Here are our top staffing industry news picks for the month of January
Consumer debt is on pace to top $4 trillion in 2019, but Americans don't seem to be having trouble managing it. Easing the burden are a growing U.S. economy, wage gains, unemployment near a 50-year low, and still historically low interest rates.
A federal judge who recently declared the Affordable Care Act unconstitutional stayed his ruling to allow for appeals, keeping the health law in effect while litigation continues. U.S. District Judge Reed O’Connor stands by his earlier conclusion that the entire law is invalidated by congressional repeal of its fines on people who remain uninsured.
On Dec. 28, the U.S. Court of Appeals for the D.C. Circuit ruled in Browning-Ferris Industries Inc. v. National Labor Relations Board that a 2015 decision by NLRB did not properly define the kind of "indirect control" over working conditions that the agency said could make companies joint employers of contract or franchise workers.
Jobless claims rose by 10,000 to a seasonally adjusted 231,000 in the week ended Dec. 29, according to the U.S. Department of Labor. Economists surveyed by MarketWatch had anticipated a reading of 218,000. The increase in claims likely was inflated by the partial federal government shutdown and the end of temporary staffing during the holiday season.
Temporary help employment edged up 0.3% (10,300 jobs) from November to December, according to seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. (Note: initial BLS estimates on seasonally adjusted temporary help services employment data tend to be materially revised the following year, according to an ASA analysis of BLS data.)
Construction employment increased by 38,000 jobs in December and by 280,000 jobs, or 4.0%, over the past year, according to the Associated General Contractors of America. Construction employment totaled 7.4 million in December, the highest level since March 2008. Hourly earnings in the industry averaged $30.44 in December, a rise of 3.9% from a year earlier.
Employment increased in most of the country in late November and December, according to the Federal Reserve’s Beige Book report released Wednesday. Labor markets remained tight and firms struggled to find workers at any skill level. The Beige Book, a collection of observations from the 12 federal regional banks, provides a snapshot of current economic conditions.
Some 10,454 government employees sought benefits through a separate unemployment program run by the US government in the week ended Jan 5, the latest period for which numbers are available. Overall, The US four-week moving average of initial claims for unemployment insurance fell to 220,750 last week, down 1,000 from the previous week’s unrevised average.
The U.S. Small Business Administration has stopped approving routine small-business loans due to the government shutdown. The agency covers loan losses, giving an incentive to banks and other financial institutions to finance small businesses. The shutdown has delayed approximately $2 billion in SBA lending, estimates Mark Zandi, chief economist at Moody's Analytics.
Wages for U.S. workers grew 3.4% over the last year, increasing the average wage level by $0.93 to $28.06 an hour, according to the ADP Research Institute Workforce Vitality Report. As of December 2018, growth had steadied at a 3.4% annual rate, driven by strong wage gains for workers in trade.
The Federal Civil Penalties Inflation Adjustment Act Annual Adjustments for 2019 has been published in the Federal Register. The final rule increases civil penalties assessed by the U.S. Department of Labor, including those assessed by the U.S. Occupational Safety and Health Administration. OSHA civil penalties will increase as of Jan. 24.
To protect worker privacy, the U.S. Department of Labor's Occupational Safety and Health Administration has issued a final rule that eliminates the requirement for establishments with 250 or more employees to electronically submit information from OSHA Form 300 (Log of Work-Related Injuries and Illnesses) and OSHA Form 301 (Injury and Illness Incident Report) to OSHA each year.
Marketing/creative staffing is a relatively new staffing sector with high demand and significant growth opportunities, according to Staffing Industry Analysts’ Marketing Creative Staffing Growth Assessment: 2018 Update report. Revenue in the marketing/creative space in the US is expected to grow 7% to $1.6 billion this year.
Construction employment grew in 273 (76%) of 358 metro areas between December 2017 and December 2018, declined in 37 (10%), and was unchanged in 48 (13%), according to the Associated General Contractors of America. Association officials said the job gains came amid strong demand throughout 2018 for construction projects but noted that tight labor market conditions likely prevented additional job gains last year.
Occupations requiring master's degrees are expected to grow at a rate of 16.7% between 2016 and 2026, versus 7.4% for all occupations, according to an analysis of a U.S. Bureau of Labor Statistics report by economist Emily Rolen. Jobs requiring doctorates will grow second-fastest, at 13%, followed by jobs requiring associate's and bachelor's degrees. Health care is a big reason for the rising demand for higher degrees.