Staffing Industry Analysts (09/02/22) Total employment in the US rose by 315,000 jobs in August from July, a smaller gain than the 526,000 jobs added in July (as revised), the US Bureau of Labor Statistics reported. Temp jobs, meanwhile, rose by 11,600 in August — a bigger increase than the 8,500 added in July. Year over year, the number of temp jobs in August was
ADP News Release (08/31/22) Private sector employment increased by 132,000 jobs in August and annual pay was up 7.6%, according to the August ADP National Employment Report. “Our data suggests a shift toward a more conservative pace of hiring, possibly as companies try to decipher the economy’s conflicting signals,” said Nela Richardson, chief economist, ADP. “We could be at an inflection point, from super-charged job
By Jeff Cox CNBC (08/30/2022) KEY POINTS Available job positions in July totaled 11.24 million for the month, well in excess of the 10.3 million FactSet estimate. That total also was nearly double the total pool of available workers, which stood at 5.67 million for the month. There were nearly 1 million more job openings than expected in July, an inflationary sign that the U.S.
The Hill (08/30/2022) Sylvan Lane The July Job Openings and Labor Turnover (JOLTS) report illustrates a resilient job market, despite rising interest rates aimed at alleviating labor shortages. With approximately 11.2 million job openings in July, holding steady from June, there are nearly two job openings per unemployed American. While this challenges the Federal Reserve’s desired metric decline, it signals ongoing hiring difficulties for some employers,
By Sarah Hansen – Money.com (08/30/22) The Great Resignation may be waning, but workers are still looking for a raise. Since April of last year, people have searched for jobs that pay $20 per hour more than they’ve searched for jobs that pay $15 per hour, according to a new analysis from Indeed’s Hiring Lab. That’s a change from 2019 and 2020, when job searches
Staffing Industry Analysts (08/26/2022) On average, contingent labor makes up 28% of a large company’s workforce, according to a report released earlier this month by MBO Partners. MBO Partners defines contingent labor as all non-permanent workers, including temporary agency workers, internal temporary workers, freelancers, independent contractors and statement-of-work consultants. Over the next 18 months, 67% of corporations expect their use of contingent labor to increase.
