Unemployment Projections for 2023 – 2025
Staffing Industry Analysts (11/14/22) The US economy looks weaker than it did in August, according to the fourth-quarter Philadelphia Federal Reserve’s Survey of Professional Forecasters. US GDP growth is expected to grow at 1.0% this quarter, down from 1.2% in the previous forecast. Forecasters also lowered their growth forecasts for the next three quarters. For […]
Lack of US Workers Is ‘Bigger Threat’ Than Inflation
By Akayla Gardner Bloomberg.com (09/06/22) Labor Secretary Marty Walsh said the US will eventually need to overhaul the nation’s immigration system, calling the lack of available workers to fill jobs a “bigger threat” to the economy than inflation. “We don’t have enough workers in the United States of America to fill all the job openings […]
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 […]
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 […]
