Economic data

As of March 2011Reflective of the February 2011 National Jobs Report from the Bureau of Labor Statistics

Private and temporary sector growth continues

JOBS GAINED IN FEBRUARY

UNEMPLOYMENT RATE

WORST UNEMPLOYMENT RATE SINCE

192,000

8.9%

1983*Current recession excluded

Unemployment rate decreases to 8.9%

Source: Labor Department

0.0

2.0

4.0

6.0

8.0

10.0

12.0

Aug

-08

Sep

-08

Oct

-08

Nov

-08

Dec

-08

Jan-

09F

eb-0

9M

ar-0

9A

pr-0

9M

ay-0

9Ju

n-09

Jul-0

9A

ug-0

9S

ep-0

9O

ct-0

9N

ov-0

9D

ec-0

9Ja

n-10

Feb

-10

Mar

-10

Apr

-10

May

-10

Jun-

10Ju

l-10

Aug

-10

Sep

-10

Oct

-10

Nov

-10

Dec

-10

Jan-

11F

eb-1

1

Un

emp

loym

ent

Rat

e %

Two years in unemployment data

Source: Washington Post

ere

A look at monthly job changes

Source: US News & World Report

The potential paces of recovery

Source: WashingtonPost.com

Average length of unemployment

Source: WallStreetJournal.com

Leis

ure

& H

osp

italit

y

Const

ruct

ion

Manufa

cturi

ng

Reta

il Legal

Acc

ounti

ng

Arc

hit

ect

ure

/Engin

eeri

ng

Financi

al A

ctiv

itie

s

IT/T

ech

nic

al

Healt

hca

re

Tem

pora

ry

+33

+21

+33

-8.1 -2.9 -2.3+3.1 +3

+10.8

+34.3

+15.5

In thousands

Sector changes for February

8.9%

4.3%

7.8%

9.5%

13.9%

National average

College educated

Some college

High school diploma

Less than high school

Education continues to be the job search differentiator…

Metropolitan unemployment snapshot…

7.1%7.3%

7.5%7.9%

8.2%8.3%

8.4%8.5%

8.7%8.8%

9.4%9.9%

10.2%11.1%

11.7%11.8%

14.9%

Boston

Milw aukee

Baltimore

Dallas

New York

Houston

Philadelphia

Cleveland

Chicago

Seattle

St. Louis

San Francisco

Atlanta

Detroit

Los Angeles

Miami

Las Vegas

Comparing recoveries: Job changes

Source: NYTimes.com

Source: NYTimes.com

Spotlight on Manufacturing

ere

Decreasing jobless claims

Private sector grows with the lag of the public sector

Source: NYTimes.com

The February jobs report shows real signs of recovery yet economists worry of shaky economic ground with rising oil prices and Middle East unrest …

Opportunities• The unemployment rate drop to 8.9% marks the third month of increasing

employment • Temporary jobs rebounded from January’s losses adding 15,500 jobs• The private sector gaining 222,000 jobs in February indicates increasing strength

outpacing the public sector• The report included revisions increased hiring numbers for both December and

January

Weaknesses• Economists expect the unemployment rate might rise again before steadily falling• The average work week remained stagnant at 34.2 hours• Certain sectors remain stronger than others, while construction and

manufacturing added jobs in February, the overall strength of the industry is depleted following the recession

In summary