Hiring Season Begins with Tech Sector Recruiting Strong, Overall Jobs Numbers Waffling
August hiring was fast and furious, perhaps a prelude to the anticipated strong tech hiring season of Q4 to come. Hot industries included Gamification, e-Learning, Enterprise Systems & Network Management, Mobile Financial, and Cloud sectors. The hottest roles included Customer Success Engineer, Regional Director of Managed Services, Implementation Manager, Director of Systems Engineering, Senior Sales Executive, Senior Web Developer & Growth Hacker, and a huge jump in Customer Advocate Representative hiring.
The overall unemployment rate down a tenth of a percent to 7.3%, but slow growth in jobs and significant backward revision to the previous jobs totals. August saw only 169,000 jobs added while July’s revised increase came to only 104,000 (corrected downwards by 58,000!) and June’s revision came to 172,000 (down by 16,000).
Job growth was seen in sectors such as retail trade (up 44,000), health care (up 33,000), professional & business services (up 23,000), and food services & drinking places (up 21,000). There was growth in goods-producing jobs like manufacturing (up 14,000), and mining (up 3,000), construction was flat. Government jobs increased by 17,000. Decreases in the unemployment rate are likely the result of a decreased participation in the labor market.