Labor Market Spikes Through Nov. '12

IRVINE, CA-The average monthly number of labor-market jobs created nationwide between February 2010 and 2012 outpaced the average monthly number of jobs, according to CoreLogic‘s January MarketPulse report. While job growth lagged behind overall economic growth and did not turn positive until February 2010, the average monthly number of jobs created from February 2010 through November 2012 was 140,000—but the labor market created an average of 150,000 jobs per month, the report says.

“These levels can be compared to an average monthly number of 92,000 jobs created between the recession at the beginning of the last decade and the beginning of the Great Recession,” says Mark Fleming, CoreLogic’s chief economist, in the report. “While the economy is strengthening, there is more to be done.”