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

US private-sector employment drops for first time since April as Covid surges

Released on January 6, 2021 Private-sector employment fell by 123,000 jobs in December compared to November as Covid-19 surged, according to the ADP National Employment Report released today. “As the impact of the pandemic on the labor market intensifies, December posted the first decline since April 2020,” said Ahu Yildirmaz, VP and co-head of theRead More

US adds jobs in November at slowest rate since July: ADP

Released on December 2, 2020 The US added 307,000 private-sector jobs in November when compared to October, according to the ADP National Employment Report released today. It was the lowest month-over-month gain since July. “While November saw employment gains, the pace continues to slow,” said Ahu Yildirmaz, VP and co-head of the ADP Research Institute.Read More

US economy’s moderate expansion slows; Covid surge raises concerns including labor supply challenges

Released on December 3, 2020 While the US economy has continued a moderate expansion, economic activity began to slow in early November as Covid-19 cases surged, according to the US Federal Reserve’s Beige Book report. Businesses cited concerns over the pandemic and mandated restrictions. Employment has also been on the rise, according to the report.Read 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

Online job ads index rises in August

Released on September 11, 2020 The Conference Board-Burning Glass Help Wanted OnLine Index of help-wanted ads rose in August to a reading of 105.1 from July’s reading of 103.4. The organizations noted the index is also up 0.8% compared to a year ago. The Conference Board produces the index in collaboration with Burning Glass Technologies,Read More

53% of those interested in flexible work are currently earning less than half of pre-pandemic income

Released on August 12, 2020 The pandemic has taken a bite out of financial stability, according to a survey of 1,100 US based people interested in flexible work. It found that 53% of people are currently earning half or less than their pre-pandemic income. It also found that 44% reported they are currently struggling financially,Read More