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US job openings hit series high in April but hiring portion points to increased worker shortage
June 5, 2018The number of US job openings edged up by 65,000 in April from March to 6.7 million, according to seasonally adjusted numbers released today by the US Bureau of Labor Statistics. This is the highest level since the series began in December 2000.
Hires and separations were little changed.
The...
US nonmanufacturing index accelerates in May; employment metric edges up
June 5, 2018Economic activity in the US nonmanufacturing sector accelerated in May, according to the Institute for Supply Management’s nonmanufacturing index released today.
ISM’s nonmanufacturing index rose in May to a reading of 58.6 from April’s reading of 56.8.
Readings above 50 generally indicate improving...
Word of the month: Vendor tiering
June 5, 2018“Vendor tiering” is defined by Staffing Industry Analysts’ online Lexicon of workforce solutions ecosystem terms as a model in which vendors are invited to fill positions in a well-defined order and often with time triggers. For example, a temporary vacancy will go to tier 1 vendors first,...
40 Under 40 nomination deadline this week
June 5, 2018The deadline for nominations to Staffing Industry Analysts’ 40 Under 40 list is Wednesday.
The list aims to recognize the rising stars in the Staffing Industry. And while it’s not a ranking, it is a shout-out to those working to take the staffing industry to the next level.
It includes those just starting...
Temp staffing revenue up 9% over year, continued strength in market: US Pulse report
June 4, 2018US temporary staffing revenue rose a median 9% year over year in April — an acceleration from 7% in March — among staffing firms taking part in Staffing Industry Analysts’ monthly Pulse survey.
“Temporary staffing overall continued to hold the momentum in April, which indicates continued strength...
NABE survey slightly less optimistic about US economy, but positive about industrial production
June 4, 2018Economists surveyed by the National Association for Business Economics lowered their growth projections for the US economy in 2018, the association announced today. The median forecast calls for inflation-adjusted real GDP growth of 2.8% this year, down from the March 2018 estimate of 2.9%. However,...
Adecco calls for ‘new social contract’
June 4, 2018The Adecco Group, the world’s largest staffing firm, calls for a “new social contract” for work in the 21st century in a white paper released today. While companies and individuals are embracing the potential of more flexible and diverse ways of working, labor and social policies have not yet picked...
Command Center legal exec retires
June 4, 2018Industrial staffing provider Command Center Inc.’s (OTCMKTS: CCNI) executive VP and general counsel, Ronald Junck, retired effective May 25, according to a filing with the US Securities and Exchange Commission.
Junck had held the role since November 2006. He had also served as secretary of Command Center...
Employment trends index falls in May for first time in five months, but job growth to continue
June 4, 2018The Conference Board’s Employment Trends Index decreased in May, after five consecutive monthly gains. The index fell to a reading of 107.69 in May, down from a downwardly revised reading of 108.00 in April. However, the change still represents a 3.9% gain in the index compared with May 2017.
“The...
US employers to hire more interns and raise wages for them
June 4, 2018US employers plan to hire 1.7% more interns this year than last and pay them more than last year’s rate, according to the new “2018 Internship & Co-op Survey” report released by the National Association of Colleges and Employers. However, growth rate in hiring of interns is down from a similar...