Labor market recovery continues, ADP report says 749,000 new jobs this month

Released on September 30, 2020 The US private sector added 749,000 jobs in September month over month, an increase compared to August and July, according to the ADP National Employment report released today. The US added 481,000 private-sector jobs in August and 216,000 in July. “The labor market continues to recover gradually,” said Ahu Yildirmaz,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

Pandemic Problems: What’s Keeping Adults Up at Night?

Released on August 26, 2020 Younger Generations Worry About Jobs, Older Generations About Cost Increases Three in four U.S. adults are worried about the rising price of groceries (75%) and the increasing cost of living (74%), which they see continuing over the next year as the nation navigates the pandemic’s impact on the economy andRead 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

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

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

US initial jobless claims fall by 60,000, but recovery remains ‘lethargic’

Released on June 25, 2020 US initial jobless claims fell by 60,000 in the week ended June 20 from the previous week to a total of almost 1.5 million, according to seasonally adjusted numbers released today by the US Department of Labor. However, the previous week’s level was revised upward by 32,000. The four-week movingRead More

Employment Summary for February 2020

February was a big month for hiring, according to the latest Bureau of Labor Statistics report. In fact, employment had such a strong surge that the U.S. posted the best jobs numbers since May 2018, according to Bloomberg. “Payrolls rose 273,000 after the prior month was revised up to also reflect a 273,000 gain, accordingRead More