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Breathing a sigh of relief at the job numbers

classified2“What’s so great about the loss of 345,000 jobs?” you ask. It’s indicating that job loss is no longer in the free fall we’ve been seeing since Fall 2008.

In last month’s post on the national employment numbers, I said if the number of jobs lost in May is less than what was lost in April, that it could signal a road to recovery.

Well guess what? Not only is the number of the job losses a lot smaller than experts predicted, it’s also about 160,000 less than what was lost in April (-504,000) and more than 300,000 less than what was lost in March (-652,000).

“But the unemployment rate jumped to 9.4%,” you say. Remember: The unemployment rate is a lagging indicator of the economy. That’s why we look so closely at the number of jobs lost versus the unemployment rate. Consumer confidence, business investment and consumer spending usually recover ahead of the job market.

Read today’s New York Times article on the job loss numbers and what they really mean. They have a great interactive graphic that explains this in detail in an easy to understand format.

Yes, there are still declines and yes, we will continue to see more, but there are areas that are showing some signs, albeit small, of growth. Health care, social assistance and ambulatory health care services had the strongest growth in jobs, adding 24,000, 18,000 and 13,000 respectively. And there were sectors that saw small growth including:

  1. Food service and drinking places: 9,000 jobs
  2. Local government: 8,000 jobs
  3. Educational services: 8,000 jobs
  4. General merchandise stores: 7,000 jobs
  5. Transit and ground transportation: 6,000 jobs
  6. Accounting and bookkeeping services: 6,000 jobs
  7. Nursing and residential care facilities: 6,000 jobs
  8. Performing arts and spectator sports: 4,000 jobs
  9. Department stores: 5,000 jobs
  10. Leisure and hospitality: 3,000 jobs
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WILLIAM CADENILLA

Further to the findings listed in your post about the small growth in some sectors, I would like to share to you and your readers what companies are hiring.

For two weeks, I have confirmed and listed in my blogs more than 280 jobs in New York City and more than 200 jobs in Los Angeles, California. The companies hiring listed below are accompanied by the dates I posted the jobs. (See calendar along the sidebar of the sites below.)

NYC jobs – go to http://www.ChowJOBS.com
7 jobs at the Securities & Exchange Commission – 6/6
88 jobs at AIG – 6/4
31 jobs at Macy’s – 6/3
19 jobs at Verizon – 6/2
9 jobs at Dell – 6/1
14 jobs at Google – 5/31
8 jobs at Yahoo! – 5/30
8 jobs at Comcast – 5/29
3 jobs at The New York Times – 5/28
6 jobs at Penguin – 5/27
23 jobs at MTV – 5/26
14 jobs at Fox News – 5/25
30 jobs at HBO – 5/24
22 jobs at Walt Disney – 5/23

LA jobs – go to http://www.ChowJOBS-losangeles.com
4 jobs at Kaiser Permanente – 6/6
5 jobs at AIG – 6/4
12 jobs at Macy’s – 6/1
20 jobs at NBC Universal – 6/2
7 jobs at Verizon – 6/1
9 jobs at Dell – 5/31
8 jobs at Coca-Cola – 5/30
12 jobs at Comcast – 5/29
22 jobs at the Hilton – 5/28
11 jobs at Siemens – 5/25
55 jobs at JP Morgan – 5/24
8 jobs at Napster – 5/23
2 jobs at Aerosup – 5/21
28 jobs at Bank of America – 5/20

All of these companies are hiring experienced and non-experienced professionals with qualifications from a wide variety of fields, including accounting, sales, information technology, and many others.

GOOD LUCK TO ALL!

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