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home contents summary 01 US U.S. Employment Restructuring Report Q2 2013

01 US Labor
market trends
02 US regional
labor trends
03 most heavily
impacted sectors
04 US labor
market outlook
05 major
US job layoffs
about this
➔ The total number of
initial claims from mass layoffs
totalled 339,200 in the first
quarter of 2013, a substantial
decline from almost 550,000
in the last quarter of 2012.
Improved activity across a
range of industries helped
produce a better jobs market,
as evidenced by the latest
GDP figures that highlighted
the positive contributions
from private inventory
investment, exports and
personal consumption.
01US labor
4 | Employment Restructuring Report | united states edition Q2 2013
Broadly, the jobs market
is making progress but it
is fluctuating month-by-
month, and is still at a
pace that does not reflect
a fully fledged recovery.
The number of job openings
stood at 3.84 million across
the US at the end of March.
This continues the pattern of
steady improvement since
the depth of the economic
downturn in 2009, but the
recovery in jobs has flattened
somewhat since late 2011.
The Bureau of Labor Statistics
makes the point that in
seasonally adjusted terms,
the level of job openings
has scarcely changed over
the course of the year up
to the end of March.
Manufacturing has had
a sound performance
but some of the more
recent indicators show the
sector to be softening.
The unemployment rate
stood at 7.5%, a level
that has remained stable
over recent months.
Total non-farm payroll
employment is up by slightly
more than 1.9 million over
the course of the year.