The private sector is marking its worst performance since February, according to data released last week by S&P Global. Data from both manufacturers and service providers "indicated muted demand conditions," and "the service economy lost further momentum."
New orders for...
The U.S. staffing industry will end the year with revenue down 10% to $201.7 billion, according to the latest forecast from Staffing Industry Analysts. Next year, the industry as a whole is predicted to grow 3%.
A large chunk of...
The U.S. economy is projected to add almost 4.7 million jobs from 2022 to 2032, according to new BLS projections. Total employment is projected to grow by 0.3% annually, which is slower than the 1.2% annual growth rate between...
The Conference Board Employment Trends Index (ETI) was 113.02 in August, down from a downwardly revised 114.71 in July. This indicates slower growth and job losses may be ahead.
The ETI has trended down since March 2022, but still remains...
Our top articles for August include a look at the 2023 Mid-Year Pulse Survey to gauge how staffing leaders are revising expectations in the second half of the year, a guest article that explores seven components of a solid...
Nonfarm payroll employment continued to climb in August (+187,000 jobs), though at a lower rate than over the previous 12 months (average: +271,000 jobs), according to the BLS Employment Situation report. At the same time, unemployment ticked up to...
The private sector added 177,000 jobs in August, according to ADP’s National Employment Report. That’s down from 324,000 jobs in July.
"This month's numbers are consistent with the pace of job creation before the pandemic," Nela Richardson, ADP’s chief economist,...
The numbers of job openings and quits both fell in July, while hires remained little changed, according to the latest BLS Job Openings and Labor Turnover data.
Job openings were down -338,000 to 8.8 million, their lowest since March 2021....
The Conference Board Leading Economic Index (LEI) fell again in July. The index was down 0.4%, following a 0.7% decline in June. Overall, the LEI has decreased 4% since the beginning of the year.
“The US LEI—which tracks where the...
IT employment was little changed in July, falling just 0.03% during the month, according to TechServe Alliance. Year over year, IT employment is down 2.17% (-118,400 jobs), while engineering is up 2.49% (+68,200 jobs).
“After steeper declines in IT employment...
