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NATIONAL JOBS REPORT

Real time jobs report data summary. Figures are based on the latest data
provided by the Bureau of Labor Statistics (BLS.gov). All jobs numbers are for
non-farm employment.

For local jobs report data, click here.

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TOTAL JOBS ADDED

+253,000
 * From Last Month: +0.2%
 * 3 Month Average: 222,000
 * From Last Year: +2.6%


UNEMPLOYMENT RATE

3.4%
 * Month Over Month: -0.1%
 * 3 Month Average: 3.5%
 * Year Over Year: -0.2%


+253,000 JOBS IN APRIL

JanFebMarAprMayJunJulAugSepOctNovDecJanFebMarApr20230200K400K600K800K1M

MonthJobs AddedApr 2023 253,000Mar 165,000Feb 248,000Jan 472,000Dec 239,000Nov
290,000Oct 324,000Sep 350,000Aug 352,000Jul 568,000Jun 370,000May 364,000Apr
254,000Mar 414,000Feb 904,000Jan 364,000

1M



NATIONAL UNEMPLOYMENT RATE

Unemployment
RateJanFebMarAprMayJunJulAugSepOctNovDecJanFebMarApr20233.4%3.5%3.6%3.7%3.8%3.9%4%

MonthUnemployment RateApr
20230.034Mar0.035Feb0.036Jan0.034Dec0.035Nov0.036Oct0.037Sep0.035Aug0.037Jul0.035Jun0.036May0.036Apr0.036Mar0.036Feb0.038Jan0.04

Unemployment Rate



APRIL SHOCKS ECONOMISTS WITH 235,000 JOBS ADDED

Following three months of slower job growth, April’s Job Report stunned economic
experts as the labor market grew by 235,000 jobs – 50,000 more jobs than what
was predicted (185,000). Many other markets have reacted well to this news of a
robust economy as the DOW futures rose 200 points and S&P futures increased by
0.7%.

Historically, stock markets in the US have fallen upon news of job growth, due
mostly to imminent rate hikes from the Federal Reserve. But April markets have
responded more favorably, signaling that we may have avoided a recession or, at
the very least, will only experience a mild economic downturn.

Jerome Powell, chair of the Federal Reserve, shared similar sentiments, saying:
“There are some signs that supply and demand in the labor market are coming back
into balance.” He also revealed that he thinks it is more likely that the US
will evade a recession but that it’s still possible “that we will have what I
hope would be a mild recession.”


UNEMPLOYMENT LOWEST RECORDED IN HISTORY

In another sign that we may be in the clear of a recession, the unemployment
rate dropped to 3.4% in April (vs. 3.6% expected). This ties the record set in
May 1969 for the lowest unemployment rate in US history. The unemployment rates
for all working groups regardless of age, gender, and race remained stable in
April.

The labor force participation rate for April came in at 62.6% with over 171,000
more workers than recorded in April 2022. This uptick in participation is
largely among prime-age workers (age 25-54), further indicating future stability
for the US economy.


PROFESSIONAL SERVICES SAW BIG GAINS

For the past six months, the professional services industry averaged a monthly
gain of 25,000 jobs. April saw this number almost double as 45,300 positions
were added in professional, technical, and scientific services. Other big
winners include health care and social services with a combined 64,200 jobs
added and the leisure and hospitality industry with 31,000 jobs added.

Despite reports of layoffs in the construction industry, the sector saw little
change in April, as did manufacturing, wholesale trade, retail trade, and
warehousing/transportation sectors.


WHAT’S NEXT?

April’s Job Report comes just two days after the Federal Reserve announced its
10th interest rate hike in a year. However, news of a robust economy and stable
markets will signify a change in strategy for America’s central banking system.

Powell, for the first time in months, has not signified any future rate
increases following a BLS Jobs Report release, instead stating: “We will be
driven by incoming data, meeting by meeting.” Watch this space to see how the
Fed reacts month-by-month and how interest rates are impacted.


ADECCO IS HERE TO HELP

With a job market that continues to defy expectations, it can be hard to predict
what’s coming next. Luckily, our services will help you stay ahead. At Adecco,
we can quickly mobilize the right pre-qualified temporary and direct hires at
the best pay rate to match market demand. In addition to connecting you with
experienced workers, we’ll help you retain them through optimized wages,
benefits, and comprehensive training. Talk to us about how we can help you seize
the opportunities today while preparing your workforce for an uncertain future.

Looking for more insights on the Job Report? Amy Glaser, Adecco Senior Vice
President, spoke with Yahoo! Finance about the wage increases.


U.S. INDUSTRY JOB GROWTH FROM THE B.L.S.

Financial activities +23,000
 * Month over month: +0.3%
 * 3 Month Average: +9,107
 * Year over year: +1.0%

Telecommunications +800
 * Month over month: +0.1%
 * 3 Month Average: +653
 * Year over year: -1.7%

Leisure & hospitality +31,000
 * Month over month: +0.2%
 * 3 Month Average: +16,509
 * Year over year: +5.9%

Manufacturing +11,000
 * Month over month: +0.1%
 * 3 Month Average: +12,986
 * Year over year: +1.7%

Retail trade +7,700
 * Month over month: 0.0%
 * 3 Month Average: +15,538
 * Year over year: +0.2%

Transportation & warehousing +10,600
 * Month over month: +0.2%
 * 3 Month Average: +6,732
 * Year over year: +1.8%

Air transportation +3,300
 * Month over month: +0.6%
 * 3 Month Average: +533
 * Year over year: +9.3%

Transportation equipment manufacturing +6,700
 * Month over month: +0.4%
 * 3 Month Average: +1,789
 * Year over year: +4.6%

Chemical manufacturing +2,000
 * Month over month: +0.2%
 * 3 Month Average: +918
 * Year over year: +2.3%

Goods-producing +33,000
 * Month over month: +0.2%
 * 3 Month Average: +21,520
 * Year over year: +2.2%

Hospitals +6,600
 * Month over month: +0.1%
 * 3 Month Average: +5,269
 * Year over year: +3.1%

Computer & electronic product manufacturing +3,200
 * Month over month: +0.3%
 * 3 Month Average: +1,101
 * Year over year: +2.1%

Health care & social assistance +64,200
 * Month over month: +0.3%
 * 3 Month Average: +21,155
 * Year over year: +4.2%

Professional, scientific, & technical services +45,300
 * Month over month: +0.4%
 * 3 Month Average: +10,794
 * Year over year: +4.1%


U.S. JOB GROWTH FOR ALL SECTORS

ConstructionProfessional & business servicesPrivate education & health
servicesMining & loggingFinancial activitiesLeisure & hospitalityTrade,
transportation, & utilitiesManufacturingOther
servicesInformationGovernmentHealth care & social assistanceProfessional,
scientific, & technical services4.1%11.9%21.2%6.3%12.5%17.7%6.3%3%4.7%8.6%

Industry1 Month Job GrowthConstruction15,000Professional & business
services43,000Private education & health services77,000Mining &
logging7,000Financial activities23,000Leisure & hospitality31,000Trade,
transportation, & utilities17,000Manufacturing11,000Other
services5,000Information1,000Government23,000Health care & social
assistance64,200Professional, scientific, & technical services45,300

Professional, scientific, & technical services



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LOCAL JOB REPORTS

 * Alabama
   * Montgomery
   * Tuscaloosa
   * Birmingham-Hoover
 * Arizona
   * Tucson
   * Memphis, TN-MS-AR
   * Phoenix-Mesa-Scottsdale
 * Arkansas
   * Little Rock-North, Little Rock-Conway
 * California
   * Ontario
   * Anaheim-Santa Ana-Irvine, Metro Division
   * Fresno
   * Modesto
   * Napa
   * Chico
   * Stockton-Lodi
   * Riverside-San Bernardino-Ontario
   * Redding
   * Oxnard-Thousand Oaks-Ventura
   * Sacremento-Arden-Arcade-Roseville
   * Oakland-Hayward-Berkeley Metropolitan Division
   * Los Angeles-Long Beach-Glendale
   * San Jose-Sunnyvale-Santa Clara
   * San Diego-Carlsbad
 * Colorado
   * Colorado Springs,CO
   * Fort Collins
   * Denver-Aurora-Lakewood
 * Connecticut
   * Danbury
   * Hartford-West Hartford-East Hartford
   * New Haven
   * Waterbury
 * Delaware
   * Wilmington, DE-MD-NJ
 * Florida
   * Sarasota
   * West Palm Beach-Boca Raton-Delray Beach, Metro Division
   * Tampa-St. Petersburg-Clearwater
   * Palm Bay-Melbourne-Titusville
   * Panama City
   * Tallahassee
   * Fort Lauderdale-Pompano Beach-Deerfield Beach
   * Miami-Fort Lauderdale-West Palm Beach
   * Miami-Miami Beach-Kendall
   * Orlando-Kissimmee-Sanford
   * Lakeland-Winter Haven
   * Jacksonville
 * Georgia
   * Macon
   * Chattanooga
   * Brunswick
   * Atlanta-Sandy Springs-Roswell
   * Athens-Clark County
 * Hawaii
   * Honolulu
 * Idaho
   * Boise City
 * Illinois
   * Champaign-Urbana
   * Springfield
   * Bloomington
   * St. Louis, MO-IL
   * Chicago-Naperville-Arlington Heights
 * Indiana
   * South Bend-Mishawake, IN-MI
   * Lafayette-West Lafayette
   * Gary, Metro Division
   * Fort Wayne
   * Evansville, IN-KY
   * Elkhart-Goshen
   * Columbus
   * Cincinnati, OH-KY-IN
   * Louisville/Jefferson County, KY-IN
   * Indianapolis-Carmel-Anderson
 * Iowa
   * Cedar Rapids
   * Iowa City
   * Omaha-Council Bluffs, NE-IA
   * Des Moines-West Des Moines
 * Kansas
   * Wichita
   * Lawrence
   * Kansas City, MO-KS
   * Topeka
   * Kansas City
 * Kentucky
   * Evansville, IN-KY
   * Huntington-Ashland, WV-KY-OH
   * Clarksville TN - KY
   * Bowling Green
   * Cincinnati, OH-KY-IN
   * Louisville-Jefferson County
   * Lexington-Fayette

 * Louisiana
   * Baton Rouge
   * Shreveport-Bossier City
   * Lafayette
   * New Orleans-Metairie
 * Maine
   * Lewiston-Auburn
   * Portsmouth, NH-ME
   * Portland-South Portland
 * Maryland
   * Washington-Arlington-Alexandria DC-VA-MD-WV
   * Wilmington, DE-MD-NJ
   * Baltimore-Columbia-Towson
 * Massachusetts
   * Worcester, MA-CT NECTA
   * Lawrence-Methuen-Salem
   * Framingham
   * Providence-Warwick, RI-MA NECTA
   * Nashua, NH-MA NECTA Division
   * Boston-Cambridge-Newtown
 * Michigan
   * Flint
   * South Bend-Mishawaka, IN-MI
   * Detroit-Dearborn-Livonia, Metro Division
   * Saginaw
   * Muskegon
   * Kalamazoo-Portage
   * Jackson
   * Lansing-East Lansing
   * Warren-Troy-Farmington Hills
   * Detroit-Warren-Dearborn
   * Ann Arbor
   * Grand Rapids-Wyoming
 * Minnesota
   * Duluth
   * La Crosse-Onalaska, WI-MN
   * Rochester
   * Minneapolis-St. Paul-Bloomington
 * Mississippi
   * Memphis, TN-MS-AR
 * Missouri
   * St. Louis
   * Joplin
   * Kansas City MO-KS
 * Montana
   * Billings
 * Nebraska
   * Lincoln
   * Omaha-Council Bluffs, NE-IA
 * Nevada
   * Las Vegas-Henderson-Paradise
   * Reno
 * New Hampshire
   * Manchester
   * Nashua, NH-MA NECTA Division
   * Portsmouth NH-ME
 * New Jersey
   * Middlesex-Monmouth-Ocean
   * Bergen-Hudson-Passaic
   * Camden, Metro Division
   * Trenton
   * Allentown-Bethlehem-Easton, PA-NJ
   * New York-Jersey City-White Plains, NY-NJ Metropolitan Division
   * Wilmington, DE-MD-NJ
   * Newark, NJ-PA Metropolitan Division
 * New Mexico
   * Albuquerque
 * New York
   * Newark
   * Orange-Rockland-Westchester
   * Nassau County-Suffolk County, Metro Division
   * Albany-Schenectady-Troy
   * Rochester
   * Syracuse
   * Binghamton
   * New York-Jersey City-White Plains, NY-NJ Metropolitan Division
   * Buffalo-Cheektowaga-Niagara Falls
 * North Carolina
   * Winston-Salem
   * Rocky Mount
   * Wilmington
   * Greenville
   * Fayetteville
   * Hickory-Lenoir-Morganton
   * Durham-Chapel Hill
   * Burlington
   * Asheville
   * Raleigh
   * Greensboro-High Point
   * Charlotte-Concord-Gastonia

 * Ohio
   * Youngstown-Warren-Boardman, OH-PA
   * Huntington-Ashland, WV-KY-OH
   * Wheeling, WV-OH
   * Weirton-Steubenville, WV-OH
   * Lima
   * Akron
   * Canton-Massillon
   * Springfield
   * Dayton
   * Mansfield
   * Cleveland-Elyria
   * Columbus
   * Toledo
   * Cincinnati, OH-KY-IN
 * Oklahoma
   * Tulsa
   * Oklahoma City
 * Oregon
   * Portland-Vancouver-Hillsboro
 * Pennsylvania
   * West Chester
   * Youngstown-Warren-Boardman, OH-PA
   * Philadelphia, Metro Division
   * State College
   * Erie
   * Harrisburg-Carlisle
   * York-Hanover
   * Philadelphia City
   * Scranton-Wilkes-Barre-Hazleton
   * Pittsburgh
   * Allentown-Bethlehem-Easton
 * Rhode Island
   * Providence-Warwick
 * South Carolina
   * Myrtle Beach-Conway-North Myrtle Beach, SC-NC
   * Greenville-Mauldin-Easley
   * Florence
   * Charlotte-Gastonia-Rock Hill
   * Columbia
 * South Dakota
   * Rapid City
 * Tennessee
   * Kingsport-Bristol, TN-VA
   * Clarksville, TN - KY
   * Chattanooga, TN-GA
   * Nashville-Davidson-Murfreesboro-Franklin
   * Memphis TN-MS-AR
   * Knoxville
 * Texas
   * El Paso
   * Dallas-Plano-Irving
   * Waco
   * Corpus Christi
   * College Station-Bryan
   * San Antonio-New Braunfels
   * Fort Worth-Arlington
   * Houston-The Woodlands-Sugar Land
   * Austin-Round Rock
 * Utah
   * Salt Lake City
 * Vermont
   * Burlington-South Burlington
 * Virginia
   * Kingsport-Bristol, TN-VA
   * Northern Virginia
   * Washington-Arlington-Alexandria, DC-VA-MD-WV
   * Roanoke
   * Richmond
   * Lynchburg
   * Blacksburg-Christiansburg-Radford
   * Virginia Beach-Norfolk-Newport News
   * Charlottesville
 * Washington
   * Seattle-Bellevue-Everett
   * Spokane
   * Portland-Vancouver-Hillsboro, OR-WA
 * West Virginia
   * Morgantown
   * Washington-Arlington-Alexandria, DC-VA-MD-WV
   * Weirton-Steubenville, WV-OH
   * Huntington-Ashland, WV-KY-OH
   * Wheeling, WV-OH
   * Parkersburg-Vienna
   * Charleston
 * Wisconsin
   * Janesville-Beloit
   * Oshkosh-Neenah
   * Racine
   * Fond Du Lac
   * La Crosse
   * Green Bay
   * Eau Claire
   * Milwaukee-Waukesha-West Allis
 * Wyoming
   * Casper
   * Cheyenne

BLS.gov cannot vouch for the data or analyses derived from these data after the
data have been retrieved from BLS.gov.
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