Wednesday, July 7, 2010

June 2010 Employment Trends Show Mixed Results

At the end of June 2010, the major job sites released hiring data and analysis for the month, indicating mixed results. Today's article summarizes job reports from, and

Not only is this data valuable for job seekers, but for business analysts, corporate strategists, marketers, salespeople, investment analysts, financial advisers, and others who are interested in companies experiencing growth.

The drop in June’s unemployment rate to 9.5% (lowest since 7/09) was mixed with the loss of 125K jobs. Remember all those temporary census jobs? Notice there’s not as many census takers lurking around the neighborhood? That’s because 225K temporary census jobs were cut during June, leading to the relatively large job loss number. In reality, the census inflated job growth for the past couple of months and now inflates June job losses. However, the trend remains one of slow job growth and demonstrating continuing signs of a slow recovery.

Job growth remained spotty, effecting some cities, industries and job functions more than others. Some job markets remain in the dumper - Miami and Detroit held flat, while Los Angeles job markets declined - all three are still in deep trouble with up to a 1:8 ratio of unemployed workers to job advertisements.

( Continued ... Growth by Function )

Page: <1> <2> <3>

Like this article?
Subscribe here and have daily tips delivered to your email.
or delivered to your RSS reader.

For access to more information:
Become a fan of reCareered on Facebook:
Join Career Change Central on Linkedin:

Related Articles:
May 2010 Hiring Trends Show Continued Slow Improvement
April 2010 Hiring Trends Show Slow Employment Improvements

Email your request to to enroll in a free group teleseminar "Accelerate Your Job Search - tools you can use".


No comments: