Coinciding with the crash of the housing market 3-4 years ago, the total number of jobs lost in the construction industry has been felt the hardest in Arizona, Nevada, and Florida. The Bureau of Labor Statistics has published the following construction job declines for the period of the recession: Arizona 53.2%, Nevada 52.3%, and Florida at [...]
Continue reading...18. March 2010
A study conducted by Portfolio.com declares Austin, Texas to be the best place in the country for young adults to find a new job. Austin stands out because it continues to add jobs to its economy. Two thirds of the job markets in the U.S. have fewer jobs now than five years ago but Austin [...]
Continue reading...15. March 2010
A report from Manufacturers’ New Inc. reveals California lost 5 percent, or 79,000, of its industrial jobs during the past 12 months. Especially hard hit was the southern part of the state. Los Angeles remains the city with the most manufacturing jobs in the state with 85,238, but the Southern California region lost 56,681 jobs, [...]
Continue reading...11. March 2010
The U.S. Labor Department reports initial jobless claims fell by 6,000 last week to a seasonally-adjusted 462,000. However, the four-week average, which is considered a better indicator, increased to 475,500 last week from 470,500 the previous week. According to the Associated Press, the four-week average continues to concern economists. It has risen by about 25,000 this [...]
Continue reading...10. March 2010
While the national unemployment rate fell to 9.7 percent from 10 percent in January, the U.S. Labor Department reported Wednesday that 30 states actually saw an increase in unemployment that month. Five states reported record-high unemployment, including California (12.5 percent), South Carolina (12.6 percent), Florida (11.9 percent), North Carolina (11.1 percent) and Georgia (10.4 percent). The [...]
Continue reading...9. March 2010
A report from Manufacturers’ News, Inc. reveals industrial employment in Michigan fell 10.9 percent over the past twelve months. The state lost 80,101 industrial job and 913 manufacturers between January 2009 and January 2010, which is the sharpest decline MNI has ever reported for the state. “It’s a perfect storm of negative conditions,” MNI President Tom [...]
Continue reading...9. March 2010
The U.S. Department of Labor reports the number of job openings in the public and private-sectors increased by 193,000 in January to a seasonally adjusted 2.7 million, which represents a 7.6 percent increase and is the highest level since February 2009. The job openings rate, which measures available jobs as a percentage of total employment, also [...]
Continue reading...5. March 2010
While the U.S. shed 36,000 non-farm payroll jobs in February, the national unemployment rate managed to hold steady at 9.7 percent, according to a report from the Bureau of Labor Statistics released Friday. Last month’s severe winter weather that gripped much of the country likely had some negative effect on the numbers, but BLS Commissioner Keith [...]
Continue reading...4. March 2010
The unemployment rate in Massachusetts increased to 9.5 percent in January from a revised 9.3 percent in December. The Executive Office of Labor and Workforce Development reports the state added a net of 400 jobs last month, but the labor force increased by 3,200, which resulted in the uptick in the unemployment rate. The biggest jobs [...]
Continue reading...4. March 2010
The U.S. service sector, which makes up about 80 percent of all U.S. jobs, showed growth for a second straight month in February, according to the Institute of Supply Management. The ISM’s index registered a 53 February, which was up from 50.5 in January and is the highest since January 2008. Anything over a 50 in [...]
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18. March 2010
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