Author: wgraham

Wall Street Journal (02/16/24) Weber, Lauren Employers are grappling with a persistent labor shortage, prompting a shift in hiring practices to include individuals without college degrees, who represent a significant portion of the U.S. population over 25. Despite efforts by companies like Medtronic, IBM, and Google to eliminate degree requirements, the increase in job opportunities for non-degree holders remains marginal. Factors contributing to this include

Staffing Industry Analysts (01/31/2024) Employment in the US private sector rose by 107,000 jobs in January, according to the ADP National Employment Report released. However, CNBC reported the figure is lower than the downwardly revised 158,000 in December 2023 and falls below the Dow Jones estimate for 150,000, indicating a potential slowdown in the US labor market for the year. ADP noted that the hiring slowdown

Staffing Industry Analysts (01/25/2024) US real gross domestic product increased at an annual rate of 3.3% in the fourth quarter of 2023, according to the advance estimate released by the US Bureau of Economic Analysis. The GDP increased more than economists had projected but less than the third-quarter growth of 4.9%. Economists polled by Reuters had forecast GDP rising at a 2.0% rate. Reuters reported the economy

Wall Street Journal (01/25/24) Rubin, Gabriel T. The U.S. economy grew 3.1% over the last year, defying forecasts of a recession as a resilient labor market supported robust consumer spending. The year was capped by a fourth quarter in which the economy grew at a 3.3% seasonally and inflation-adjusted annualized pace, according to the U.S. Department of Commerce. The quarterly reading was a slowdown from