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Steady US Employment Reported for December 2011

Steady US Employment Reported for December 2011

ManpowerGroup Advises Workers and Employers to Focus on Reskilling Roles, and Making Youth A Priority

ManpowerGroup (NYSE: MAN), the world leader in innovative workforce solutions, warns workers that failing to update skills and communicate their intrinsic value to employers will derail their re-entry into the workforce, as the US Bureau of Labor Statistics today reported that the overall December unemployment rate fell to 8.5 percent, the lowest level since February 2009, and that 212,000 new private sector jobs were created last month. November's unemployment rate was revised up to 8.7 percent.

The economy has added U.S. jobs for 15 consecutive months. While today's figures are generally positive, the pace of job creation has not yet compensated for the number of roles lost during the recession.  

"Stability in today's economy should be considered positive," said Jeffrey A. Joerres, ManpowerGroup Chairman and CEO. "The last year added more than 1.5 million (using revised numbers) U.S. jobs. This is the type of environment we are in, and we should expect a slow, but steady labor market. This is also further evidence of the talent mismatch. Companies are hiring only when they see real demand for their products and services, and they're deferring hiring to be rewarded with cost savings. A perfect example of this is what we are seeing in the manufacturing sector, where there is some stability, yet employers remain cautious and reluctant to risk taking on permanent hires."

In today's Human Age, employers and individuals need to rethink their approaches to work. Through ManpowerGroup's Success Profile and Employability Profile tools, candidates and employers can learn how to align skills development and job success. Employers are encouraged to contemporize their hiring strategies with success mapping, which includes a skills development plan, while workers can use an employability profile to align their freshly acquired hard skills and competencies with an employer's needs.  Read how to "Hire and Retain the Best With Success Mapping" here:

The growing number of untrained youth, tomorrow's workforce, remain the biggest concern to employers committed to long-term workforce planning. As part of the Summer Jobs program recently launched by the White House, ManpowerGroup was among roughly 50 organizations and the only company in its industry honored this week for helping train youth with relevant skills and providing them with jobs. Through partnerships with local Workforce Investment Boards, One-Stop Career Centers and Junior Achievement, ManpowerGroup has advanced the career prospects of thousands of young Americans.

ManpowerGroup's 2011 Talent Shortage Survey found that 52 percent of U.S. companies are struggling to fill key jobs, the highest percentage in the six-year history of the survey. ManpowerGroup advises companies to think long-term because the talent mismatch will inevitably worsen as demand for products and services increase.


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