Labor and Industry Trends
Not Too Hot and Not Too Cold
The BLS data for August showed a still strong, but somewhat tempering labor market. This is another positive data point for The Federal Reserve as they attempt to cool the economy to bring inflation down. Equity markets liked the numbers as they may allow The Federal Reserve to end the cycle of raising interest rates in the not-too-distant future.
Client focus: healthcare
The healthcare industry led job gains, adding 71,000 jobs in August. This reflects an on-going upward trend over the past year. Taking a closer look at the job trends within this sector, Kforce data platforms indicate continued employment gains among technologists in healthcare.
Kforce is a proven partner in helping industry-leading companies power their most critical projects with highly skilled technologists. Our healthcare specialty group works with hundreds of healthcare providers, including the nation's top university hospitals and medical centers, honor roll hospitals, major healthcare insurers and national consulting firms focused on the healthcare community.
by Michael Blackman
CURRENT LABOR INDICATORS
February Jobs One-Month Net Change
Learn More About Kforce
As Chief Corporate Development Officer at Kforce, Michael Blackman, a 32-year Kforce veteran, is the primary focal point for the firm with the Wall Street and financial communities. He is regularly sought out by leading economists for his perspectives on the economy and labor markets, and he contributes to a number of key proprietary economic publications.
3.8
Total Unemployment
%
187,000
Total Job Gains
%
4.3
Wage Growth (YoY)
74K
35.5K
29K
Source: U.S. Bureau of Labor Statistics
Leisure + Hospitality
Health care + Social assistance
Government
Professional + Business services
%
5.1
SPACE IN BETWEEN MODULES/ Macros/ Sections
SPACE IN BETWEEN HEADER AND SUBHEAD + Subhead & Body
Job Creation by Industry 12-Month Net Change
Published SEPTEMBER 11, 2023
Source: U.S. Bureau of Labor Statistics
Source: U.S. Bureau of Labor Statistics
August 2023
Monthly Job Creation in the U.S.
SPACE IN BETWEEN BUTTONS
72K
Jan 2022
AUGUST 2023
This Ruler is for the Space Above and Below the Header Text Area.
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And From the Bottom of the Header Text to the Bottom of the Header Photo.
This Ruler is for the Space Between the Bottom of the Hero/Header Text and the
Subheader Copy. Check Your Spacing for Consistency.
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Michael Blackman
CHIEF CORPORATE DEVELOPMENT OFFICER
Connect with me
Connect with me
Meet the Author
Learn More About Kforce
Labor and Industry Trends
for May 2023
Brad Boyd
PRACTICE LEADER
Meet the Authors
As Chief Corporate Development Officer at Kforce, Michael Blackman, a 30-year Kforce veteran, is the primary focal point for the firm with the Wall Street and financial communities. He is regularly sought out by leading economists for his perspectives on the economy and labor markets, and he contributes to a number of key proprietary economic publications.
Michael Blackman
1,024K
720K
308K
427K
Government
Professional & Business Services
Financial activities
Leisure & hospitality
Private education & health services
92K
Source: U.S. Bureau of Labor Statistics
47K
