National Jobs Report
This month’s unemployment rate was 5.2 percent, compared with 5.4 percent in the previous months. A growing concern has been around bringing back jobs quickly enough to meet consumer demand and fill widespread vacancies among employers. While employers are eager to fill these jobs, it seems that workers are taking their time. They are reevaluating their job priorities and what is the best fit for them. Another stronger-than-expected jobs report could signal the economy has garnered enough momentum to further progress without the help of a highly accommodative monetary policy tilt.
*The following chart displays the latest local job growth by sector compared to the previous month. Note that if a sector experienced losses or flat growth, it will not be displayed as part of the graphic.
BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.
The BLS defines a sector as a subset of the domestic economy and excludes the economic activities of the following: general government, private households, and nonprofit organizations serving individuals. A sector consists of multiple industries.
The BLS defines an industry as a group of establishments that produce similar products or provide similar services. Multiple industries makeup sectors.