FOR IMMEDIATE RELEASE:
Dallas, Texas – 2/14/2014:
By Joe Deaux
A week after President Obama said he would work with CEOs to return the long-term unemployed to the work force, the January jobs report on Friday failed to boost optimism in the U.S. economy.
And despite the president’s plan to reward companies for hiring those who have been out of work for 27 weeks or longer — which he discussed at a roundtable with successful chief executives — it remains a long-shot initiative to fundamentally shift the sluggish labor recovery.
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Education and health services dipped by 6,000 jobs in January. This sector has shown consistent expansion since the end of the Great Recession, and hiring firms continue to point to health care as one of the best sectors for job placement. “Health care IT is on fire,” said Nick Turner, Co-Senior Managing Director of Sanford Rose Associates.