Another sign of a strong U.S. labor market, the Bureau of Labor Statistics reports 315,000 jobs were added in August while unemployment rose slightly to 3.7 percent. One business professor at the George Washington University says these latest numbers confirm it’s a red hot job market with no signs of cooling.
If you would like more context on the matter, please consider Dr. Christopher Kayes, a professor of management at the GW School of Business. He is an expert on leadership, resilience, teams, and workplace well-being.
With over 300,000 new jobs created in August, Kayes says the strong employment situation isn’t slowing any time soon.
“We have employers out there that are just exhausted from recruiting new employees. They’re offering flexible work scheudles. They’re increasing wages and they still can’t fill positions,” Kayes says. “This really remains a job seekers market and I anticipate this is going to continue on into the near future.”
Kayes adds that the August report should be examined with caution, as there are a lot of seasonal workers that are going in and out of the workforce in August.
“We want to take this with a grain of salt but what it continues to show is just this pattern of very strong job openings across the country. What’s of particular interest in this month’s report is that manufacturing jobs are increasing and that’s a very good sign for a strong economy moving forward.”
If you would like to speak with Professor Kayes, please contact GW Media Relations at [email protected] or 202-994-6460.
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[video:https://vimeo.com/745777383 width:560 height:315 align:center lightbox_title:GW Professor Christopher Kayes Analysis on Jobs Report]