Written By ESR News Blog Editor Thomas Ahearn
Private sector employment in the United States increased by 248,000 jobs in September 2014 while the unemployment rate declined to 5.9 percent and the number of unemployed persons decreased to 9.3 million, according to ‘THE EMPLOYMENT SITUATION — SEPTEMBER 2014’ jobs report released by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). The most recent jobs report is available at http://www.bls.gov/news.release/pdf/empsit.pdf.
The September 2014 jobs report revealed the unemployment rate and the number of unemployed persons declined by 1.3 percentage points and 1.9 million respectively over the past year. Over the prior twelve months, job growth averaged 213,000 jobs per month.
The jobs report for September 2014 found employment increased most in professional and business services, retail trade, and health care. Among specific industries, the jobs report found:
- Professional and business services employment added 81,000 jobs in September 2014 and has added 639,000 jobs over the past 12 months.
- Retail trade employment rose by 35,000 jobs in September 2014 and employment in this industry has increased by 264,000 jobs in the past 12 months.
- Health care employment increased by 23,000 jobs in September 2014 with home health care services and hospitals adding 7,000 jobs and 6,000 jobs respectively.
- Food services and drinking places employment within leisure and hospitality added 20,000 jobs in September 2014 and is up by 290,000 jobs over the year.
- Construction employment rose by 16,000 jobs in September 2014 and has added 230,000 jobs over the year.
- Information employment increased by 12,000 jobs in September 2014 with 5,000 jobs added in telecommunications.
- Financial activities employment added 12,000 jobs in September 2014 and has added 89,000 jobs over the year.
- Mining employment rose by 9,000 jobs in September 2014 and has added 50,000 jobs over the year.
The jobs report also found that employment in other major industries including manufacturing, wholesale trade, transportation and warehousing, and government showed little change over the month.
In addition, the September 2014 jobs report revealed the change in total nonfarm payroll employment for July 2014 was revised from 212,000 jobs added to 243,000 jobs added and the change for August 2014 was revised from 142,000 jobs added to 180,000 jobs added. With these revisions, employment gains in June and July combined were 69,000 jobs more than previously reported.
The jobs report for October 2014 is scheduled to be released on November 7, 2014.
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