Us GDP Rises 6.9% in Q4, Full-Year Growth at Strongest Pace Since 1984
US real gross domestic product increased at an annual rate of 6.9% in the fourth quarter, following an increase of 2.3% in the third quarter, the US Bureau of Economic Analysis reported. The data is based on an advance estimate. The economy grew 5.7% for the full year, a stark improvement from a 3.4% decline […]
U.S. Wage Growth Increased Substantially in Q4
ADP News Release (01/26/22) Fourth quarter U.S. wage growth increased 4.4%, according to the ADP Research Institute Workforce Vitality Report. Wage growth for both job holders and job switchers hit all-time highs of 5.9% and 8.0% respectively. Wage growth for Generation Z (24 years old and younger) job holders saw the largest wage gains in […]
Business Conditions Looking Up, but Labor Shortage Remains an Issue: Nabe
Business conditions in the US remained strong, according to the Business Conditions Survey released today by the National Association for Business Economics. A majority of NABE member respondents to the survey, 65%, reported sales at their firms increased in the fourth quarter. However, labor shortages remained an issue. “The positive results and outlook come despite […]
Supply Chain Disruptions To Continue Through This Year, Businesses Will Pay More for Labor
Business will be forced to pay more for labor this year — especially service workers — as the global supply chain remains strained, according to a report by analytics firm IHS Markit. Services workers are among the most in danger of contracting Covid and been among the most hesitant to return to work. Other factors […]
US Employers Increase Salary Projections for This Year
US employers are boosting their salary increase projections for this year, according to a survey taken of 1,004 US companies in October and November by WTW, the new brand for Willis Towers Watson. It found that nearly a third of US companies increased their salary projections from earlier in the year. Companies are now budgeting […]
New Year, New Career! Career Fair at Greensboro Coliseum on 1.27.22
IMPORTANT ANNOUNCEMENT: With the safety of all in mind, the Career Center of the Southeast has postponed the job fair that was scheduled for Wednesday, January 19 to instead take place on Thursday, January 27. Please stay safe and we look forward to seeing you then! Greensboro, NC- Are you ready for a new career […]