CEOs’ Biggest Worries for 2023

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 […]

Labor Shortages and Talent Retention Are the Top Concerns for CEOs

Staffing Industry Analysts (01/12/23) Inflation eased in December. CEOs reported slower growth is a top concern along with a recession. Jobless claims declined. Inflation Inflation cooled in December, according to monthly numbers out today. The Consumer Price Index for All Urban Consumers fell 0.1% in December on a seasonally adjusted basis. This is the first […]

Labor Force Participation to Decline in 2023

PRNewswire (01/09/23) The Conference Board Employment Trends Index declined in December to 116.31 from a downwardly revised 117.14 in November. “The number of employees working in temporary help services—a component of the ETI and an important leading indicator for hiring—has fallen for five consecutive months and may foreshadow weaker job gains or even job losses […]

US Private Sector Adds 235,000 Jobs in December

Staffing Industry Analysts (01/05/23) Employment in the US private-sector rose by 235,000 jobs in December, according to the ADP National Employment Report released. The report also found annual pay was up 7.3% in December. ADP noted the job growth seen in November and December was led by consumer-facing service industries, with small and midsize establishments […]

US Job Openings Slip By Just 0.5% in November

Staffing Industry Analysts (01/04/23) The number of US job openings were little changed in November, falling by just 0.5% as demand for workers remains high, according to data released by the US Bureau of Labor Statistics. “Job openings were revised upwards from 10.3 million to 10.5 million in October and held steady in November — […]

Quits Have Topped 4.0 Million for a Record 18 Consecutive Months

MarketWatch (01/04/23) Bartash, Jeffry Job openings in the U.S. declined a bit to 10.46 million in November, but workers were still quitting in droves in a sign the labor market remains quite strong. Job listings dropped from 10.51 million in October, according to the U.S. Department of Labor. However, openings in October also were revised […]