July 2019 Jobs Report | SD Marketflash

20 ago. 2019

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Key takeaway: Year-over-year job growth reached its highest level in ten months due to an unexpected increase in government jobs. Over the previous 12 months, government employers added an average 2,800 jobs (1.2%), but this figure jumped to 9,100 (+3.9%) in July. It is unclear why the spike occurred, but July is typically a volatile period for government workers, due largely to state and local education workers of whom many are temporarily off the payroll through July and August. While this seasonal shift was evident in month to month figures, it was far less pronounced than in previous years, leading to a larger year over year gain. It is unclear at this time what caused the shift or if it will be corrected or offset in future months.