U.S. Job Creation Stagnant in August, Yet Some Industries Maintain Strong Hiring Activity
Beyond.com’s First Employment Data Report Analyzes Key Challenges and Positive Trends for the Job Market
PHILADELPHIA-September 08, 2011-Beyond.com, the premier Career Network focused on helping people grow and succeed, today released its first Employment Data Report [Infographic], which provides a timely assessment of recent economic and political events that have had an impact on the employment world. Released in conjunction with Beyond.com’s recently released Second Quarter 2011 Career Trend Analysis Report, this first Employment Data Report examines job posting volume from January 2011 to August 2011, compared with the Bureau of Labor Statistics (BLS) unemployment rates.
The Employment Data Report explores the possibility that the U.S. could face a double dip recession and considers the role of political events and economic instability on the job market. After an encouraging start to the year, unemployment numbers have continued to rise as the economy failed to add as many jobs as expected in June and July. During that same period, the nation’s economy has been threatened by a debt crisis and the subsequent Standard & Poor’s (S&P) credit downgrade.
In spite of the obvious challenges, the Employment Data Report notes some industries that increased hiring activity in the second quarter, including Healthcare, Sales & Sales Management, Merchandising, Purchasing & Management and Information Technology. The report also highlights some new job titles that have emerged, particularly in the IT and Environmental fields, as a result of new technologies and demands.
“Ahead of President Obama’s speech addressing the jobs crisis on Thursday, many are already fearing that we’re headed toward another recession, fueled even more by last week’s Department of Labor report indicating that job creation was at halt in August,” said Rich Milgram, CEO at Beyond.com. “While these fears are real, there are still some bright spots in the employment market and our data pinpoints industries and specific careers that job seekers should have on their radar to ensure they’re taking advantage of the opportunities and growth sectors that are out there today.”
View the complete Employment Data Report for September 2011.
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