October 8, 2012

Staffing & Employment News: Surprise

Staffing & Employment News

Surprise!

The September jobs report showed a surprise decline in the unemployment rate, to 7.8 percent. September payroll jobs increased a modest 114,000, and revisions of the last two months pushed August to 142,000 (from the 96,000 previously estimated) and July to 181,000 (from 141,000) for a net increase of 86,000.

Sectors showing the most jobs gains include: health care (up 44,000), transportation & warehousing (up 17,000), and financial activities (up 13,000). Public sector jobs grew by 10,000 in September, and surprisingly by 45,000 in August.

Staffing jobs rose 5.4% higher in Q2 2012 than in Q2 of previous year. The ASA staffing index also shows a rise in in temporary and contract employment of 26.6% since the beginning of 2012.

Consumer confidence rose significantly in September, in surveys from both the University of Michigan and the Conference Board. This represents the strongest rise in confidence since December. Analysts speculate that confidence may be inspired by the simultaneous gains in housing and stock prices, which haven’t shown such returns simultaneously since 2006.

What does October hold in store for us?

Share

142 N. Milpitas Blvd. Milpitas, CA 95035, 408-475-8260 • 360 Thames Street Newport, RI 02840, 401-398-2929 • 416 S. Main Street Hailey, ID 83333, 208-788-8260


Login