workplace economy slides may 2012

U.S. Economic Data Michael J. Shafran, National Sales Adecco

As of May 2012

Reflective of the Bureau of Labor Statistics’ “The Employment Situation – April 2012”

The national unemployment rate declined for the second consecutive month

JOBS GAINED IN APRIL

UNEMPLOYMENT RATE

LOWEST UNEMPLOYMENT RATE SINCE

115,000

8.1%

February 2009

The national unemployment rate

Source: BLS

Source: CNNMoney.com

115,000 new jobs were added in April

Private sector payroll employment

Source: WhiteHouse.Gov

ere

United States jobless claims

Source: DismalScientist.com

Sector changes observed in April

Employment by Selected Industries

(Changes from March – April 2012,

in Thousands)

0 10 20 30 40 50 60 70

Retail Trade

Professional & Business Services

Manufacturing

Leisure & Hospitality

Legal

Healthcare

Finance

Temporary

Source: BLS

Education remained a job search differentiator

Source: BLS

* National unemployment average, according to education levels

8.1%

4.0%

7.6%

7.9%

12.5%

National average

College educated

Some college

High school diploma

Less than high school

A snapshot of metropolitan unemployment figures

Source: BLS

National employment statistics

Sources: BLS, WashingtonPost.com

The national labor force participation rate

Sources: BLS, WashingtonPost.com

Changes in the labor force

Source: EconomyWatch.MSNBC.MSN.com

A look back on past recessions and recoveries

Sources: Labor Department, The Wall Street Journal

A snapshot of Americans unable to find full-time work

Sources: Economix.Blogs.NYTimes.com, BLS

* In millions

The national unemployment rate declined for the second straight month in April, to 8.1 percent, which is the lowest it has been since February 2009.

Opportunities • The professional and business services sector added 62,000 new jobs to the national economy in April. • Employment within the retail trade and manufacturing industries increased by 29,300 and 16,000, respectively, last month.

• In the meantime, the healthcare and temporary help services industries

generated 19,000 and 21,100 new jobs, respectively.

Weaknesses • Hiring continued to dwindle, as only 115,000 new jobs were created last month.

• Employment within the information and transportation and warehousing sectors diminished by 2,000 and 16,600, respectively.

In Summary

Global Economic Data

As of April and May 2012

Australia’s Monetary Policy


Brazil’s foreign trade


Canada’s Purchasing Managers' Index


Columbia’s Consumer Price Index


Euro Zone's business and consumer sentiment


France’s consumer confidence


Germany’s Ifo Business Climate Index


Italy’s business confidence


New Zealand’s Monetary Policy


South Korea’s Consumer Sentiment Index


Spain’s business confidence


United Kingdom's Monetary Policy


Uruguay's Consumer Price Index


Vietnam's foreign trade


workplace economy slides may 2012

Documents

employment

april

month

washingtonpost

jobs

dismalscientist

bls

snapshot