Category: Employers

KEY POINTS The consumer price index surged 6.2% from a year ago in October, the most since December 1990. Core inflation, stripping out food and energy, increased 4.6%, the fastest gain since August 1991. Energy, shelter and vehicle costs led the gains, which more than wiped out the wage increases that workers received for the month. Inflation across a broad swath of products that consumers

The Conference Board’s Employment Trends Index rose sharply in October and points to strong employment growth in the months ahead. On the other hand, it also indicates labor shortages and rising wages likely won’t go away. “As the negative economic impact of the Delta variant subsides, spending on — and employment in — in-person services should continue to recover toward pre-pandemic levels,” said Gad Levanon,

ADP News Release (11/03/21) Private sector employment increased by 571,000 jobs from September to October, according to the October ADP National Employment Report. “The labor market showed renewed momentum last month, with a jump from the third quarter average of 385,000 monthly jobs added, marking nearly five million job gains this year,” said Nela Richardson, chief economist, ADP. “Service sector providers led the increase and

The US manufacturing sector continued to expand in October, although hiring difficulties show no signs of easing, according to the Institute of Supply Management’s October 2021 “Manufacturing ISM Report on Business.” The report is based on a survey of manufacturing supply executives. “Meeting demand remains a challenge, due to hiring difficulties and a clear cycle of labor turnover: As workers opt for more attractive job