Industryweek Com Sites Industryweek com Files Uploads 2012 07 Employment On The Rise Graphic 1
Industryweek Com Sites Industryweek com Files Uploads 2012 07 Employment On The Rise Graphic 1
Industryweek Com Sites Industryweek com Files Uploads 2012 07 Employment On The Rise Graphic 1
Industryweek Com Sites Industryweek com Files Uploads 2012 07 Employment On The Rise Graphic 1
Industryweek Com Sites Industryweek com Files Uploads 2012 07 Employment On The Rise Graphic 1

Employment on the Rise

Feb. 4, 2012
The U.S. economy has completed its recovery from the last recession in the late 2010; however, unemployment remains stubbornly high. The December non-seasonally adjusted unemployment rate was 8.3%. This number is 0.8 percentage points below last year but ...

By Will Skebey, ITR Economics

The U.S. economy has completed its recovery from the last recession in the late 2010; however, unemployment remains stubbornly high.

The December non-seasonally adjusted unemployment rate was 8.3%. This number is 0.8 percentage points below last year but still 2.5 percentage points above the historical average rate.

Even though the unemployment rate is always something to be concerned about, the actual number of those employed can provide a clearer picture of the status of the labor market. In 2011, average employment (not seasonally adjusted) was around 139.9 million people or 0.6% above 2010.

The following are the number of employed for several key sectors of the economy and the year-over-year percentage change from 2010 to 2011:

Budget problems at the federal, state and municipal levels continue to weigh on government employment. Construction employment is unchanged from the year-ago level, but this is a positive sign considering the previous four years saw construction employment decrease significantly.

The other segments indicate employment grew from their 2010 levels. As overall employment rises in 2012, the U.S. economy will continue to improve.

Popular Sponsored Recommendations

Four Common OT Cybersecurity Pitfalls for Manufacturers

April 4, 2023
For the last six years, Dragos has leveraged their Professional Services team to develop an on-the-ground understanding of the realities facing the industrial community and to...

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!