Work It: Labor Market Sees a Little Sunshine

Labor Market

While last week's unemployment news was, let's say, less awesome than we had all hoped, some bright spots did emerge. Among them were figures on state-by-state initial unemployment claims for late December. The picture was slightly cloudy--Pennsylvania saw 9, 653 new filers, due largely to construction and transportation sector layoffs--but there were finally encouraging signs. The much-battered Golden State, California, for example, had 23,160 fewer people filing for unemployment that week than it did the one prior. Part of the dip was because of a shorter workweek, but there were also considerably less layoffs in fields such as construction and the service industry. True, this happy trend might not last, but for a labor market that's been desperate for good news, this seems like the right moment to savor some.

Infographic: Rob Vargas

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1 Comments

  • Dawn Rose

    This is interesting!
    “It’s encouraging to see some signs of optimism in the job market,” says Derek Pilcher, Managing Director of The Ladders.co.uk
    “The fact that twice as many senior management surveyed this year say they plan to hire compared to six months ago, is a clear signal of changing attitudes. It’s also interesting to see that whilst the public sector has been earmarked for many major cutbacks, those in the private sector still believe government holds some of the most secure job prospects in 2010.”

    The percentage of British bosses who believe the best job security rests in the following sectors in 2010:
    Government32.5%
    Healthcare30.2%
    Education20.6%
    Pharmaceutical20%
    Technology18.9%
    Food and Beverage18.8%
    Medicine18.7%
    Utilities16.3%
    Telecommunications13.7%
    Chemicals and Petroleum13.1%
    Internet9.7%
    Entertainment7.4%
    Science / R&D5.7%
    Finance / Insurance5.5%
    Transportation and Logistics5.1%
    Media4.6%
    Manufacturing 4.5%
    Retail4.5%
    Advertising, marketing, PR4.5%
    Consumer / packaged goods3.7%
    Travel & Tourism2.7%
    Industrial products2.3%
    Automotive1.5%

    - Ends -

    The study of 3128 senior executives in the UK was conducted in October / November 2009.