The February 2013 Staffing Industry Report provided by Staffing Industry Analysts revealed that the unemployment rate remained at 7.9% in January. The number of unemployed persons remained little changed at 12.3 million.
Total nonfarm payroll employment grew by 157,000 in January. The largest job gains occurred in retail trade, construction, health care and wholesale trade; however, employment growth averaged 181,000 per month in 2012. The Bureau of Labor Statistics reported that employment decreased in transportation and warehousing. Construction added 28,000 jobs and the remodeling market index is near a nine year high. Information technology employment set another all-time high in January with an increase of 15,800 jobs. IT jobs grew 0.37% sequentially last month to 4,339,800. IT employment overall has grown by over 4% since January 2012, as reported by American Staffing Association.
The market continues to demonstrate a softening staffing market where new orders are decelerating and sales are getting more difficult. The non ferrous metal production industry, including ready mix concrete , motor vehicle power train components and machine tool manufacturing has the highest average weekly overtime hours. This can provide a great opportunity for staffing companies.