In case you missed it: April 6
It’s always a big day for workforce news when the Bureau of Labor Statistics (BLS) releases its monthly jobs report. Today is no exception.
The BLS reported an increase of 120,000 jobs in nonfarm payroll employment in March — the smallest increase since October 2011. In the last three months, payroll employment has risen by an average of 246,000 jobs per month. The unemployment rate decreased to 8.2 percent, from 8.3 percent in February and January. As MSNBC reports, this is the lowest rate since January 2009, and it reflects a decrease in the labor force.
Here’s a quick rundown of some other recent employment news:
Computerworld: IT jobs will grow 22% through 2020, says U.S.
Patrick Thibodeau reports on the BLS’s prediction that employment in all computer occupations will increase by 22 percent. The report said that offshoring will hurt the growth of U.S. programming jobs between now and 2020, but healthcare IT and mobile networks expansion will increase. Some IT fields will see greater increases than others. For example, analysts expect high demands for software developers, database administrators, and network and computer systems administrators.
The Wall Street Journal: Yahoo Pushes Reset
On Wednesday, Yahoo Inc. began cutting about 2,000 jobs, or 14 percent of its 14,000 employees. The layoffs will span many departments, including marketing and product groups, which build and maintain new Yahoo websites and mobile apps. Further cuts are expected, and Yahoo projects the move will bring about $375 million in annual savings.
If you recall, Yahoo announced that it would lay off 20 percent of its staff in November 2010. At that time, Joel Capperella gave his reaction to the cuts and explained that the increase of technically skilled people in the talent marketplace doesn’t necessarily mean an end to the talent war. In actuality, it could mean an increase in wages, with candidates being more selective, and an increase in talent opting to work on a contract basis. Joel’s post is a great read, and he raises questions that are relevant even a year and a half later.
And finally, before you head out to enjoy the weekend, I encourage you to check out this Washington Post article, which provides an intriguing behind-the-scenes peek into the BLS department in the days leading up to the monthly employment situation release. And you thought we took workforce news seriously.