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Unemployment Dips to 8.9 Percent, 192K Jobs Added


WASHINGTON (AP) – Employers hired in February at the fastest pace in almost a year and the unemployment rate fell to 8.9 percent – a nearly two-year low.
The economy added 192,000 jobs last month, with factories, professional and business services, education and health care among those expanding employment. Retailers, however, trimmed jobs. State and local governments, wrestling with budget shortfalls, slashed 30,000 jobs, the most since November. Federal government hiring was flat.
Private employers added 222,000 jobs last month, the most since April. That shows that companies are feeling more confident in the economy and about their own financial prospects. And it bolstered hopes that businesses will shift into a more aggressively hiring mode and boost the economic recovery.
The unemployment rate is now at the lowest point since April 2009. It has been falling for three months, down from 9.8 percent in November, marking the sharpest three-month decline since 1983.
“These number can be sustained and built on,” economist Joel Naroff at Naroff Economic Advisors. “The economy is recovering, there is no question about it. Businesses are finally taking some of those profits they are earning and putting them back into the work force.”

#mini_module_blank { width: 269px; height: 206px; border: medium none; float: left; margin: 10px; font-size: 12px; }#mini_module_blank img { width: 265px; height: 131px; border: medium none; margin: 0px; }#mini_module_blank .mini_main { margin: 0px; padding: 0px; width: 269px; height: 206px; background: url(“http://www.aolcdn.com/travel/zing-background-no-photo”) repeat scroll 0% 0% transparent; }#mini_module_blank .mini_item_header { padding: 12px 0px; margin: 0px 20px; font-size: 16px; }#mini_module_blank .mini_item { padding: 8px 0px; margin: 0px 20px; border-bottom: 1px dotted rgb(204, 204, 204); }#mini_module_blank a { color: rgb(73, 163, 202); text-decoration: none; }#mini_module_blank a:hover { color: rgb(249, 132, 25); text-decoration: underline; } The number of unemployed people dipped to 13.7 million, still almost double since before the recession.

When factoring in the number of part-time workers who would rather be working full time and those who have given up looking for work, the percentage of “underemployed” people dropped to 15.9 percent in February. That’s the lowest in nearly two years.

The positive news on the hiring front comes as the larger economy is gaining momentum.

Americans shoppers are spending more. U.S. exporters are selling more abroad. Manufacturing is growing at the fastest pace in nearly seven years. And the service sector, which employs about 90 percent of the work force, is expanding at the fastest clip in more than five years.

The 192,000 jobs added in February was a significant improvement from the 63,000 notched in January. Some of the boost came as people resumed work, after dropping off payrolls because of bad weather in January. Still, the gains were widespread.
Factories added 33,000 jobs. Education and health care added 40,000 positions. Professional and businesses services added 47,000. Leisure and hospitality added 21,000 jobs. Construction companies, 33,000 jobs – although a good chunk of those reflected people coming back on payrolls after January’s harsh winter weather; Transportation and warehousing added 22,000 jobs.

The number of “long-term” unemployed, people out of work six months or more, sank to 5.99 million, a decline of 217,000 from January.

Workers’ paychecks were mostly flat. Average hourly earning rose to $22.87 in February, up only one cent from January. Workers have little bargaining power to demand big pay raises because the weak jobs market.

And rising gasoline prices are putting more pressure on Americans’ pocketbooks. Gasoline is averaging close to $3.50 a gallon nationwide. Higher prices can force consumers to cut back spending on other things. That has the potential to slow the recovery and hiring.

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By Jeannine Aversa, for AOL Jobs

Now Hiring The Latest Job Openings and Hiring in Ford 5500, Intel 4000, Daimler 10000, Microsoft 8400, UnitedHealth Group 790, Lowe’s 50,000 and Home Depot 60,000

With the job market being as tight as it is, we thought we’d track down the latest information for the businesses, organizations, and industries now hiring.

As tough as it is these days searching for a job, news keeps coming in of companies with hundreds if not thousands of openings. And while a thousand new jobs, might not be enough to put the millions of unemployed Americans back on the job, it is a step in the right direction.

Where possible we’ve tried to pinpoint what areas of the country will be most affected by these hirings, so that you can determine which opportunities are most relevant to your current job search.

Most Recent

 

Ford Focus Suppliers Add 5,500 New Jobs

One of the important things to remember about the recovery of the American auto industry is that when one model is a hit, it’s not just good news for the specific manufacturer that puts it out — it means more profits and more jobs for all the companies that provide parts.

Such is the case with Ford‘s new Focus, a global car which is expected to add at least 5,500 new jobs to the economy. Companies such as Robert Bosch LLC will be making parts for the new Focus.

 

Intel Taking on 4,000

A new $5 billion-plus manufacturing plant in Chandler, Ariz., along with increased demand, are sending semiconductor giant Intel on a hiring spree of more than 4,000 workers that should last all the way through 2011.

With more than 15,000 workers in Oregon, Intel is already that state’s largest private employer. While many of the new Intel jobs will be in Arizona, a number will be located in Oregon, as well as in New Mexico, where Intel also has a major presence.


 

10,000 Auto Jobs Open at Daimler

The good news is that one auto manufacturer is doing so well it’s looking to hire 10,000 new employees in the next year. The not-so-good news is that you might need to speak German if you’d like to apply for some of the positions.


 
Microsoft Adding Thousands

It’s a great time for techies. First Google announces they’re hiring 6,000, and now Microsoft says they want to add an additional 2,400 software engineer and research positions by the end of the year, according to a recent post on FINS.com. Those jobs will be located all over the world, and will be filled as soon as they can find suitable candidates.


 
UnitedHealth Group Has Hundreds of Openings

Everyone knows that that health care industry is one of the few areas that has been consistently hiring despite the ups and downs facing the rest of the economy. But many people forget that you don’t have to be a doctor, nurse, or a licensed health care technician to work in the industry.

UnitedHealth Group, for example has openings for jobs in information technology, accounting, marketing.


 

Lowe’s To Take On Over 50,000

Not to be outdone by Home Depot, which announced yesterday it will hire more than 60,000 seasonal workers, Lowe’s, the smaller home improvement store chain, is hiring 50,000 seasonal workers for its retail stores. That’s up from the 43,000 temporary workers they brought in last year, and represents a 16 percent increase, according to various newspaper reports.

 

Home Depot to Employ 60,000

The new jobs may be seasonal, part time and temporary, but the 60,000 jobs Home Depot is offering right now total more than all new jobs created in the entire nation last month (36,000). Savvy and engaged employees will be able to convert those part time jobs into full time work — with benefits.


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By AOL Jobs Contributor

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Teamsters Believe ‘Son of NAFTA’ Will Cost The U.S. 159,000 Jobs

The Teamsters are urging Congress to reject the current version of the South Korea trade agreement that is currently on the table, calling it the “Son of NAFTA” and claiming it could cost America thousands of jobs.
“The United States has lost 5 million jobs since NAFTA, and the last thing America’s middle class needs right now is ‘Son of NAFTA,'” said Teamsters General President Jim Hoffa. “We desperately need to reverse direction and protect our economy instead of giving it away to our diplomatic partners. One of the real dangers of this deal is that it gives South Korean multinationals new rights to challenge U.S. laws. Why should a foreign company or investor have more power in this country than our own small businesses?”
While Hoffa says the Teamsters appreciate President Obama’s attempts to renegotiate the deal, he’s stated they can’t support the current version, which is expected to be submitted to Congress any day now.
The Teamsters believe that this particular trade agreement, which is the biggest since NAFTA, would increase the U.S. trade deficit, would cost the United States approximately 159,000 jobs, and would damage some core American industries such as electronics equipment, motor vehicles and parts, and metal products.
“This deal would allow so-called ‘Korean’ cars sold in the United States to be made mostly in other countries because of the ridiculously low rule-of-origin requirement,” Hoffa said. “I also have serious security concerns because the deal would cover products assembled in South Korea made with parts from North Korea.”

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By Lisa Johnson Mandell 

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Companies hiring this month (Feb-2011) – Get the latest jobs Now

In a perfect world, you can wake up one morning and think, “I’d like a new job,” and then — voila! — you have one. Unfortunately, we’re not there yet. However, with the unemployment rate decreasing each month and the amount of new job openings increasing along with it, job opportunities are growing. We might not be where we want to be, but we’re getting there.

We’re in a month into 2011 and plenty of people are still looking to make good on their resolutions to find a job this year. Whether you’re unemployed and looking for work or fed up with your position and trying to find a new job, your chances of being hired are better now than they have in a long time. Therefore, to help your search, we’ve made a list of companies who are hiring this month and some of the positions they’re looking for.

Here are some companies hiring in February:


24 Hour Fitness
Industry: Fitness

Sample job titles: Field opportunities – personal trainer, club manager, department head, membership counselor; corporate positions – IT, finance, accounting, procurement
Location: Nationwide, with corporate positions in San Ramon and Carlsbad, Calif.

Addus HealthCare, Inc.
Industry: Home care
Sample job titles: Nurse, therapist, regional manager, account executive, home care aide
Location: Nationwide

Advanced Technology Services
Industry: Manufacturing
Sample job titles: Maintenance technician (all levels), site supervisor, site manager, reliability engineer
Location: Nationwide

Astellas Pharma US, Inc.
Industry: Pharmaceutical/health care
Sample job titles: Senior medical director, regional sales manager, pharmaceutical sales, associate director, senior scientist
Location: Chicago, Detroit, New York, Boston

BAE Systems
Industry: Defense
Sample job titles: All-source analyst, intelligence analyst, human terrain systems analyst
Location: Nationwide

Chipotle Mexican Grill
Industry: Restaurant
Sample job titles: Finance analyst, design manager, IT support specialist, facilities technician, restaurant manager, kitchen manager, hourly crew
Location: Nationwide

Guardian Life Insurance
Industry: Insurance/financial services
Sample job titles: Business analyst, developer, workforce planning, compensation analyst, financial representative
Location: New York, Bethlehem, Penn., Appleton, Wisc.,

Horace Mann Educators Insurance
Industry: Insurance
Sample job titles: Exclusive insurance agent, IT/enterprise architect (software)
Location: Nationwide, with HQ positions in Springfield, Ill.

Liberty Mutual Group
Industry: Insurance
Sample job titles: Sales representative, customer service representative, software developer, claims representative
Location: Nationwide

Mattress Firm
Industry: Retail
Sample job titles: Sales trainee program, sales manager training program
Location: Houston, Dallas, Fort Worth, Austin, Phoenix, Atlanta, Cincinnati, Miami, Tampa, Jacksonville, New Orleans, Baton Rouge, Raleigh

Navistar
Industry: Truck manufacturing
Sample job titles: Associate development engineer, design engineer, project engineer
Location: Chicago

Rexam
Industry: Consumer packaging
Sample job titles: Process engineer, plant controller
Location: Nationwide

Sapient Corporation: SapientNitro, Sapient Global Markets, Sapient Government Services
Industry: Technology/advertising and marketing
Sample job titles: Art director, senior information architect, senior interactive developer, project manager, ecommerce business analyst, ecommerce or CMS architect
Location: Boston, Chicago, Toronto, New York, Los Angeles, San Francisco, Atlanta, Miami, Washington, D.C.

Telvista
Industry: Telecommunications/call center outsourcing
Sample job titles: Customer service representative, technical support agent, customer service sales agent
Location: Dallas, Danville, Va.

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By Anthony Balderrama for MSN & CareerBuilder

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Companies to Watch in 2011 for Thousands of New Jobs (like Marriott, Coca-Cola, Home Depot, Apple, Walmart, Wells Fargo etc.)

Looking for a job but not sure where to start? To help narrow down your search, we found some of the biggest companies hiring this year. But before you apply, check out our company-specific interview examples, revealing insider accounts of what it’s like to work there and tips on how to land the job.


1. Marriott

Industry: Hotel/Hospitality

Headquarters: Bethesda, Md.

Founded in 1927 by the current CEO’s father, J. Willard Marriott, the company owns and maintains one of the largest hotel operations in the world.


2. Coca-Cola

Industry: Food and Beverage

Headquarters: Atlanta, Ga.

Coca-Cola manufactures concentrates that are sold to distributors, who then go on to bottle, package and sell the product to the markets they represent.


3. Home Depot

Industry: Home Improvement

Headquarters: Cobb County, Ga.

Founded in 1978 by Bernie Marcus, Arthur Blank, Ron Brill and Pat Farrah, Home Depot successfully established itself with its chain of retail hardware superstores.


4. Apple

Industry: Computers/Personal Electronics

Headquarters: Cupertino, Calif.

Apple Computers was originally founded in 1976 by Steve Wozniak, Ronald Wayne and current CEO Steve Jobs. The company is now a force in the field of mobile communications as well as computing and personal electronics.


5. Kaiser Permanente

Industry: Health Care/Insurance

Headquarters: Oakland, Calif.

Kaiser Permanente is comprised of a group of companies including a non-profit umbrella company, various regional health plans, several hospitals and a host of independent medical groups.


6. Walmart

Industry: Discount Retail/Grocery

Headquarters: Bentonville, Ark.

With over 2 million employees worldwide, Wal-Mart Inc. is the largest private employer in the United States. The company has steadily grown since founder Sam Walton opened the first Walmart branded store in 1962.


7. AOL

Industry: Content Creation/ISP

Headquarters: New York, N.Y.

The company formerly known as America Online Inc. was originally founded in 1983 as Control Video Corp. Today, with over 100 channels representing both original content and news, AOL routinely delivers 100 million unique visitors per month to its properties.


8. Best Buy

Industry: Electronics/Home Appliance

Headquarters: Richfield, Minn.

Best Buy is the largest electronics retailer in the United States. The company currently employs somewhere around 180,000 people worldwide.


9. UPS (Seasonal)

Industry: Shipping/Courier

Headquarters: Seattle, Wash.

UPS delivers an estimated 15 million packages to more than 220 countries and territories each day. At present, UPS employs a staff of over 400,000.


10. Wells Fargo

Industry: Finance and Banking

Headquarters: San Francisco, Calif.

Wells Fargo, one of the largest banks in the United States, currently employs approximately 280,000 people.

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By AOL Jobs Contributor 


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