July 2018 News

    STAFFING NEWS ROUNDUP

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

    July 2, 2018

    As economy surges, some fear slowdown looms

    The second quarter of 2018 promises robust expansion, according to the Federal Reserve Bank of Atlanta. Spending by consumers, businesses, and the government all appeared solid during the three-month period. The U.S. economy likely can't keep up this pace for too much longer, though, in part because of the nation's aging population.

    July 3, 2018

    US manufacturing index accelerates in June

    Economic activity in the US manufacturing sector accelerated in June, according to the Institute for Supply Management’s manufacturing index released today. ISM’s manufacturing index rose in June to a reading of 60.2 from May’s reading of 58.7. Readings above 50 generally indicate improving conditions.

    July 4, 2018

    Trade war hangs over US job market set for more gains in June

    Jobs data to be released July 6 by the U.S. Department of Labor will cover the first weeks since the U.S. imposed steel and aluminum tariffs on some of its largest trading partners. Analysts say June is too early to see significant fallout from trade tensions in the employment data, but already such companies as Harley-Davidson Inc. and General Motors Co. have warned of possible U.S. job losses.

    July 5, 2018

    Shift in H-1B policy may push 100,000 from jobs

    President Trump’s plan to ban spouses of high-skill visa holders from working will likely push 100,000 people out of jobs and negatively affect the visa holders and their employers, according to a new research study. 

    July 6, 2018

    Jobless claim average rises unexpectedly

    The US four-week moving average of initial claims for unemployment insurance rose to 224,500 last week, up 2,250 from the previous week’s unrevised average, the US Department of Labor reported. The previous week’s average was revised upward by 250.

    July 9, 2018

    Job seekers want the hiring process to be similar to a food delivery app 

    In the latest research by iCIMS, a recruiting software provider, 95% of job seekers agreed that how a perspective employer treats them as a candidate is a reflection of how they would be treated as an employee. 

    July 10, 2018

    Construction employment reaches 10 year high 

    Construction employment increased by 130,000 jobs in June and by 282,000 over the past year, reaching a 10-year high, according to an analysis by the Associated General Contractors of America. 

    July 11, 2018

    Small business optimism remains historically high 

    The Small Business Optimism Index posted its sixth highest reading in survey history, at 107.2, which is down .6 from May. According to the NFIB President and CEO, small business owners continue to report astounding optimism with strong sales and the creation of more jobs.  

    July 12, 2018

    Temp workers see little risk to jobs from automation

    According to a recent Staffing Industry Analyst report, temporary workers see little likelihood that automation will affect their future job prospects. 

    July 13, 2018

    Technical recruiting and technical assessment: What is NOT working 

    Hiring for a technical position is one of the most costliest recruiting efforts, due to things like money spent, sourcing, interviewing and assessing. Read more about these statistics from Recruiting Daily. 

    July 16, 2018

    Costs and wages rose in second quarter of 2018 

    There were strong sales and steady profit margins in the second quarter of 2018, as well as increasing materials costs and wages, according to a survey of 98 members of the National Association for Business Economics. 

    July 17, 2018

    GDP growth to continue for next 12 months, according to survey

    US economic growth is expected to continue for the next 12 months, according to the “July 2018 NABE Business Conditions Survey” released today. Eighty-seven percent of the panelists expect real GDP growth of more than 2% in the coming four quarters.

    July 18, 2018

    Industrial production rebounds in June 

    Industrial production rose in June, supported by a significant rebound in manufacturing and additional gains in mining output, the latest indication of strong economic growth in the second quarter.

    July 19, 2018

    IMF says global economic expansion has plateaued

    The global economy is "more fragile [and] under threat" due to trade tensions, according to a new report from the International Monetary Fund. The U.S. is "especially vulnerable" because it may find a relatively high share of its exports taxed in global markets.

    July 20, 2018

    Employment rising but firms face shortage of qualified labor 

    Employment rose at a modest to moderate pace in most districts in late May and June amid tight labor markets, according to the Federal Reserve’s Beige Book report released Wednesday.

    July 23, 2018

    Wages for US workers increase 3% year over year 

    Wages for US workers increased 3.0% over the last year, raising the average wage level by 80 cents to $27.46 an hour, according to the ADP Workforce Vitality Report.

    July 24, 2018

    Upwork, largest B2B human cloud firm, files for an IPO

    Upwork confidentially filed for an initial public offering, Recode reported, citing people familiar with the matter. However, it could still pull back its plans or get acquired instead.

    July 25, 2018

    Jobless claims rise after hitting 48 year low

    Jobless claims rose by 9,000 to 217,000 in the week ended July 21, one week after hitting a 48-year low, according to the U.S. Department of Labor. Economists had forecast claims of 215,000. The monthly average of claims dropped by 2,750 to 218,000.

    July 26, 2018

    H-1B visas getting more scrutiny, Indian professionals most affected

    Professionals seeking entrance to the US on H-1B visas for highly skilled workers are facing more scrutinyTechCrunch reported. H-1B denial rates rose to 22.4% for the three-month period starting in July 2017 compared to 15.9% in the same period one year earlier. 

    July 27, 2018

    Jobless average falls but initial claims jump by 9,000

    The US four-week moving average of initial claims for unemployment insurance fell to 218,000 last week, down 2,750 from the previous week’s revised average, the US Department of Labor reported today. 

    July 30, 2018

    US consumer sentiment dips to six-month low over trade concern

    Trade tensions helped push U.S. consumer sentiment to a six-month low in July, falling to 97.9 from 98.2 in June, according to the University of Michigan. 

    July 31, 2018

    Summer jobs turn permanent as employers struggle to find workers

    As the summer jobs season enters its final weeks, more employers are making permanent offers to their seasonal workers, according to staffing experts. The trend is taking place across age groups and industries, from high school graduates in restaurant and retail jobs to college interns pursuing studies in white-collar fields.