Employment Trends: March 2013

employment-trends-march_blog_staff-management-SMXThe March 2013 Staffing Industry report provided by the Staffing Industry Analysts reported an increase of 236,000 jobs in total nonfarm employment. The Professional job sector was a top job generator in February with an addition of 70,000 jobs. Construction continued its positive turnaround with an added 48,000 jobs and healthcare also increased by approximately 32,000 jobs. The Bureau of Labor Statistics noted an unemployment rate of 7.7%. In fact, the past three months were cited as the best three month performance since 2006.

The monthly change in temporary help employment grew by 16,000 jobs.  As reported by the American Staffing Association, in a year-to-year comparison, temporary help employment was 4.4% higher this month than in February 2012 Although the numbers point to a lot of economic growth, government spending cuts and the uncertainty surrounding federal policy will have take effect on the employment in the coming month. Nonetheless, temporary help services will continue to help business fill their labor demand.