Our latest Industry Employment Trends report reveals a welcome improvement for a sector severely impacted by the recession: construction. For the first time in 2010, the construction industry had more job postings than a year ago, with a 12% increase compared to April 2009.
The report shows year-over-year growth in job postings for 11 of the 12 major industries we track. Those that struggled most last year – cyclical industries like retail, transportation and hospitality – are now gaining the most momentum.
In January 2009, retail had shrunk -45% year-over-year, transportation -47% and hospitality -48%. All three are now up strongly over April of last year: 57%, 48% and 41%, respectively.
April 2010 Employment Industry Trends
|Industry||Job Postings||Annual Change|
|Financial Services and Banking||206,403||19%|
|Media and Newspaper||36,781||36%|
We release our Industry Employment Trends prior to the Bureau of Labor Statistics’ monthly employment outlook, so be sure to check back on the second business day of each month for a forward-looking view of the changing job market.