Author: wgraham

Staffing Industry Analysts (05/13/24) The Federal Reserve Bank of Philadelphia’s latest Survey of Professional Forecast, released on May 10, upgraded the projected US GDP growth for this quarter to 2.1%, up from the previous estimate of 1.5%. The full-year 2024 GDP growth projection also increased to 2.5% from 2.4%, with the 2025 estimate rising to 1.9% from 1.8%. Although the 2026 forecast dipped, 2027 is

ADP News Release (05/01/24) In April, private sector employment in the US increased by 192,000 jobs, with annual pay rising by 5.0%, according to the latest ADP National Employment Report. Despite broad-based hiring, the information sector (telecommunications, media, and IT) experienced job losses and minimal pay gains compared to previous months. This article originally appeared on mediacenter.adp.com. Use this link to see the full article:

PRNewswire (05/01/24) In April, the manufacturing sector experienced a contraction after a brief period of expansion, as reported by the Institute for Supply Management (ISM). ISM’s purchasing manager’s index (PMI) dropped to 49.2% from March’s 50.3%, marking a return to contraction after one month of growth. Despite this, the overall economy continued its expansion, maintaining a streak that started in May 2020. The Employment Index

US Bureau of Labor Statistics (05/01/24) In March, the number of job openings in the US remained relatively stable at 8.5 million, according to the Job Openings and Labor Turnover Survey by the US Bureau of Labor Statistics. Hires and total separations saw little change, with quits and layoffs remaining steady. Job openings decreased in construction and finance but increased in state and local government