January Manufacturing Sustains Growth, Supply Difficulties

The Industry for Supply Management’s manufacturing index fell to 58.7%. Ryan Secard FEB 02, 2021 The manufacturing sector continued growing for an eighth straight month in January as the Institute for Supply Management’s Purchasing Manager’s Index for sector growth fell 1.8 points to 58.7% compared to December. The overall economy also grew, sustaining a parallelRead More

US wages rise by 4% in fourth quarter, but loss of low-wage jobs affects average

Released on January 27, 2021 US workers’ wages rose by 4.4% in the fourth quarter with the average wage rising by $1.27 to $30.19 per hour, according to the ADP Research Institute’s Workforce Vitality report. But a look behind the number tells a different story. Average wage growth is higher than expected because of significantRead More

76% of US companies say hiring demand will return to pre-pandemic levels this year: Study

Released on January 21, 2021 Hiring demand will approach, return to or exceed pre-pandemic levels this year, according to the 2021 Future of Recruiting Study published by CareerArc, a provider of a social recruiting platform. Of companies surveyed, 76% believe hiring demand will return this year. CareerArc’s survey also discovered that companies are most concernedRead More

Bah Humbug on the ‘Doom and Gloomers’

Posted by Alan Beaulieu on Dec 23, 2020 10:40:23 AM Here Are Two Reasons Why The headlines trumpeted that Retail Sales fell in November, a move that many did not see coming. For the record, Retail Sales are on track with our forecast. The concern raised by others regarding November’s drop is that consumers have pulled back,Read More

BLS Employment Situation Report: December 2020

Total nonfarm payroll employment in December declined by 140,000 in December, well below the consensus forecast of a job gain of 45,000. The unemployment rate remained unchanged at 6.7 percent or 10.7 million unemployed persons. The Bureau of Labor Statistics (BLS) noted in today’s release that both unemployment measures are much lower than their AprilRead More

Economists Predict Sharp Slowdown Before Outlook Brightens Considerably

BY EMEL AKAN January 14, 2021 Updated: January 14, 2021 WASHINGTON—Economists are forecasting a strong recovery this year but warn of a sharp drop in economic activity in the first quarter before it builds momentum following the winter. The U.S. economy will grow at 3.9 percent over the four quarters of 2021, according to the latest estimates by theRead More

National Staffing Employee Week starts today

Released on September 14, 2020 Today marks the start of National Staffing Employee Week. The week is promoted by the American Staffing Association and aims to enable staffing firms to celebrate the contributions of the millions of contingent workers employed through them. “Staffing companies have played an integral part in economic recovery over the years,Read More

GDP growth in Q2 gets slight upward revision, still biggest decline on record

Released on August 27, 2020 US gross domestic product decreased by slightly less than initially thought in the second quarter, but it remains in a historic decline, according to a new “second” estimate released today by the US Bureau of Economic Analysis. The new estimate is that GDP fell at an annual rate of 31.7%Read More

Consumer confidence falls for second month in row, more downbeat on jobs picture

Released on August 25, 2020 The Conference Board Consumer Confidence Index fell for the second month in a row in August as consumers remain concerned about the outlook ahead. “Consumer spending has rebounded in recent months but increasing concerns amongst consumers about the economic outlook and their financial well-being will likely cause spending to coolRead More

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