Recruiting, Staffing & Employment News
Stable but Slow,
Despite ADP’s optimistic report of 215,000 new private sector jobs, the U.S. Department of Labor reported gains of 168,000 in private payrolls, which was slightly higher than analysts’ forecasts. The overall growth in employment including government cutbacks netted an increase of 155,000. November payrolls were revised upward.
The goods-producing sector rebounded by 59,000 in December after a loss of 1,000 in November. Construction jobs also showed gains of 30,000 following a November dip of 10,000. Manufacturing increased 25,000 over a small increase of 5,000 the month before. (more…)
Staffing & Employment News
Respectively Healthy Improvement
Before the revolutions started driving oil prices up, there was some heady optimism. It persists despite the anticipated impacts of expensive oil. Americans must be feeling optimistic, “auto sales reportedly rose 27% in February”, NPR reported, “as the economic recovery continued and consumers felt more comfortable taking on a car payment.”
The jobs report today showed a “respectively healthy gain” for the month of February, at 192,000, and December and January revisions were up a net 58,000. Professional and business services, health care, transportation & warehousing, construction, mining, and manufacturing all showed increases. ADP estimated yesterday that February’s private payrolls increased by 217,000 (a little higher than today’s report), and the Monster employment index went up 7 points to 129 in February with a sharp pick-up in online job recruitment. (more…)
Happy Holidays and New Year!
Redfish wishes you and yours a happy, healthy holiday full of good times and restorative repose. As we close out 2010 at double last year’s production, we truly hope that the recovery is gaining a strong foothold for everyone.
We are committed to our client’s future and look forward to continuing the many meaningful partnerships we have in place, as well as building new ones. Prospects are looking up for many in our sector, and there are a lot of exciting challenges and opportunities ahead.
Our New Year’s Resolution for 2011 is to continue to fulfill our mission of providing the most progressive recruiting service in partnership with our clients; upholding the highest standards of honesty, integrity, excellence, and performance; and having a productive and enjoyable year.
We wish you the very best throughout the holiday season – talk to you soon!
Staffing & Employment News
From the Redfish Technology May Newsletter.
According to Bloomberg, the growth in corporate profits is an encouraging sign for a V-shaped recovery. The economy is expected to grow at 4% this year, which is up from the 3% prediction derived from a survey of economists earlier this year. This capital will be invested in equipment and hiring according to Joseph LaVorgna, chief U.S. economist in New York at Deutsche Bank Securities Inc. (more…)