Archive for September, 2017

Were some Jacksonville jobs cut?

Saturday, September 9th, 2017

A recent report from Challenger, Gray & Christmas discusses job cuts across the country, where Jacksonville jobs may have been reduced.

U.S.-based employers announced plans to cut payrolls by 33,825 in August, a 19.4 percent increase from the 28,307 recorded cuts announced in July.

The August job-cut total is 5 percent higher than the same month last year, when 32,188 cuts were recorded. This month’s total marks the first increase in job cuts in the past five months of this year. Job cuts have declined each month of this year following the announcement of 43,310 payroll cuts in March.
So far this year, employers announced 289,132 planned job cuts, down 26.1 percent from the 391,288 cuts announced through the first eight months of 2016.

“Although job cuts have risen this month, they continue to be significantly lower compared to the same time last year,” said John Challenger, Chief Executive Officer of Challenger, Gray & Christmas, Inc.

“Although we have seen high layoffs in retail with store closings and some companies filing for bankruptcy, there has also been increased hiring in new areas of the sector as retailers build out their e-commerce platforms. Shipping and technology jobs are expanding and going unfilled. We are seeing a labor market in which skilled technical and logistics/supply chain talent is in high demand,” said Challenger.

Retail continues to lead all sectors this year, with 67,596 announced cuts, 3,607 in August. Retail job cuts are 51.4 percent higher this year than through the same point last year, when 44,643 retail cuts were announced.
The construction industry announced the highest number of job cuts in August, with 4,332. Companies in the financial sector cut 3,414 jobs in August, for an eight-month total of 10,799. The services industry announced 3,039 cuts in August, bringing that sector’s total to 21,061.

Manufacturing jobs in Jacksonville climb

Monday, September 4th, 2017

New statistics recently published by the Bureau of Labor Statistics demonstrate that manufacturing jobs in Jacksonville are climbing.

Employment increased by 156,000 in August, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported.

Payroll employment increased by 156,000 in August. Job gains occurred in manufacturing, construction, professional and technical services, health care, and mining. Employment growth has averaged 176,000 per month thus far this year, about in line with the average monthly gain of 187,000 in 2016.

Manufacturing employment rose by 36,000 in August. Job gains occurred in motor vehicles and parts (+14,000), fabricated metal products (+5,000), and computer and electronic products (+4,000). Manufacturing has added 155,000 jobs since a recent employment low in November 2016.

In August, construction employment rose by 28,000, after showing little change over the prior 5 months. Employment among residential specialty trade contractors edged up by 12,000 over the month. Employment in professional and technical services continued to trend up in August (+22,000) and has grown by 262,000 over the last 12 months.

In August, job gains occurred in computer systems design and related services (+8,000). Health care employment continued on an upward trend over the month (+20,000) and has risen by 328,000 over the year. Employment in hospitals edged up over the month (+6,000).

Mining continued to add jobs in August (+7,000), with all of the growth in support activities for mining. Since a recent low in October 2016, employment in mining has risen by 62,000, or 10 percent.

Employment in other major industries, including wholesale trade, retail trade, transportation and warehousing, information, financial activities, and government, showed little change over the month.