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The latest news, trends and information to help you with your recruiting efforts.

Posted May 01, 2012 by

753,000 Job Gains in 3rd Quarter 2011 Largest Since 2006

From June to September 2011 gross job gains from opening and expanding
private sector establishments were 7.1 million, an increase of 166,000
jobs from the previous quarter, the U.S. Bureau of Labor Statistics
reported today. Over this period, gross job losses from closing and
contracting private sector establishments were 6.3 million, a decrease
of 9,000 jobs from the previous quarter.

The difference between the number of gross job gains and gross job
losses yielded a net employment change of 753,000 jobs in the private
sector during the third quarter of 2011. This is the largest net job
gain since the first quarter of 2006.
(more…)

Posted February 01, 2012 by

Private Sector Employment Increased by 170,000 in January — Mostly From Small Businesses

ADP National Employment ReportThe January 2012 ADP National Employment Report was just released and contains mostly good news about the economic recovery.

Employment in the U.S. nonfarm private business sector increased by 170,000 from December to January on a seasonally adjusted basis. The estimated advance in employment from November to December was revised down to 292,000 from the initially reported 325,000.

Employment in the private, service-providing sector rose 152,000 in January, and employment in the private, goods-producing sector increased 18,000 in January, while manufacturing employment increased 10,000.

Employment on large payrolls—those with 500 or more workers—increased 3,000, and employment on medium payrolls—those with 50 to 499 workers—rose 72,000 in January.

Employment on small payrolls—those with up to 49 workers—rose 95,000 that same period. Of the 95,000 jobs created by small businesses, 11,000 jobs were created by the goods producing sector and 84,000 jobs were created by the service-producing sector.

Employment in the construction industry increased 2,000 this month, which is down from an increase of 27,000 in December. Employment in the financial services sector increased 9,000 in January, which is up from an increase of 1,000 in December, and represents the largest gain in two years.

Posted October 18, 2011 by

Federal Agencies Cutting Jobs — Even Military, Intelligence Aren’t Safe

Not even the nation’s ranks of spies will be safe from federal budget cuts, according to a recent article at Wired.com.   Major cuts to the intelligence community’s $80 billion annual budget could result in widespread job cuts across the various spy agencies.   With a mandate to cut federal spending by $2.1 trillion over the next decade, every government agency is at risk of job cutting, including the military.

Over the past two months, multiple military branches have announced personnel reductions totaling more than 67,000.  Meanwhile, the United States Postal Service, which is facing financial insolvency resulting from significant declines in mail volume and retiree health benefit prefunding costs imposed by Congress, has proposed a plan that would cut its workforce by 220,000 between now and 2015 (100,000 of which would come from attrition). (more…)