October 2015 employment: increase in wages, professional service jobs

a release from the Bureau of Labor Statistics, October saw dramatic job gains across many industries, as well as increases in private (non-farm) hourly wages. The Bureau says the unemployment rate remained “unchanged” from September’s rate of 5.1 percent, but the new report shows that the percentage of unemployed must have just edged under the previous rate, as the Department of Labor is calling the unemployment rate 5.0 percent in the most recent release. In addition, 271,000 new jobs in October, which is more than the previous per-month job average of 230,000 new jobs per month over the past year. The most jobs came to the professional and business services industry, with 78,000 new jobs in October. More than half of the jobs (46,000) were in administrative/support services, while computer systems design and architectural & engineering services also saw decent gains (10,000 and 8,000 jobs, respectively). Healthcare, retail trade, and food and drinking places also added good numbers of jobs. Twenty-seven thousand new jobs in ambulatory health care services created the bulk of healthcare’s 45,000 new positions; clothing and accessory store jobs (20,000) made up just under half of retail trade’s 44,000 jobs. Mining lost 5,000 jobs in October, and has seen 109,000 lost jobs since last December. Other sectors such as government, financial, transportation and manufacturing saw little or no change in their employment numbers from September. Finally, October saw hourly earnings increase for private employees. The average hourly rate increased by 9 cents in October, to make the average rate $25.20 per hour.]]>

You May Also Like

Check out these additional posts from Mind Your Business.

Is the National Criminal Database Search Enough?

When conducting a background check, the first step is often searching the National Criminal Database. Also known as the Multi-State or the National Search, this search type pulls information from thousands of databases and jurisdictions. It is often the cheapest option and commonly mistaken as the “all-inclusive” background check. Many companies unknowingly rely on only…
Read More

FYI FRIDAYS: What is Live Scan Fingerprinting?

We were able to announce earlier this month that we would offer live scan digital fingerprinting to our clients. MYB has been conducting name-based background checks for over 24 years. This natural progression will allow us to service more industries and provide an all-inclusive background screening service.  It is important to dive further into the…
Read More

Mind Your Business, Inc. Announces Convenient Fingerprinting Program Solutions

Extensive nationwide live scan fingerprinting services provides streamlined solution for MYB customers  March 1, 2021 Hendersonville, N.C. — Mind Your Business, Inc. (MYB), a worldwide leader in background screening, drug testing, EEO investigations, and administrative services is excited to announce the introduction of extensive fingerprinting services to its repertoire of core capabilities. This new service offering will…
Read More

Quality and Precise Results, On Time!

Let us know about your screening needs to get a custom quote. We work with businesses big and small as well as the government. Which means we have a package of solutions for your organization as well.