The Jobs Report September 1 2023
By Jeff Altman, The Big Game Hunter
You can read the full report here.
While the federal government and media will trumpet 187000 new jobs created, they may not mention the downward revision of last month’s numbers by 30,000 from the already low numbers.
More important, for those of you on LinkedIn, here’s where jobs are being created:
Health care added 71,000 jobs. Do you work in health care? No? We’re down to 116000 jobs.
Leisure and hospitality continued to trend up in August (+40,000). That was down from the 61000 per month over the previous 12 months. Do you work in leisure and hospitality? No? We’re down to 76000 jobs.
Social assistance increased by 26,000. If you don’t work in this field, we’re down to 50,000 jobs.
Construction employment continued to trend up, +22,000. If you don’t work construction, we’re down to 28000 jobs
Professional and business services were up 19000. That brings us to 9000 rando jobs.
If you work in IT, the count is -15000.
Among the unemployed, the number of job losers and persons who completed temporary jobs increased by 294,000 to 2.9 million in August.
