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
GREENSBORO- Graham Personnel Services (GPS), an award-winning national full-service staffing firm, is pleased to announce that GPS has been named one of the 2020 Best Places to Work by Triad Business Journal (TBJ), for the fourth year in a row! This year, TBJ is announcing the winners by category. Categories include micro (10-24 employees), small (25-49), medium (50-99), large (100-299) and x-large (300+). The winners cover a myriad
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
Celebrations Planned for National Staffing Employee Week, Sept. 14–20 Greensboro, NC, September 14, 2020- Graham Personnel Services (GPS), an award-winning national full-service staffing firm based in Greensboro, NC, is joining staffing agencies from across the nation in celebrating National Staffing Employee Week, Sept. 14–20. Established by the American Staffing Association, this commemorative week honors the millions of temporary and contract employees working for U.S. staffing agencies each
BNN Bloomberg (09/06/20) Sasso, Michael Manufacturing expanded in August at its fastest pace since late 2018, forcing employers to add more staff to meet demand. However, warehouse and factory owners increasingly find they cannot fill jobs without increasing wages, because people are unwilling to relocate or travel great distances for a low-paid job. Although the unemployment rate declined from its peak of more than 14%
