Staffing Employment Trends – June 2012
Both the Purchasing Manager’s Manufacturing Index and Non-Manufacturing Index showed continued expansion in May, reports Staffing Industry Analysts (SIA). Nonfarm payroll employment changed little in May, adding 69,000 jobs and rising 1.36% versus May 2011, and the unemployment rate was essentially unchanged at 8.2 percent, the U.S. Bureau of Labor Statistics reported in their Employment Situation news release. Although the unemployment rate changed little, new unemployment claims went down after a brief uptick in April. Private employment continued to grow in May as well, up 87,000 jobs from April 2012 and 1.79% from May 2011.
Temporary employment added 9,000 jobs in May, an 8.5% increase from May 2011. Employment levels increased in health care, transportation and warehousing, and wholesale trade but declined in construction. Employment was little changed in most other major industries. Transportation and warehousing added 36,000 jobs over the month, while manufacturing continued to trend up in May, adding 12,000 jobs, following a similar change in April when 9,000 jobs were added.
Overall staffing employment in May is up 6.6% from May 2011, according to the ASA Staffing Index. Also according to the index, since the beginning of 2012, temporary and contract employment has grown 24.2%.
On another positive note, the job openings vs. layoffs gap continues to widen, according to SIA. This points to positive economic growth, as does the fact that college unemployment is at the lowest level in three years.