Job Market Update U.S. Economic Data

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Job Market Update U.S. Economic Data Reflective of the Bureau of Labor Statistics “The Employment Situation – October 2015” As of November 2015

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Overview of “The Employment Situation” The October report showed an overall monthly gain of 271,000 jobs – a whopping 40,000 more jobs than the 12-month average of 230,000 per month. The unemployment rate dropped slightly to 5.0% Revisions to prior months: The August number was revised from +136,000 to +153,000 The September number was revised from +142,000 to +137,000 That’s a total of 12,000 more jobs than was previously reported 2

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271,000 new jobs added in October 3 * Numbers are seasonally adjusted. Source: BLS

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Employment in October Number of unemployed persons is down by 1.1 million, year-over-year Unemployment dropped to 5.0%, the lowest since April, 2008. The number of long-term unemployed was little changed at 2.1 million. The number of involuntary part-time workers decreased by 269,000 in October. Discouraged workers in October increased by 11,000 Average hourly payrolls increased by 9 cents, to $25.20 4 JOBS GAINED IN OCTOBER UNEMPLOYMENT RATE 271,000 5.0%

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Industry Breakdown Professional & Business Services Increase of 78,000 jobs Administrative and support services increased by 46,000 jobs Computer systems design and related services added 9,900 jobs Architectural and engineering services added 8,300 jobs Total Americans employed in this sector during September: 19.93 million Manufacturing No net change in October, following a loss of 9,000 in September Modest job gains seen in furniture and related products (+2,600) and nonmetallic mineral products (+1,800) Leisure & Hospitality Increase of 41,000 jobs in October Food services and drinking places added 42,000 jobs Healthcare Added 44,900 jobs during October Hospitals subsector added 17,800 jobs Ambulatory health care services increased the most at 26,900 jobs Year-over-year the healthcare industry has added nearly half a million jobs 5 Source: BLS

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Industry Breakdown Temporary Help Services Added 24,500 new jobs in October Year-over-year there are an additional 116,200 jobs in this sector The boost is a result of companies hiring seasonal workers for the holidays Retail Trade Added 43,800 jobs in the month of October Clothing and accessories stores added 19,500 jobs General merchandise stores added 11,100 jobs Motor vehicle and parts dealers added 6,900 jobs Construction Added 31,000 jobs in October Specialty trade contractors added 24,700 jobs The overwhelming majority of job gains was in nonresidential specialty trade contractors 6.4 million people were employed in this sector in October Other Services Membership associations and organizations lost 4,600 jobs Repair and maintenance added 8,900 jobs 6

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Employment in total nonfarm 7 * Numbers are seasonally adjusted in thousands. Source: BLS, Current Employment Statistics Survey, September 2015

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State & Regional Report – September 2015 State and Regional unemployment rates were little changed in September. 37 states reported an increase in employment from the prior month, plus the District of Columbia, while six states reported decreases and seven states reported no change. Over the year, 46 states and the District of Columbia have reported increases The Midwest had the lowest regional unemployment rate at 4.5% (falling from 4.6%), and the West had the highest unemployment rate at 5.6% (falling from 5.7%). Texas (+26,600), New York (+12,000) and Georgia (+9,100) reported the most significant over-the-month employment increases in September. Missouri (-16,500), Pennsylvania (-16,400) and Michigan (-9,800) had the greatest decrease in employment in September. 8 State and regional employment data from previous month. Source: BLS

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Northeast Division – September 2015 The unemployment rate in the Mid-Atlantic region showed an unemployment rate of 5.2%. New Jersey had the highest unemployment in this region at 5.6%, while New York had the lowest at 5.1%. The New England region stayed constant at 4.6%. Rhode Island had the highest unemployment in this region at 5.4%, while New Hampshire had the lowest at 3.4%. States: Connecticut Maine Massachusetts New Hampshire New Jersey New York Pennsylvania Rhode Island Vermont 9 State and regional employment data from previous month. Source: BLS

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South Division – September 2015 Unemployment remained at 5.1%. The highs/lows for each of the division’s regions are: West South Central: Texas (4.2%) / Louisiana (6.0%) East South Central: Tennessee (5.7%) / Mississippi (6.1%) South Atlantic: Virginia (4.3%) / West Virginia (7.3% – the highest unemployment rate in the nation) States: Alabama Arkansas Delaware District of Columbia Florida Georgia Kentucky Louisiana Maryland Mississippi North Carolina Oklahoma South Carolina Tennessee Texas Virginia West Virginia 10 State and regional employment data from previous month. Source: BLS

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Midwest Division – September 2015 The Midwest division reported the lowest average unemployment rate of 4.5%, a drop of 0.1% from August. The highs/lows for each region in this division are: West North Central: Missouri (5.3%) / North Dakota (2.8%) East North Central: Michigan (5.0%) / Wisconsin (4.3%) Bismarck, N.D., had the lowest unemployment rate in the nation at 2.0% States: Illinois Indiana Iowa Kansas Michigan Minnesota Missouri Nebraska North Dakota Ohio South Dakota Wisconsin 11 State and regional employment data from previous month. Source: BLS

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West Division – September 2015 The West continued to have the highest unemployment rate in the country at 5.6%. The highs/lows in each of this division's regions are: Pacific: Washington (5.2%) / Alaska (6.4%) Mountain: Utah (3.6%) / New Mexico (6.8%) Los Angeles-Long Beach-Glendale's unemployment rate dropped significantly month-over-month from 7.2 to 6.9% and improved by 1.2 percent from one year ago. States: Alaska Arizona California Colorado Hawaii Idaho Montana Nevada New Mexico Oregon Utah Washington Wyoming 12 State and regional employment data from previous month. Source: BLS