HelpWanted.com

Hiring surges as US economy recovers : BLS

Hiring surges as US economy recovers : BLS
The US economy is recovering from a labor market affected by the Omicron variant. A song of this hiring across US surged last month. The Labor Department reported on Friday that payrolls grew by 678,000 in February, exceeding the predictions of analysts of around 440,000 jobs. That is an increase of 200,000 from the previous month. 

The unemployment rate fell to 3.8% as more workers found jobs. This is the lowest jobless rate since February 2020, right before the pandemic took hold of the economy. Expert Nick Bunker says, "There's very strong levels of demand for workers. This year could be one where we, by many metrics, get back to pre-pandemic levels."

Leisure and hospitality companies added 180,000 jobs as more restaurants and bars continue to open. Professional and business services firms added another 95,000 jobs. In the construction and healthcare sectors, 60,000 jobs were added each while the transportation and warehousing sector added nearly 50,000.  Meanwhile, analysts at Morgan Stanley said in a report, "February marked the tenth consecutive month with payroll gains in excess of 400,000, the longest run of such robust job growth on record going back to 1939."

Source: CBS News 
Tags In
Data Science Jobs Apple India

Previous days news

Mar 6 Mar 4 Mar 2 Feb 28 Feb 25

You might also like

Best tech jobs in the United States : BLS data

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Others news
Category
Tags
YUVA Air Transport Jobs Jobs In Education Unemployment In Haryana Kashmir Govt Campus Placement UGC Softskills Jobs For Disabled Social Network Post-COVID Economy Data Entry Jobs Work Struggle Indian Oil Twitter Urban Unemployment Jobs Sectors Latest Jobs In INdia Tier 3 Campus Placements Artificial Intelligence Executives Farming Jobs Digital Nomad Board Exams ESW Tamil Nadu Government STEM Careers Microsoft Haryana Health Dept Ecommerce Skills Job Skills Experience Migrant Workers In India Professionals Uber Concessional Rate Student Life Doctor Posts Hospitality Jobs Gujarat Jobs FICCI International Jobs Resume Online Hiring SAVE Military Communication Sbu Jobs UPSC Political Parties Odisha Govt
Articles

These Companies Are On Holiday Hiring Spree-Are You Ready?

The current unemployment rate in the US stands at 6.7%, which is almost double the rate in February ...Read more

You Think You Have Earned It? Here is How to Ask for a Promotion

Nearly 62% of employees in the managerial levels are satisfied with their jobs. Although they have ...Read more

Know the Work Habits of Highly Effective Employees

The employees are the most valuable assets of any organization. It’s their credibility, efficiency, ...Read more

With Remote Working Being the New Norm, How to Hire the Best remote Workers

Before the advent of the COVID-19 pandemic, about 7 million people in the US alone were working rem ...Read more