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

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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

Source: DismalScientist.com

Brazil’s foreign trade

Source: DismalScientist.com

Canada’s Purchasing Managers' Index

Source: DismalScientist.com

Columbia’s Consumer Price Index

Source: DismalScientist.com

Euro Zone's business and consumer sentiment

Source: DismalScientist.com

France’s consumer confidence

Source: DismalScientist.com

Germany’s Ifo Business Climate Index

Source: DismalScientist.com

Italy’s business confidence

Source: DismalScientist.com

New Zealand’s Monetary Policy

Source: DismalScientist.com

South Korea’s Consumer Sentiment Index

Source: DismalScientist.com

Spain’s business confidence

Source: DismalScientist.com

United Kingdom's Monetary Policy

Source: DismalScientist.com

Uruguay's Consumer Price Index

Source: DismalScientist.com

Vietnam's foreign trade

Source: DismalScientist.com