Today’s hot topic in the news is our US economy numbers and employment.  Reports have 195K new jobs added to the US economy in the month of June, yet the unemployment number of 7.7% hasn’t budged.   Job growth “continues to look more than strong enough to keep unemployment trending down … and probably more than strong enough to lead to Fed tapering starting in September,” said Jim O’Sullivan, chief U.S. economist at High Frequency Economics.

So, are you worried? We’re not. In our profession, we deal with employment and unemployment for a living. We provide tools, training and resources for businesses and potential employees. The numbers don’t lie, but they don’t exactly tell the truth. For example, the construction industry is starting to boom again. We had a great deal of construction companies calling us to fill a variety of positions. The same within the industrial industry.  The numbers, sadly, don’t account for people who are no longer able to extend their unemployment while other people (once on employment) being placed back to work and then there are new people losing their jobs- which is why (I suspect) the 7.7% figure hasn’t budged. In April, May and June job growth was at its best since 2008- a reason for our society to celebrate!

On average, our economy has added an average 202,000 jobs a month for the past six months, up from 180,000 in the previous six. The hotels, restaurants and entertainment industry added 75,000 jobs last month. Retailers added 37,000. The health care industry added 20,000, construction 13,000. Temporary jobs rose 10,000. We are on our way forward as a country- and this is a very good thing.

If you need help finding a job, or just finding the right employees, don’t hesitate to contact us.  Building Team Solutions can help!