JOBS REPORT: FEBRUARY 2022

Positive Growth
for U.S. Employment

February 2022 Labor report shows positive growth for
U.S. employment with Global affairs expected to impact the job market.

According to the latest jobs report from the Bureau of Labor Statistics (BLS), the United States job market continued to indicate strong employment growth during the month of February 2022. The number of jobs added to the economy rose to 678,000 last month, and the positive trend continued as the unemployment rate lowered to 3.8% from 4.0%.

The BLS also revised their December 2021 and January 2022 jobs report numbers, indicating stronger growth than originally reported – numbers totaled 481,000 added jobs in January and 588,000 added jobs in December. Prospects are high for part-time or contract employees – average hourly pay has risen 5.1% over the past year.

COVID infections have dropped drastically in the U.S. since their spike in mid-January, attesting to the positive job growth. Nonetheless, current affairs across the globe have already impacted or are expected to impact the job market this month – such as continued inflation, increasing turmoil from between Russia and Ukraine, increasing oil prices in the U.S. and an anticipated increase in Federal Reserve rates. Despite the global issues – the job market in the U.S. is still on a steady beat.

Ready to start 2022 with a new professional opportunity? We’re here to help you find the right career match for you. Addison Group is a professional services firm specializing in talent solutions and consulting services focused on building relationships and human connections to help candidates, consultants, and clients find each other. Reach out today.


About Addison Group
Addison Group is a leading professional services firm specializing in talent solutions and consulting services, offering a full suite of capabilities across multiple sectors, including information technology, finance and accounting, non-clinical healthcare, human resources, administrative, and digital marketing. Addison’s growing network of professionals, offices across the United States, and deep relationships in regional and local markets provide clients with a one-stop resource focused on building relationships, human connections, and helping consultants and clients find each other. Learn more at https://addisongroup.com

Media Contact
MediaRelations@addisongroup.com

Report details provided by the U.S Bureau of Labor Statistics (BLS)


Sorell Grow, Content Writer - Addison Group

Author: 
Sorell Grow
Content Writer, Addison Group

As the Content Writer for Addison Group and its family of brands, Sorell writes blogs, articles, report recaps, e-books, marketing collateral and website copy for a variety of industries including Tech, Finance and Accounting, Healthcare, Digital Marketing, Cloud Solutions, Engineering, and IT.

When not clicking away at her laptop keyboard, Sorell can usually be found creating playlists on Spotify, hiking or attempting to cook a new plant-based recipe.

 

 

 

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