Employment Summary for January 2015

 

Employment data released by the Bureau of Labor Statistics Friday, February 6, 2015, shows strong data.  Employment increased by 257,000 and increases were seen in retail trade, construction, health care, financial activities and manufacturing. However, the total unemployment rate was unchanged remaining at 5.7%. The great news is that there were more numbers in the labor force in January. More people are looking for work now as they see others get employment. Since Nov. 1, employers have hired more than one million new workers, the best performance over a three-month period since 1997. More jobs were created in 2014 as a whole than in any year since 1999.

The long-term unemployed, people who have been jobless for more than 27 weeks were at 2.8 million in January 2015. Over the last twelve months, the number of long-term unemployed is down by 825,000.

Part-time labor force, was at 6.8 million essentially unchanged in January. Also, people marginally associated with the labor force, meaning that they do want to work and are available for work but are not considered unemployed as they have not looked for jobs for at least 4 weeks were down 358,000 and at 2.2 million. In this group, the discouraged workers were down by 155,000 from a year earlier.

Job growth was seen in retail, construction, health care, financial activities and manufacturing. Employment in other major industries, including mining and logging, transportation and warehousing, information, and government showed little change.

So the employment numbers look great and shed an encouraging light on the job market potential for 2015. As job seekers get ready to seize the labor market you can look to America’s Job Exchange for assistance. Get ready by sharpening your skills or acquiring new ones. Also, register with www.americasjobexchange.com to upload your resume to a database that is widely accessed by hundreds of employers looking for talent. You can also avail of our resume writing services. Additionally there are a wealth of seeker resources on our site like blogs and career articles and education resources and job scouts that you can access for a successful and fulfilling job search experience!

 

 

 

 

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