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US hiring held firm in January


US hiring held firm in January

US hiring held firm in January
The number of new positions on offer to those jobseekers in the United States held firm throughout January, a new report has predicted.

Reuters surveyed economists about the current state of the jobs market in the US after Christmas, and the majority said that it was likely the number of new jobs had stayed largely stable, with many predicting that non-farm payrolls had actually increased from the 155,000 seen in December to 160,000 in January.

It also said that the unemployment rate for January seems to have remained largely steady throughout the month which is difficult to predict in advance, and sits at a level at the end of the month of 7.8 per cent.

While there has been no great growth in numbers of new roles across the nation this month, though, jobseekers should still see the fact that they have sat stable as a largely positive factor on two fronts.

On one hand, the post-Christmas period can be a very hard one to predict, with many sectors that are prone to needing large numbers of seasonal workers most likely to reduce their staff rather than increase it throughout January, which can skew the number quite a bit.

On the other hand, there had been fears that the impending fiscal cliff would have had a seriously negative impact on the sentiment of businesses in early 2013 as the US economy was due to be hit hard. However, a deal reached in late December from Congress alleviated this fear and may have just ensured that hiring remained in neutral territory rather than falling.

However, Paul Dales, an economist at Capital Economics in London, said that there should be no great expectations that this deal would suddenly mean a lot more companies hiring again immediately, as there still remain other areas of concern throughout the nation.

"The removal of the uncertainty posed by the fiscal cliff is unlikely to prompt a surge in hiring when there remains so much political uncertainty."

Posted by Lee ThraceADNFCR-1275-ID-801531669-ADNFCR

Posted: 30 January 2013 18:10:00
Filed under: North America
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