NewsStaffing Employment Growth Accelerates in November 2006
America’s staffing companies added 5,200 jobs to their payrolls in November, according to data released Friday by the U.S. Bureau of Labor Statistics. Temporary help employment was up 4.8% over the same month last year—an acceleration from October’s year-over-year growth rate of 4.5%.
While this month’s job gain, as reported by BLS, was modest, recent anecdotal comments from industry firms and the “beige book” (released by the Federal Reserve Board last Wednesday) have indicated that hiring for the season has been stronger than in previous years and better than this month’s estimate by BLS might indicate. BLS revisions in coming months may closer approximate industry experience and expectations.
The report for November also included a downward revision to October’s temporary help employment figure, reducing the initial estimate by more than 15,000 jobs and adjusting the year-over-year growth rate for the month from 5.1% to 4.5%.
“Employment rose in November (+215,000), following two months when job growth was held down by the direct and indirect effects of the hurricanes that struck the Gulf Coast,” reported BLS commissioner Kathleen P. Utgoff. Job growth occurred in several industries, including construction, education and health services, food services, and several sectors within the professional and business services industry.
The unemployment rate remained steady at 5.0%. Average hourly earnings increased by three cents to $16.32—up 3.2% over the same month last year.
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