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Integrated Solutions Lead
San Antonio, TX

Advanced knowledge of programming language(s), software development tools and environment(s) and systems analysis and functional design

College Educated Unemployment at Lowest Rate Since 2008

September 17, 2013
College Educated Unemployment at Lowest Rate Since 2008

Current Labor Indicators 

 

  • Total Unemployment: 7.3%
  • College Educated Unemployment: 3.5%
  • Total Job Loss/Gain: +169,000
  • Temporary Penetration Rate: 1.9%  

 

The Bureau of Labor Statistics employment report this month once again shows slow, but steady gains in the workforce. The unemployment rate edge down to 7.3 percent – a positive turn from the 8.1 percent jobless rate just a year ago at this time. However, the big story comes in the college-educated unemployment rate as it dropped to the lowest rate since November 2008.

 

Additionally, employment increased by 169,000 jobs in August. While employment in the financial sector showed little change, employment and business services continued its upward trend adding 23,000 jobs last month. The healthcare industry also made headlines with 33,000 jobs added.

 

Additionally, the American Staffing Association reported an average of 2.96 million temporary and contract workers per day in the second quarter of 2013 – a figure up 1.8 percent from this time last year. This continued growth in the temporary market once again highlights organization’s needs to quickly secure qualified talent, especially in the areas of technology and finance and accounting. With the holidays less than four months away and year-end projects quickly approaching, employers should also note the competitive advantage flexible staffing can offer to help organizations meet end of year business initiatives to complete these projects on deadline. 

Hardest to fill occupation

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About the author

Michael Blackman

As Chief Corporate Development Officer, Michael Blackman, a twenty year Kforce veteran, is the primary focal point for the Firm with the Wall Street investment and financial communities. He is regularly sought out by leading economists for his perspectives on the economy and labor markets, and contributes to a number of key proprietary economic publications.

 

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Kforce is a professional staffing and solutions firm providing flexible and permanent placement solutions in the skill areas of technology, finance & accounting and healthcare. Kforce operates in more than 60 offices located throughout the United States and one office in the Philippines.
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Knowledge Employed is a career advice blog and job tips resource center, created and managed by Kforce’s staffing specialists. Whether you are a professional needing career advice or a hiring authority seeking business guidance, our goal is to provide you with the knowledge and tools.