Author: wgraham

Employers

Lowest-Paid Workers Are Seeing Their Wages Surge

MarketWatch (03/22/24) The Economic Policy Institute’s report reveals that from 2019 to 2023, the real wages of the lowest-paid workers surged by 12.1%, outpacing other earners, due to minimum wage hikes, stimulus payments, and a tight labor market. However, despite these gains, the lowest-earning 10% of workers still earn less than $13.52 per hour. Certain low-wage workers, particularly job-switchers, are better off post-pandemic, narrowing the

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Job Seekers

GTCC Spring Job Fair on March 27, 2024

Looking for a job in Greensboro or the Triad area? Join us at the Guilford Technical Community College (GTCC) Spring Job Fair on March 27th at their Jamestown Campus! Our GPS team will be there from 10:00 AM to 1:00 PM to discuss opportunities in light industrial, professional, clerical, and more. Event Details: Wednesday, March 27th 10:00 AM – 1:00 PM GTCC Jamestown Campus, 601

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Employers

Turnover Stays High in These Industries

USA Today (03/18/24) Workers in certain industries continue to quit their jobs at elevated rates, often to secure better-paying positions. Sectors experiencing higher turnover are offering substantial pay increases to attract and retain talent. Personal care services (+0.4%); transportation, warehousing, and utilities (+0.2%); information (+0.1%); and manufacturing (+0.1%), are experiencing higher quits rates compared to pre-pandemic levels according to a Moody’s Analytics analysis of data

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Employers

Why is it Difficult for Some Workers to Find a Job?

MarketWatch (03/11/24) The U.S. labor market appears robust overall, with more than three million jobs added in 2023 and the unemployment rate hovering below 4% for two years, a feat last achieved in the 1960s. However, this growth is mainly concentrated in sectors like government, health care, and hospitality, leaving other industries with slower hiring or job losses. While workers in growing sectors enjoy job

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Employers

Job Growth Remains Strong in February 2024

SHRM (03/08/24) In February, U.S. employers added 275,000 new jobs, maintaining the country’s historic labor market expansion, as reported by the U.S. Bureau of Labor Statistics (BLS). Job growth was strong across various sectors, although the unemployment rate slightly rose from 3.7 percent to 3.9 percent, while wage gains slowed, reflecting decreased inflation. Despite the robust headline growth number, there’s a cautionary note from economists

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Employers

Forecasted Stronger Economic Growth of 2.2% in 2024

National Association for Business Economics (02/26/24) According to the February NABE Outlook Survey, panelists have significantly raised their projections for U.S. economic growth in 2024, now expecting a 2.2% increase in inflation-adjusted gross domestic product compared to the previous forecast of 1.3% in December 2023. This upward revision is driven by improvements across key sectors including personal consumption, nonresidential and residential investments, and government expenditures.

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