Category: Employers

Employers

Economic Activity, Employment Growth Accelerate

U.S. Bureau of Labor Statistics (04/14/21) National economic activity accelerated to a moderate pace from late February to early April. Consumer spending strengthened. The picture in nonfinancial services generally improved, partly supported by strengthening demand for transportation, professional and business, and leisure and hospitality services. Despite widespread supply chain disruptions, manufacturing activity expanded further with half the Federal Reserve Districts citing robust growth. Outlooks were

Read More »
Employers

The Other Reason the Labor Force Is Shrunken: Fear of Covid-19

Wall Street Journal (04/11/21) Guilford, Gwynn The number of Americans with jobs is down by 8.4 million from a year ago. Fear is one of the most important reasons why fewer Americans are holding jobs. About 4.2 million adults aren’t working because they are afraid of getting or spreading the coronavirus, according to a survey conducted by the U.S. Census Bureau in the second half

Read More »
Employers

U.S. Jobs Come Roaring Back, Surprising Employers and Economists

Bloomberg (04/06/21) A resurgent job market is creating more opportunities at a faster clip than many economists and employers expected. What’s more, too few people are applying for positions that are reopening, and that’s setting up a battle for talent. Restaurants and hotels are raising wages, offering bonuses for worker referrals or luring people from other states to cope with the shortage. Many data watchers have

Read More »
Employers

Employment Trends Index Points to Historically Fast Job Growth, Increased Wages

Staffing Industry Analysts (04/05/21) The Conference Board Employment Trends Index now signals very strong jobs growth over the coming months. The index reading for March, released today, jumped to 102.44, up from a downwardly revised reading of 100.01 in February. “Despite the recent increase in infection rates, the vaccination campaign is progressing at a rate that should significantly reduce the spread of the virus in the

Read More »
Employers

US Factory Activity Expands at Fastest Pace Since 1983

Associated Press News (04/01/21) U.S. manufacturers expanded in March at the fastest pace in 37 years, a sign of strengthening demand as the pandemic wanes and government emergency aid flows through the economy. The Institute for Supply Management, a trade group of purchasing managers, said that its measure of factory activity jumped to 64.7 last month, from 60.8 the previous month. That’s the highest since

Read More »

March Hiring Accelerated to 916K, Yet Many Jobs Remain Lost

Associated Press News (04/02/21) America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold as vaccinations accelerate, stimulus checks flow through the economy and businesses increasingly reopen. The March increase — the most since August — was nearly double February’s gain of 468,000, the Labor Department said Friday. The

Read More »