Posted by: Ed Tittel
February 2010 Employment Situation Summary, February 2010 employment stats show little motion up or down, US BLS February 10 employment situation
Rats! I’d hoped for some good news in today’s February 2010 Employment Situation Summary from the US Bureau of Labor Statistics, but what I got was more of the same. Unemployment is unchanged at 9.7%, and job losses were low but still present at 36,000 for the month. In fact, most of the numbers anybody might care to examine in this report show little motion, forward or backward.
But the real news for IT workers showed up a little later in the report where I found this sentence “Job losses continued in construction and information, while employment continued to increase in temporary help services.” I guess that points the direction for IT workers out of a job looking for something, anything to keep their ships afloat!
I guess we’re all still waiting for some kind of dramatic development or seminal event that kicks the economy back into more normal circumstances. With little motion up or down for Feburary, it looks like we’re going to keep waiting for some time to come.