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...
The Conference Board Employment Trends Index (ETI) climbed almost 2 points in July, signaling that employment is likely to grow. This follows two months of declines.
Selcuk Eren, Senior Economist at The Conference Board, commented: "The Index peaked in March...
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,...
