Thursday, April 7, 2011

Latest Figures from Bureau of Labor: Temp jobs up by 28,800 in March

The latest figures from the Bureau of Labor Statistics show the U.S. added some 216,000 new jobs in March signaling further recovery for the American economy. Overall, the U.S has seen around 1.3 million jobs added this year and the nation’s unemployment rate fell to 8.8% last month.

Here’s where hiring happened during March:

Healthcare, Leisure & Hospitality and Temporary Labor were the three industries where hiring increased significantly last month. 

Government, Construction and transportation sectors remained more or less unchanged.

•  Manufacturers (+17K) were hiring again in March – possibly due to events in Japan

•  Temp positions (+28.8K) continued to add workers in March

•  Leisure & Hospitality (+37K) was booming as consumers took the family out to eat – a first step into the spend as consumer confidence starts to eke out of its recession lows. Restaurants and bars added workers (+26.5K) like crazy last month

•  Retail (+17.7K) employment was up during March.

 •  Financial firms (+6K) saw a slight bump in March. There was an uptick in hiring in the Real Estate (+9.5K) subsector as the volume of renting/leasing has increased.

•  Health care (+36.6K) continued to add workers, significantly better than the average month (+24K) from the past year.

 •  Tax season has been busier than usual this year with Accounting/Bookkeeping services (+20.2K) adding workers in March

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