Category: Employers

Employers

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 and private educational services, while state and local government, durable

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Employers

Economy Forecast for Second Half of 2024

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

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Employers

Job Openings Hit Three-Year Low in April 2024

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

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Employers

Upgraded GDP Growth Projections and Job Addition Estimates

Staffing Industry Analysts (05/13/24) The Federal Reserve Bank of Philadelphia’s latest Survey of Professional Forecast, released on May 10, upgraded the projected US GDP growth for this quarter to 2.1%, up from the previous estimate of 1.5%. The full-year 2024 GDP growth projection also increased to 2.5% from 2.4%, with the 2025 estimate rising to 1.9% from 1.8%. Although the 2026 forecast dipped, 2027 is

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Employers

Private Sector Employment Increased by 192,000 in April

ADP News Release (05/01/24) In April, private sector employment in the US increased by 192,000 jobs, with annual pay rising by 5.0%, according to the latest ADP National Employment Report. Despite broad-based hiring, the information sector (telecommunications, media, and IT) experienced job losses and minimal pay gains compared to previous months. This article originally appeared on mediacenter.adp.com. Use this link to see the full article:

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Employers

Manufacturing Activity Contracted in April

PRNewswire (05/01/24) In April, the manufacturing sector experienced a contraction after a brief period of expansion, as reported by the Institute for Supply Management (ISM). ISM’s purchasing manager’s index (PMI) dropped to 49.2% from March’s 50.3%, marking a return to contraction after one month of growth. Despite this, the overall economy continued its expansion, maintaining a streak that started in May 2020. The Employment Index

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