Prior to the release of the BLS’s “The Employment Situation – February 2012” report, President Barack Obama established a positive tone as he spoke about the national economy during the first week of March.
“Over the last two years, we’ve created over 3.5 million jobs, just in the private sector,” said Obama. “Manufacturing is stronger than it’s been since the 1990s. We’ve now had 10 consecutive quarters of growth.”
Yet, once the BLS’s latest jobs report was published on March 10th, President Obama had even more reasons to feel optimistic about the national economy’s current path towards eventual full-fledged recovery.
According to the report, 227,000 new jobs were generated in February, surpassing many economists’ predictions that roughly 210,000 jobs would be created. Additionally, the BLS revised its previous two jobs reports, as it found that 20,000 and 41,000 more jobs had been created in December and January than had originally been acknowledged. In all, 245,000 new jobs, on average, have been added to the economy on a monthly basis since December.
Meanwhile, the national unemployment rate remained at 8.3 percent in February. With a decline of 0.6 percent since last October, such a rapid decrease has rarely been recorded since the beginning of the post-World War II era. Additionally, only 6,000 jobs were lost in the public sector, a significant decline when one considers that nearly 20,000 public jobs were lost last December alone.
For the second straight month, United States private sector job growth was prevalent in a wide range of industries, especially professional and business services, manufacturing, and healthcare. Overall, 233,000 Americans were hired within the private sector throughout February, as the sector’s monthly job growth has now surpassed 200,000 for three successive months.
The following sector insights were also provided in this month’s edition of the BLS’s “The Employment Situation” report
When it comes to finding a top IT job, not all cities are created equal. Some have weathered the recession better than others, and some are adding more jobs as industries bounce back. According to a recent report from Modis IT Staffing, the cities profiled here rank highest for tech professionals looking to get hired. And they're not just hubs for IT jobs. Five of the metro areas listed have overall unemployment rates under 8 percent. And many of the IT positions available are being driven the kinds of activities that make companies profitable like product and service development, Modis finds. The list was developed weighing factors including job openings and overall economic health. Here we take a look at the top 10.
Robert Half Technology, a national recruiting firm that conducts quarterly surveys of CIOs , said Wednesday that 8% of the 1,400 CIOs it interviewed by telephone this quarter plan to expand their IT departments in the second quarter, while 5% expect cutbacks.
This leaves a net hiring gain of 3%, which John Reed, executive director of the recruiting firm's tech division, said is in the normal hiring range, though a decrease from the first quarter's net gain in hiring of 10%. Reed attributed the strong first quarter figure to new budgets and projects.
IT hiring overall has been gaining, according to two different reports based on U.S. Department of Labor hiring data.