July Job Market Updates: Shaker’s Take

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Shaker’s review of job growth stats indicate slow, sometimes sporadic, but steady growth at this time. According to ADP, private-sector jobs went up by 156,000 in July. Statistics from the Department of Labor show that total nonfarm payroll employment went up by 164,000 jobs. This is in line with the average employment growth of the last six months.

In July, the unemployment rate remained at 3.7%. Average hourly earnings for all employees on private nonfarm payrolls increased by 8 cents, bringing the total to $27.98. Average hourly earnings have grown by 3.2% in the past 12 months.

Check out the infographic below for more information about how the job market changed in July.

The employment marketplace remains a candidate’s (buyer’s) market, requiring companies to maintain visibility through a variety of recruitment marketing solutions to sustain candidate generation. For advice on short-term initiatives as well as consultation on long-term objectives, please contact us at info@shaker.com.

 

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Mike Temkin

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