Better Labor Market Here to Stay in 2012

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Better Labor Market Here to Stay in 2012

Comment on U.S. Bureau of Labor Statistics Employment Situation Report - Kathy Bostjancic, Director of Macroeconomic Analysis, The Conference Board
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Better Labor Market Here to Stay in 2012 http://3bl.me/9sh4ww @Conferenceboard #jobgrowth #sustainability
Friday, March 9, 2012 - 5:30pm

CAMPAIGN: The Economy

CONTENT: Press Release

(3BL Media) March 9, 2012 - The good news is that the improved pace of job growth continued in January and February. The really good news is that this pace of job creation looks like it could be sustained through spring and summer, and possibly even pick up. Healthy job gains in manufacturing have continued, and the even brighter news is that state and local employment have turned positive, an uptrend that may have staying power. One key has been consumer spending, which has remained high enough to spur more moderate growth in service-sector jobs, and some increase in consumer optimism. The big key will be the pace of income growth going forward. The paychecks from all these new jobs, along with continued modest growth in hourly wages, are likely to boost optimism and provide the spending power to drive consumption—and, in turn, new rounds of employment growth. The Great American Job Machine is waking up.

About The Conference Board

The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world’s leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org

For further information contact:

Jonathan Liu
1 212 339 0257
Jonathan.liu@conference-board.org

 

Keywords: Diversity & Inclusion | Responsible Business & Employee Engagement | The Conference Board | job market | labor market | sustainability

CAMPAIGN: The Economy

CONTENT: Press Release

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