Author: wgraham

U.S. Bureau of Labor Statistics (07/02/24) In May, job openings changed little at 8.1 million, with hires at 5.8 million and total separations at 5.4 million, according to the U.S. Bureau of Labor Statistics. The job openings rate was little changed at 4.9%. Notable changes included a decrease in openings in accommodation and food services and private educational services, while state and local government, durable

Fox Business (06/28/24) Henney, Megan Job hopping is slowing down, with the average rate of workers switching jobs dropping to 3% in May from nearly 3.75% in mid-2022, according to a Bank of America Institute report. During the peak of the Great Resignation in July 2022, job switchers saw an annual pay raise of 8.5%, compared to 6.7% for those who stayed in their jobs.

Staffing Industry Analysts (06/14/24) The US economy performed better than expected in the first half of 2024, with real GDP growing at an annual rate of 2%, according to the Philadelphia Federal Reserve’s June Livingston Survey. However, economists predict slower growth in the second half, with an annual rate of 1.7%, still an improvement from previous forecasts. The unemployment rate is also expected to be

Staffing Industry Analysts (06/04/24) Job openings fell by 296,000 in April, hitting their lowest level since February 2021 and marking a three-year low, according to the US Bureau of Labor Statistics. Despite the decline in job openings and a year-over-year decrease of 1.8 million, hires slightly increased by 23,000 to 5.64 million. Quits also rose by 98,000 to 3.5 million, while layoffs and discharges fell