Job Openings Fall in May, but Tight Labor Market Remains
Staffing Industry Analysts (07/06/22) US job openings fell by 427,000 in May compared to April to 11.25 million but still far exceed the number of job seekers, the US Bureau of Labor Statistics reported. Figures for hires and total separations were little changed. The largest decreases in job openings were in professional and business services, […]
Worker Shortages Remain a Top Problem for Small Business Owners
National Federation of Independent Business (07/07/22) Half of small business owners (seasonally adjusted) reported job openings they could not fill in the current period, down one point from May’s 48-year record high, according to the National Federation of Independent Business. Some 23% of owners said that labor quality was their top business problem, unchanged from […]
Staffing Employment Grows Year-to-Year
American Staffing Association (06/16/22) Q2 2022 Revenue Expected to Rise 10% U.S. staffing sales reached $37.4 billion—a new first-quarter high—while first-quarter staffing jobs grew 1.6% year-to-year, according to data released by the American Staffing Association’s Staffing Employment and Sales survey. Overall, staffing companies employed an average of 2.7 million temporary and contract workers per week in the […]
U.S. Industrial Output has Small Gain in May, has Risen for Five Straight Months
MarketWatch (06/17/22) Robb, Greg Industrial production rose 0.2% in May, the U.S. Federal Reserve reported Friday, the fifth straight monthly gain. The gain was slightly below Wall Street expectations of a 0.4% gain. From January through April, output rose an average 0.9%. Capacity utilization inched up to 79% in May from 78.9% in the prior […]
More Companies Than Expected Have Increased 2022 Salaries
PRNewswire (06/09/22) Seven in 10 (70%) organizations implemented larger salary increases this year compared with 2021, with 21% reporting “significantly higher” levels, according to a survey by executive compensation consultancy Pearl Meyer. When polled in November 2021, companies planning to make larger increases expected an average increase of 4.2%. Actual implemented increases were even higher […]
248,000 More Working: Jobless Rate in All NC Counties Is Lower Than Last Year
WRALTechWire (06/01/22) Since last April, every one of North Carolina’s 100 counties has seen a reduction in the local unemployment rate, according to the latest data from the North Carolina Department of Commerce. But while the unemployment rate decreased in 83 counties from March to April and remained unchanged in 13 counties, the unemployment rate increased in […]
