Quits Rate Unchanged, Job Openings Decline in August: BLS Data By Staffing Hub Writer (10/04/22) The number of quits was relatively unchanged for the month of August, and held steady at 4.2 million according to the most recent BLS Job Openings and Labor Turnover Summary. This number matched July’s 4.2 million quits. The quits rate was also unchanged at 2.7%. The last business day of August saw a
Associated Press (09/29/22) Hadero, Haleluya Amazon announced that it will boost its average starting pay for frontline workers to $19 an hour, up from $18, to attract more workers ahead of the holiday season amid a tight labor market. Next month, the company said hourly wages for warehouse and transportation workers will range from $16 to $26, based on position and location. Amazon’s minimum wage
Federal Reserve Bank of Richmond (09/28/22) Financial decision-makers lowered their expectations for real growth in gross domestic product during the third quarter amid concerns over inflation and trouble finding skilled labor, according to a survey of chief financial officers by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta. CFOs said their optimism about the overall economy rose modestly
Staffing Industry Analysts (09/14/22) US staffing revenue is projected to grow 14% this year to reach a record of $212.8 billion, according to the newly released “US Staffing Industry Forecast: September 2022 Update” report by Staffing Industry Analysts. Many growth estimates for professional staffing segments were raised since SIA’s last forecast in May. The most dramatic change was in healthcare staffing revenue; it’s now projected
U.S. Federal Reserve (09/07/22) Economic activity was unchanged, on balance, since early July, with five Districts reporting slight to modest growth in activity and five others reporting slight to modest softening. Most Districts reported steady consumer spending as households continued to trade down and to shift spending away from discretionary goods and toward food and other essential items. Manufacturing activity grew in several Districts, although
By Akayla Gardner Bloomberg.com (09/06/22) Labor Secretary Marty Walsh said the US will eventually need to overhaul the nation’s immigration system, calling the lack of available workers to fill jobs a “bigger threat” to the economy than inflation. “We don’t have enough workers in the United States of America to fill all the job openings that are out there,” Walsh said Tuesday in an interview
