🚀EQ News Edition 5: Your Key to the Future of AI, Careers, and Markets!🎉"
🔍 Discover AI advancements, exciting career prospects, major market shifts, and more in this concise and engaging digest!
Hello, inclusive innovators! 🎩 Here's your now biweekly vs weekly power dose of Careers, Community, Conversation, and Capital.
Let's dive into the new, improved, and power-packed edition!
May's Labor Market Pulse: Analyzing the Jobs Report" 📊
💼 A Deeper Look into the Job Market:
In May, total nonfarm payroll employment rose by 339,000, pushing the unemployment rate up slightly to 3.7 percent. Job gains were found across various sectors, including professional and business services, government, health care, construction, transportation and warehousing, and social assistance.
📈 The unemployment rate for adult women and Blacks saw a noticeable rise in May, while rates for adult men, teenagers, Whites, Asians, and Hispanics showed little change.
🕰️ The number of job persons who completed temporary jobs rose by 318,000 to 3.0 million, indicating a notable shift in temporary employment.
📊 The labor force participation rate stayed steady at 62.6 percent, while the employment-population ratio remained unchanged at 60.3 percent.
🏢 Industry Specific Insights:
🏛️ Government employment increased by 56,000, despite remaining 209,000 jobs below its pre-pandemic February 2020 level.
🏥 Health care sector added 52,000 jobs, with job growth in ambulatory health care services, hospitals, and nursing and residential care facilities.
🏗️ Construction industry welcomed 25,000 new jobs, including 11,000 in heavy and civil engineering construction.
📦 Transportation and warehousing saw an increase of 24,000 jobs, with transit and ground passenger transportation adding 12,000 jobs.
📈 Earnings and Hours:
💰 Average hourly earnings for all employees on private nonfarm payrolls rose by 11 cents to $33.44, marking a 4.3 percent increase over the past 12 months.
⏰ The average workweek for all employees on private nonfarm payrolls edged down by 0.1 hour to 34.3 hours in May.
🤝 Join the Dream Team:
EQ has partnered with the innovative Air Protein. We're thrilled to refer members for two C-level roles.
Air Protein. We're thrilled to refer members for two C-level roles.
👥 On the Hunt: EQ is looking for our first Account Manager! This entry-mid-level role reports directly to me.
Interested? Reach out for the JD.
🧠 Mental Health Matters: May was Mental Health Month, and the EQ community has been buzzing about therapy.
Check it out here
🔄 Time for Reflection: It's mid-year. How do you rate your progress? Take a moment to reflect, refine, and move forward.
⚖️ AI Regulation: Key AI industry players are urging governments to regulate AI. Is it time for new laws? Check out these discussions.