Staffing Firms Add 15,100 Jobs
Staffing firms created 15,100 new jobs in October, up 0.5% from September and 8.8% from October 2013, according to seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. Year-to-year growth is nearing the 9% rate recorded at the beginning of this year—averaging 8.7% over the past 12 months.
Nonseasonally adjusted BLS data, which estimate the actual number of jobs in the economy, indicated that temporary help employment increased 1.6% from September and 8.3% from the same month last year.
“Although the pace of labor market recovery has been slow and uneven in the five years and four months since the end of the Great Recession, the story is that companies are now consistently adding jobs across most sectors,” said Richard Wahlquist, president and chief executive officer of the American Staffing Association. “Staffing firms report they expect to see continued hiring in the year ahead.”
Total U.S. nonfarm payroll employment rose by 214,000 jobs in October (seasonally adjusted), BLS reported. Incorporating revisions for August and September, monthly job gains averaged 224,000 over the past three months, up from an average of 222,000 per month since October of last year.
The unemployment rate edged down to 5.8% in October versus 5.9% in September. Over the year, the unemployment rate is down by 0.8 percentage point.
BLS also released preliminary September employment data for search and placement services. Seasonally adjusted, employment increased 2.2% from August to September, totaling 330,600—the greatest number of search and placement jobs since September 2001 and 12.7% more than September 2013.
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About the American Staffing Association
The American Staffing Association is the voice of the U.S. staffing, recruiting, and workforce solutions industry. ASA and its state affiliates advance the interests of the industry across all sectors through advocacy, research, education, and the promotion of high standards of legal, ethical, and professional practices. For more information about ASA, visit americanstaffing.net.