Press release
ADP predicts 38,000 new jobs in May, EmploymentCrossing finds 146,000 jobs.
Small and medium sized businesses kept adding jobs in substantial numbers. But it was layoffs from large businesses and manufacturing that brought down the total number. ADP’s data came from its U.S. business clients, which averaged over 340,000 business employing 21 million Americans.
The total number of new jobs created since November has grown to 765,000. There are just under 139 million Americans in the labor force. But the participation rate has dropped to a low 64.2 percent. This is the lowest rate since 1984. When this factor is taken in account, the drop in the unemployment rate does not look that impressive.
The ratio of job seekers for every job opening is 4.3 to 1. Job openings are also still running 35 percent below the pre-recession high. Labor participation rates are falling across all major demographic groups. For men over the age of 20, it’s now 74 percent compared to the peak of 89 percent in 1952.
The explanation given for this is that a lot of factory jobs which did not require a college education have disappeared. Some of the workers who have left the workforce are now getting by on government benefits, including being on disability. These people could previously work because of accommodations but now cannot find employers willing to do that. The share of women and teenagers looking for work has fallen too.
EmploymentCrossing, a job aggregator site, has been able to find over 146,000 jobs in just a day. The sectors with the most jobs on EmploymentCrossing are healthcare (24,000+), managerial (22,000+), information technology (20,000+), and retail (17,000+).
EmploymentCrossing is part of the Employment Research Institute, which is one of the most powerful and comprehensive organizations dedicated to helping professionals find jobs that will enhance their careers. Employment Research Institute consists of hundreds of industry-specific and location-specific job boards which consolidates every job opening it can find in one convenient location. The website also offers a seventy two-hour free trial to new members.
Roger Croft
Address : 202 S Lake Ave, Unit 250
City/Town : Pasadena
State/Province : California
Zip : 91101
Country : United States
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