Category: Employers

Employers

Two-Thirds of Companies Still Have Difficulty Hiring

Staffing Hub (05/09/23) Hiring in the manufacturing and services sectors is easier now compared to last year, according to ISM’s ​​Spring 2023 Semiannual Economic Forecast. The economic outlook survey included three special questions about hiring. Two-thirds (67%) of respondents in both the manufacturing and services sectors reported having difficulty hiring in the past six months. This is lower than the percentages in May and December of

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Production Workers Wages Grow Steadily

New York Times (05/05/23) Smialek, Jeanna Average hourly earnings climbed by 4.4% in the year through April, according to the U.S. Bureau of Labor Statistics. That compared with 4.3% in the previous month, and was more than the 4.2% that economists had expected. The increase in wages compared with the previous month—0.5%—was the fastest since March 2022. Pay for production and nonsupervisory workers climbed by

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Employers

Job Openings Remain on Main Street

National Federation of Independent Business (05/04/23) Small business owners continue to struggle to find workers, with 45% (seasonally adjusted) of all owners reporting job openings they could not fill in the current period, according to the National Federation of Independent Business. The share of owners with unfilled job openings exceeds the 49-year historical average of 23%. Of those hiring or trying to hire, 92% of

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US Job Openings Fall in March to Lowest Level in Nearly Two Years

Staffing Industry Analysts (05/02/23) US job openings in March were at their lowest level since April 2021, according to seasonally adjusted numbers released today by the US Bureau of Labor Statistics. The number of layoffs and discharges ticked upward as well. Job openings fell by 384,000 in March from February to approximately 9.6 million. “Demand for labor is cooling, and the dynamics of the labor

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Employers

GDP Growth Slows in First Quarter to 1.1%

Staffing Industry Analysts (04/27/23) US real gross domestic product grew more slowly than estimated, increasing at an annual rate of 1.1% in the first quarter of 2023, according to the advance estimate released today by the US Bureau of Economic Analysis. The increase marked a slowdown from the 2.6% growth witnessed in the fourth quarter. The deceleration in real GDP from the fourth quarter resulted

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Employers

Small Businesses Struggle to Retain and Engage Employees

Small Businesses Struggle to Retain and Engage Employees in Postpandemic Economy PRNewswire (04/26/23) Small business owners are facing difficulty finding, hiring, and retaining employees, according to a survey of more than 1,500 small business owners by small business mentor Score. Two of their top three concerns are hiring the right talent (60.7%) and retaining and motivating employees (33.0%). Eight in 10 (84.3%) small business employers

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