Here are our top staffing industry news picks for the month of June
US temporary help services jobs fell by 7,800 in May from April but increased 3.0% on a year-over-year basis, according to seasonally adjusted numbers released today by the US Bureau of Labor Statistics. The temp penetration rate — temporary jobs as a percent of total employment — ticked down to 2.03% in May from April’s figure of 2.04%.
The information technology sector added an estimated 8,700 new jobs in May, the fourth consecutive month of employment growth, according to technology industry association CompTIA. Employers posted nearly 314,000 job openings for IT occupations in May, an increase of 80,930 from April.
June is National Safety Month, and ASA is partnering with the National Safety Council to promote temporary worker safety. Watch ASA general counsel Stephen Dwyer explain how the association is working to help its members reduce workplace injuries in this video. More details can be found at this link.
Blockchain topped online staffing provider Upwork’s first-quarter list of the 20 fastest-growing skills in the US freelance job market. Blockchain’s growth exceeded 2,000% for three quarters in a row on Upwork.com, and it posted more than 6,000% year-over-year growth in the first quarter.
Artificial intelligence and robotics may be forces changing the world of work, but some are confident they will augment human workers — not take jobs, writes Tom Davenport in Forbes. Once concern is getting people to learn new skills.
Employment in Canada was little changed in May, edging down by 7,500 jobs from April to a total of almost than 18.6 million jobs, according to seasonally adjusted numbers released today by Statistics Canada.
Owners of small and mid-size businesses say finding and keeping good employees is their greatest concern for 2018, according to a survey of more than 1,000 SMB owners by the Business Journals. When asked "What are the issues that you're most concerned about?," 51% said they are very concerned with finding and keeping good employees.
The global staffing industry generated an estimated $461 billion in revenue worldwide in 2017, according to the “Global Staffing Industry Market Estimates and Forecast: May 2018 Update” released by Staffing Industry Analysts. Three countries — the US, Japan and the UK — comprised a majority of the revenue, and the top 17 countries combined accounted for 90% of total global staffing revenue.
US employers’ hiring outlooks remain strong for the third consecutive quarter, according to the latest Manpower Employment Outlook Survey, released today by ManpowerGroup Inc. The US ranked among the strongest outlooks for hiring among the 44 countries surveyed in the report. Other countries with solid hiring outlooks included Croatia, Taiwan, Japan, and Hungary.
Millennial's have a different view of the world than that of previous generations. Gauging what is important to them and how to keep them engaged can be daunting. According to the Advisory Board, engagement for a millennial is not a predictive index of intent to stay with a company.
A former CareerBuilder executive sued the company in federal court claiming sexual discrimination. The suit says the company had a culture that turned a blind eye toward sexual harassment and bullying of women. An example of discrimination in the suit includes a male executive who, uninvited, followed a female executive to her hotel room.
Investors in platforms like SoFi and Prosper are pushing the companies to produce better performing loans, spurring tighter underwriting standards. This is happening as banks and institutional lenders hit a record high last month for percentages of approved loans to SMEs, according to a new study.
Forty-two states and the District of Columbia added construction jobs between May 2017 and May 2018, while 28 states added construction jobs between April and May, according to the Associated General Contractors of America.
Digital initiatives will drive hiring of creative professionals in the second half of the year, according to new research by The Creative Group. Web and mobile development are the top areas for hiring and the hardest to staff.
Construction workers are turning to prescription medications to treat pains from years of physical labor, and the opioid crisis is affecting the industry disproportionately: in 2016, construction workers in Ohio were 7.2 times more likely than workers in other industries to die from opioid-related overdoses.
The Conference Board’s US Leading Economic Index edged up 0.2% in May to a reading of 109.5, following increases of 0.4% in both April and March. “While May’s increase in the U.S. LEI was slower than in recent months, the improvements in a majority of its components offset the declines in leading indicators of labor markets and residential construction."
Members of the U.S. Federal Reserve's rate-setting committee broadly support a continued gradual increase in interest rates because U.S. economic growth is strong, Chairman Jerome Powell said yesterday. Powell's prepared remarks for the European Central Bank's annual policy conference highlighted the risks of allowing unemployment to fall too far below the level expected to prevail over the long run.