Download - Jobs Report January 2010
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
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al a
ndbu
sine
ss s
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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%