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Reflective of the February 2011 National Jobs Report from the Bureau of Labor Statistics ECONOMIC DATA As of March 2011

Economic Data March 2011

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Page 1: Economic Data   March 2011

Reflective of the February 2011National Jobs Report from theBureau of Labor Statistics

ECONOMIC DATA

As of March 2011

Page 2: Economic Data   March 2011

PRIVATE AND TEMPORARY GROWTH CONTINUES

2

JOBS GAINED IN FEBRUARY

UNEMPLOYMENT RATE

WORST UNEMPLOYMENT RATE SINCE

192,000

8.9%

1983*Current recession excluded

Page 3: Economic Data   March 2011

UNEMPLOYMENT RATE DECREASES TO 8.9%

3

0.0

2.0

4.0

6.0

8.0

10.0

12.0

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09F

eb-0

9M

ar-0

9A

pr-0

9M

ay-0

9Ju

n-09

Jul-0

9A

ug-0

9S

ep-0

9O

ct-0

9N

ov-0

9D

ec-0

9Ja

n-10

Feb

-10

Mar

-10

Apr

-10

May

-10

Jun-

10Ju

l-10

Aug

-10

Sep

-10

Oct

-10

Nov

-10

Dec

-10

Jan-

11F

eb-1

1

Un

emp

loym

ent

Rat

e %

Source: Labor Department

Page 4: Economic Data   March 2011

TWO YEARS IN UNEMPLOYEMENT DATA

4

Source: Washington Post

Page 5: Economic Data   March 2011

A LOOK AT MONTHLY JOB CHANGES

5

Source: US News & World Report

Page 6: Economic Data   March 2011

THE POTENTIAL PACES OF RECOVERY

6

Source: WashingtonPost.com

Page 7: Economic Data   March 2011

AVERAGE LENGTH OF UNEMPLOYEMENT

Source: WallStreetJournal.com

Page 8: Economic Data   March 2011

Leis

ure

& H

osp

italit

y

Const

ruct

ion

Man

ufa

cturi

ng

Reta

il Legal

Acc

ou

nti

ng

Arc

hit

ect

ure

/Engin

eeri

ng

Fin

an

cial A

ctiv

itie

s

IT/T

ech

nic

al

Healt

hca

re

Tem

pora

ry

+33

+21

+33

-8.1 -2.9 -2.3+3.1 +3

+10.8

+34.3

+15.5

SECTOR CHANGES FOR FEBRUARY

In thousands

Page 9: Economic Data   March 2011

8.9%

4.3%

7.8%

9.5%

13.9%

National average

College educated

Some college

High school diploma

Less than high school

EDUCATION CONTINUES TO BE THE JOB SEARCH DIFFERENTIATOR….

Page 10: Economic Data   March 2011

7.1%7.3%

7.5%7.9%

8.2%8.3%

8.4%8.5%

8.7%8.8%

9.4%9.9%

10.2%11.1%

11.7%11.8%

14.9%

Boston

Milw aukee

Baltimore

Dallas

New York

Houston

Philadelphia

Cleveland

Chicago

Seattle

St. Louis

San Francisco

Atlanta

Detroit

Los Angeles

Miami

Las Vegas

METROPOLITAN UNEMPLOYEMENT SNAPSHOT

Page 11: Economic Data   March 2011

Source: NYTimes.com

COMPARING RECOVERIES: JOB CHANGES

Page 12: Economic Data   March 2011

Source: NYTimes.com

SPOTLIGHT ON MANUFACTURING

Page 13: Economic Data   March 2011

ere

DECREASING JOBLESS CLAIMS

Page 14: Economic Data   March 2011

Source: NYTimes.com

PRIVATE SECTOR GROWS WITH THE LAG OF THE PUBLIC SECTOR

Page 15: Economic Data   March 2011

The February jobs report shows real signs of recovery yet economists worry of shaky economic ground with rising oil prices and Middle East unrest …

Opportunities• The unemployment rate drop to 8.9% marks the third month of increasing

employment• Temporary jobs rebounded from January’s losses adding 15,500 jobs• The private sector gaining 222,000 jobs in February indicates increasing strength

outpacing the public sector• The report included revisions increased hiring numbers for both December and

January

Weaknesses• Economists expect the unemployment rate might rise again before steadily falling• The average work week remained stagnant at 34.2 hours• Certain sectors remain stronger than others, while construction and

manufacturing added jobs in February, the overall strength of the industry is depleted following the recession

IN SUMMARY