November, Q3 job numbers released
January 11, 2017
The Bureau of Labor Statistics (BLS) released November labor numbers as well as the report outlining jobs results for the third quarter.
Temporary employment help edged up .5% from October to November, according to seasonally adjusted data. The report also states staffing firms added 14,300 jobs in November, which is a 1.9% increase since November 2015.
In the last six (6) months, year-to-year job growth has averaged 1.6% per month, compared with the average of 1.9% over the last 12 months.
Staffing companies employed an average of 3.24 million temporary and contract workers per week in the third quarter of 2016. Staffing employment growth eased (down 0.6%) compared with the same period in 2015, according to the BLS.
The nonseasonally adjusted data that estimates the actual number of jobs in the economy showed temporary employment increased by 25,900 — a 0.8% increase from October to November. Year-over-year, 2.1% more staffing employees in November were hired than in the same month last year.
“Temporary help always shows growth during the holiday season,” said Maruf Ahmed, President and COO of DISYS. “But we also see some drops in active hires, as businesses work towards meeting budget goals. With the budget reset in January, we very well could see a hiring ramp up.”
On a quarter-to-quarter basis, staffing employment gained 2.1% from the second to third quarter, while temporary and contract staffing sales increased 1.2%.
Total U.S. nonfarm payroll employment increased by 178,000 jobs in November (based on BLS reports). Incorporating revisions for September and October, job gains averaged 176,000 per month over the past 3 months which is less than the average of 196,300 for the prior 12 months.
The unemployment rate declined by 0.3 percentage points to a nine-year low of 4.6% in November.
BLS also released preliminary October employment data for search and placement services, which, seasonally adjusted, was essentially unchanged (0.1%) from September. Search and placement jobs totaled 321,100 in October; a 5.8% inflation than in the same month last year.
Note: If you are looking for temporary, contract or permanent placement employees, DISYS has an extensive talent pool of IT/Tech/Finance professionals. Our domestic and international network of offices allows us to respond quickly to even the largest requests, identifying resources unknown to other firms and delivering clockwork deployment. DISYS provides IT Staffing focused on quickly placing individuals with highly-specific skillsets that perfectly fit your IT needs. The firm also specializes in Business and Professional Staffing, utilizing a broad network of job seekers and proven recruiting processes to meet your specific staffing needs.