2012 Employment Snapshot, by Jones Lang LaSalle
According to the U.S. Employment Update by Jones Lang LaSalle, December saw national payrolls expand by 155,000, slightly above the monthly average of 152,900 for 2012 as a whole. Consistent with trends throughout the year, total non-farm and office-using employment saw 1.4 and 1.9 percent year-on-year growth.
Of non-office-using sectors, education and healthcare continue to experience rapid monthly and annual growth. Jones Lang LaSalle expects 2013 to pick up some momentum after the pause throughout much of 2012.
- Employment growth has averaged 152,900 new jobs a month in 2012 compared to 153,000 in 2011, but the figures month-to-month have been highly inconsistent.
- Labor force participation remained at one of its lowest levels during the recovery at 63.6 percent, lowering the total number of people looking for work.
- Private sector hiring was up four million since December 2010; public sector shed 333,000 workers since December 2010.
- Southern and Western markets continue to grow faster than the rest of the United States on a year-on-year basis.
Add a Comment
We welcome your thoughtful comments. Please comply with our Community rules. All comments will display your real name.