What is the average job growth

We will not get back [to pre-pandemic levels] anytime soon until we have more certainty about the public health situation. Andrew Hunter, co-founder of London-based job search engine Adzuna, pointed out that although job gains came in below expectations, job openings have been reported at record highs since May. Bunker said that transportation and warehousing employment is now above pre-pandemic levels and the sector has been resistant to the economic fallout of the health crisis.

On the other hand, hiring in leisure and hospitality came to a standstill in August with precisely zero jobs added, said Daniel Zhao, Glassdoor senior economist. That's after employment in the sector had been the primary driver of overall gains during the recovery, increasing by an average of , new jobs per month over the prior six months.

Jobs in leisure and hospitality are down 10 percent from pre-pandemic levels and the unemployment rate for the industry ticked up to 9. Retail jobs declined by 29, in August, mostly due to losses in food and beverage stores 23, jobs lost , as reopening has slowed, and consumer demand declined. The number of people classified as unemployed fell to 8. An alternative measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons fell to 8.

The labor force participation rate was unchanged at The number of long-term unemployed those jobless for 27 weeks or more decreased by , in August to 3. Another telling data point: In August, 5. That's up 4. Much of the acceleration in wages comes from the earnings of blue-collar and manual services industries such as leisure and hospitality and transportation.

The share of workers working remotely at some point over the last four weeks rose slightly to Pollak noted that even though COVID cases surged more than four-fold between July and August, the labor market recovery continued, albeit at a slower pace. She and others are guardedly optimistic that labor market activity will continue to improve this year.

Hunter added that the employment situation could balance out in Q4. Kevin Harrington, the CEO of job search site Joblist, pointed out that "late summer is not traditionally the highest season for job growth, as vacations and warmer weather sometimes encourage job seekers and employers alike to push off their plans until after Labor Day.

We can only hope that this pent-up activity, combined with a subsiding delta wave, contributes to an even bigger hiring surge this fall to make up for lagging results in August. You may be trying to access this site from a secured browser on the server.

Private payrolls grew by a , while govt employment fell by 73, in October. The losses in the public sector were primarily in state and local education jobs due in part to seasonal adjustment factors pulling down what were otherwise mild gains. With these welcome gains on top of significant improvements early in the summer, the recovery appears to getting back on track. That said, significant job shortfalls remain, especially in leisure and hospitality as well as both private and public sector education employment.

The unemployment rate continued to fall hitting 4. Unfortunately, this improvement was not widely shared. Particularly of note was no improvement in the already high Black unemployment rate, holding steady at 7.

Worth noting: slower job growth in the delta-period has been accompanied by slower wage growth in most industries. For sustained strong job growth for working people, we need organizing and policy changes like the PRO Act, minimum wage increases, etc.

And 4. Counting those folks and others who are misclassified, the unemployment rate would be 7. Notes: Payroll employment growth averaged , in the 12 months leading up to the pandemic recession. Population-adjusted employment growth applies population growth in the latest month since February to payroll employment and interpolates in the intervening years.

Note : The number of officially unemployed includes the 5. The number of unemployed but misclassified includes the 2. When considering a certain job, there are many things—such as compatibility, qualifications, the industry, the responsibilities—to take into account. Another decisive factor in career research is the job outlook. If you find that a job suits you, but the employment rate is expected to decrease in the following years, it might be time to consider other options.

Another way to understand your career outlook in any industry is to know what skills and qualifications you bring to the table. While you may have a solid education, you will also want to make sure that you have a set of transferable skills that will further your career in the right direction. Remember, there are many high paying associate degree jobs with a good outlook too which you can land with the right skills.

It can be demoralizing to find out that the career you want has a poor job outlook. Although economists are good at predicting it, the growth of a particular career can increase and decrease unexpectedly due to a variety of factors. Additionally, you can opt for slightly changing the course of your career. Here are some ways to achieve that. Getting a certificate can help you master the skills needed for a specific job. Certificates are oftentimes focused on equipping you with knowledge and skills to make you more employable.

In addition, they usually last up to two years, so you would get back in the job market quickly. You can choose to follow two of the certificate programs, graduate and undergraduate , both of which are short-term programs with a focus on the technical area of a subject.