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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 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.

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.

Indeed Growth by Function:

SimplyHired discusses that the Bureau of Labor Statistics released May unemployment totals that declined to 9.7%. Private-sector employers added 83K jobs in May, but temporary census jobs ended, shedding 225K workers. CareerBuilder.com reports that private-sector employers added twice the number of jobs in June 2010 compared to May. Private-sector payroll has increased by 600K YTD 2010 compared to 3.7 million job losses at this time last year.

Indeed tracks employment trends by industry each month. Indeed's June 2010 trend by industry survey shows growth in all fields, except real estate. While health care is only up 2% over June 2009, there were nearly twice the number of health care openings (670K) than retail (346K) the next closest industry. The greatest changes were in transportation (a whopping 73%), hospitality (47%) and retail (41%) consistent with recent Who's Hiring articles I publish each Monday.

See more information about industries and metro markets that are hiring ...

( Continued ... Growth by industry and metro area )

Article: http://recareered.blogspot.com/2010/07/june-2010-employment-trends-...
Source: http://recareered.blogspot.com

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Tags: career, career change, career coach, employment, job, job board, job search, recession, recruiter, research, More…trends, whos hiring

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