Jobs report summary

January 2010

Source: Labor Department

December’s jobs report was anticipated as a way of seeing if the economy would continue to rebound, or if the path to recovery would continue to be one with ups and downs. The temporary sector added jobs for the fifth continuous month, and saw an increase of 47,000 jobs.

December’s unemployment stayed at a rate of 10.0%, as did the number of hours worked by employees. The average hourly earnings increased by $.03.

While these numbers were not as good as hoped for, experts still believe that job losses could hit zero, with job growth potentially beginning in the first quarter of 2010. Holiday retail sales and manufacturing reports both contained positive news which helps build a positive outlook on the economy.

Based on this cautious optimism, many clients are looking at flexible methods of increasing their workforce based on business demands as the recession begins to ease up. Temporary or contract based employment is an excellent way to move forward on business plans before committing to permanent hiring.

Job marketMonthly job losses, in thousands

Sector watchNet job change from November to December by sector, in thousands

Man

ufac

turin

g

Cons

truct

ion

Leis

ure

& H

ospi

talit

y

Reta

il

Acc

ount

ing

Lega

l

Fina

ncia

l

Arc

hite

ctur

e

IT/T

echn

ical

Hea

lthca

re

Tem

pora

ry

-27 -25

-53

-10.2 -2.6 -2.1

+4 +4 +6.9

+22

+47

0K-100K-200K-300K-400K-500K-600K-700K

Jan ‘09 Dec ‘09

-741K

-85K

Number of jobs in each sectorout of every 1,000 total jobs:

2009: 89 of every 1,0001999: 132 of every 1,000

Lost: 43

2009: 45 of every 1,0001999: 51 of every 1,000

Lost: 6

2009: 128 of every 1,0001999: 125 of every 1,000

Added: 3

2009: 125 of every 1,0001999: 97 of every 1,000

Added: 3

Man

ufac

turin

gCo

nstru

ctio

nH

ealth

Car

ePr

ofes

sion

al a

ndbu

sine

ss s

ervi

ces

Jobs report summary January 2010

Regional insights The shifting job market

For the full report, go toworkplaceeconomy.com

© 2009 Adecco

-1.0%

-0.7%

-0.6%

-0.6%

-0.6%

+0.5%

+0.3%

Largest monthly % decrease, by state

Largest monthly % increase, by state

Hawaii

Maine

Nevada

Mississippi

Montana

Alaska

Iowa

-16,700

-14,000

-10,200

-10,200

-9,400

+17,300

+5,400

+4,800

+4,300

Largest monthly decrease, by state

Sectors whose share of U.S. jobs shrank:

Jobs lost and gained by sector, December 1999-December 2009

Sectors whose share of U.S. jobs grew:

Largest monthly increase, by state

Florida

California

Michigan

Pennsylvania

New Jersey

Texas

Ohio

Georgia

Arizona

Iowa +4,300

Dec. 199917.3 million

Dec. 209911.6 million

6.7 million

5.9 million

16.8 million

16.4 million

16.4 million

12.6 million

-32.7%

-12%

+2.8%

+29.9%