Jobs Report for January 2012 Reveals US Economy Added 243000 Jobs

Led by widespread job growth in the private sector, ‘THE EMPLOYMENT SITUATION – JANUARY 2012’ report released today by the U.S. Department of Labor’s Bureau of Labor Statistics reveals total nonfarm payroll employment added 243,000 jobs in January 2012 while the unemployment rate decreased to 8.3 percent and the number of unemployed persons fell to 12.8 million. The Employment Situation for January 2012 will be available at http://www.bls.gov/news.release/pdf/empsit.pdf  until the Employment Situation for February 2012 is released Friday, March 9, 2012.

The report showed the unemployment rate declined by 0.2 percentage point in January 2012 to 8.3 percent and has fallen by 0.8 point since August 2011. While total nonfarm payroll employment rose by 243,000 in January 2012,  private sector employment grew by 257,000 jobs, with large employment gains occurring in professional and business services, manufacturing, and leisure and hospitality. Other key findings of ‘THE EMPLOYMENT SITUATION – JANUARY 2012’ include:

  • Professional and business services employment added 70,000 jobs in January 2012, with nearly half of the increase, 33,000 jobs, occurring in employment services.
  • Manufacturing employment added 50,000 jobs in January 2012, with nearly all of the increase occurred in durable goods manufacturing, which has added 418,000 jobs over the past two years.
  • Leisure and hospitality employment increased by 44,000 jobs in January 2012, with food services and drinking places adding 33,000 jobs. Since a recent low in February 2010, food services has added 487,000 jobs.
  • Health care employment added 31,000 jobs in January 2012, with hospitals and ambulatory care services each adding 13,000 jobs.
  • Construction employment increased by 21,000 jobs in January 2012, following a gain of 31,000 jobs in the previous month. Over the past two months, nonresidential specialty trade contractors added 30,000 jobs.
  • Retail trade employment continued to trend up with a gain of 19,000 jobs overall in January 2012 and has added 390,000 jobs since an employment trough in December 2009.
  • Wholesale trade employment increased by 14,000 in January 2012. Since a recent employment low in May 2010, wholesale trade has added 144,000 jobs.
  • Mining employment added 10,000 jobs in January 2012, with 8,000 of those jobs in support activities for mining. Since a recent low in October 2009, mining employment has expanded by 172,000 jobs.

On the negative side, employment in information declined by 13,000 jobs in January 2012, including a loss of 8,000 jobs in the motion picture and sound recording industry. While government employment changed little in January 2012, the sector has lost 276,000 jobs over the past 12 months, with declines in local government, state government, and the U.S. Postal Service.

In addition, the change in total nonfarm payroll employment for November 2011 was revised from an addition of 100,000 jobs up to 157,000 jobs, while the change for December 2011 was revised from an addition of 200,000 jobs up to 203,000 jobs. The Employment Situation for February 2012 will be released on Friday, March 9, 2012.

A gain in employment figures also usually means a rise in the need for pre-employment background checks of job applicants by employers. For more information on background checks to protect employers, employees, and the public, visit Employment Screening Resources (ESR) – ‘The Background Check AuthoritySM’ and nationwide background screening firm accredited by the National Association of Professional Background Screeners (NAPBS®) – at http://www.esrcheck.com/ or call ESR at 415.898.0044.

Source:
http://www.bls.gov/news.release/pdf/empsit.pdf.

About Employment Screening Resources (ESR):
Employment Screening Resources (ESR) – ‘The Background Check AuthoritySM – provides accurate and actionable information, empowering employers to make informed safe hiring decisions for the benefit for our clients, their employees, and the public. ESR literally wrote the book on background screening with “The Safe Hiring Manual” by Founder and CEO Lester Rosen. ESR is accredited by The National Association of Professional Background Screeners (NAPBS), a distinction held by less than two percent of all screening firms. By choosing an accredited screening firm like ESR, employers know they have selected an agency that meets the highest industry standards. For more information about Employment Screening Resources (ESR), visit http://www.esrcheck.com/ or call 415.898.0044.

About ESR News:
The Employment Screening Resources (ESR) News blog – ESR News – provides employment screening information for employers, recruiters, and jobseekers on a variety of topics including credit reports, criminal records, data privacy, discrimination, E-Verify, jobs reports, legal updates, negligent hiring, workplace violence, and use of search engines and social network sites for background checks. For more information about ESR News or to send comments or questions, please email ESR News Editor Thomas Ahearn at tahearn@esrcheck.com.

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