September's job report shows record low unemployment

BLS reports 134,000 jobs were created last month, but the real news is that the unemployment rate is the lowest it’s ever been in nearly 50 years and wages hiked up by 8 cents.

September's job report shows record low unemployment

September BLS Jobs Report 2018

Summer has come to pass, September has ended, and the latest jobs numbers are here to wake you up. And not just because the unemployment rate has fallen to its lowest level since the '60s. There were big job gains in a mix of industries.

According to the latest monthly BLS jobs report, 134,000 jobs were added in September. That’s slightly below the 168,000 jobs economists predicted, but as the report explains, Hurricane Florence affected a lot of workers on the East Coast during the month of September.

The feds went back and double-checked their math and added another 87,000 more jobs than were originally reported in July and August. Employment numbers for July moved up from 147,000 to 165,000, while jobs increased from 201,000 to 270,000, in August. After these revisions, job gains have averaged 190,000 per month over the last three months.

Job growth

Average hourly earnings increased by 8 cents for a total of $27.24 in September.

Wages

After staying at 3.9% for the past two months, the unemployment dropped down to 3.7%—the  lowest it’s ever been in nearly 50 years, according to MarketWatch.

Unemployment rate

Job gains were made across several sectors last month. See which industries added the most jobs in September:

Business and professional services

Number of jobs created: 54,000

Companies hiring: Advantage Solutions Group, Konica Minolta, ADP

Find all business jobs on Monster.

Health care

Number of jobs created: 26,000

Job growth areas: Hospitals, ambulatory care services

Companies hiring: Brookdale Senior Living, Apria Healthcare, St. Peter’s Health Partners (SPHP)

Find all health care jobs on Monster.

Transportation and warehousing

Number of jobs created: 24,000

Job growth areas: Warehousing and storage, couriers and messengers

Companies hiring: UPS, XPO Logistics, CBDriver.com

Find all transportation and warehouse jobs on Monster.

Construction

Number of jobs created: 23,000

Companies hiring: Michael Page USA, Army National Guard, D Square Construction

Find all construction jobs on Monster.

Manufacturing

Number of jobs created: 18,000

Job growth areas: Durable goods

Companies hiring: Honeywell, Goodyear, Fiat Chrysler Automobiles

Find all manufacturing jobs on Monster.

Mining

Number of jobs created: 6,000

Companies hiring: Wood PLC, Peter Kiewit Sons, Williamstown Services

Find all mining jobs on Monster.

One industry that saw a slight decline in jobs in September was hospitality and leisure. While the BLS report shows that 17,000 jobs were lost in September, prior to last month, employment had been on a modest upward trend and some of the weakness in this industry in September can be chalked up to the impact of Hurricane Florence. On Monster, however, you can still find hospitality jobs at top companies, such as Flight Centre Travel Group, Diamond Resorts International, and River Rock Casino.

October’s jobs report comes out Friday, Nov. 2, at 8:30 a.m. EST. In the meantime, you can find the top companies hiring now on Monster.

Job search next steps

Knowing the top industries hiring is a key step in the job search process. But now it's time to get out there and get some exposure. Need some help with that? Join Monster for free today. As a member, you can get job alerts emailed right to your inbox, which cuts down on the amount of time you'd spend combing through ads. Additionally, you can upload up to five versions of your resume—each tailored to different types of jobs that interest you. Recruiters search Monster every day looking to fill top jobs with qualified candidates, just like you.