
The
Minneapolis Star Tribune recently reported that job creation pushed the unemployment rate down to 8.8% in March.
Gains by industry included:
- +78,000 in professional and business services, including well-paying white-collar jobs
- +37,000 in health care with an average of 24,000 jobs a month over the last 12 months
- +37,000 jobs in leisure and hospitality
- +28,800 in temporary employment
- +17,000 in manufacturing
These increases have boosted employment for the fifth straight month. The sector's employment has risen by
243,000 since December of 2009. Minnesota supply managers enjoyed their 20th consecutive month of improvements to new orders, sales, production, inventories and employment in March. Nationally, tech job listings soared about 30% in March and
148,000 tech jobs are expected to be added by the end of 2011, says Sophia Koropeckyj, an economist at Moody's Analytics.
In California, a surge of hiring has created a hiring frenzy not seen since the dot.com mania of the early 2000's. Employers are dangling
iPads, nifty cubicles, shuttle service and meals to attract top talent in engineering, social media, website, product design, data crunching and analysis and management. Start-up companies plan to double in size by the end of the year.
Other good news according to a recent article in
USA Today Intel plans to spend more than $10 billion over the next few years for new facilities in Hillsboro, Oregon and Chandler, Arizona and upgrade existing ones. The facility in Rio Rancho, New Mexico is currently being upgraded. To build the new most advanced high-volume semiconductor manufacturing facility in the world by 2013, the company will need 2,000 to 3,000 construction workers and will employ about 1,000 people. At the new facility, Intel is "making a $5 billion bet on products not yet designed, for manufacturing processes not yet refined, for a market that doesn't exist, says Intel spokesman Chuck Mulloy."
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