Home » April 2022 US Jobs Report – Staffing Industry Analysts

April 2022 US Jobs Report – Staffing Industry Analysts

by Arifa Rana

SIA is the Global Advisor on Staffing and Workforce Solutions
Our monthly jobs report and associated tools are convenient ways for our members to stay on top of US labor market trends.
Event: In today’s monthly jobs report from the US Bureau of Labor Statistics (BLS), total nonfarm employment rose by 428,000 in April on a seasonally adjusted basis; temporary help services gained 2,400 jobs. The temporary agency penetration stood at 2.07%, just below the new all-time high of 2.08%. The national unemployment rate remained at 3.6%.
The number of unemployed who described themselves as “on temporary layoff,” standing at 853,000 in April, was stable when compared to March 2022, and close to its February 2020 level of 750,000. The number of unemployed who described themselves as “permanent job losers” was stable 1.4 million in April. This is only slightly above its February 2020 level of 1.3 million.
All major industry groups gained jobs for the month. The group with the largest gain was Leisure and hospitality which added 78,000 jobs; followed by Manufacturing (55,000 jobs), and Transportation and warehousing (52,000 jobs). Compared to pre-pandemic levels, employment in Transportation and warehousing was up 11.6%, or 674,000 jobs, above its February 2020 level, while employment in Manufacturing was just -0.4% (or 56,000 jobs) below its February 2020 level.
BLS Revisions: The change in total nonfarm payroll employment for February was revised down by 36,000, from +750,000 to +714,000, and the change for March was revised down by 3,000, from +431,000 to +428,000. With these revisions, employment in February and March combined is 39,000 lower than previously reported.
The change in temporary help services employment for February was revised down from a gain of 43,000 jobs to a gain of 28,200 jobs, while the gain of 4,900 jobs for March was revised down to 1,300 jobs. With these revisions, temporary help services employment in March was 18,400 jobs lower than previously reported.
SIA Perspective: The addition of 428,000 jobs in April was slightly better than the 380,000 prediction from a Bloomberg survey of economists. Monthly job gains continue to strongly outpace long-term historical medians, reflecting continued recovery from the effect of the COVID pandemic; but as would be expected, the magnitude of these gains is decelerating as employment returns to pre-COVID levels. Employment in seven sectors — construction, financial activities, information, professional services, retail, temporary help, and transportation & warehousing — now already exceeds 2020 job totals.
Although temporary help only edged up in April, it’s notable that it is poised to exceed its previous high watermark in terms of total employment penetration. Inasmuch as quit rates and job opening rates remain at historically high levels, the demand for outsourced recruiting may be expected to remain strong, and temporary help’s share of the broader employment market to gain new ground.
Members may download this month’s jobs report or access our new interactive tool (beta) below:
Monthly Employment Situation May 2022
US Employment Situation (interactive tool)
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