Quits Average More Than 4 Million for the 17 Consecutive Month

Staffing Hub (01/04/23) The number of quits inched up to 4.2 million during the month of November, according to the most recent BLS Job Openings and Labor Turnover Summary. This is slightly more than the 4.0 million quits reported in October. The quits rate increased to 2.7%, up from 2.6% the previous month. The number of job openings […]

Triad to See Employment Boom in 2023

RICHARD CRAVER, Greensboro News and Record (12/31/22) For Greensboro and Guilford County economic developers, workforce trainers and residential and commercial real-estate firms, 2023 will be a year of speculation. The first of several waves of hiring is slated to begin in earnest for two employers planting what are hoped to be deep roots in the […]

4.6% Unemployment Predicted by the End of 2023

Associated Press (12/14/22) Rugaber, Christopher The U.S. Federal Reserve announced a substantial increase in its benchmark rate, now ranging from 4.25% to 4.5%, the highest in 15 years, aiming to combat the highest inflation levels in four decades. Chair Jerome Powell emphasized the necessity of significantly higher rates to address inflation concerns. Projections indicate a […]

21 Phone Interview Tips That Can Help You Secure a Second Interview

Do you have a phone interview coming up? Check out Career Contessa’s top tips to ace your phone interview, including common phone interview questions. Read the full article here. Before the Interview: 1. Understand Who’s Calling 2. Write Back About Scheduling ASAP—And Spellcheck! 3. Print Out the Job Description 4. Research the Company on LinkedIn […]

No Labor Cavalry Coming to the Rescue

Reuters (12/08/22) Schneider, Howard The movement of people into and out of the U.S. labor force has shifted against the U.S. Federal Reserve’s wish that an increasing supply of workers will help tame inflation. The coronavirus pandemic resulted in a huge dislocation in the job market, with tens of millions at least temporarily unemployed. Fed […]

Employers Try to Hold Line on Wages, With Mixed Success

Wall Street Journal (12/04/22) Rubin, Gabriel T. There is a tug of war between companies and workers over wage increases, and the outcome is critical for the inflation outlook. Friday’s November jobs report showed annual growth in hourly earnings accelerating to 5.1% from 4.9% in October. Workers continue to be awarded pay hikes, partly due […]