Unemployment Projections for 2023 – 2025

Staffing Industry Analysts (11/14/22) The US economy looks weaker than it did in August, according to the fourth-quarter Philadelphia Federal Reserve’s Survey of Professional Forecasters. US GDP growth is expected to grow at 1.0% this quarter, down from 1.2% in the previous forecast. Forecasters also lowered their growth forecasts for the next three quarters. For […]

Employment Trends Index Declined in October

PRNewswire (11/07/22) The Conference Board Employment Trends Index dropped in October to 119.57, down from an upwardly revised 120.73 in September 2022. “Job growth will likely continue over the next months, albeit at a slowing pace,” said Frank Steemers, senior economist at the Conference Board. “Indeed, the labor market remains resilient with job gains still […]

Job Openings Jump in September

MarketWatch (11/01/22) Bartash, Jeffry Job openings increased to 10.7 million in September from 10.3 million in August, according to the U.S. Department of Labor. Although companies still have a high number of open jobs, the total has dropped from a record 11.9 million in March. Yet the U.S. Federal Reserve would like the mismatch between […]

US Job Openings Rise to 10.7 Million in September

Staffing Industry Analysts (11/1/22) US job openings rose 4.3% in September from August, and they were up 0.4% year over year, according to data released on November 1, 2022, by the US Bureau of Labor Statistics. However, the number of hires fell and fewer people quit their jobs in September. “The JOLTS report says that […]

US Labor Costs Rise at Firm Pace, Keeping Fed Hikes on Track

Bloomberg (10/28/22) US employment costs rose at a firm pace in the third quarter, underscoring persistent inflationary pressures that will keep the Federal Reserve on a course of steep interest-rate hikes. The employment cost index, a broad gauge of wages and benefits, increased 1.2% in the July-September period, according to Labor Department figures released Friday. The […]

Greensboro Hiring Event on November 2, 2022

Are you interested in a new job? Graham Personnel Services (GPS) will be at the NCWorks NextGen Hiring Event on Wednesday, November 2nd! Come speak to one of our team members to learn about our many openings throughout the Triad in manufacturing, logistics, clerical, accounting/finance, professional, and more. Wednesday, November 2 9:00 am – 1:00 […]