Private sector employers added 113,000 jobs in October, according to the latest ADP National Employment Report. This follows the addition of 89,000 jobs last month. Annual pay increased 5.7% year-over-year, down slightly from September.
“No single industry dominated hiring this...
The business environment proved more challenging during Q3 of 2023, according to the October 2023 National Association for Business Economics (NABE) Business Conditions Survey. According to NABE President Ellen Zentner, sales are growing, but at a slower pace, and...
The tightness in the labor market is continuing to ease, according to the latest Fed Beige Book report, released October 18. The report is based on information collected from the various Federal Reserve districts and summarizes comments from contacts...
Small and midsize business CEOs are feeling slightly better than last quarter, according to the latest Vistage CEO Confidence Index. The index reading ticked up to 76, continuing an upward trend for the year.
However, SMB CEO confidence is still...
Total nonfarm payroll employment rose by +336,000 in September, according to data from the Bureau of Labor Statistics. The increase is much higher than the previous month and almost twice what had been forecast. The unemployment rate remained steady...
Private sector employment was up +89,000 jobs last month, according to ADP's September National Employment Report. That's down from a revised +180,000 in August and represents the slowest pace of growth since January 2021. Annual pay is up 5.9%...
The number of job openings rose 5.8% (+690,000) to 9.6 million in August, according to the latest Job Openings and Labor Turnover Summary (JOLTS) report from the Bureau of Labor Statistics. The number of hires and total separations were...
Our top articles for September include a guest piece that explores the positive impacts of candidate care in the hiring process, highlights from BLS and SIA industry reports, and a podcast episode about the future of AI in staffing.
#1....
A majority of job seekers (62.7%) are hopeful that they'll find a job that matches their goals and skills in the next three months, according to Aerotek's Summer 2023 Job-Seeker Survey. Only 10% are not hopeful, and the rest...
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...