US private sector off to strong start, but labor market news disappoints: IHS Markit

Released on January 22, 2021 The US private sector got off to a strong start in 2021, according to a report out today by IHS Markit, an analysis firm. However, concerns remain, and there was disappointing news on the labor market. IHS Markit cited its US composite PMI Output Index, saying the US private sector regainedRead More

Move by White House stops rule on independent contractor classification (National Law Review)

Released on January 25, 2021 The White House issued a memorandum asking agencies to stop all non-emergency rulemaking and regulatory activity pending review by the new administration; the memo will in effect do away with a final rule on independent contractor classification, the National Law Review reported. The rule would have made it easier for companies inRead 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

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

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

U.S. Employers Expect More Hiring, Higher Recruiting Budgets and More Perks

NEW YORK, June 8, 2017 /PRNewswire/ -- A record number of hiring managers in the U.S. anticipate more hiring in the next six months, according to the semi-annual hiring survey from DHI Group, Inc. (NYSE: DHX), a leading online career resource and talent acquisition platform for technology professionals and other select professional communities. The expected riseRead More