MINNEAPOLIS (June 3, 2011) – The May Bureau of Labor Statistics Employment Situation Report told an unwelcome, but anticipated story today—the unemployment rate is again on the rise as it went from 9.0 to 9.1 percent.
Despite several strong months of job growth average more than 200,000 new jobs every month, the growth for jobs in the private sector was limited to 83,000 new jobs. Meanwhile, 29,000 state and local government jobs were lost as well, according to the employment report.
According to Tamryn Hennessy, National Director of Career Development at Rasmussen College, today’s job news was even grimmer than expected, especially as we look to the future of job growth.
“Besides the unfortunate increase in unemployment, of further concern are two areas indicative of non-growth in the future—temporary hiring was down and the average workweek hours remained constant,” Hennessy said. “Temporary hiring is a good predictor of future permanent hiring, and it is typically a good sign when the workweek is lengthened, as it means that new hires may become necessary.”
Another area that took a turn, according to Hennessy, was employment by education level. Although the trend has been that unemployment has been decreasing for people with some college or an associate’s degree, unemployment for this group actually increased from 7.5 to 8.0 percent while the unemployment rate remained at 4.5 percent for those with a bachelor’s degree or higher.
Although much of the news was negative there was good news for people in accounting, technology , and healthcare fields. According to the report, accounting and bookkeeping added 17,800 jobs, computer systems design added 8,200 jobs, and healthcare added 27,200 jobs.
For additional information about Rasmussen College, visit www.Rasmussen.edu.
ABOUT RASMUSSEN COLLEGE:
Rasmussen College is a regionally accredited private college and Public Benefit Corporation that is dedicated to changing lives through career-focused educational programs and public service. Rasmussen College offers Certificate and Diploma programs through Associate's and Bachelor's degrees online and across its 24 Midwest and Florida campuses in a supportive, student-centered and career-focused environment. Since 1900, Rasmussen College has been dedicated to being a primary contributor to the growth and development of the communities it serves. As a Benefit Corporation, Rasmussen College is committed to helping change lives through education and making a positive impact on society through public service and a variety of community-based initiatives. For more information about Rasmussen College, please visit www.Rasmussen.edu.
This piece of ad content was created by Rasmussen University to support its educational programs. Rasmussen University may not prepare students for all positions featured within this content. Please visit www.rasmussen.edu/degrees for a list of programs offered. External links provided on rasmussen.edu are for reference only. Rasmussen University does not guarantee, approve, control, or specifically endorse the information or products available on websites linked to, and is not endorsed by website owners, authors and/or organizations referenced. Rasmussen University is accredited by the Higher Learning Commission, an institutional accreditation agency recognized by the U.S. Department of Education.