MAY 2018 NEWS

    STAFFING NEWS ROUNDUP

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

    May 1, 2018

    Employers increase AI investments to attract talent

    Businesses are making significant investments in artificial intelligence technologies to help attract and hire skilled workers in an increasingly tight labor market, according to information from Randstad Sourceright’s Q2 2018 Talent Trends report.

    May 2, 2018

    Wages show positive momentum amid tightening labor market

    Wage growth accelerated in April, with one-month annualized hourly earnings growth of 3.25%, marking a two-year high, according to the latest Paychex | IHS Markit Small Business Employment Watch.

    May 3, 2018

    Federal Reserve leaves rates unchanged

    The U.S. Federal Reserve held interest rates steady yesterday and expressed confidence that a recent rise in inflation to near the U.S. central bank's target would be sustained, leaving it on track to boost interest rates in June

    May 4, 2018

    Small business hiring continues at steady pace

    57% percent of small businesses are hiring or planning to hire, up four points from March, according to the National Federation of Independent Business. A net 33% of small-business owners also reported higher worker compensation, on par with the previous month and the highest reading since 2000.

    May 7, 2018

    Conference Board Employment Trend Index up in April

    The Conference Board Employment Trends Index increased in April, for the second consecutive month. The index now stands at 108.08, up from a downwardly revised 107.37 in March. The change represents a 4.9% gain in the ETI compared with a year ago.

    May 8, 2018

    Record level of small businesses experiencing profit growth

    The Small Business Optimism Index sustained record-high levels, increasing to 104.8 in April, driven by reports of improved profits, the highest in the NFIB Small Business Economic Trends Survey's 45-year history. Additionally, the number of small businesses reporting poor sales declined to a near record low.

    May 9, 2018

    Number of unfilled jobs rose to a record high at the end of March

    The number of unfilled jobs U.S. employers had at the end of March rose to a record high of 6.55 million, according to the U.S. Department of Labor. There were just 6.59 million unemployed Americans that month, creating the narrowest gap between available jobs and those actively seeking work in nearly two decades of record keeping.

    May 10, 2018

    Three quarters of 2018 grads have no job lined up

    This year’s graduating class is still very deep in the weeds of job searching, according to a Monster.com survey of 353 students graduating this year. So far, few grads in the class of 2018 have a job lined up for after graduation, and while most report being hopeful they’ll have a job by the time they collect their degree, many are only just starting to look.

    May 11, 2018

    Economists predict Fed rates rising in June, then September

    The U.S. Federal Reserve is almost certain to raise short-term interest rates at its June policy meeting and likely will follow up with another increase in September, according to a survey of 60 economists by the Wall Street Journal

    May 14, 2018

    Foreign grads staying to work in STEM fields

    The number of foreign graduates from US colleges remaining and working in the US after graduation is growing and more than half are working in STEM fields under the Optional Practical Training Program, or OPT, according to a report by Pew Research.

    May 15, 2018

    Labor Board might issue new rule to solve joint employment dilemma

    The U.S. National Labor Relations Board recently announced that it will soon start the rulemaking process to clarify the current joint employment standard. NLRB considers this a "long-term action" and has not set a target date for completion, although NLRB chairman John Ring would like to issue a proposed rule "as soon as possible."

    May 16, 2018

    USCIS to recall incorrectly dated green cards

    U.S. Citizenship and Immigration Services is recalling approximately 8,543 permanent resident cards (also known as green cards) due to a production error. The green cards were for spouses of U.S. citizens. The cards were printed with an incorrect "resident since" date and mailed between February and April 2018. 

    May 17, 2018

    Canadian staffing index up 8% year over year

    The Canadian staffing index, which measures staffing activity in Canada, rose 8% in April on a year-over-year basis to a reading of 107. “April’s strong year-over-year growth can be largely attributed to the greater number of working days this year,” said Maxim Kupfer, research analyst at Staffing Industry Analysts.

    May 18, 2018

    College hiring outlook strongest in more than a decade

    Employers say they are planning to hire more recent college graduates this year than they have in more than a decade, according to a survey of 1,012 hiring managers and HR professionals by CareerBuilder. Eighty percent of employers say they plan to hire college graduates this year, up from 74% last year.

    May 21, 2018

    Conference Board Leading Economic Index for US increased in April

    The Conference Board Leading Economic Index for the U.S. increased 0.4% in April to 109.4, following a 0.4% increase in March. "April's increase and continued uptrend in the U.S. LEI suggest solid growth should continue in the second half of 2018," said Ataman Ozyildirim, director of business cycles and growth research at the Conference Board.