Here are our top staffing industry news picks for the month of June
The U.S. economy will continue to expand, according to the June 2019 NABE Outlook, which presents the consensus macroeconomic forecast of a National Association for Business Economics panel of 53 professional forecasters. The consensus forecast calls for real gross domestic product growth to slow from 2.9% in 2018 to 2.6% in 2019 and 2.1% in 2020.
The number of people who applied for jobless benefits increased a bit in late May, but not enough to affect the most robust labor market in decades. Jobless claims advanced by 3,000 to 215,000 in the week ended May 25, according to the U.S. Department of Labor. Economists surveyed by MarketWatch had forecast new claims would total a seasonally adjusted 215,000.
The Conference Board Consumer Confidence Index improved in May, following an increase in April. The index now stands at 134.1, up from 129.2 in April. The Present Situation Index increased from 169.0 to 175.2. The Expectations Index increased from 102.7 last month to 106.6 this month.