Economic Outlook Weakens

Economic Outlook Weakens As Philadelphia Fed Lowers Its GDP Estimate for the Year Staffing Industry Analysts (08/12/2022) The US economy looks weaker than it did in May, according to the Philadelphia Federal Reserve’s Survey of Professional Forecasters. US real GDP is projected to grow at 1.4% in the current quarter, down from 2.5% in the […]

July Jobs Report Reveals Lowest Unemployment Rate in 50 Years

NAFCU (08/08/2022) The Bureau of Labor Statistics issued the July Jobs Report on Friday, which revealed that the unemployment rate dropped to 3.5 percent in July, a fifty-year low. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the report in a new NAFCU Macro Data Flash report. “The July jobs report was a summer scorcher, and will likely […]

Job Openings Fall to 10.7 Million in June

Staffing Industry Analysts (08/02/2022) The number of US job openings fell to 10.7 million in June, a decrease of approximately 605,000 from May, according to seasonally adjusted data released by the US Bureau of Labor Statistics. They were at their lowest level since September 2021. Still, the number of openings were up year over year. […]

GPS Open Interviews in Greensboro at NC Works

In search of your next great job opportunity? Graham Personnel Services (GPS) will have staff members at the Greensboro NCWorks location every Wednesday, from August 3 – September 7, to assist job seekers! Come on in and learn about our open roles in light industrial, professional, clerical, and more. You can apply and interview on […]

Jobs Report for June Surpasses Expectations

U.S. News & World Report (07/08/22) Smart, Tim In June, the job market exceeded expectations, with employers adding new jobs despite concerns over rising interest rates and the possibility of a recession. The American Staffing Association reported a record-high staffing index for the month, indicating ongoing demand for new employees. While some economic indicators suggest […]

A Robust June Jobs Report Clouds Outlook for US Economy

Associated Press (07/08/22) Rugaber, Christopher The June hiring report has eased concerns of an impending recession in the U.S. economy, indicating a healthy labor market. However, the data also underscores a significant divergence between the labor market’s strength and other economic indicators, suggesting a critical juncture for the economy. While robust hiring and wage growth […]