The workplace economy

  Job loss higher than expected, but glimmers of hope remain.
 

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Job growth = -85,000

Unemployment rate = 10.0%

Average hourly earnings
= +$0.03

Average work week
= 33.2 hours


Our outlook
December’s job report had higher-than-expected job losses, but the unemployment rate held at 10.0%. More positive news was found in the professional services sector, which added 50,000 jobs, 47,000 of which were in the professional services sector.
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Sector watch


Regional insights

Please select the appropriate month below.

The news

White House issues tax breaks for green manufacturing.
President Obama recently announced $2.3 billion in tax credits for clean energy manufacturing as a way to stimulate job growth.
our analysis

Is the end of the recession near?
How important is job loss or gain to the end of the recession?
our analysis

Increasing the skill sets of employees.
Many experts suggest that individuals learn new skills and employers offer opportunities for training. Is there a benefit to this?
our analysis


CEO insight


“I don't see this as a setback. We're still on the right trend here."
– Tig Gilliam, CEO, Adecco Group North America, CNN.com 1/8/2010