Monday, January 11, 2010

Census Jobs May Jump-Start U.S. Employment Rebound in 2010

http://www.bloomberg.com/apps/news?pid=20601109&sid=aEws7wrt8FY0



Economists’ payroll estimates for the year exclude the census numbers since the jobs created are temporary, with most disappearing by the end of the third quarter and the rest gone by December.

The stimulus bill President Barack Obama signed in February and additional funding by Congress provided enough money to hire 1.4 million Americans in total for the census, almost three times as many as in 2000. About 160,000 were already employed last year to do preliminary work.

The Census Bureau anticipates hiring about 181,000 workers from January through March and about 971,000 in the following three months.

First Five Months

The economy may add about 700,000 jobs in May alone, mostly because of the census, Gault said. Even Maki’s more optimistic assessment of the employment outlook means the U.S. may take years to recover the 7.2 million jobs lost since the recession began in December 2007.

“The bulk of these employees are from the low end of the income distribution; they are cash-constrained