This is one of those occasions when less really is more. For the first time, a shrinking talent pool is the biggest concern of mid-size companies assessing the year ahead, according to the JPMorgan Chase Business Leaders Outlook released Monday. It outstripped even the perennial challenge of increasing sales and revenue, showing that a decade-long […]
October Payrolls Surge Adding 250,000 Jobs…
U.S. employers added a better-than-expected 250,000 jobs in October, soaring past expectations for an increase of 190,000 jobs in the last jobs report before the midterm elections and on the heels of an incredibly volatile month for the stock markets. The unemployment rate remained at 3.7 percent, the lowest rate in nearly 50 years, while […]
How China’s Economic Rise Killed Off 3.4 Million U.S. Jobs…
Scything through heartland America, the human toll has been immense. More than 3.4 million jobs in the United States have been lost since China joined the World Trade Organisation 17 years ago. At least 1.3 million jobs have disappeared in the past decade, fueling the trade war between Beijing and Washington and adding US$100 billion […]
Job Openings Hit New Record High of 7.1 Million…
The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the Labor Department on Tuesday showed job openings rose to 7.136 million. Economists had forecast 6.9 million. The prior month was revised up to 7.077 million, the first time this number has ever exceeded 7 million. Until April of 2017, there had never […]
Milestone for U.S. Job Market: More Openings Than Unemployed…
For the first time on record, the number of job openings in the United States exceeds the number of unemployed Americans — a trend that may soon give workers more leverage for pay raises. The number of available jobs in April rose 1 percent to 6.7 million from 6.6 million in March, the Labor Department […]
Manufacturing Industry Has Strongest Jobs Increase in Three Years…
Hiring at private U.S. employers grew more than expected in March, according to a report, as the manufacturing industry showed the strongest increase in more than three years. Firms across the country added 241,000 workers in March, according to payroll processor Automatic Data Processing Inc. and forecasting firm Moody’s Analytics. Economists surveyed by The Wall […]
Unemployment Rate for Black Americans Hits Record Low…
The unemployment rate for black Americans hit a record low of 6.8 percent in December, which is the lowest level seen in the history of the data, CNN reported. “It marks a swift comeback for black workers, who suffered through extremely high unemployment during the Great Recession,” the article states. “Black unemployment peaked at 16.8 […]
What Hurricane: Full-Time Jobs Soar by 935,000, Biggest Increase in the 21st Century…
Not only was there much confusion ahead of the September payrolls report, there was just as much confusion inside it, because while the market decided to ignore the 33,000 drop in payrolls (as per the Establishment Survey), the first monthly decline in 7 years and instead focus on the just as widely expected spike in […]