Job Creation Numbers

Yesterdays job creation numbers were very positive, with a growth rate of 335,000 plus jobs, even adjusting the number for the 70,000 plus construction jobs created by hurricanes, these are good numbers. And I hope this will continue to accelerate the number of new jobs over the next few years, so that all that want to work can find employment.

I am especially pleased with the growth in the professional business category since all of the jobs we work at filling here at BLK are this type. As for the number created in New Jersey, those numbers are not released for another few weeks, but my prediction is not as optimistic based on order growth here at BLK. However, the predictions from the economist are about 10,000, which is an ok growth rate for our garden state. I hope my projection is wrong!

One area that appears to be sparking growth is in the professional temporary or professional contract segment. We here at Berman Larson Kane have seen a dramatic increase in this type of order, and hopefully these will eventually turn into direct hire positions. This past October a number of our consultants’ were converted to our clients payrolls. And many of new positions we are filling clients have future plans of eventually converted these new temps into direct hire status.