This morning, the Bureau of Labor Statistics (BLS) reported that employment rose by 80,000 jobs in June. The unemployment rate held steady at 8.2%. This report falls short of the forecasts for 100,000 jobs being added during June. The April-June quarter fell below the pace of job growth in the first quarter of 2012. April through June averages 75,000 jobs added each month, compared to in January-March when 226,000 jobs were added. In addition to initial results for June, employment numbers for the months of April and May were also adjusted, down 1,000 jobs combined.
The private sector again accounted for job growth last month, with employment rising in professional and business services (+47,000), management and technical consulting services (+9,000), and computer systems design services (+7,000). Manufacturing saw gains for the ninth month in a row, with increases seen in motor vehicles and parts (+7,000) and fabricated metal parts (+5,000). Healthcare and wholesale trade continue to trend up as well. It was also noted that temporary help services accounted for the addition of 25,000 jobs in the US – about 31% of all gains seen in June. All other sectors were relatively unchanged.
Along with the preliminary report for June, the BLS issued its final number of job gains in April to 68,000 jobs, down from last month's revised 77,000. The preliminary estimate for May, however, increased from 69,000 jobs to 77,000 jobs gained.
Links to this article (2)
July 11, 2012 - www.wantedanalytics.com
Recruiters, Start Your Engines – Auto Manufacturers Increase Hiring – Jobs. Trends. Insight.
July 12, 2012 - www.wantedanalytics.com
Temporary Help Jobs Are in Demand, Contributing to Job Growth in June – Jobs. Trends. Insight.