US Job Market grows 4.1% in March 2011

The job market in the United States grew 4.1% in March as compared to February. The expansion in March did not meet our expectations. We expected a higher increase in labor demand for this time of year. The moderate growth may be a reflection of the significant developments in Japan and the Arab countries.

United States Job Openings
January 2007 – March 2011

 

Year-over-Year demand for new labor increased 39.1%, the least annual growth within the last 10 months. While we remain cautiously optimistic, labor demand needs to pick up stronger in the coming months to accelerate the economic recovery.

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Comment by Jason Monastra on March 29, 2011 at 3:30pm

What has happened to job creation?  And I mean true job creation that stems from small and medium size businesses that strive to bring new solutions and products to market.   I look at more and more people settling for stability - that is not what the US was founded on.  Reaching out, taking a chance, making a claim - however you want to define it, those are the attributes of a nation that is looking for job growth.  Without the inventive mind of the US bringing new things to market, these numbers will not change, the trend will only be worse.  One must stop relying on others for a paycheck and challenge themselves to change the process, change the country, and help shape the world.  With that mindset, trust me the numbers will rise.

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