Category: Employers

Employers

Hiring Remains a Priority for CEOs

PR Newswire (04/05/22) Small and midsize business (SMB) CEO confidence dropped to 84.3 in the first quarter of 2022, according to the latest CEO Confidence Index from Vistage, a CEO coaching and peer advisory organization. Vistage’s quarterly CEO Confidence Index measures SMB leaders’ sentiment on various economic and business factors each quarter. One of the takeaways that the survey highlighted was that hiring remains a priority

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Employers

Labor Market Continues To Add Jobs but Severe Talent Shortages Impact Recruiting: The Conference Board

Staffing Industry Analysts (04/04/22) The Conference Board Employment Trends Index rose again in March, signaling further solid job growth ahead in the second quarter of this year. However, recruitment and retention difficulties remain high, and the unemployment rate is expected to approach 3% by the end of the year, indicating severe labor shortages throughout 2022. The index rose to a reading of 120.56 in March,

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Job Openings Up 43% Year Over Year in February

Staffing Industry Analysts (03/29/22) There were 11.3 million job openings in the US in February, which is down 0.2% from January but up 43.3% year over year, the US Bureau of Labor Statistics reported. Job openings remained at a near-record level in February, ABC News reported. Job openings fell by 63,000 in “finance and insurance” and by 39,000 in “nondurable goods manufacturing.” However, they rose by

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There Are Now a Record 5 Million More Job Openings Than Unemployed People in the U.S.

CNBC (03/29/2022) Cox, Jeff In February, job openings slightly decreased to approximately 11.3 million, still significantly surpassing the number of unemployed workers by about 5 million. The Great Resignation trend persisted, with quits increasing to 4.35 million. This surge in quits, totaling 94,000 more than the previous month, represents 2.9% of the workforce. Despite a slight decrease in job openings compared to January, the number

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Another 4.35 Million Workers Quit—Most for Better Jobs

MarketWatch (03/29/22) Bartash, Jeffry In February, approximately 4.35 million workers quit their jobs, with many leaving for better opportunities, underscoring the tightness of the labor market. This marks the ninth consecutive month where quits exceeded 4.0 million, a trend unseen before the pandemic when quits averaged under 3.0 million monthly. Despite a slight drop, job openings remained high at 11.27 million, with roughly two open

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Employers

Jobless Claims at Lowest Level Since 1969

Staffing Industry Analysts (03/24/22) US initial jobless claims fell last week to their lowest level since September 1969, according to seasonally adjusted data released today by the US Department of Labor. Initial jobless claims dropped by 28,000 in the week ended March 19 compared to the previous week’s revised number to a level of 187,000. “That initial unemployment claims fell to a jaw-dropping 187,000 in

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