J & J Wants To Help Fill Your Healthcare Support Positions

J & J Staffing is always looking for ways to expand our reach in the professional staffing world and ensure our clients keep their businesses running smoothly. One way we are working on that is by expanding our reach, our expertise, and our capabilities within healthcare support positions. 

In recent years, the healthcare industry has been booming, which has created a more significant need for support-related positions. Doctors and nurses are feeling overwhelmed and overworked. By creating support positions, hospitals and other healthcare facilities give their professionals room to breathe while not cutting back on patient care. 

With these expansions, healthcare providers have found themselves scrambling to hire the correct support staff in a timely manner. This is where J & J Staffing feels they can help with the void. We have been a successful, well-respected staffing agency for over 50 years. We know the ins and outs of each industry and strive to ensure the right people find the right jobs.

Why Use Healthcare Support Staff?

When expanding your staffing options to include support positions, it’s important to understand how such roles can help your organization. First and foremost, as we stated before, these positions allow your doctors and nurses to perform their duties without feeling overwhelmed by the more minor responsibilities such as paperwork or facility organization.

One significant way support staffing can help your business is financially. Hiring a support staff creates an efficiency that can ultimately reduce wasted expenses. Suppose your doctors, nurses, and other professionals don’t have to worry about maintaining the appearance and upkeep of your facility. In that case, they can spend more time assisting clients and patients. Overwhelmed staff often equates to mistakes being made that create more of a financial strain than if everyone shares in the workload.

Support staff can also ensure that the correct staff is doing the correct jobs. This increases your efficiency and the quality of your workforce. Knowing that the people performing the support duties are experienced in those positions ensures your staff can trust each other and focus on their assigned job. This means that a system can be implemented where the most work is being performed within the business day, thereby creating an efficiency that can’t be denied.

A Healthcare Staffing Agency Your Best Option

Woman taking a patient's blood

Staffing agencies are here to make your job easier. So, working with one means a larger pool of candidates and a streamlined process.  

Most businesses don’t have a person whose sole job is to seek out potential candidates for open positions. Therefore, the hiring process takes longer, and you aren’t guaranteed to get the best people for the job. 

By working with an agency whose sole purpose is hiring the most qualified individuals for healthcare positions, you guarantee that your staff are people you can rely on. Healthcare staffing agencies will screen each applicant, speak with them extensively about their skills, and determine what position they are best suited for. All in a matter of days, instead of the potential weeks, it would take a healthcare center to complete the process.

And, because the purpose of a staffing agency is getting people the jobs they desire, they have access to more potential candidates than a business would. This further ensures that the candidates being placed in your organization are the perfect fit for your needs. 

Healthcare Support Roles With Us

Healthcare support roles assist and support healthcare professionals, such as doctors, nurses, and therapists. These roles require diverse skills, including communication, interpersonal, and technical. Healthcare support roles encompass a broad range of positions.

J & J Staffing is recruiting for healthcare administrative, clinical, facility, and professional services positions. This means we can assist you with jobs that range from janitorial to reception to x-ray technicians to IT professionals. Only some people who work in the healthcare industry have a position that focuses on medical care, which is why we are the perfect fit to provide staffing coordination.

If you are a provider with some healthcare support positions that need filling, we have many roles we cover. 

Healthcare Administrative Staff

  • Reception
  • Administrative Assistant
  • Customer Service
  • Data Entry
  • Medical Secretary

Healthcare Clinical Staff:

  • Medical Assistant
  • X-Ray Technician
  • Phlebotomist
  • Certified Nursing Assistant

Healthcare Facility Staff:

  • Maintenance
  • Janitorial
  • Logistics
  • Supply Clerk

Healthcare Professional Staff:

  • Human Resource Professionals
  • Information Technology Professionals
  • Sales and Marketing Professionals

These are a few of the possible options you can count on us for. If you don’t see your position on this list, contact our experts, and we can discuss it. 

How Much Scope Does Our Staffing Assistance Cover?

J & J Staffing has been caring for staffing needs for hospitals, rehabilitation facilities, physician groups, and urgent care facilities for a few decades. Our customers have all been impressed with how much our assistance saves them with cost and time. 

We provide temporary staff, temporary-to-hire staff, and direct-hire staff. Whatever your needs are, we can make the process smoother and less time-consuming. Our staffing expertise is put to use when getting your positions filled and beyond that to ensure they have everything you need for them to start work as soon as possible. This includes helping you with criminal background checks, drug screenings, reference checks, and verification of certifications and social security. Because we handle the hiring, you only have to worry about getting them ready to work.

Contact J & J For All Your Healthcare Staffing Needs

J & J prides itself on living by our slogan, “Let’s get to work.” We genuinely believe that time wasted is money wasted. Our experts are here to help you fill positions and get qualified candidates into the jobs they desire. Having this seamless transition between us and you can mean the difference between an efficient healthcare process for the patient and not. 

If you are ready to get the ball rolling or still have some questions about getting started, we can help. Contact us today, and we will get your business back on track.

Staffing Services In Greater Philadelphia

J & J Staffing Resources is a professional staffing agency that connects local businesses to job seekers throughout the Greater Philadelphia area, including Pennsylvania, New Jersey, and Delaware.

We bring over 45 years of expertise in office, industrial, technical, and professional staffing placements as well as payroll management, and offer a wide range of services for both employers and job seekers.

Need help? J & J Staffing has offices in Newark, Bridgeport, Woodbury, Cherry Hill, Ewing, Princeton, Langhorne, and Horsham. Visit your local J & J staffing center or get started below.

Allow J & J Staffing to Coordinate Payroll for Your Staff

Payroll binder, charts, and calculator

2023 will be a big year for J & J Staffing, which includes significant benefits for our clients as well. Many don’t know that we offer the option for their employees to be paid through J & J, and we hope that this year will change all of that. Our staffing services have been the bulk of what we do for many years. Now, we want to expand that service to include handling payroll for those we serve.

Over the years, we have seen how much our staffing services have helped our clients keep their businesses going. This has inspired us to work with them even further to ensure all their needs are being met with the most significant benefits possible. This is why we started offering to help them with payroll for the staff we help hire. Until now, few clients know that we offer this service; therefore, we are making it more well-known.

What exactly do our Payrolling Services entail?

To be honest, it is what it sounds like. With each of our clients, J & J offers to put their staff on our payroll and handle all their income-related needs. Think of it this way your people, J & J’s payroll. Offering this service to our clients allows them to focus on their day-to-day business needs instead of worrying about how their staff gets paid.

This means J & J assumes all legal obligations for employees’ wages, payroll deductions, unemployment insurance, and workers’ compensation. Ultimately, this works out best for you because it saves you time and headache, while we get to live our slogan further, “let’s get to work.”

Who do we offer this service to?

J & J wants to ensure that all our clients can benefit from as many of our services as possible. Therefore, when creating our payrolling options, we made sure to include as much variety as possible. This way, all kinds of positions can benefit, and our clients get the most out of partnering with us.

Ultimately, our services are convenient for seasonal, part-time, and full-time employees. The list of which is extensive and includes: research staff, family members, flex-time workers, freelancers, interns, employees onsite with your customer, brought back laid-off employees, brought back retirees, special projects staff, and students.

It comes down to which of your employees work for an hourly wage and requires the coordination of time cards and pay scales to determine their check each pay period. J & J is here to ensure that the responsibility of keeping everyone’s wages straight isn’t on your shoulders – especially if you are only hiring for a particularly busy season. As a business owner, you don’t have the time to chase after all that paperwork, but we do. 

This doesn’t mean we are like other payroll companies that simply provide a means for you to input data and pay your employees. No, J & J is the payroll. You give us a list of your employees and all their pertinent information, we put them on our payroll, and provide them with their wages.

What are the Benefits of Switching?

First and foremost, it is important to remember that we are here to help make your life easier. Our payrolling services are available so that you can focus your efforts and attention on the tasks that matter most to your business.

No one has the time to keep track of time cards and benefits paperwork, and then calculate each person’s earnings. Not while also running a business. That is why choosing J & J to handle all the cumbersome parts of hiring people is the best option for 2023. You just worry about how they will fit in with your workforce.

We know that for every business decision, you must weigh the potential benefits. Our payrolling services offer up four great ones: easier budgeting, quicker onboarding, legal compliance, and seamless transitions.

Easier Budgeting: Often, when we have part-time, temporary, seasonal, or even hourly full-time employees, gathering the information needed to calculate their paychecks is tedious and time-consuming. With J & J, we handle all of that and send you a weekly invoice. This way, you are only worrying about how we fit into your budget instead of all the other woes of taking on payrolled employees.

Quicker Onboarding: Our process means that employee onboarding is streamlined and quick. There will be less downtime between choosing an individual and them getting started as an employee. We handle all the screening and testing that is required before a person can start work.

Legal Compliance: As stated before, J & J will take full responsibility for everything legal related to the hiring of these employees. You can have peace of mind knowing that everything about our hiring and compensation process is within federal, state, and local laws.

Seamless Transitions: Once you decide to make employees permanent, you can seamlessly transfer them from our system to yours at no cost. This ensures that everything transitions without any awkward limbo period.

Connect with J & J 

Figuring out the ins and outs of what you should do about staffing and how to compensate them can be tedious and stressful. Let us help relieve that strain by taking on the responsibility. Our experts would love to speak with you about all your staffing options. Give us a call today.

Staffing Services In Greater Philadelphia

J & J Staffing Resources is a professional staffing agency that connects local businesses to job seekers throughout the Greater Philadelphia area, including Pennsylvania, New Jersey, and Delaware.

We bring over 45 years of expertise in office, industrial, technical, and professional staffing placements as well as payroll management, and offer a wide range of services for both employers and job seekers.

Need help? J & J Staffing has offices in Newark, Bridgeport, Woodbury, Cherry Hill, Ewing, Princeton, Langhorne, and Horsham. Visit your local J & J staffing center or get started below.

March 2023 Job Report Snapshot

Quick Facts:

  • Total nonfarm payroll employment rose by 236,000 in March.
  • The Federal unemployment rate edged down to 3.5 percent.
  • Employment continued to trend up in leisure and hospitality, government, professional and business services, and health care.
  • Both the unemployment rate, at 3.5 percent, and the number of unemployed persons, at 5.8 million, changed little in March. These measures have shown little movement since early 2022.
  • Among the unemployed, the number of permanent job losers increased by 172,000 to 1.6 million in March, and the number of reentrants to the labor force declined by 182,000 to 1.7 million.
March circles 2023

Looking Forward:

  • Nonfarm payrolls growth in March was about in line with expectations, but showed signs that the jobs picture is in the early stages of a slowdown. Though it was close to what economists had expected, the total was the lowest monthly gain since December 2020 and comes amid efforts from the Federal Reserve to slow labor demand in order to cool inflation.
  •  In separate reports this week, companies reported that layoffs surged in March, up nearly 400% from a year ago, while jobless claims were elevated and private payroll growth also appeared to slow. The Labor Department also had reported that job openings fell below 10 million in February for the first time in nearly two years.
  • The job gains came during a month in which the failure of Silicon Valley Bank and Signature Bank rocked the financial world. Economists expect the banking troubles to have repercussions in coming months.
  • Several Fed officials said this week they remain committed to the inflation fight and see interest rates staying elevated at least in the near term. Market pricing shifted following Friday’s report, with traders now expecting the Fed to implement one last quarter percentage point hike in May. 

Source: U.S. Bureau of Labor Statistics

trends March 2023

February 2023 Job Report Snapshot

Quick Facts:

  • Total nonfarm payroll employment rose by 311,000 in February.
  • The Federal unemployment rate edged up to 3.6 percent.
  • Notable job gains occurred in leisure and hospitality, retail trade, government, and health care. Employment declined in information and in transportation and warehousing.
  • Both the unemployment rate, at 3.6 percent, and the number of unemployed persons, at 5.9 million, edged up in February.
  • Long-term unemployed (those jobless for 27 weeks or more), at 1.1 million, changed little in February and accounted for 17.6 percent of the total unemployed.
February circle stats

Looking Forward:

  • Job creation decelerated in February but was still stronger than expected despite the Federal Reserve’s efforts to slow the economy and bring down inflation.
  • Though the jobs number was stronger than expectations, February’s growth represented a deceleration from an unusually strong January. The year opened with a nonfarm payroll gain of 504,000, a total that was revised down only slightly from the initially reported 517,000. December’s total also was taken down slightly, to 239,000, a decrease of 21,000 from the previous estimate.
  • Leisure and hospitality led employment gains, with an increase of 105,000, about in line with the six-month average of 91,000. Retail saw a gain of 50,000. Government added 46,000, and professional and business services saw an increase of 45,000.
  • The jobs report likely keeps the Fed on track to raise interest rates when it meets again on March 21st. But traders priced in less of a chance that the central bank will accelerate to a 0.5 percentage point increase, dropping the likelihood to 48.4%, or about a coin flip, according to a CME Group estimate. 

Source: U.S. Bureau of Labor Statistics

Unemployment trends January

January 2023 Job Report Snapshot

Quick Facts:

  • Total nonfarm payroll employment increased by 517,000 in January.
  • The federal unemployment rate edged down to 3.4 percent.
  • Job growth was widespread, led by gains in leisure and hospitality, professional and business services, and health care.
  • The employment-population ratio increased by 0.2 percentage points over the month to 60.1 percent and the labor force participation rate was little changed at 62.4 percent.
  • Long-term unemployed (those jobless for 27 weeks or more) was unchanged at 1.1 million. The long-term unemployed accounted for 19.4 percent of the total unemployed in January.
Job circle graphic January 2023

Looking Forward:

  • The American labor market unleashed a burst of hiring in January, producing another wave of robust job growth even as interest rates continue to rise. Underscoring the labor market’s extraordinary vibrancy was the unemployment rate, which fell to 3.4 percent, the lowest since 1969.
  • Even as businesses across the country hired with unexpected zeal, wage growth slowed slightly to 0.3 percent compared with December, an indication that some of the pressure to lure employees with pay raises may be easing.
  • The labor market has remained extraordinarily tight. In addition to the report on Friday, the government released data this week showing that the number of posted jobs per available unemployed worker — a measure that policymakers have been watching closely, rose again in December. And despite a cavalcade of layoffs in the technology sector, the overall number of pink slips has stayed extremely low.
  • The information sector lost 5,000 jobs, a relative blip despite headline-grabbing news of layoffs at technology giants such as Microsoft and Google. Many forecasters expect the labor market to also slow this year as the Fed’s rate moves filter through the economy.

Source: U.S. Bureau of Labor Statistics

Blog trend report January 2023

December 2022 Job Report Snapshot

Quick Facts:

  • Total nonfarm payroll employment increased by 223,000 in December.
  • The unemployment edges down to 3.5 percent.
  • Notable job gains occurred in leisure and hospitality, health care, construction, and social assistance.
  • The employment-population ratio increased by 0.2 percentage points over the month to 60.1 percent and the labor force participation rate was little changed at 62.3 percent.
  • Long-term unemployed (those jobless for 27 + weeks) declined by 146,000 to 1.1 million in December. This measure is down from 2.0 million a year earlier.
December jobs stats

Looking Forward:

  • Hiring slowed modestly in December as employers added 223,000 jobs to close out an otherwise booming year, possibly foreshadowing the deeper pullback and recession that many economists expect in 2023.
  • The softer components of the jobs report were backed up by a surprisingly weak reading from the Institute of Supply Management’s services index, which tumbled to a contractionary reading below 50 for the first time since May 2020.
  • Despite solid hiring, the aggregate number of hours worked economy wide slipped 0.1% in December after a 0.2% drop in November. That reflects a shorter average workweek, which fell to 34.3 hours last month from 34.4 hours in November and 34.5 in October. Temp jobs fell 35,000, the third straight monthly decline, which economists see as a potential leading indicator of broader labor market weakness. Construction jobs rose 28,000 and manufacturing jobs by 8,000. Retailers added 9,000 jobs. Leisure and hospitality sector employment rose by 67,000. Health care and social assistance jobs grew by 74,000.
  • Over the past three months, wage growth has run at a 4.1% annualized pace, noted UBS economist Jonathan Pingle. Wage growth is key to the Fed outlook. Federal Reserve chair Jerome Powell has said wage growth of 3.5% would be consistent with the Fed’s 2% inflation target.

Source: U.S. Bureau of Labor Statistics

November 2022 unemployment trends

November 2022 Job Report Snapshot

Quick Facts:

  • Total nonfarm payroll employment increased by 263,000 in November.
  • The unemployment rate remained the same at 3.7 percent.
  • Notable job gains occurred in leisure and hospitality, health care, and government. Employment declined in retail trade and in transportation and warehousing.
  • Both the labor force participation rate, at 62.1 percent, and the employment-population ratio, at 59.9 percent, were little changed in November.
  • Long-term unemployed (those jobless for 27 + weeks) was little changed at 1.2 million in November. The long-term unemployed accounted for 20.6 percent of unemployed persons.
job stats November 2022

Looking Forward:

  • Job growth was much better than expected in November despite the Federal Reserve’s aggressive efforts to slow the labor market and tackle inflation. Economists surveyed by Dow Jones had been looking for an increase of 200,000 on the payrolls number and 3.7% for the jobless rate.
  • The numbers likely will do little to slow a Fed that has been raising interest rates steadily this year to bring down inflation still running near its highest level in more than 40 years.
  • In another blow to the Fed’s anti-inflation efforts, average hourly earnings jumped 0.6% for the month, double the Dow Jones estimate. Wages were up 5.1% on a year-over-year basis, also well above the 4.6% expectation.
  • Leisure and hospitality led the job gains, adding 88,000 positions. Other sector gainers included health care (45,000), government (42,000) and other services, a category that includes personal and laundry services and which showed a total gain of 24,000. Construction added 20,000 positions, while information was up 19,000 and manufacturing saw a gain of 14,000. On the downside, retail establishments reported a loss of 30,000 positions heading into what is expected to be a busy holiday shopping season. Transportation and warehousing also saw a decline, down 15,000.

Source: U.S. Bureau of Labor Statistics

unemployment trends October 2022

Hybrid Workplace Management: Your Tools For Success

When the pandemic first hit, companies had to scramble to find a work-from-home solution within 24 hours. It’s been a few years since that hectic time, and while during the early days, we prayed for everything to “return to normal,” we have accepted that having a work-from-home business model is the new normal.

But not all companies can go completely remote; some can only make a couple of days a week work.

The magic is finding the sweet spot for your company and the perfect management style to keep things running smoothly, no matter the environment.

As long as you look at the three most important things as you make this transition, you are bound to be a success. You can’t make a significant business change like this without considering the company’s goals, the managers, and the other employees. All of these things will be affected by any decision, which will, in turn, determine your business’s continued success.

So, how do you manage your whole business from the office and home? The answer is simple: having a plan before transitions start happening.

Management

An essential part of creating a thriving hybrid business environment is ensuring your management works in both the office and remotely. Your company can test this over some time before enacting a company-wide hybrid policy.

That is one of the benefits of going hybrid now versus a few years ago. You can take the time to establish what works best for your company structure and who struggles the most from remote work. Not everyone will take to work from home as easily as it is to breathe. If we learned one thing from early 2020, some people are fantastic managers, teachers, and leaders when their audience/team is right in front of them. However, put a computer screen between them, and they struggle to establish a rapport and authority because they can’t visualize what they need to do.

Taking time to establish a remote option in your workplace slowly allows you to sort out which team leads might need extra support when transitioning to a new way of managing. Giving your employees time to get used to the change in structure will ensure you become a successful remote company when you need to be.

Taking time also allows you to work out any technical issues when setting up home offices. This is a crucial part of management because it’s part of each role working at 100% every day of the week – no matter the situation. Having rules and guidelines in place for when a connection issue occurs will help your company save on downtime.

We will get into this a bit more in a minute, but another crucial part of management is meetings, scheduling, and employee support. All of these must be established before making your remote workplace option available companywide.

As a business owner, you dictate how much your manager needs to be in contact with their team throughout the day. By establishing this scheduled structure from the start, you are giving your managers the tools for success even before they have the opportunity to feel overwhelmed. 

These meetings and check-ins can be altered based on workload and capabilities, but they still need to happen at a specific frequency – daily, once a week, every other week, or once a month; you need to make it company policy that they occur. This way, your employees aren’t just out there doing whatever they want without making themselves available for the responsibilities of their position.

Scheduling

Man on a video call

Most importantly, you must determine how your hybrid schedule will be set up—having a plan will make it easier to manage your employees’ expectations. Employees are less likely to abuse the system if they know how many and which days they are allowed outside of the office. 

When planning the schedule, you need to decide your company’s needs, each role’s needs, and how often you can afford your employees to be out of the office. No two companies will have the same hybrid plan because each situation is unique. The most important thing to remember is to find what works best for you.

It would be best if you also considered allowing your employees some schedule flexibility. Whether you decide they can have access to this flexibility from the start or it is a perk for them once they’ve established that they can handle working from either environment. You have to assess what works best for your company overall and the various roles within the company. 

Don’t let scheduling bog you down. When you first start, decide on a schedule and stick to it. Choosing to have a whatever-goes attitude from the start can create tricky problems with staffing that you don’t need. If you realize after a few months of hybrid that your company can afford more at-home days or need less, you can adjust to fit the needs. 

Maintaining Culture

One of the first things to suffer when deciding to go hybrid is the overall business model, which includes your culture. More often than not, when your company was created, it was with the mindset that everyone would be in the office every day and interacting with one another face to face quite regularly. Naturally, when you take your business hybrid, there are going to be some adjustments needed.

Company culture can seem effortless to establish when your workforce is in-person. When you adjust your practices, that culture could take a significant hit if you aren’t careful. While the culture may remain as it has always been for your seasoned employees, whenever you bring on new hires after this change, you need to have a plan to convey that culture to them despite not being in person.

It’s easy for new hires not to understand the values, beliefs, and vibe of the company they work for when their interactions with coworkers and managers are limited. Knowing this will help you set up a successful transition and path forward. 

You don’t need to change your culture’s basic structure; you need to adjust it to fit a more tech-centric environment. If you used to have monthly team-building exercises, you should continue that trend but find new ways for them to be exciting and fun even if members join in virtually. 

Make sure these team-strengthening activities, which are a big part of your culture, remain well-attended and have feedback from everyone involved. This way, your teams still feel like teams despite not meeting in person.

Part of adjusting your company and your culture is changing your communication style. With not as much face time, some employees may need increased communication throughout their days to feel less on an island. Ensure your company policies and best practices include a structure for this change.

Communication ensures everyone is a success no matter where they work. It enhances your culture and provides employees with the support they need to be their best.

Hiring Practices

We're hiring post-it note

Ensuring your culture withstands the move to remote work is extremely important when considering your hiring practices. During the hiring process, you will need to account for a remote employee’s inability to know the office’s culture from experience. This means you must adjust your culture so that new hires understand the company from day one, even if they never step foot in the office or meet their coworkers.

You can make some significant changes to your hiring process because of remote work. One of the major ones is you can adjust compensation to reflect the changes made to your company structure. Depending on how remote you can feasibly make your company, you may be able to extend your pool of candidates from your area to include the whole United States.

In a hybrid world, it might be beneficial for your onboarding process to include time spent in the office. This can ensure your new hires are going to be good fits for the remote aspect of your company. It also gives you a chance to introduce new employees to the executives of the company as well as their direct managers. Making this meet and greet part of their orientation is crucial if you have to do a virtual onboarding. 

You want to ensure your practices help the 90% of employees who will thrive in whatever environment your company gives them and the 10% who may need extra help for whatever reason.

How We Can Help

J & J Staffing has been on a hybrid business model since the start of the pandemic. Our company continues to thrive and adjust to each new challenge. As the area’s premier staffing resource, we know how companies have worked around this new normal. If you need help hiring any new employees for hybrid or just some more tips on what best practices you can use, give us a call.

Staffing Services In Greater Philadelphia

J & J Staffing Resources is a professional staffing agency that connects local businesses to job seekers throughout the Greater Philadelphia area, including Pennsylvania, New Jersey, and Delaware.

We bring over 45 years of expertise in office, industrial, technical, and professional staffing placements as well as payroll management, and offer a wide range of services for both employers and job seekers.

Need help? J & J Staffing has offices in Newark, Bridgeport, Woodbury, Cherry Hill, Ewing, Princeton, Langhorne, and Horsham. Visit your local J & J staffing center or get started below.

October 2022 Job Report Snapshot

Quick Facts:

  • Total nonfarm payroll employment increased by 261,000 in October.
  • The unemployment rate rose to 3.7 percent.
  • Notable job gains occurred in health care, professional and technical services, and manufacturing.
  • The labor force participation rate, at 62.2 percent, and the employment-population ratio, at 60.0 percent, were about unchanged in October.
  • The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.2 million in October.
October jobs stats 2022

Looking Forward:

  • Job growth was stronger than expected in October despite Federal Reserve interest rate increases aimed at slowing what is still a relatively strong labor market. Nonfarm payrolls grew by 261,000 for the month while the unemployment rate moved higher to 3.7%.
  • Healthcare led job gains, adding 53,000 positions, while professional and technical services contributed 43,000, and manufacturing grew by 32,000. Leisure and hospitality also posted solid growth, up 35,000 jobs, though the pace of increases has slowed considerably from the gains posted in 2021. The group, which includes hotel, restaurant and bar jobs along with related sectors, is averaging gains of 78,000 a month this year, compared with 196,000 last year.
  • The new figures come as the Fed is on a campaign to bring down inflation running at an annual rate of 8.2%, according to one government gauge. Earlier this week, the central bank approved its fourth consecutive 0.75 percentage point interest rate increase, taking benchmark borrowing rates to a range of 3.75%-4%.
  • Risks to the economy are growing as the Fed continues to battle high inflation, said economists surveyed by The Wall Street Journal last month. They put the probability of a recession in the next year at 63%, up from 49% in July’s survey.

Source: U.S. Bureau of Labor Statistics

September unemployment trends