U.S. Economy Grew 2.8% in Q2 2024

Washington Post (07/25/24) Bhattarai, Abha In the second quarter, the U.S. economy grew at an annualized rate of 2.8%, capping two years of strong expansion despite some signs of slowing. This growth, which doubled the 1.4% rate from the previous quarter, was primarily driven by consumer spending and business investments, with continued government spending also […]

Graham Personnel Services Becomes a Family Forward NC Certified Employer

GREENSBORO, NC (July 10, 2024) – At Graham Personnel Services (GPS), we believe our employees are our greatest asset and we are committed to the health and well-being of our employees and their families. That’s why we’re thrilled to announce that we’ve been designated a Family Forward NC Certified Employer! Family Forward NC is an […]

Employment Trends Index Decreased in June 2024

PRNewswire (07/08/24) In June, The Conference Board’s Employment Trends Index (ETI) declined to 110.27 from 111.04 in May, marking a continued decrease since its peak in March 2022. This drop suggests potential employment reductions in the latter half of 2024, although the index remains higher than its pre-pandemic level. Payroll growth remains strong but has […]

BLS June 2024 Job Report

U.S. Bureau of Labor Statistics (07/05/24) In June, total nonfarm payroll employment rose by 206,000, with gains in government, health care, social assistance, and construction, according to the Bureau of Labor Statistics. The unemployment rate remained relatively stable at 4.1%, with 6.8 million unemployed people, both figures showing an increase compared to the previous year’s […]

May 2024 Job Openings, Hires, and Separations

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 […]

Job Switching Declines as Labor Market Cools

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%, […]