Randstad Employment News Brief: February 2013
US Economy Adds 157,000 Jobs in January
Many economists are anticipating 2013 will be the year to deliver real progress towards broad-based recovery and prosperity, and several economic levers are lining up to that expectation. When it comes to job growth, the Labor Department reported 157,000 jobs were added this month which left the nation’s unemployment rate relatively unchanged at 7.9 percent. The private sector continued to be a key growth driver, primarily within retail, construction, and healthcare. Employment in retail rose by 33,000 in January, compared with an average monthly gain of 20,000 in 2012. Construction added 28,000 jobs this month primarily within specialty trade contractors (+26,000). And, healthcare continued to add jobs rising 23,000 bringing its year-over-year increase to 320,000.
Job growth is one aspect to overall economic health, but several other factors will influence this year’s overall pace of recovery, including unemployment claim activity, housing market rebound, increased energy and manufacturing production, and overall consumer sentiment.
Read the full February 2013 Employment News Brief and other workforce insights at www.randstadusa.com/workforce360.US