The latest February 2025 Jobs Report shows a moderating labor market, with 151,000 jobs added, a sign that hiring is slowing but not stopping. The unemployment rate held steady at 4.1%, reflecting a job market that is cooling compared to the rapid growth of 2023 but still offering opportunities in key industries.
For industries that BGSF specializes in—professional services, property management, and the public sector—opportunities remain strong. Demand continues to grow in finance, real estate, leasing, maintenance, and public sector roles, making now an important time for employers to fine-tune hiring strategies and for job seekers to stay proactive.
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Key Highlights from the February Jobs Report
✅ 151,000 jobs added, reflecting a slowdown in hiring compared to previous months
✅ Unemployment remained stable at 4.1%, with 7.1 million unemployed individuals
✅ The number of people not in the labor force but who want a job rose by 414,000 to 5.9 million, expanding the potential talent pool
✅ Professional & business services and real estate sectors continued to see hiring demand
✅ State and local government jobs remain strong, driven by public services and education
✅ Average hourly earnings rose by 0.3% MoM and 4.0% YoY, signaling continued but moderate wage growth
✅ December and January job revisions were minor, with a net decrease of just 2,000 jobs from previous reports
What This Means for Employers
While overall hiring has slowed, demand remains strong in key sectors, meaning employers still need to stay competitive in attracting top talent.
🔹 Leasing & Rental Services Show Steady Growth – 3,000 jobs were added in February, highlighting continued demand for leasing professionals, property managers, and maintenance technicians. Even as new apartment construction slows, a record 518,000 new rental units are expected to be completed in 2024, increasing the need for talented professionals to lease, manage, and maintain properties. For property management firms, now is the time to strengthen hiring strategies to ensure top talent is in place as occupancy levels rise.
Kelly Brown, President of BGSF’s Property Management Division, explains:"With a record number of apartment units being completed, property management hiring remains strong. We’re seeing continued demand for leasing agents, maintenance technicians, and property managers as communities fill vacancies and maintain properties. Now is the time for employers to secure top talent and for job seekers to find stable, rewarding roles in this growing industry."
🔹 State & Local Government Continue Hiring – 21,000 new jobs were added across education, public services, and administration roles, reinforcing the need for skilled professionals in the public sector. Many government agencies are still facing staffing shortages and need fast, efficient hiring solutions to meet demand.
Through BGSF’s HGACBuy partnership, we help government agencies streamline hiring and connect with pre-vetted talent quickly, ensuring they can fill crucial roles without the delays of traditional procurement processes.
Eric Peters, President of BGSF’s Professional Division, emphasizes the importance of strategic hiring in the public sector:"State and local governments need the right talent to keep essential services running, but hiring can often be a slow, complex process. Through our HGACBuy partnership, we’re able to provide government agencies with immediate access to highly qualified professionals, cutting through red tape and ensuring they can fill critical positions faster."
🔹 Professional Services Hiring Holds Steady – While professional and business services saw a slight decline of 2,000 jobs, the sector remains a key driver of employment. Employers in finance, administration, and consulting should focus on retention strategies, as competition for skilled professionals remains high despite slowing wage growth.
🔹 An Expanding Talent Pool – The number of people who want a job but aren’t in the labor force increased by 414,000 to 5.9 million. This represents a potential untapped workforce for employers who are willing to offer flexible schedules, career development programs, and targeted outreach to bring these workers back into the job market.
🔹 Wage Growth is Moderating – Average hourly earnings rose by 0.3% in February and 4.0% YoY, marking a slower pace of wage increases. This could help ease cost pressures for employers, but it also means companies must focus on total compensation packages—like benefits, flexibility, and career development—to attract and retain top employees.
By taking a strategic approach to hiring, employers can stay ahead of the competition and secure the right talent to drive business success in 2025.
What This Means for Job Seekers
Opportunities still exist in key industries, but with hiring slowing and more people looking for jobs, competition may be increasing.
BGSF Advice for Job Seekers:
✅ Move quickly – Jobs in high-demand sectors are still available but could fill faster.
✅ Focus on industries with continued demand – Leasing, property management, and public sector jobs remain strong hiring areas.
✅ Be flexible in your job search – With more candidates entering the job market, consider expanding your search to industries that are hiring.
✅ Look beyond salary – With wage growth slowing, consider the full compensation package, including benefits, career growth opportunities, and flexibility.
February’s report confirms that hiring is slowing, but key industries—like property management, leasing & rental services, and government—are still expanding. Employers should refine their hiring strategies to attract talent, while job seekers should act quickly to secure opportunities.
At BGSF, we’re here to help both businesses and job seekers navigate these shifts. Whether you’re looking to hire top talent or land your next role, we’ve got the expertise to guide you. Let’s connect and make 2025 a year of opportunity! Contact BGSF today!
About BGSF
BGSF is a leading workforce solutions provider that connects employers with top talent across industries such as property management, professional services, IT, and managed solutions. With a commitment to building strong partnerships, BGSF delivers innovative staffing strategies that empower businesses and job seekers alike.
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