Month: September 2020

Staffing Industry Analysts- 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, VP and co-head of the ADP Research Institute. “In

Belk College Economist John Connaughton predicts a rebound in 2021 The new year could bring a resurgence for North Carolina’s economy, which took a historic hit this spring due to the COVID-19 pandemic, according to John Connaughton, director of the Barings/UNC Charlotte Economic Forecast. “While 2021 represents the first full year of the economic comeback from the COVID-19 recession, it is likely to take until

Federal Reserve Bank of Richmond (09/22/20) Mid-Atlantic manufacturing activity improved in September, according to the Federal Reserve Bank of Richmond. The composite index climbed from 18 in August to 21 in September, buoyed by increases in the indicators for new orders and employment. The third component index—shipments—decreased but remained positive, suggesting continued expansion. Survey results also reflected improvement in local business conditions and increased capital

Wall Street Journal (09/10/20) Torry, Harriet; DeBarros, Anthony The economy and labor market are recovering from the coronavirus-related downturn more quickly than previously expected, according to a survey of 62 economists by the Wall Street Journal. Economists expect gross domestic product to increase at an annualized rate of 23.9% in the third quarter, which is sharply up from an expectation of an 18.3% growth rate in