Lack of US Workers Is ‘Bigger Threat’ Than Inflation
By Akayla Gardner Bloomberg.com (09/06/22) Labor Secretary Marty Walsh said the US will eventually need to overhaul the nation’s immigration system, calling the lack of available workers to fill jobs a “bigger threat” to the economy than inflation. “We don’t have enough workers in the United States of America to fill all the job openings […]
US Adds 315,000 Total Jobs in August While the Number of Temp Jobs Rises by 11,600
Staffing Industry Analysts (09/02/22) Total employment in the US rose by 315,000 jobs in August from July, a smaller gain than the 526,000 jobs added in July (as revised), the US Bureau of Labor Statistics reported. Temp jobs, meanwhile, rose by 11,600 in August — a bigger increase than the 8,500 added in July. Year […]
Private Sector Employment Increased by 132,000 Jobs in August
ADP News Release (08/31/22) Private sector employment increased by 132,000 jobs in August and annual pay was up 7.6%, according to the August ADP National Employment Report. “Our data suggests a shift toward a more conservative pace of hiring, possibly as companies try to decipher the economy’s conflicting signals,” said Nela Richardson, chief economist, ADP. […]
Job Openings Top 11.2 Million in July, Well Above Estimate
By Jeff Cox CNBC (08/30/2022) KEY POINTS Available job positions in July totaled 11.24 million for the month, well in excess of the 10.3 million FactSet estimate. That total also was nearly double the total pool of available workers, which stood at 5.67 million for the month. There were nearly 1 million more job openings […]
Job Openings, Quits Rate Stay Near Record Highs Despite Recession Fears
The Hill (08/30/2022) Sylvan Lane The July Job Openings and Labor Turnover (JOLTS) report illustrates a resilient job market, despite rising interest rates aimed at alleviating labor shortages. With approximately 11.2 million job openings in July, holding steady from June, there are nearly two job openings per unemployed American. While this challenges the Federal Reserve’s desired […]
Job Hunters Are Increasingly Searching for Gigs That Pay $20 (or More) an Hour
By Sarah Hansen – Money.com (08/30/22) The Great Resignation may be waning, but workers are still looking for a raise. Since April of last year, people have searched for jobs that pay $20 per hour more than they’ve searched for jobs that pay $15 per hour, according to a new analysis from Indeed’s Hiring Lab. […]