Author: wgraham

CNBC (02/03/2023) Cox, Jeff KEY POINTS The January jobs report showed nonfarm payrolls increased by 517,000, far higher than the 187,000 market estimate. The unemployment rate fell to 3.4% versus the estimate for 3.6%. That is the lowest jobless level since May 1969. Leisure and hospitality added 128,000 jobs to lead all sectors. Other significant gainers were professional and business services (82,000), government (74,000) and

Wall Street Journal (01/27/23) Lahart, Justin The Covid crisis roiled the U.S. job market, but jobs came roaring back, although not all workers did. Economists now are warning about a recession, but America still seems short of workers. At the end of November, the U.S. Department of Labor recorded 1.7 unfilled jobs for each person counted as unemployed. The highest the ratio got in the

PRNewswire (01/18/23) Seventy percent of business leaders anticipate their revenue will increase year-to-year, according to a survey of 450 businesses with five to 500 employees by Paychex Inc. Inflation (72%) is the number one business concern regardless of company size, followed by the economy (57%) and interest rates (44%). Staffing (46%) is the top operational challenge, in addition to the supply chain (38%) and keeping

Conference Board News Release (01/12/23) Slow growth and a recession are the top external worries of U.S. chief executive officers in 2023, according to a survey of nearly 700 CEOs and more than 450 other c-suite executives by the Conference Board. Sixty percent of U.S. CEOs expect a tepid year ahead, with the economy only picking back up by late 2023 or mid-2024. Inflation ranks