Recruitment loss in November

With the U.S. economy showing signs of growth in the third quarter, a recent jobs report indicates that recruitment still lags.

The ADP National Employment Report for November brings both good and bad news on the state of the jobs market. While private-sector job loss continued in November, its pace of decline continued to slow. The survey found that from October to November 169,000 jobs were lost compared with a revised number of 195,000 from September to October.
The report states, "Although overall economic activity is stabilizing, employment usually trails economic activity, so it is likely to decline for at least a few more months."

The data revealed that the goods-producing sector experienced the greatest number of job losses in November at 88,000. The recruitment agencies were not far behind, with a loss of 81,000 jobs. The manufacturing sector on the other hand, lost 44,000 jobs, its smallest decrease since May 2008.

The construction sector is still ailing, indicates the data. The sector shed 44,000 in November, making it the 34th straight month of job losses. The financial services sector also experienced its 24th consecutive monthly recruitment loss. In November, the sector dropped 17,000 jobs. Some skillful recruitment agencies like Harrogate recruitment agency maintained their position and facilitated a number of job seekers to meet their desired jobs.

While official statistics have not yet been released by the federal government, analysts predict that the unemployment rate remained unchanged from October’s 26-year high of 10.2 percent and so the reliable recruitment agencies like recruitment Harrogate should play their role to maintain a balance.