The latest employment data in the advertising industry
“Employment in advertising, public relations and related services jumped in February, tying the record for the biggest single-month gain on record,” Ad Age Datacenter’s Bradley Johnson reportsciting data from the Bureau of Labor Statistics (BLS) just-released monthly jobs report.
Essential context: Employment in the United States in the BLS classification of advertising, public relations and related services “jumped to 466,100 jobs in February based on unadjusted numbers,” Johnson notes. “February’s job gain of 8,500 tied the record for the largest monthly increase in advertising jobs since the BLS began tracking this job category in 1990. (June 2006 also marked an increase of 8 500 jobs.)”
Continue reading here for Johnson’s in-depth analyzes (with charts) of employment in the advertising industry by various BLS subcategories, including advertising agencies.
News and macroeconomic data in brief
• “America added 678,000 jobs in February, smashing forecasts” CNN reports.
• “U.S. jobless claims fall to lowest level since start of year” by Bloomberg News.
• “Fed’s Powell Says Ukraine War Creates Higher Inflation Risks” according to the Wall Street Journal.
See also: “How the Marketing Industry is Responding to the War in Ukraine” of the age of the announcements.