Author: wgraham

Employers

Economic Growth Slows in Q1, with GDP Below Expectations

Staffing Industry Analysts (04/25/24) In the first quarter of the year, US gross domestic product (GDP) growth decelerated to an annual rate of 1.6%, down from 3.4% in the previous quarter, according to the US Bureau of Economic Analysis. This growth rate was lower than the consensus forecast of 2.2%, reported by US News and World Report. The slowdown primarily resulted from decreased consumer spending,

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Job Seekers

Job Resources, Unemployment, Triad Hiring Trends – WFMY News 2 Feature

WFMY News 2 (04/12/2024) GREENSBORO, N.C. — Will Graham, COO of Graham Personnel Services, and Fred Henry, Assistant Director of External Affairs at GuilfordWorks, joined WFMY News 2‘s 2 Wants To Know newscast with Hunter Funk, Anchor and Journalist. During the segment, they discussed unemployment, Triad hiring trends, and job resources available for Triad job seekers and employers. Watch the segments and learn more below:

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Employers

Employment Boom Leaves Factory Workers Behind

Reuters (04/04/24) Despite a four-year strong overall job market, U.S. factory employment has remained stagnant for over a year due to high interest rates, a slowing economy, and a drop in demand for many manufactured goods after the pandemic. However, experts predict that manufacturing investments and potential interest-rate cuts could lead to job growth in the future, as evidenced by companies hiring in anticipation of

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Employers

Private Sector Employment Increased by 184,000 Jobs in March

ADP News Release (04/03/24) In March, private sector employment surged by 184,000 jobs, accompanied by a significant 5.1% year-to-year increase in annual pay, as reported by the March ADP National Employment Report. “March was surprising not just for the pay gains, but the sectors that recorded them. The three biggest increases for job-changers were in construction, financial services, and manufacturing,” said Nela Richardson, chief economist,

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Manufacturing May Need 3.8 Million Employees by 2033
Employers

Manufacturing May Need 3.8 Million New Employees by 2033

Staffing Industry Analysts (04/03/24) The US manufacturing sector could require 3.8 million new workers by 2033, but over half of these positions might remain vacant due to the skills gap and a shortage of applicants. Digital skills are increasingly essential in manufacturing, with a notable surge in demand for skills such as simulation software expertise. Fast-growing roles in the sector include statisticians, data scientists, engineers,

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Job Openings Changed Little
Employers

Job Openings Changed Little in February

U.S. Bureau of Labor Statistics (04/02/24) In February, the number of job openings changed little at 8.8 million, according to the U.S. Bureau of Labor Statistics. Both hires and separations saw minimal change, with 5.8 million hires and 5.6 million total separations (including 3.5 million quits and 1.7 million layoffs and discharges, which also changed little). Job openings increased in finance and insurance (+126,000); state

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