Tuesday, September 21, 2010

August 2010 Employment Trends Show Slight Uptick

At the end of August 2010, the major job sites released hiring data and analysis for the month, indicating results that unemployment edged up slightly compared to July. Today's article summarizes job reports from Indeed.com, SimplyHired.com and CareerBuilder.com.

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.

August’s unemployment rate of 9.6% registered a slight increase from July, but had enough mixed results that CareerBuilder referred to August results as a “glass half full”. While August non-farm payroll lost 54K jobs, it beat projected losses of 105K jobs. Also, July’s estimate was revised to also be a loss of 54K jobs, from an initial estimated loss of 131K (June’s estimates revised to 175K job losses from initial estimates of 221K losses). August Government sector jobs were down 121K, primarily due to census jobs ending, while private sector added 67K jobs. These are still signs of a slow recovery.

( Continued ... August Growth by Function )

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Related Articles:
July 2010 Employment Trends Ends Flat
June 2010 Employment Trends Show Mixed Results

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