Category: Employers

Staffing Industry Analysts (01/25/2024) US real gross domestic product increased at an annual rate of 3.3% in the fourth quarter of 2023, according to the advance estimate released by the US Bureau of Economic Analysis. The GDP increased more than economists had projected but less than the third-quarter growth of 4.9%. Economists polled by Reuters had forecast GDP rising at a 2.0% rate. Reuters reported the economy

Wall Street Journal (01/25/24) Rubin, Gabriel T. The U.S. economy grew 3.1% over the last year, defying forecasts of a recession as a resilient labor market supported robust consumer spending. The year was capped by a fourth quarter in which the economy grew at a 3.3% seasonally and inflation-adjusted annualized pace, according to the U.S. Department of Commerce. The quarterly reading was a slowdown from

ADP News Release (01/04/24) Private sector employment increased by 164,000 jobs in December and annual pay was up 5.4% year-to-year, according to the December ADP National Employment Report. “We’re returning to a labor market that’s very much aligned with prepandemic hiring,” said Nela Richardson, chief economist, ADP. “While wages didn’t drive the recent bout of inflation, now that pay growth has retreated, any risk of

National Federation of Independent Business (12/19/23) The National Federation of Independent Business’s small business economic trends November survey shows that the NFIB Small Business Optimism Index decreased 0.1 points to 90.6. Owners expecting better business conditions over the next six months increased one point from October to a net negative 42% (seasonally adjusted). Forty percent (seasonally adjusted) of owners reported job openings that were hard