Staffing Employment Trends – May 2012
The Purchasing Manager’s Manufacturing Index continued its expansion in April and the Purchasing Manager’s Non-Manufacturing Index had another strong month as well. According a recent webinar from Staffing Industry Analysts (SIA), unemployment claims saw a slight uptick in April, ending the steady declining trend, but the overall unemployment rate fell nine base points to 8.10%. The Economic Cycle Research Institute (ECRI) continues to stand by its recession call, although 115,000 new jobs were created in the month of April, a 1.38% increase versus April 2011. Private employment also continued to grow in April, adding 130,000 jobs, a 1.86% increase versus April 2011.
Temporary staffing added 21,000 jobs in April, growing 8.7% year-over-year and rebounding from the slight loss in jobs in March 2011. Direct hire staffing also continues to grow and is up nearly 10% from 2011. In April, employment rose in professional and business services, retail trade, and health care, according to the Bureau of Labor Statistics (BLS). Employment in professional and business services increased by 62,000 in April. Since a low point in September 2009, employment in this industry has grown by 1.5 million jobs. Manufacturing employment continued to trend up (+16,000) in April, with job growth in fabricated metal products (+6,000) and machinery (+5,000). Since its most recent low in January 2010, manufacturing has added 489,000 jobs
Transportation and warehousing lost jobs over the month of April. Employment in other major industries, including mining and logging, construction, wholesale trade, information, financial activities, and government changed little.