Cielo’s EVP and Managing Director of North America, Angela Hills, was featured on U.S. News and World Report and CNBC.com this morning as the latest jobs numbers were released in the U.S. Hills provided insightful commentary into the labor market for both news outlets, who claimed that the numbers look good, on the whole.
Excerpts from the U.S. News and World Report article:
The U.S. job market exceeded expectations in January, adding 257,000 positions as wages and labor force participation ticked up. And revisions to November and December Labor Department data added 147,000 more jobs than were previously reported.
Health care and social assistance positions expanded by nearly 50,000 jobs, and the construction and business services sectors added 39,000 jobs apiece. Average hourly wages increased to $24.57 across all non-farm sectors.
Though January’s job growth failed to eclipse December’s 329,000 additions, it managed to exceed economists’ expectations that about 230,000 jobs would be added. January marked the 12th consecutive month the U.S. economy has added in excess of 200,000 jobs.
“If there’s one caveat that’s driving a little bit of slowdown in terms of job growth, it would probably be in terms of some of the cuts that are pretty significant and sizable in the oil market,” says Angela Hills, executive vice president and managing director for North America at Cielo Inc. “A few companies like Baker-Hughes and Schlumberger and others have been announcing pretty big cuts. And you take a few of those and it can dampen some of the growth that other sectors are seeing.”
Excerpts from the CNBC article:
Angela Hills gets a close-up look at the U.S. jobs market and generally likes what she sees.
A bustling hiring climate is good for her business, and current conditions are working out well for Hills, executive vice president at Cielo, a global employment recruiting firm that works across a variety of companies.
"Our business is on the uptick," Hills said in an interview shortly after the Labor Department reported Friday that the economy added 257,000 new jobs in January. The better-than-expected data meshed with what Hills said she has been observing on a daily basis.
"We are seeing increases in demand for key positions and roles," she said. "We're seeing growth with new launches of products. Our clients are asking us to hire talent in terms of growth strategies."
Over the past three months, businesses have added more than 1 million jobs, according to upwardly revised numbers from the Bureau of Labor Statistics. Though still anemic by historical standards—growth was close to 4 percent the last time the unemployment rate was this low, in mid-2008—wages rose month over month at a faster pace than anytime during the post-financial crisis recovery.
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