Latest Job Report Predicts Brighter Days for the Unemployed

unemployedJust days after Punxsatawney Phil, the famous weather-predicting groundhog, pointed to an early spring, the job numbers coming out of the Bureau of Labor Statistics also predicted brighter days for the unemployed.

The unemployment rate dropped to 9 percent, its lowest level since April 2009. The private sector only added 50,000 jobs, but strong manufacturing job growth indicated that there will be more to come. The sector added 49,000 jobs in January.

"When jobs start to be added in the manufacturing sector, that means that jobs will start to be available in a variety of industries and a variety of geographical locations," said Jodi Chavez, senior vice president for Accounting Principles, a division of Adecco, a human resources firm.

The Monster Employment Index, a monthly gauge of U.S. job demand based on online job postings, was up 7 percent year-over-year in January with all 28 metro areas surveyed showing growth. The index showed particularly strong growth in engineering, technology and health care.

-- See Tech Layoffs May Be Over With Industry Poised to Hire

But what does it mean for the average job seeker? It means that the "jobless recovery" should abate soon.

"The average job seeker should feel a little better that there will be more jobs out there," said Nigel Gault, chief U.S. economist for IHS Global Insight, an economic research firm.

In the previous two recessions (in 2001 and 1991), hiring picked up about 20 months after the official end of the recession, according to a 2003 policy paper from the Congressional Research Service, a research body that works for the U.S. congress. The last recession officially ended in June 2009. That makes February 2011 month 20, when job growth should accelerate.

"If you've been out of work for a while -- the number of long-term unemployed has been at historic highs -- when the jobless recovery ends is a time to renew your search, reinvigorate it, because times are getting better on the jobs side," said John Challenger, chief executive of Challenger Gray & Christmas, a Chicago-based outplacement firm.

Areas that will see the most job growth are energy, banking, technology, leisure and hospitality, food service and health care, according to Challenger.

The problem for most people looking for work is that they don't possess the skills necessary to get those jobs. Businesses say they can't find enough qualified people, according to Challenger. Getting trained for new skills will be key for those who want new jobs in 2011.

"If you're looking for certain kinds of jobs that require skills that you don't quite have, tell them [the company you are applying to] that you'd be very happy to go to classes, go to school at night, to learn on the job -- let them know that you'd be happy to gain those skills," Challenger advised.

The work force is split between those with skills who are getting paid more and those without who feel pressure on wages, according to Bill Driscoll, district president for New England at Robert Half International, a recruiting and staffing firm. Robert Half predicts salaries in technology will increase 5 percent this year while salaries in finance and accounting will increase 3 percent.

Chavez said that temporary employment will also be fertile territory for job seekers in February and March 2011,

-- See Wall Street Upheaval Creates Role For Temps

"If you are unemployed, look for temporary services that cater to your industry or skill set," Chavez said.

While the economy is still more than three years away from reaching pre-recession employment levels, according to Challenger, the growth this month in manufacturing indicates strong short-term opportunities for a number of workers -- especially in the automotive sector.

"That's Detroit, which needs to see recovery," Chavez sai. "There's a lot of sub-contractors and vendors supporting auto manufacturing. That's nationwide. And from there you'll see professional services -- companies will start to grow again, which means increases in administrative costs: human resources, marketing, finance and accounting, sales and IT."

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mrskrip

manufacturing ???? now i'm laughing .... does any one remember that our government made places that make hamburgers a manufacturing facility .. yep ,
so were creating minimum wage jobs ..i hope every one is jumping up and down with joy as our government is patting them selves on the back ...

February 07 2011 at 4:49 AM Report abuse rate up rate down Reply
LT

So comforting to see our government is lying through their teeth yet again, we can always count on that! Pay needs to be cut for congressman and senators, but that will never happen, of course. Most government employees re grossly over paid, and we get all lies back from the bastards. Our government is becoming nearly as corrupt as it is in the Philippines & Japan, its catching up fast, especially now with Black Obummer disgracing the White House. I would not be surprised if the US has a huge revolt in the near future, like in Egypt. Maybe that is what it will take to bring about real change. This country will NEVER be as great again as it once was, its falling apart too quickly and too badly. Look throughout history, and ALL great kingdoms had their heyday and fell, from the Roman and Greek Empires, to Babylon, etc., etc. The US has had its time, and now it is also falling. Wait & see.

February 07 2011 at 2:54 AM Report abuse rate up rate down Reply
Lon nie

Thank you, Honorable Mr. Barrack Obama, Honorable Nance Pelosi, Honorable Harry Reid and the other Honorables that continue to maintain their lavish uninterupted lifestyle. I do hope that the final pennies that are drained from Americans will go to shore up your staff because you desparatley need that many people to make poor decisions. (Just think we could have one stupid representative instead of 435 stupid ones and save mega bucks. Further, we could have on stupid Senator instead of 100 stupid Senators. This again would save quiet a large sum of money.) However, this is to simple and year after year those of you who just commented how bad our government is will continue to put their local man in office because he is gonna bring home the beans. Just think Ibama and the other sick dumos continue to tell us how we are gonna builds roads, bridges and other infrastructure in order to put Americans to work. That be those beans the local man got his name by. Now consider once this infrastructure is built where will it lead? I do not think it will lead to a job because those jobs are located in others countries. So there will be no road to China. (Fret not Ibama is there to save the day. Remember all you who voted for this absolute and complete moron, he is making change. Thank you.) Ibama will deliver us, from our newfound problems once the roads and infrastructure are complete. He will then determine that Americans need new houses and will provide us with all the tools to build us a new house. (By this time all you who continue to praise this piece of crap human will have changed the law so he can remain in office for as long as he wants.) Oops, lets scrap the new house because we can not afford it. The new plan is for Americans to become more United. Ibama will then declare the all families shall never be single families again. We shall all cohabitate with another family in order to reduce waste, except of course those that run the country, Ibama, Pelosi, Ried. I am tired now but I think you get the gest of where we are headed. To Ibama land. His change shall take care of us all. There will on the date that Ibama is elected President until his death, be a declaration that no American has to work. All Americans shall not have to work because there shall be no jobs for them. This of course is not unemployment. Instead it is called funtime in Ibama land.

February 07 2011 at 12:27 AM Report abuse rate up rate down Reply
Patricia,,,,,

I wonder if anyone had the same thing happen to them that happened to me. I lost my job back in May. Then my ex employer lied so that I couldn't collect unemployment. When I appealed it the judge sided with my ex employer of course. So I got no unemployment..I'm still looking for work really sucks that a company can get away with that..

February 06 2011 at 11:59 PM Report abuse rate up rate down Reply
tom

Yeah, Brighter Days. The Sun stays out about a minute longer every day, but you're still unemployed.

February 06 2011 at 11:46 PM Report abuse rate up rate down Reply
John

The only reason the unemployment rate dropped is because the 99 weeks are up for many, so they don't count for all the people filing for unemployment. I would say to be the right term should be 9% of the labor force are filing for unemployment. The unemployment rate is so much higher than what they claim. Besides, how can it go down when foreclosures are still high, construction isn't even close to being back to normal as well as the real estate market. What a bunch of BS they try to throw at us.

February 06 2011 at 11:42 PM Report abuse rate up rate down Reply
TMS

Sure 49,000 JOBS at WENDY'S---MICKEY D'S, BURGER KING---WE'RE NOT STUPID!!!

February 06 2011 at 9:39 PM Report abuse rate up rate down Reply
exoticdoc2

The nine percent number is a sham. It largely reflects the people who have given up and are not longer even looking for work. The Obamanation trying to pull rose colored glasses over our eyes.

February 06 2011 at 7:48 PM Report abuse rate up rate down Reply
tennisracket53

Yeah, Right! Please

February 06 2011 at 7:33 PM Report abuse rate up rate down Reply
beau

UNEMPLOYMENT GOING DOWN !!! NO WAY!!! ITS THE OBAMA STATISTIANS LIEING!!!

IM OUT NOW FOR 4.5 YEARS.. AND WITH NO REOCOVERY SEEN.. IM LOOSINGMY HOME AND WILL BE ON THE STREET ON WELFARE..

February 06 2011 at 7:04 PM Report abuse rate up rate down Reply

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