Category: News

August 5, 2020

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

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
Major reason why workers choose to temp: Pathway to traditional employment, SIA report

Major reason why workers choose to temp: Pathway to traditional employment, SIA report

Released on August 4, 2020 One of the primary reasons temporary workers choose to temporary work is as a way of finding a traditional/permanent job or because they think temporary work will lead to a permanent job, according to SIA’s “Temporary Work Survey 2020” report. It found that 49% of temporary workers choose to tempRead More

August 3, 2020

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

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

July 29, 2020

Consumer confidence falls in July, but more upbeat on jobs

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

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

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

July 27, 2020

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

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
US leading index rises in June but still points to recession

US leading index rises in June but still points to recession

Released on July 23, 2020 The Conference Board Leading Economic Index for the US improved in June for the second consecutive month; however, the economic outlook remains weak. The index rose 2.0% in June to a reading of 102.0; this follows an increase of 3.2% in May and a decline of 6.3% in April. “TheRead More

July 22, 2020

US economy under a ‘fog of uncertainty’ as pandemic continues

US economy under a ‘fog of uncertainty’ as pandemic continues

Released on July 15, 2020 The US economy remains under a fog of uncertainty amid the ongoing Covid-19 crisis, and healing the labor market may take some time, according to Lael Brainard, a member of the US Federal Reserve System’s Board of Governors. “A thick fog of uncertainty still surrounds us, and downside risks predominate,”Read More

July 15, 2020

US businesses less optimistic in June due to greater uncertainty around Covid-19

US businesses less optimistic in June due to greater uncertainty around Covid-19

Released on July 13, 2020 US private-sector firms were less optimistic in June as companies expressed greater uncertainty surrounding Covid-19 and the subsequent impact on the private sector, according to the IHS Markit US Business Outlook released today. Employment expectations dropped to the lowest since February 2017. Private sector firms continued to forecast a riseRead More