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Economy Review

United States

Report | U.S. Employment Update - July 2012

Summary

​This month’s employment report is a mixed bag of scattered improvements and setbacks. Coming after months of below-average growth, it highlights the continued uncertainty felt among business owners and investors. Tech and energy still remain well above average, but are below their recovery peaks. While the general slowdown both domestically and globally has made an impact on these markets, they are still boosted by consumer dependence unlike other subsectors. Markets that have a significant share in tech and energy remain the leaders in employment growth, which has shown little sign of significant slowdown in these particular geographies. Trends such as increasing variation and segmentation relating to subsector growth, such as highly-specialized subsectors seeing rapid growth in spite of the general economic malaise, are still apparent in the June data when looking at year-on-year growth.

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