Here are our top staffing industry news picks for the month of August
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.
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.
Online advertised vacancies increased 170,800 to 4.7 million in July, according to the Conference Board Help Wanted OnLine Data Series.
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.
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.
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.
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.
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%.
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.