Here are our top staffing industry news picks for the month of July
The Conference Board Employment Trends Index declined in June, following an increase in May. The index now stands at 109.51, down from a downwardly revised 111.22 in May. The decrease marks a 0.6% gain in the ETI over the past 12 months. This marks the fourth largest monthly negative contribution in the series history..
The technology sector added an estimated 13,500 new jobs in June, according to an analysis by CompTIA. Through the first six months of 2019, tech sector employment has grown by an estimated 56,400 jobs, compared with 49,700 during the first half of 2018. Across the entire U.S. economy last month, tech occupations expanded by an estimated 135,000 jobs.
Construction employment increased by 21,000 jobs in June and by 224,000 (3.2%) over the past 12 months, while the number of unemployed jobseekers with construction experience fell, according to an analysis of new government data by the Associated General Contractors of America. Association officials note that firms continue to increase pay as they work to attract new hires from a tight labor market.
The number of job openings was little changed at 7.4 million at the end of April, but the number of Americans seeking work declined to 5.8 million from 6.2 million a month earlier. The number of openings outnumbered the unemployed by 1.6 million in April, the largest gap on records back to 2000.
Small business optimism eclipsed levels from before the partial government shutdown, increasing 1.5 points to 105.0 in May, according to the National Federation of Independent Business. Six components in the Small Business Optimism Index improved, three were unchanged, and one dipped.
Employers are reporting the strongest nationwide hiring intentions in 13 years at +21%, according to the Q3 2019 ManpowerGroup Employment Outlook Survey. The last time the survey of more than 11,500 employers reported an outlook as high as +21% was in the third quarter of 2006.
The number of job openings declined by 49,000 to a seasonally adjusted 7.3 million in May, according to the U.S. Bureau of Labor Statistics. Hiring dropped by 266,000 to 5.7 million and the number of workers voluntarily quitting their jobs declined to 3.4 million from 3.5 million in April. The quits rate was unchanged at 2.3% for the 12th consecutive month and the layoffs rate remained at 1.2% for a second month.
The Conference Board Help Wanted OnLine Index declined in June and now stands at 102.4, down from 102.6 in May. The index declined 0.2% from the prior month, but is up 2.9% from a year ago. Most occupations experienced small declines over the month, with some occupations experiencing small increases. The professional occupational category experienced declines in legal (-2.3%) and business and financial operations (-1.3%).
A federal court has agreed with the U.S. National Labor Relations Board and overturned the suspension of a worker by his employer for refusing a work order related to a new process. The employee and his union filed charges with NLRB alleging the employee's suspension violated labor law because it was in retaliation for him engaging in protected, concerted activity—namely raising safety concerns he shared with a co-worker.
A new survey from staffing firm Accountemps concludes that managers are becoming more amenable to hiring workers with extensive ‘temporary’ working experience. The firm’s research notes that “nearly three-quarters of senior managers from across a variety of industries consider a long period of consistent temporary work comparable to a full-time job when evaluating candidates."
The University of Michigan sentiment index edged up from 98.2 to 98.4 in July. Economists surveyed by MarketWatch had forecast a preliminary reading of 99.0. The current conditions index slipped from 111.9 to 111.1, while the expectations index increased from 89.3 to 90.1. Consumers see slightly lower inflation in the year ahead, but somewhat higher inflation further out.
The U.S. Department of Labor's Occupational Safety and Health Administration has developed compliance assistance resources to help employers find and fix workplace hazards before they cause injury or illness. OSHA's Safe + Sound campaign webpage has resources and activities for finding and fixing hazards.
Temporary workers expect to focus more on full-time, traditional work in the future and less on contingent. Fifty-five percent of temporary workers surveyed by SIA said they planned to do more full-time work in the next 10 years.