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Six Service Sector Industries Show Growth

In a report issued today by The Institute for Supply Management, a private research group, concluded that US service sector jobs shrunk at a slowing pace in May.  Service sectors that grew in May include the following, with examples of employers hiring in each sector via Jobfox.com:

• Real Estate: ZipRealty, Ameriprise Financial, MetLife
• Rental & Leasing: Avis Budget, Metroplex Management, Icon Capital, Oakwood Worldwide
• Arts, Entertainment & Recreation: Brinker International, Entertainment Cruises, Washington Athletic Club
• Utilities: Boston Power, Maxus Energy Corporation, Metropolitan Water District of Southern California
• Retail Trade: American Girl, Bridgestone Firestone, Foot Locker, KMart, Sears
• Construction: Abel Womack, MC Dean, Morgner Construction Management, Vanguard Construction & Development
• Accommodation & Food Services: Hilton, Hyatt, Cheesecake Factory, Ted's Montana Grill

To see more, browse a sample list of employers hiring on Jobfox.com. Employers hiring in the services sector should talk to their Jobfox representative about matching their jobs to millions of candidates on Jobfox.com. Job seekers in the services sector should complete a free match profile to be matched to these and other employers on Jobfox.com.

Home Sale Contracts Hit 8 Year High

In a report issued today, the National Association of Realtors said that the number of new contracts for home purchases experienced the biggest one month increase since October 2001.  This is more encouraging news on the economic rebound, advancing stock markets forward today.  Professions potentially impacted as more home buyers increase activity include construction, real estate agents and attorneys, mortgage bankers and brokers, home inspectors, and home repair contractors.  A few sample companies using Jobfox.com to recruit for these positions includes:

• ZipRealty
• Urban Innovations
• Ameriprise Financial
• MetLife
• First Guaranty Mortgage Corporation
• Bank of America
• Eastern Bank Corporation
• Pentagon Federal Credit Union
• Sears, Roebuck & Co

Browse a more extensive list of employers using Jobfox.com to match with qualified candidats here.

More signs of recovery

One thing that's certain is our economic recovery won't happen overnight.  It will look like signs of recovery coming from different directions in a number of small ways.  It will also look like bad news won't be as bad as the month before.  Like reversing a speeding freight train, it first has to slow down before it can come to a complete stop and start moving in the opposite direction.  More news was released today indicating that the economy is showing more signs of improvement relative to recent months:

• Personal income rose in April, according to the Commerce Dept.
• Consumer spending was better than projected, falling only 0.1 percent in April
• Personal savings saw the largest one month increase since 1995, climbing from 4.5% in March to 5.7 % in April.
• A key manufacturing index showed an 8-month high, indicating increased confidence among manufacturers.

White House Releases 100 Days, 100 Projects Report

To demonstrate progress made since President Obama issued the Economic Stimulus Plan, the White House issued a report yesterday detailing 100 projects underway nationwide in the first 100 days of the plan.  The report includes jobs created, funding allocated towards specific projects, and the impact the plan has made on the US economy.  Download the full report here (PDF) to see who's hiring as a result of stimulus funds.  Job seekers can be matched to Economic Stimulus Jobs on Jobfox.com by completing a free Jobfox match profile.

150,000 Jobs Saved, 600k More Coming, White House Claims

More than 150,000 jobs have been saved or created due to the Economic Stimulus Plan, The White House claims in a report issued tonight.  The report compares actual unemployment with unemployment levels projected had the Stimulus Package not been put into place.  The report also projects an additional 600,000 jobs being created in the next 100 days due to the plan, which Vice President Biden says is on track to save or create 3.5 million new jobs in the next 15 months.