Advertising, PR and related services
U.S. employment in the Bureau of Labor Statistics (BLS) classification of advertising, public relations and related services came in at 502,100 jobs in September based on seasonally adjusted figures.
That puts ad employment at its highest level since November 2000. That was back in the dot-com bubble, when a surfeit of internet startups shoveled money into advertising using a cash windfall from venture capital and initial public offerings.
The ad market added 3,000 jobs in September, an increase from August’s gain of 1,400 jobs and the biggest monthly increase since summer 2022.
BLS downwardly revised the August figure from a gain of 2,900 jobs reported a month ago. It also downwardly revised the July figure to a gain of 400 jobs, vs. the 700 jobs increase reported a month ago.
This BLS jobs bucket includes ad agencies, PR agencies and related services such as media buying, media reps, outdoor advertising, direct mail and other services related to advertising. Ad agencies account for the biggest portion—about 47%—of those jobs.
Ad employment weakened last fall, dropping in three of four months from last September through December. But the ad business found new momentum this year, with staffing increases every month this year except for March.
These ad employment gains came despite cutbacks this year at media companies and ad-centric tech firms.
Employment in the broad BLS classification of media streaming distribution services, social networks and other media networks and content providers fell to 229,200 jobs in August on a non-seasonally adjusted basis, down 3,600 jobs from July. Staffing in that sector is at its lowest level since 2018.
Employment in the classification of web search portals and all other information services edged up by 200 jobs to 162,400 jobs in August on a non-seasonally adjusted basis. Staffing remains well below its all-time high of 171,900 jobs last January.