Private sector hiring was a bit disappointing last month, as only half of the nation’s 10 major industry groups reported employment increases. In all, the construction, government, information, leisure and hospitality, and professional and business services industries recorded job losses in May.
From December 2011 to February 2012, the national economy generated an average of 252,000 new jobs per month. Since then, only 96,000 new jobs have been added to the economy each month, on average.
In April, United States economists were somewhat alarmed by the findings of the BLS’ “The Employment Situation – March 2012” report, which found that only 120,000 positions had been added to the national economy in March.
Prior to the release of EMEA’s latest confidence, inflation, and employment figures, a majority of global economists were unsure of what to anticipate.
Ever since the worldwide economic recession drew to a close in 2008, a series of untimely events have repeatedly shaken Asia Pacific’s financial infrastructure.
Once again, economists waited for the BLS report to determine if the unemployment data for April would be similar to that of March or if it would increase back to numbers seen in early 2012.
According to the BLS’ most recently published “Metropolitan Area Employment and Unemployment” report, which was released on May 2nd, joblessness continued to decease within a majority of the United States’ metropolitan areas in March.
On May 4th, the BLS released its most recent “The Employment Situation” report, which revealed that, for the second consecutive month, private sector hiring was not nearly as extensive in April as it was in January and February.
During the last week of April, the U.S. Department of Commerce released its latest report concerning first quarter 2012 economic growth projections.