000
- 148,000 jobs added year-over-year
Author
Accounting Principals
We're Accounting Principals--a leader in finance and accounting staffing. In fact, since 2010, we've been part of Adecco Group, a Global 500 company and leader in staffing services around the world. But this isn't staffing as usual. We take quite a different approach than most staffing agencies. A people-focused approach. We believe in forming real relationships with both our clients and our candidates. We want to understand the needs on both sides.