US job growth slows in July, employment rises by just 167,000

Released on August 5, 2020 The US added 167,000 private sector jobs in July compared to the previous month, but the growth was below the employment increases seen in May and June, according to the ADP National Employment Report. ADP’s report had logged increases of 4.3 million jobs month-over-month in June and 3.3 million inRead More

Jobless claims down to approximately 1.2 million, new low for pandemic

Released on August 6, 2020 US jobless claims fell by nearly a quarter million last week to 1.19 million; it was the lowest level for the pandemic, MarketWatch reported. Economists polled by the news agency had expected 1.4 million claims for unemployment insurance. However, it noted that new jobs added in July to be just aRead More

CNBC Article: Op-ed: More companies will offer remote work at price of staff position. Take the deal.

Released on July 31, 2020 The pandemic was just the tipping point for the emerging interim economy. The word “interim” literally translates from its Latin origins as “the time in between.” For businesses, the next two years will be a time in which they either adapt or disappear. If we succeed in restoring “a million jobsRead More

Covid-19 increases difficulty for employers, frustration for job seekers

Released on July 29, 2020 Covid-19 appears to have made the struggle by employers to find qualified candidates more difficult as well as increased frustration by job candidates when they don’t hear back from potential employers, according to the “State of Online Recruiting Report” released by jobs website iHire. “As recently unemployed professionals flood theRead More

Consumer confidence falls in July, but more upbeat on jobs

Released on July 28, 2020 The Conference Board Consumer Confidence Index fell in July following a large gain in June, raising uncertainty about the recovery. “Looking ahead, consumers have grown less optimistic about the short-term outlook for the economy and labor market and remain subdued about their financial prospects,” said Lynn Franco, senior director ofRead More

Job board says applications jumped in Q2, biggest spike is in marketing

Released on July 27, 2020 Applications for US jobs increased by 11.3% in the second quarter, job board Resume-Library reported today. It also found that marketing was the industry that saw the biggest spike in people looking for work. “Millions of Americans have had no choice but to file for unemployment, as businesses continue toRead More

Covid-19 may be reducing skills shortage, hiring outlook improves

Released on July 27, 2020 Covid-19 may be taking a bite out of the skills shortage, according to the “Business Conditions Survey” released today by the National Association for Business Economics. The report, which is based on a survey of 104 NABE members, found 16% reported skilled labor shortages compared to 21% who said theRead More

Wages rise 6% in Q2 as pandemic hits less-tenured and lower-paid workers

Released on July 22, 2020 US workers’ wages rose to 6.0% to $30.25 per hour in the second quarter, according to the ADP Research Institute’s Workforce Vitality Report released today. On the other hand, job growth decelerated 10.2% from the first quarter. Year-over-year wage growth across all workers spiked in the second quarter as a result ofRead More