November’s labor market showcased its resilience, adding 227,000 jobs, rebounding from October’s subdued growth of 36,000. While the unemployment rate ticked up slightly to 4.2%, job creation surpassed expectations, signaling robust economic activity.
Let’s break down what this means for employers and job seekers.
Job Growth Bounces Back
After a near-standstill in October due to hurricanes and the Boeing strike, November saw job gains across multiple industries:
Health Care: +54,000 jobs, continuing its consistent upward trend.
Leisure and Hospitality: +53,000 jobs, fueled by holiday demand.
Government: +33,000 jobs, driven by increased hiring at the state and local levels.
Transportation Equipment Manufacturing: +32,000 jobs, reflecting the return of striking workers.
Revisions to October and September: Job growth was revised upward by a combined 56,000 jobs, with September increasing to 255,000 (from 223,000) and October rising to 36,000 (from 12,000). These adjustments reflect the resolution of strikes and recovery from hurricane disruptions.
Eric Peters, President of BGSF’s Professional Division, shared his perspective:"November’s numbers reflect more than a recovery from temporary disruptions—they underscore the sustained demand for professional talent, especially in services where expertise and adaptability are critical. Employers are making strategic hires to bolster their teams for the months ahead."
Wages and Participation Trends
Wage Growth: Average hourly earnings increased by 0.4% month-over-month and 4% year-over-year, both slightly above expectations. This uptick reflects continued competition for talent.
Labor Force Participation: The participation rate dipped to 62.5%, down slightly from October’s 62.6%, indicating a marginal contraction in the active workforce.
Kelly Brown, President of BGSF’s Property Management Division, highlighted trends in real estate and construction: "We’re beginning to see slight increases in demand in rental and leasing sectors as demand for housing remains high. Construction job stability is a positive sign that infrastructure and development projects are continuing at a healthy pace. These are encouraging trends for property management and related industries."
What This Means for Employers
The competitive labor market is still creating opportunities—and challenges—for businesses. Employers in professional services should prioritize attracting and retaining top talent through competitive pay, benefits, and upskilling opportunities. Eric Peters added, "The professional services sector is benefiting from a blend of strong hiring and strategic workforce planning. This is an ideal time for employers to align their hiring efforts with long-term business goals."
What This Means for Job Seekers
For those searching for a new role, sectors like health care, hospitality, and government are ripe with opportunity. Professionals should focus on sharpening skills that align with industry needs, particularly in areas like project management, IT, and customer service. Kelly Brown commented, "For job seekers, opportunities abound in rental and property management roles. If you have skills in leasing, maintenance, or administration, now is a great time to find the right fit."
Stay connected with BGSF for the latest insights and strategies as we continue to navigate a changing employment landscape.
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BGSF is a top provider of staffing and workforce solutions for professional and property management, dedicated to delivering quality, innovation, and customer satisfaction. Our services cater to a variety of client needs, supported by a team of skilled and committed professionals who are enthusiastic about assisting clients in achieving success. If you are seeking a partner for professional or managed services to help you reach your business objectives, please reach out to BGSF today.
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