Wall Street Journal (10/15/21) Dill, Kathryn U.S. workers handed in nearly 20 million resignations this spring and summer, according to data from the U.S. Bureau of Labor Statistics. The number is more than 60% higher than the resignations handed in during the same period last year, and 12% above the spring and summer of 2019 when the job market was the hottest it had been
National Federation of Independent Business (10/12/21) Small business optimism decreased one point in September to 99.1, according to the National Federation of Independent Business. Three of the 10 components of the NFIB small business optimism index improved, five declined, and two were unchanged. The uncertainty index increased five points to 74. Owners expecting better business conditions over the next six months decreased five points to
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
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
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
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
