Bright’s monthly jobs analysis estimates 177,000 jobs created in May 2013. Rather than slipping further, job creation appears to have recovered nearer the levels seen around the beginning of 2013.
This month’s data reiterates the growth of jobs in the healthcare and technology industries. The number of jobs in the technology sector has grown a substantial 4.0% nationwide in just the first five months of 2013. Seven of the ten metropolitan areas identified as having the most jobs per capita this month were also among the top ten areas with the most tech jobs per capita; among the fastest growing regions in technology are San Jose, Austin, Springfield, Washington D.C., and Kansas City.
In the midst of graduation season, this is good news for some recent grads. A report published last week by Georgetown University found low rates of unemployment for recent graduates in education (5.0%), engineering (7.0%), and health and sciences (4.8%). Non-technical majors, however, are facing higher rates of unemployment: arts (9.8%), law and public policy (9.2%), architecture (12.8%). In response to these kind of discrepancies, a bill has been introduced called the “Student Right to Know Before You Go Act;” it would require colleges to inform students about the potential financial outcomes of major selection by reporting alumni’s salaries and career paths.
To read more about the Bright Employment Index, please visit Bright Labs.