April 2014 Jobs Report

Posted by admin on May 2, 2014 3:07:46 PM

The U.S. unemployment rate is the lowest it’s been in five and a half years. By the end of April unemployment rate fell to 6.3% from the 6.7% rate in March, far exceeding forecasts.

Employers added 288,000 jobs in April, blowing away economists’ prediction of 218,000. For the last three months the average number of jobs added was 238,000, while for the previous three it was 167,000, indicating that job creation is accelerating.

The business services sector added the most jobs, 75,000, which is 20,000 more than the industry’s 12-month average. The higher-paying industries of manufacturing and construction gained 12,000 and 32,000 respectively. Employment also increased in the healthcare industry.

Professional and technical services, which include accounting and engineering positions, gained 25,100 jobs.

All in all, whether April’s numbers are “catch-up” from the brutal winter months or the numbers are indeed a true measurement of growth, Aril’s numbers are a welcome change from the somewhat dismal and stagnant growth of the previous months. 

Topics: Staffing & Recruiting, Human Resources

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