August 2018 News

    STAFFING NEWS ROUNDUP

    Here are our top staffing industry news picks for the month of August

    August 1, 2018

    Worker pay and benefits climbing at fastest pace in 10 years

    Wages and benefits are increasing at the quickest pace in a decade. The employment cost index advanced 0.6% in the second quarter. MarketWatch had forecast a 0.7% increase. 

    August 2, 2018

    Blockchain is fastest growing skill, according to Upwork

    Blockchain topped online staffing provider Upwork’s second-quarter list of the 20 fastest-growing skills in the US freelance job market for the second consecutive quarter. 

    August 3, 2018

    Online job ads increased 170,800 in July

    Online advertised vacancies increased 170,800 to 4.7 million in July, according to the Conference Board Help Wanted OnLine Data Series. 

    August 6, 2018

    Temp jobs rise 3.3% in July; overall jobs up 157,000

    US temporary help services jobs rose by 3.3% in July on a year-over-year basis, according to seasonally adjusted numbers released today by the US Bureau of Labor Statistics. Compared to June, the number of US temp jobs rose by 27,900.

    August 7, 2018

    July retail jobs increase 66,000 over 2017

    Retail industry employment in July increased by 66,000 jobs unadjusted over the same time last year, according to the National Retail Federation. July's increase of 3,100 jobs was followed by revisions in June with a loss of 23,600 and an upwardly revised increase in May of 28,000, seasonally adjusted.

    August 8, 2018

    Stores, factories lead this year's unexpected hiring boom

    Retailers have added an average of 12,000 jobs each month this year after eliminating an average of 6,000 jobs per month during the first seven months of 2017. Rising incomes and strong consumer confidence have lifted consumer spending and prompted some retailers to expand. Read more here.

    August 9, 2018

    Economists forecast lower US unemployment rates

    Economists lowered their forecast for the US unemployment rate, and they have upgraded the number of new jobs expected, according to the third-quarter Survey of Professional Forecasters released today by the Federal Reserve Bank of Philadelphia.

    August 10, 2018

    Economic growth increased to 3% for this year, but threats loom next year

    The average estimate for economic growth this year increased to 3%, up from projections of 2.9% last month and 2.4% a year ago, according to a monthly survey of private economists. 
    By 2020, they expects economic growth to slow to 1.8%, down from estimates earlier this year of 2%. 

    August 13, 2018

    Jobless claims see first decline in three weeks

    The four-week moving average of jobless claims fell 500 to 214,250 in the week ended Aug. 4 from the previous week’s revised average of 214,750, the US Department of Labor announced today.

    August 14, 2018

    US employees in line for slightly larger pay raises in 2019

    U.S. employees likely will receive slightly larger pay raises in 2019, according to a survey of 814 companies by Willis Towers Watson. U.S. employers project giving exempt, non management employees (i.e., professional) average pay increases of 3.1% in 2019, compared with 3.0% this year.

    August 15, 2018

    Fewer jobseekers relocating

    The percentage of job seekers relocating for new employment has declined since the late 1980s, when over one-third of job seekers were willing to move for a new job. Just 11% of job seekers relocated for work over the last decade, compared with nearly 19% of workers who relocated for new jobs in the previous decade.

    August 16, 2018

    Youth unemployment hits 52 year low

    The unemployment rate among young U.S. workers this summer dropped to its lowest level in more than 50 years. Of Americans age 16 to 24 years old actively looking for work this summer, 9.2% were unemployed in July, a decline from the 9.6% youth unemployment rate a year earlier. 

    August 17, 2018

    House lawmakers ask for update to joint employer rule

    Bloomberg BNA reports Reps. Bradley Byrne, R-Ala., and Henry Cuellar, D-Texas, recently asked Labor Secretary Alex Acosta to issue a new regulation updating joint employer liability under the Fair Labor Standards Act, according to a letter obtained by Bloomberg Law. 

    August 20, 2018

    US economic growth moves ahead at solid pace

    The Conference Board’s US Leading Economic Index rose 0.6% in July to a reading of 110.7 (2016 = 100), following a 0.5% increase in June, and a 0.1% increase in May, suggesting the US economy will continue expanding at a solid pace for the remainder of this year.

    August 21, 2018

    Shortage of STEM work in crisis level, says 20% in survey

    The shortage of workers in science, technology, engineering and math is at a crisis level, according to two out of five Americans surveyed by Emerson. The US will need to fill 3.5 million STEM jobs by 2025, but as many as 2 million will go unfilled because of difficulty finding people with the skills in demand.

    August 22, 2018

    Temporary and contract staffing reaches new highs

    Temporary and contract staffing employment rose 3.9% in the week of Aug. 6 to Aug. 12 compared to the same week last year, according to the American Staffing Association’s staffing index. It’s the third consecutive week the index has reached record highs for their comparable weeks.

    August 23, 2018

    Sourcing engineering jobs becoming more difficult

    Competition is mounting for engineering expertise, according to an annual reader survey of 1,350 engineers by Electronic Design. Forty percent of respondents say their company is going to increase engineering staff over the next year, and more than two-thirds of engineers say a headhunter has approached them within the last year. 

    August 24, 2018

    Average US weekly wage up 3.7% in first quarter

    The US average weekly wage increased 3.7% year over year to $1,152 in the first quarter, according to data released today by the US Bureau of Labor Statistics. Among the 349 largest counties in the US, Peoria County in Illinois and Suffolk County in Massachusetts posted the largest year-over-year percentage increases in average weekly wages.

    August 27, 2018

    More employers offering health insurance

    The overall percentage of private-sector employers offering health benefits increased in 2017 for the first time since 2008, according to research from the Employee Benefit Research Institute, a nonprofit research group based in Washington, DC. The research found increases across all sizes of plans.

    August 28, 2018

    Fed Chairman downplays overheating risk; still expects gradual rate hikes

    A gradual path of interest-rate hikes remains appropriate for the U.S. Federal Reserve, because there does not seem to be "an elevated risk of overheating," chairman Jerome Powell said during a speech opening the Jackson Hole, WY, summer retreat.