Staffing Firms Added 14,700 Jobs in December 2014
Staffing firms created 14,700 new jobs in December, up 0.5% from November and 7.8% from December 2013, according to seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. Year-to-year staffing job growth averaged 8.7% in 2014, compared with 6.4% in 2013.
Non-seasonally adjusted BLS data, which estimate the actual number of jobs in the economy, indicated that temporary help employment decreased 0.2% from November, yet increased 7.6% from the same month last year.
Total U.S. nonfarm payroll employment rose by 252,000 jobs in December (seasonally adjusted), BLS reported. Incorporating revisions for October and November, monthly job gains averaged 289,000 over the past three months. In 2014, job growth averaged 246,000 per month, compared with 194,000 per month in 2013.
The unemployment rate declined 0.2 percentage point in December to 5.6%. In 2014, the unemployment rate declined 1.1 percentage points.
An improving job market is the driving force behind a rebound in American consumer confidence that will probably help propel faster economic growth in 2015.
Law Day IV - February 12, 2015, Livingston, NJ
Executive Leadership Conference - April 23-24, 2014 The Borgata Hotel & Casino, Atlantic City, New Jersey
Consumer Confidence is Up
The Bloomberg Consumer Comfort Index (COMFCOMF) increased to 43.6 in the week ending Jan. 4, the highest level since October 2007, from 42.7 the period before, according to data issued today. Another report showed fewer workers filed for unemployment benefits last week, indicating employers are holding on to seasonal hires.
Fewer dismissals, cheapest gasoline prices in more than five years, and the lowest mortgage rates since mid-2013 are helping grow that confidence in the economy.
Plan to attend NJSA's LAW DAY IV
February 12, 2015
Eisenhower Conference Center
Register Online Today!
Here's a great chance to hear from top speakers on the topics that matter most to you and our industry.
- Robert Kulick, Regional Administrator, Region II
- David Sprong & Timothy Szuhaj, Becker Meisel
- Nick Florio, CPA, Partner, Citrin Cooperman
- LaTanya James Rouse, ASA Assistant General Counsel
- Helen Konrad, Esq., McCandish Holton P.C.
For complete bios and detailed conference, download
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If you have overlooked your dues invoice, please call the NJSA office at 973-283-0072.
Our mission is to be the advocate for the success and growth of NJSA members and the New Jersey staffing industry through leadership in legislation, education, ethics and professional business practices.
For additional information about any items in this Monday Morning Memo, or to learn more about membership in the New Jersey Staffing Alliance, please contact us at 973-283-0072 or email firstname.lastname@example.org. Our website is http://www.njsa.com. Thank you.