Not since 1999 has the U.S. economy added as many jobs as it did in 2014. According to its current figures, the Bureau of Labor Statistics states that 3,116,000 jobs were created in the previous year, over a million more than in 2011. Thus far, the trend continued into 2015, with the economy adding about 230,000 jobs in January. This is 52nd consecutive month of positive job growth and the most over a similar period of time since 1939. Overall, employers have added more than one million jobs since November 1, 2014, the most people hired over a three-month period since 1997.
After peaking at 10 percent in October 2009, the unemployment rate has steadily declined ever since. Despite the seemingly discouraging rise in January's unemployment rate from 5.6 to 5.7 percent, economists note that this is actually a promising sign that people who had given up on looking for work have once again rejoined the labor market and are actively seeking employment. This reflects the fact that the civilian labor force rose by approximately 703,000 job seekers in January.
Even the positive job growth numbers have an extra silver lining, since the gain in jobs comes in both white and blue collar industries. The Bureau of Labor Statistics reports that the industries which saw the greatest job gains in January 2015 include retail trade (46,000), construction (39,000), health care (38,000), financial activities (26,000), and manufacturing (22,000). Meanwhile, professional and technical services sectors added 33,000 jobs, while the food service industry added 35,000 jobs.
These overall trends point to the fact the U.S. jobs market is rebounding from the recession with gusto. With such encouraging employment numbers, now is the perfect time to work with a recruiter to find a job in the field that best suits your skills and expertise.