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.