Category: Employers

Workers Quit at Record Rate in August; Job Openings Slip

Job openings in August slipped from July’s high while the rate of workers quitting their jobs reached a record level, according to seasonally adjusted data released today by the US Bureau of Labor Statistics. The number of job openings fell 5.9% in August compared to July — a month with a record level of openings — but remained up 61.8% compared to August 2020. Industries

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U.S. Wages Are Soaring, but High Inflation Is Not Leaving Workers Much Better Off

Average hourly pay has increased by 4.6% over the past year, a rate not seen since the late 1970s and early 1980s, driven by severe labor shortages. However, this increase in wages is being largely offset by high inflation, which is running at its fastest pace in 30 years, eroding workers’ purchasing power. The surge in inflation is primarily attributed to supply chain disruptions, resulting

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Employers

Job Listings at S&P 500 Up 52% This Year

Job listings at S&P 500 companies have increased by 52% this year as firms seek to boost hiring amid the economic recovery from the pandemic, according to the S&P 500 LinkUp Jobs Index. “Labor demand in the US has risen to unprecedented levels this year, with companies across sectors scrambling to hire workers as the economy continues to recover from Covid-19,” said Reid Steadman, managing

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Employers

Manufacturing Activity Advanced in September

PRNewswire (10/01/21) New Orders, Employment, and Production Growing; Supplier Deliveries Slowing at Faster Rate; Backlog Growing; Manufacturing Inventories Growing; Customers’ Inventories Too Low; Prices Increasing; Exports and Imports Growing TEMPE, Ariz., Oct. 1, 2021 /PRNewswire/ — Economic activity in the manufacturing sector grew in September, with the overall economy notching a 16th consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued

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Employers Are Baffled as U.S. Benefits End and Jobs Go Begging

Bloomberg (09/20/21) Dmitrieva, Katia; Rockeman, Olivia Emergency unemployment benefits expired two weeks ago, but there has not been much increase in job applications, which employers had been expecting. “People who have been on the sidelines have by and large stayed on the sidelines,” said Richard Wahlquist, president of the American Staffing Association. “Nothing has changed in regard to the benefits that have fallen off and

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Employers

Half of Small Employers Report Supply Chain Disruptions Are Significantly Impacting Their Businesses

National Federation of Independent Business (09/15/21) Half of small business owners say that supply chain disruptions have a significant impact on their business, up from 32% two months ago, according to a survey of 586 owners by the National Federation of Independent Business. Over one-quarter (27%) of small employers are currently experiencing a significant staffing shortage and another 18% are currently experiencing a moderate staffing

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