The first quarter of the year kicked off on a positive note with continued economic improvement based on increased trade, declining unemployment rates and record tourism figures. Based on the Bureau of Labor Statistics, the unemployment rate at the end of the first quarter totaled 9.2%, a slight increase of 0.1% compared to 9.1% at the end of the first quarter in 2012. Despite the sluggish pace towards job recovery, unemployment is expected to continue its decline towards market equilibrium. The fastest growing employment sectors year-over-year included financial activities, wholesale trade, professional and business services and leisure and hospitality.
Source : Cushman & Wakefield