National unemployment rate continues to decline

National unemployment rate continues to decline

The nation's unemployment rate has come a long way since the beginning of last year. Whereas 2013 began with a 7.9 percent unemployment rate, this figure was down to 7.3 percent this past August, according to the U.S. Bureau of Labor Statistics.

With this information in mind, those who have been putting off their employment search may want to update their resume, sit for an aptitude test and take other steps toward landing a job. Overall, 169,000 jobs were added last month.

Of course, job prospects in certain sectors were better than they were in others. Despite the ups and downs of the economy, the health care industry has stayed strong, with 33,000 new jobs added in August. Within this sector, most of the growth was related to ambulatory care services.

Retail trade created 44,000 new positions, while there were 23,000 new jobs in the area of professional and business services. In July, the number of motor vehicle and parts manufacturing positions may have dropped by 10,000, but in August, there were 19,000 new jobs.

Employment opportunities will depend on the area job seekers reside in, but being prepared for the employment search could be one way to gain a career advantage.

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