The U.S. economy lost 140,000 jobs in the final month of 2020, according to the December U.S. Bureau of Labor Statistics (BLS) Hiring Situation. This represented the first month of loss since the pandemic began impacting our nation early in 2020. The decline in payroll employment reflects the recent increase in COVID-19 cases and continued efforts to control the pandemic.

The U.S. Bureau of Labor Statistics (BLS) November 2020 Hiring Situation indicated that job growth is stalling, with only 245,000 new jobs gained last month. Payroll employment is still 9.8 million short of pre-crisis levels—at November’s pace, it would take until 2024 to return to pre-crisis employment levels. The unemployment rate edged down to 6.7%.

The October Bureau of Labor Statistics (BLS) 2020 Hiring Situation reported job growth of 638,000 new jobs last month, with the unemployment rate dropping down one percentage point to 6.9%. In October, employment in healthcare rose by 58,300 new jobs, with the largest gains occurring in ambulatory care settings (50,700) and hospitals (+16,200) These increases were partially offset by a decline of 9,000 in nursing and residential care facilities.

The latest Bureau of Labor Statistics (B

LS) 2020 Hiring Situation revealed that 661,000 jobs were created during the month of September. The unemployment rate edged down to 7.9% last month. Bars and restaurants added the most jobs in September (200,000), followed by retail, health care and white-collar businesses. The U.S. has recovered about 11.4 million jobs since the recovery got underway in May. 

Although the healthcare sector added 57,600 jobs in September, hospitals lost 6,400 jobs last month. Healthcare job growth was driven by large gains in ambulatory care settings, which added 52,800 jobs in September. The healthcare unemployment rate in September was 4.5%, with 2.0% unemployment in hospital settings.

According to the Bureau of Labor Statistics (BLS) August 2020 Hiring Situation, nearly 1.4 million jobs were added to payrolls last month as the economic recovery continues on. The unemployment rate also continued to decline, dipping to 8.4% in August from 10.2% in July. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it.

The Bureau of Labor Statistics (BLS) June 2020 Hiring Situation reported that payrolls grew by 4.8 million last month.  Higher than the 3 million jobs economists have anticipated would be gained.  Unemployment dropped from 13.3% to 11.1% while job growth numbers were the largest since the government started keeping records in 1939 amid what economists believe to be the deepest and shortest recession in American history.

Job growth remained robust throughout the month of February, adding 273,000 new jobs amid economic fears of the potential Coronavirus (COVID19) impact. The BLS Economic Situation also reported that unemployment rate ticked down slightly to 3.5% last month. Healthcare remained a job growth engine, adding 31,600 new jobs. Healthcare has added 368,000 new jobs in the last 12 months.

Out of hundreds of nursing specialties, which are most in demand?

We examined thousands of our nursing contracts and have listed our Top 5 Travel Nursing Specialities.

1. Telemetry

2. ICU

3. MedSurg

4. PCU

5. ER

Tell Us: Which nursing specialties are you seeing the most demand for? 

The U.S. economy created 145,000 jobs in December 2019, according to the final BLS Economic Situation report of 2019. The healthcare sector contributed 28,100 new jobs last month, accounting for nearly 20% of all job growth. The unemployment rate remained at 3.5%.

The latest BLS Economic Situation report revealed that the economy created a robust and unexpected 266,000 new jobs in November, with the healthcare sector once again leading the way contributing 45,200 jobs or nearly 17% of all job growth.

The unemployment rate dipped to 3.6%, the lowest since 1969. This was the largest increase seen in the last 10 months amid the longest economic expansion in U.S. which has lasted for 11 years.