The unemployment rate decreased slightly in July as total nonfarm payroll employment increased by +187,000, according to this month’s BLS jobs report. Unemployment is now 3.5%, down 0.1 percentage point from the previous month, while labor force participation remained...
Private sector employment grew by 324,000 jobs in July, according to the latest ADP National Employment Report. Annual pay for job-stayers was up 6.2% year-over-year, while pay for job-changers was up 10.2%.
“The economy is doing better than expected and...
Our top articles for July include a cheat sheet for the use of ChatGPT in staffing and recruiting, a look at ways staffing business owners can attract and retain top talent, and an article that highlights the struggle to...
The number of job openings was little changed in June, according to today’s Job Openings and Labor Turnover Summary from the BLS. Meanwhile, both hires and total separations declined.
As of the last business day of the month, there were...
71% of business leaders believe that the probability of the U.S. entering a recession in the next 12 months is 50% or less, according to the July 2023 NABE Business Conditions Survey report. That represents a significant improvement from...
The Conference Board Leading Economic Index (LEI) fell 0.7% in June 2023 to 106.1, representing its 15th consecutive month of decline. The index, which provides an early indication of where the economy may be heading in the short term,...
U.S. business leaders are feeling more positive about the economy compared to six months ago. According to JPMorgan Chase’s 2023 Midyear Business Leaders Outlook survey, 45% believe there will be a recession before year-end or that the economy is...
Staffing Industry Analysts' 40 Under 40 list for 2023 is out! This list recognizes industry leaders -- including workforce specialists, entrepreneurs, executives, innovators, creators, influencers, and more -- who are making major contributions to the industry early in their...
The Conference Board Employment Trends Index (ETI) fell from 115.53 in May (downward revision) to 114.31 in June, marking the second consecutive month of decreases and suggesting that job growth will continue to slow.
“We will need to see further...
Our top articles for June include a guest article about the shift from a sales to marketing focus in the staffing industry, a guest piece on AI technology and its impact on the industry, and an overview of recent...