Staffing Industry Analysts (04/04/2023) The number of US job openings fell to 9.9 million in February, a decrease of approximately 632,000 or 6.0% from January, according to seasonally adjusted numbers released by the US Bureau of Labor Statistics. Openings were at their lowest in nearly two years, Yahoo Finance reported. The number of hires was little changed at 6.2 million and 4.0% in February, while total
AP News (03/24/2023) North Carolina’s unemployment rate declined to 3.6% in February, the state Commerce Department announced, marking its lowest level since last June. The seasonally adjusted rate fell from 3.8%, where it had sat for the previous two months. The U.S. rate is also now 3.6%. The state Commerce Department reported over 7,900 more people were employed in February compared to January at 4.98 million
Staff Writer at Staffing Hub (03/13/2023) The Conference Board Employment Trends Index (ETI) inched up to 118.29 in February, up from 118.14 in January (downward revision). “The Employment Trends Index increased in February, but it has mainly been moving sideways over the past year,” said Frank Steemers, Senior Economist at The Conference Board. The index’s steady high suggests strong job growth will continue in the months ahead, but the
Staff Writer at Staffing Hub (03/10/2023) Nonfarm payroll employment rose by 311,000 jobs in February, following the addition of 504,000 jobs in January (downward revision), according to the latest data from the Bureau of Labor Statistics (BLS). February’s job growth is in line with the six-month average of +343,000 jobs. “The U.S. labor market is the strongest it’s been in more than 50 years,” said Nicola Hancock, managing director
ADP News Release (03/08/23) Private sector employment increased by 242,000 jobs in February and annual pay was up 7.2% year-to-year, according to the February ADP National Employment Report. “There is a tradeoff in the labor market right now,” said Nela Richardson, chief economist, ADP. “We’re seeing robust hiring, which is good for the economy and workers, but pay growth is still quite elevated. The modest
Bloomberg (03/08/23) Saraiva, Augusta The number of job openings declined to 10.8 million in January from an upwardly revised 11.2 million a month earlier, according to the U.S. Department of Labor. The median estimate in a Bloomberg survey of economists called for 10.5 million openings. Hiring increased, while the level of layoffs rose to the highest level since December 2020. The quits rate dropped to
