January Employment Trends Report [Infographic]
This month’s employment situation, released by the Bureau of Labor Statistics (BLS), showed monthly job growth averaged 246,000 in 2014, compared to 194,000 gains per month in 2013. Year-over-year growth for staffing jobs averaged 8.7% in 2014, compared with a 6.4% average in 2013.
“Current economic indicators suggest more good news for job seekers in the months ahead with an increasing number of employment opportunities and options for U.S. workers,” said Richard Wahlquist, president and chief executive officer of the American Staffing Association.
These trends can be seen in the rest of the data released by the BLS this month, which showed 252,000 total non-farm job gains during the month of December. Sectors that saw the largest gains over the month were professional and business services, construction, and food services and drinking places. Staffing industry growth also continued, creating 14,700 new jobs in December – a 7.8% increase compared to December of 2013.
According to the American Staffing Association (ASA), the “staffing and recruiting industry grew about two times faster than the economy in 2013”. This growth coincides with the shifting landscape of the staffing industry itself and an increased tendency for businesses to utilize contingent workforces to remain fully staffed during fluctuating busy times. The ASA predicts that this trend will continue, stating that “after a long history of service to job seekers, businesses, and the economy, the [staffing] industry has been transformed for today’s slow-growing yet rapidly evolving economy.”
To see more statistics on December’s employment situation as well as additional commentary from Richard Wahlquist, check out this month’s January Employment Trends Infographic >