Randstad Employment News Brief: September 2012
Read the full September 2012 Employment News Brief and other workforce insights at www.randstadusa.com/workforce360.
On the heels of the Presidential debates where job creation was a main focus, the September employment report surprised many with a significant decline in the unemployment rate, despite relatively tepid job growth. The economy added 114,000 jobs this month, but it was the 7.8 percent unemployment rate that stood out – dropping below 8 percent for the first time since 2009. The decrease is partly attributed to more people counting themselves as employed after taking on part-time jobs. Private-sector employment added 104,000, largely led by healthcare (+44,000), transportation and warehousing (+17,000) and finance and accounting (13,000).
The moderate pace of job growth and little progress making up losses from the economic downturn is why the issue of job creation continues to be a heated and central theme among the Presidential race. The remainder of the year is expected to continue growing, albeit at a slower pace.