Staffing Employment Trends – May 2011
Staffing Industry Analysts (SIA) presented the May Staffing Industry Report webinar on May 10, 2011. The top three sectors adding jobs in the last month were retail trade, professional services (excluding temporary labor, which is calculated separately) and education and health. Government jobs continued to lose jobs in the month of April. Trends in hours worked remained even with the trends seen in the start of 2011, with overtime hours trending up overall. The total U.S. unemployment rate rose slightly this month to 9% and is likely to stay near that level for the foreseeable future.
The Bureau of Labor Statistics (BLS) reports that temporary employment lost 2,300 jobs in the month of April, while private employment gained 268,000 jobs. Manufacturing employment grew by 29,000 jobs in April. Since reaching an all-time low in December 2009, manufacturing has added back 250,000 total jobs, with 141,000 of those jobs coming so far in 2011. We expect to see manufacturing bounce back and continue it’s growth in 2011.
While the overall outlook remains positive, the continuing high unemployment rate and the loss of temporary employment positions mark two negative spots in the economic recovery for the month of May.