The Bureau of Labor Statistics reported that unemployment was down to 6.3 Percent in May 2014. This is a significant achievement when you consider that unemployment was at 7.5 percent in May 2013, and 8.1 percent in May 2012. Good things are happening. Approximately 217,000 jobs were created in May. At least 200,000 jobs have been created each month since February, which is the longest 4 month growth period since September 1999 to January 2000. Like last year, the stock market continues to reach historic levels and economists are still projecting manufacturing to continue its current pattern of growth. The natural churn in the employment market is creating tons of new openings, and pushing up salaries as companies are having to get more aggressive to land the talent they need.
Bruce Peacock
Vice President of Business Development
The Richmond Group USA