Staffing Employment Trends – August 2011
Staffing Industry Analysts presented the August 2011 Staffing Industry Report Webinar on August 9, 2011. The unemployment rate changed little this month, coming in at 9.1%. Job gains occurred in health care, retail trade, manufacturing, and mining while government employment continued to trend down. Temporary help changed little in July, making it the fourth month in a row with little change.
According to the Bureau of Labor Statistics (BLS), total nonfarm payroll employment increased by 117,000 in July. This slight increase follows the trend of little growth over the prior two months. A few strong spots in the job market include health care, which grew by 31,000 jobs in the past month and 299,000 jobs over the past 12 months. Manufacturing also grew by 24,000 jobs in July, with most of the increase being in the durable good manufacturing sector which includes the motor vehicles and parts industry. Government continued to lose jobs in July.
Although there is widespread concern over the S&P downgrade, unstable European markets and the drop in the stock market, there is good news in the fact that 41 out of 50 states are reporting GDP growth.