February 2011 – A Good Month For Jobs!
In spite of rising gas prices and fears of a government shut-down, February 2011 was actually a good month for jobs. Employers in the U.S. added over 217,000 jobs – more than anticipated.
However with good news lately there always seems to be something slightly troublesome and layoffs were higher in February. Most of the job losses were government positions.
Retail Sales were also up and all 12 of the Federal Reserve regions reported “moderate” growth. We are closely watching the economic news to see if gas prices will have an effect on advertising. For the time being, we have a number of digital positions going unfilled due to a lack of candidates.