From today’s BLS Employment Situation report for July:
1. Temporary help employment increased in July to almost 2.7 million jobs, setting a new all-time record high for temporary and contract workers.
2. The jobless rate for workers with “some college or associate degree” has shown the most significant improvement during the recovery of any of the four educational groups (no high school diploma, high school diploma, some college, and bachelor’s degree and higher), and fell to 6% in July. That’s the lowest jobless rate for that group since December 2008, and is a full percentage point below the 7% rate in January of this year.
3. Employment in the durable goods sector for motor vehicles and parts increased in July to 818,000, the highest employment level in that sector since October 2008. Over the last quarter, employment in the US auto industry has increased by 10.8% at an annual rate.
4. The number of oil and gas extraction workers increased in July to 196,400, which is the highest number of direct energy-related jobs since January 1988, more than 25 years ago.