{"id":31497,"date":"2018-04-07T11:06:25","date_gmt":"2018-04-07T18:06:25","guid":{"rendered":"https:\/\/www.careersingovernment.com\/tools\/?p=31497"},"modified":"2018-05-19T11:44:40","modified_gmt":"2018-05-19T18:44:40","slug":"us-job-market-is-making-history","status":"publish","type":"post","link":"https:\/\/www.careersingovernment.com\/tools\/public-sector-news\/us-job-market-is-making-history\/","title":{"rendered":"US Job Market Is Making History"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; _builder_version=&#8221;3.0.103&#8243; background_image=&#8221;https:\/\/www.careersingovernment.com\/tools\/wp-content\/uploads\/2018\/04\/america.png&#8221; custom_padding=&#8221;84px|0px|140px|0px&#8221;][et_pb_row admin_label=&#8221;row&#8221; _builder_version=&#8221;3.0.47&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;3.0.47&#8243; parallax=&#8221;off&#8221; parallax_method=&#8221;on&#8221;][\/et_pb_column][et_pb_column type=&#8221;2_3&#8243; _builder_version=&#8221;3.0.47&#8243; parallax=&#8221;off&#8221; parallax_method=&#8221;on&#8221;][et_pb_text _builder_version=&#8221;3.0.103&#8243; text_font=&#8221;PT Sans||||&#8221; text_text_color=&#8221;#ffffff&#8221; text_font_size=&#8221;72&#8243; text_font_size_tablet=&#8221;52&#8243; text_font_size_last_edited=&#8221;on|tablet&#8221; text_line_height=&#8221;1.1em&#8221; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; max_width=&#8221;620px&#8221; custom_margin=&#8221;0px||0px|&#8221;]U.S. Job Market is Making History<br \/>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.0.47&#8243; custom_padding=&#8221;0px|0px|24.625px|0px&#8221;][et_pb_row use_custom_width=&#8221;on&#8221; custom_width_px=&#8221;1200px&#8221; custom_padding=&#8221;20px||0px|&#8221; custom_padding_tablet=&#8221;0px|||&#8221; column_padding_mobile=&#8221;on&#8221; custom_padding_last_edited=&#8221;on|tablet&#8221; parallax_method_1=&#8221;off&#8221; parallax_method_2=&#8221;off&#8221; admin_label=&#8221;row&#8221; _builder_version=&#8221;3.0.47&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;3.0.47&#8243; column_padding_mobile=&#8221;on&#8221; parallax=&#8221;off&#8221; parallax_method=&#8221;off&#8221;][et_pb_image src=&#8221;https:\/\/www.careersingovernment.com\/tools\/wp-content\/uploads\/2018\/05\/amy-1.jpg&#8221; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; disabled_on=&#8221;on|on|&#8221; _builder_version=&#8221;3.2&#8243; animation=&#8221;off&#8221; sticky=&#8221;on&#8221;][\/et_pb_image][et_pb_text disabled_on=&#8221;on|on|&#8221; _builder_version=&#8221;3.2&#8243; text_font=&#8221;PT Sans|on|||&#8221; text_text_color=&#8221;#02b875&#8243; text_font_size=&#8221;20&#8243; text_line_height=&#8221;1.2em&#8221; header_text_color=&#8221;#000000&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; text_orientation=&#8221;center&#8221; max_width=&#8221;140px&#8221; module_alignment=&#8221;center&#8221; custom_margin=&#8221;20px||0px|&#8221;]<\/p>\n<p><a href=\"https:\/\/www.careersingovernment.com\/tools\/author\/amyw\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #000000;\">AMY WILKS<\/span><\/a><\/p>\n<p>[\/et_pb_text][et_pb_text disabled_on=&#8221;on|on|&#8221; _builder_version=&#8221;3.2&#8243; text_font=&#8221;PT Serif||on||&#8221; text_text_color=&#8221;#363636&#8243; text_font_size=&#8221;16&#8243; text_line_height=&#8221;1.4em&#8221; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; text_orientation=&#8221;center&#8221; max_width=&#8221;140px&#8221; module_alignment=&#8221;center&#8221; custom_margin=&#8221;10px||60px|&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">Amy Wilks is an editor, content manager, and professional writer who creates and manages online content for small businesses across the nation. When she is not attached to her computer she can be found in front of an easel, adding chapters to her new book, or spending quality time with her husband and seven children. She takes pride in providing encouragement, support <g class=\"gr_ gr_11 gr-alert gr_gramm gr_inline_cards gr_run_anim Punctuation only-ins replaceWithoutSep\" id=\"11\" data-gr-id=\"11\">and<\/g> inspiration to the people in her community and has dedicated her life to making a difference in the lives of others.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;2_3&#8243; _builder_version=&#8221;3.0.47&#8243; column_padding_mobile=&#8221;on&#8221; parallax=&#8221;off&#8221; parallax_method=&#8221;off&#8221;][et_pb_text _builder_version=&#8221;3.0.103&#8243; text_font=&#8221;PT Serif||||&#8221; text_text_color=&#8221;#363636&#8243; text_font_size=&#8221;24&#8243; text_font_size_last_edited=&#8221;on|tablet&#8221; text_line_height=&#8221;1.5em&#8221; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; max_width=&#8221;720px&#8221; custom_margin=&#8221;0px||0px|&#8221; inline_fonts=&#8221;PT Serif&#8221;]<span style=\"font-weight: 400;\">Despite a volatile week for the United States economy, the US job market continues to make history with a record-breaking 90 consecutive months of job expansion- the longest streak since the Department of Labor started tracking jobs way back in the 1930\u2019s.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Amidst fears that a trade war between the two largest economies in the world could disrupt global expansion, and alongside tumbling stocks and wobbling financial markets, the American economy showed resilience adding another 103,000 jobs in March.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">America Is On A Winning Streak <\/span><\/h4>\n<p><span style=\"font-weight: 400;\">America\u2019s job market winning streak began in October 2010 when transformations were abundant. Back when the San Francisco Giants won their first World Series since 1954, the United States won the most medals at the Winter Olympics, BP spilled about 260 million gallons of crude oil all over the Gulf of Mexico, and a potentially catastrophic terrorist attack was barely averted- saving Times Square. America has come a long way since then, and our economy is as strong as ever.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The unemployment rate in the United States remains a low 4.1 percent for the sixth straight month- a rock-bottom rate that hasn\u2019t been seen since 2000. In 2010, the unemployment rate was a horrifying 9.4%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Employers in America have added an average of over 200,000 jobs per month so far this year, with February accounting for about 313,000 positions and March bringing in more than 100,000. But that\u2019s small beans when considering the overall expansion of jobs since 2010. Since then, the Labor Department reports that a whopping 17.8 million jobs have been added to the economy. This includes:<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">4 million jobs in professional and business services.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">2.5 million restaurant and bar jobs.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">2.1 million health care jobs.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">1.7 million construction jobs.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">1.1 million manufacturing jobs.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Although the pace is slow, wages in the US continue to grow. According to the <\/span><a href=\"https:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Bureau of Labor Statistics<\/span><\/a><span style=\"font-weight: 400;\">, earnings are on the rise. Up about 8 cents an hour on average, wages have jumped about 2.7% in the last year. The rise is slower than expected given the historically low unemployment rate and a massive number of available jobs, but some experts assert that change is on the horizon. Economists are anticipating that wages will finally begin reflecting more meaningful growth later this year as jobs continue to expand at a quick pace.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although critics are quick to argue that the majority of job expansion has been in fields like waiting tables and bartending and growth has not been as strong for higher-paying jobs like those in construction and manufacturing, Trump&#8217;s plans for the renovation of America\u2019s infrastructure should have a big impact in job growth in those fields. And since American factories added about 22,000 jobs in March, and the manufacturing sector has posted solid gains throughout the past year, the future looks bright. <\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Wage Growth Is Starting To Heat Up<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Although employers in the United States seem resistant to improvements in wages and benefits across all sectors, change for the better is almost inevitable. As employers begin struggling to fill millions of jobs across the nation, workers whose careers have become stale, those who had previously given up searching for work, and the long-term unemployed are brushing the dust off of their resumes and freshening up their interview suits. With so many opportunities within reach, however, employers need to polish their offerings in order to shine brighter than the competition, draw America\u2019s best and brightest to their doors, and retain the workers they\u2019ve let glide into the shadows.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the proportion of workers in their prime years- defined as those between the ages of 25 and 54- who are either looking for work or already employed has reached a higher level than it has in years, just 1.3 million are considered long-term unemployed, and the number of available workers in the US continues to decline sharply.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With fewer workers on the sidelines, an increasing number of Americans are cashing in on employers\u2019 need for qualified candidates. Last month, the proportion of unemployed people who had quit their jobs last month reached a whopping 13%. This is clear indication that a growing number of workers are confident that they will be able to obtain attractive replacement careers rather quickly. As a result, employers are forced to raise wages, offer more enticing benefits packages, and up their ante to attract workers and retain those they have.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Chief US Economist for JP Morgan Michael Feroli, wages have increased by about 3.2% so far this year- the largest increase since the Great Recession. Even low-paying jobs with few or no benefits are on track, with many of them increasing wages, adding 401k\u2019s and other investment packages, providing better health insurance, and even contributing to employee education costs. <\/span><br \/>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.0.47&#8243; background_color=&#8221;#f7f7f4&#8243; custom_padding=&#8221;0px||0px|&#8221;][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.0.47&#8243; custom_padding=&#8221;0px||0px|&#8221;][et_pb_row use_custom_width=&#8221;on&#8221; custom_width_px=&#8221;1200px&#8221; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;4&#8243; custom_padding=&#8221;0px||0px|&#8221; custom_padding_tablet=&#8221;0px|||&#8221; column_padding_mobile=&#8221;on&#8221; custom_padding_last_edited=&#8221;on|tablet&#8221; parallax_method_1=&#8221;off&#8221; parallax_method_2=&#8221;off&#8221; parallax_method_3=&#8221;off&#8221; parallax_method_4=&#8221;off&#8221; admin_label=&#8221;row&#8221; _builder_version=&#8221;3.0.47&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.0.47&#8243; column_padding_mobile=&#8221;on&#8221; parallax=&#8221;off&#8221; parallax_method=&#8221;off&#8221;][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.0.47&#8243;][et_pb_row use_custom_width=&#8221;on&#8221; custom_width_px=&#8221;780px&#8221; custom_padding=&#8221;0px|0px|73.90625px|0px&#8221; column_padding_mobile=&#8221;on&#8221; parallax_method_1=&#8221;off&#8221; _builder_version=&#8221;3.0.47&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.0.47&#8243; column_padding_mobile=&#8221;on&#8221; parallax=&#8221;off&#8221; parallax_method=&#8221;off&#8221;][et_pb_text _builder_version=&#8221;3.0.47&#8243; text_font=&#8221;PT Serif||||&#8221; text_text_color=&#8221;#363636&#8243; text_font_size=&#8221;36&#8243; text_font_size_tablet=&#8221;26&#8243; text_font_size_last_edited=&#8221;on|tablet&#8221; text_line_height=&#8221;1.4em&#8221; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; text_orientation=&#8221;center&#8221; module_alignment=&#8221;center&#8221; custom_margin=&#8221;||70px|&#8221;] Want new articles before they get published? 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Career specialists [\/et_pb_cta][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;3.0.47&#8243; column_padding_mobile=&#8221;on&#8221; parallax=&#8221;off&#8221; parallax_method=&#8221;off&#8221;][et_pb_image src=&#8221;https:\/\/www.careersingovernment.com\/tools\/wp-content\/uploads\/2016\/11\/news-cig.jpg&#8221; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; force_fullwidth=&#8221;on&#8221; _builder_version=&#8221;3.0.47&#8243; animation_style=&#8221;slide&#8221; animation_direction=&#8221;left&#8221; animation_duration=&#8221;500ms&#8221; animation_intensity_slide=&#8221;10%&#8221; sticky=&#8221;on&#8221;][\/et_pb_image][et_pb_cta title=&#8221;GOV TALK&#8221; button_url=&#8221;https:\/\/www.careersingovernment.com\/tools\/gov-talk-page\/&#8221; button_text=&#8221;Government Updates&#8221; _builder_version=&#8221;3.0.47&#8243; header_font_size=&#8221;30px&#8221; body_font_size=&#8221;20px&#8221; use_background_color=&#8221;off&#8221; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;] Articles about the Public Sector [\/et_pb_cta][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;3.0.47&#8243; column_padding_mobile=&#8221;on&#8221; parallax=&#8221;off&#8221; parallax_method=&#8221;off&#8221;][et_pb_image src=&#8221;https:\/\/www.careersingovernment.com\/tools\/wp-content\/uploads\/2016\/11\/public-secot-trends.jpg&#8221; show_bottom_space=&#8221;off&#8221; align=&#8221;center&#8221; force_fullwidth=&#8221;on&#8221; _builder_version=&#8221;3.0.47&#8243; animation=&#8221;off&#8221; sticky=&#8221;on&#8221;][\/et_pb_image][et_pb_cta title=&#8221;TRENDS&#8221; button_url=&#8221;https:\/\/www.careersingovernment.com\/tools\/hr-tips-and-strategies\/&#8221; button_text=&#8221;TRENDS&#8221; _builder_version=&#8221;3.0.47&#8243; header_font_size=&#8221;30px&#8221; body_font_size=&#8221;20px&#8221; use_background_color=&#8221;off&#8221; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;] Public Sector Trends [\/et_pb_cta][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite a volatile week for the United States economy, the US job market continues to make history with a record-breaking 90 consecutive months of job expansion- the longest streak since the Department of Labor started tracking jobs way back in the 1930\u2019s. 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