August 2018 Jobs Report Summary

August 2018 Jobs Report SummaryAugust 2018 Jobs Report SummaryEmployers added 201,000 jobs in August, according to the Bureau of Labor Statistics (BLS). That marks the 95th consecutive month of job growth in the United States. Job gains have totaled more than 1.6 million so far this year, and they have averaged 185,000 per month over the past three months.These sectors added the fruchtwein jobs in AugustEducation and health services 53,000 jobs addedProfessional and business services 53,000 jobs addedConstruction 23,000 jobs addedWholesale trade 22,400 jobs addedTransportation and warehousing 20,200 jobs addedAugust unemployment rateThe unemployment rate held steady in August, at 3.9 percent. The unemployment rate for college-degreed workers who are 25 or older - the most in-demand group of professionals - edged down slightly to 2.1 percent from 2.2 percent in July.What employers need to knowIn this job market, employers need to do all they can to speed the time to hire, or they ma y struggle to staff open roles. research shows that 57 percent of job seekers lose interest in a position when the hiring process takes too long.Salary negotiation is often one of the biggest drags on getting a candidate to sign on the dotted line. So, you must be well-prepared to enter behauptung discussions with potential hires and quickly reach a fair deal that leaves you both feeling satisfied.Expect in-demand talent to come to the table ready to talk numbers with you. Use resources like Robert Halfs annual Salary Guides to make sure youre aware of the current pay range for a particular position in your city. The guides can also help you determine when you need to sweeten the deal to account for hard-to-find skills or certifications.While youre at it, consider reviewing the salaries for your existing staff A survey by found that almost half of U.S. workers feel they are underpaid. You dont want to risk losing valued team members, many of whom no doubt recognize that they have op tions in the current hiring environment.GET YOUR GUIDEWhat job seekers need to knowIf you have in-demand skills and experience, the current hiring market is probably brimming with job opportunities for you. The BLS reports that, at the end of June, more than 6.7 million jobs in the United States were waiting to be filled. Employers are having a hard time finding enough skilled talent to hire.Because of these dynamics, you may find youre in the drivers seat when you enter salary negotiations with a potential employer. Dont hesitate to push your advantage. But keep in mind that youll be much more successful at getting what you want from these discussions if you come prepared. Take time to research current and emerging salary trends for your job, skills and local area. (Robert Halfs Salary Calculator is a great tool to get that process started.)CALCULATE YOUR SALARYAlso, read up on salary negotiation tips. Here are two quick onesBe honest about your needs and expectations.And be willin g to state a specific number or range.These strategies will help you and the hiring manager to figure out quickly if youre on the same page - or if you can eventually get there. If not, you can both decide whether it makes sense to keep moving forward with the hiring process.