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Tag: employment cost

Employers

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 four North Carolina counties month-over month. The news comes as

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Employers

Job Openings Fall by 455,000 in April, but Employer Demand Still Seen

Average Hourly Earnings Reach $30.21 for Workers at Small Businesses: Paychex Staffing Industry Analysts (06/01/22) US job openings fell by 455,000 in April compared to March with the number of openings at 11.4 million in April, the US Bureau of Labor Statistics reported. However, the number of layoffs and discharges reached a series low. In a tweet, Senior Economist Daniel Zhao and lead data scientists

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Employers

North Carolina Led the Other States in Hourly Wage Growth

Average Hourly Earnings Reach $30.21 for Workers at Small Businesses: Paychex Staffing Industry Analysts (06/01/22) Wages rose for the 12th consecutive month for small-business workers in the US, according to the Small Business Employment Watch report released by Paychex. Average hourly earnings rose 5.19% to $30.31 year over year. Meanwhile, following a nearly eight-year high in April, small-business job growth was down in May, according

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Employers

Labor Costs Surge in First Quarter, Fueling Inflation

Staffing Industry Analysts (05/09/22) The US staffing industry is projected to reach a record $185.5 billion in revenue this year, according to the new “US Staffing Industry Forecast” report released by Staffing Industry Analysts. That will eclipse the pre-pandemic market size of $152.8 billion in 2019. “Growth in the US staffing industry is currently being driven by a strong US economy, strong consumer and corporate

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Employers

Labor Costs Surge in First Quarter, Fueling Inflation

Reuters (04/29/22) Mutikani, Lucia U.S. labor costs surged by the most in 21 years in the first quarter, according to the U.S. Department of Labor. The employment cost index jumped 1.4% last quarter after advancing 1.0% in the October-December period. Economists polled by Reuters had forecast the index climbing 1.1% in the first quarter. Last quarter’s increase was the largest since the current series started

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