Forecasters See Higher Growth and Stronger Labor Market in 2023

Federal Reserve Bank of Philadelphia (02/10/23) The outlook for the U.S. economy in 2023 looks somewhat better now than it did three months ago, according to a survey of 37 forecasters by the Federal Reserve Bank of Philadelphia. The forecasters anticipate the economy will expand at an annual rate of 0.6% this quarter and 1.0% […]

Unemployment Rate Hits 53-Year Low

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 […]

Job Openings Surge in December 2022

Staffing Industry Analysts (02/01/2023) The number of job openings in the US rose by approximately 572,000, or 5.5%, in December from November, reaching a five-month high of 11.0 million, according to seasonally adjusted numbers released by the US Bureau of Labor Statistics. The increase was unexpected, Reuters reported, and exceeded forecast of 10.25 million job openings […]

Don’t Blame Covid for the Worker Shortage

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 […]

Hiring Immediately in Browns Summit, NC!

Graham Personnel Services is hiring 10 Forklift Operators with Reach Truck and Cherry Picking Experience with a rapidly growing company in Browns Summit, NC! Get started this afternoon! 10 openings in Browns Summit, NC $21.00/HR Sun-Thu 4:00 pm – 12:30 am with OT Forklift Operators with Reach Truck and Cherry Picking Experience Ready to apply, […]

Business Leaders Optimistic, but Staffing Is the Top Operational Challenge

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 […]