Day: April 20, 2021

Labor Shortage in the Reopening Economy

Business Insider (04/16/21) The pandemic cost millions of Americans their jobs, and while the Bureau of Labor Statistics found that 9.7 million of them are actively seeking work, businesses are reporting significant labor shortages. Weekly jobless claims are at a pandemic-era low just this past Thursday, but businesses, particularly in the restaurant and service industries, are still struggling to hire. The National Restaurant Association has found that staffing at

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Employers

Labor Forecast Predicts 45% Increase in Demand for Temporary Workers for Q2

Globe Newswire (04/13/21) Demand for temporary workers in the U.S. is expected to increase 45.0% on a seasonally adjusted basis for the 2021 second quarter, when compared with the same period in 2020, according to the Palmer Forecast by G. Palmer & Associates. The Palmer Forecast indicated an 8.6% decrease in temporary help for the 2021 first quarter. Actual results as reported by the U.S.

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Employers

US Temporary Staffing Revenue to Grow By 11% This Year, Will Surpass 2019 Pre-Pandemic Level

Staffing Industry Analysts (04/14/21) US temporary staffing revenue will grow by 11% this year to a total of $134.7 billion — surpassing the pre-pandemic level in 2019, according to the “US staffing industry forecast: April 2021 update” report released Tuesday by SIA. Temporary staffing revenue had fallen by 8% last year as Covid-19 took hold and measures to fight the disease also hit the economy.

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Employers

Economic Activity, Employment Growth Accelerate

U.S. Bureau of Labor Statistics (04/14/21) National economic activity accelerated to a moderate pace from late February to early April. Consumer spending strengthened. The picture in nonfinancial services generally improved, partly supported by strengthening demand for transportation, professional and business, and leisure and hospitality services. Despite widespread supply chain disruptions, manufacturing activity expanded further with half the Federal Reserve Districts citing robust growth. Outlooks were

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