EmploymentCrossing

Employmentcrossing Break the Myth of Fear of Another Recession, Finds over 80,000 Jobs in US

Economists were expecting a growth of about 100,000 jobs and now they fear another recession might hop in. There hasn't been much growth in the average jobs with only 72,000 jobs been added in the last three months

 

Pasadena, CA -- (SBWIRE) -- 09/07/2011 -- According to the ADP National Employment Report, private non-farm employers supplemented 91,000 jobs to their payrolls in August. This has said to have brought the total employment level above by 1.52% from that of August 2010.

Economists were expecting a growth of about 100,000 jobs and now they fear another recession might hop in. There hasn't been much growth in the average jobs with only 72,000 jobs been added in the last three months.

ADP's statistics state that the service sector created 80,000 jobs while the goods sector gained 11,000 jobs. The manufacturing sector is down by 4,000 jobs in August. Small businesses with fewer than 50 employees gained 58,000 jobs in this month. Medium-sized firms between 50 and 499 employees added 30,000 jobs and large firms with more than 500 employees gained just 3,000 jobs.

The ADP report suggested that the labor market detained against a dejected backdrop in August. Many estimate that payroll employment declined in August because of deteriorating business sentiment, worries about the economic dispute in Washington and unsettling dangles in the stock market.

EmploymentCrossing is breaking the myth that another recession might creep in. It has been able to track over 80,000 jobs in US. It also lists 12,000+ jobs each in healthcare and information technology sector while 11,000+ managerial and 8,000+ blue collar jobs are available in the state. You get an option of searching for profession specific jobs as well as geographic specific jobs on EmploymentCrossing.