Here are our top staffing industry news picks for the month of September
Staffing Industry Analysts (SIA), the global advisor on staffing and workforce solutions, has announced the 2019 List of Fastest-Growing US Staffing Firms. This year 94 companies qualified for inclusion on the annual list. Advance Partners is proud to sponsor this list.
After increasing in July, the Conference Board Employment Trends Index declined slightly in August. The index now stands at 110.62, almost unchanged from 110.72 in July. The August figure marks a 0.5% decline in the ETI over the past 12 months.
Construction employment increased by 14,000 jobs in August and by 177,000 (2.4%) over the past 12 months, while the number of unemployed job seekers with construction experience remained near historic lows, according to an analysis of new government data by the Associated General Contractors of America.
The number of people who filed unemployment claims near Labor Day dropped significantly to a nearly five-month low of 204,000, a very low reading that likely was exaggerated by the holiday and possibly Hurricane Dorian. Initial jobless claims declined 15,000 to 204,000 in the week ended Sept. 7, according to the U.S. Department of Labor.
Cheaper gas prices restrained consumer inflation in August, but rising costs for health care and housing signaled an increase in price pressures. The consumer price index ticked up 0.1% last month, according to the U.S. Bureau of Labor Statistics, in line with the MarketWatch forecast. The increase in the cost of living has advanced only 1.7% over the past 12 months, primarily due to a substantial drop in the cost of oil.
People who do their jobs from home, freelance, or constantly travel for work are migrating away from expensive urban centers toward more affordable cities, according to economists. Employers usually are more lenient when the economy has been flourishing. The biggest U.S. cities still are drawing more people than they are losing, but the rate is slowing, according to Jenny Ying, a data scientist at LinkedIn.
In California, a bill that could have severely limited the University of California's ability to use staffing services died shortly before the legislature adjourned for the year.
Kohl's has announced plans to hire 90,000 associates for the holiday season. As part of that total, the retailer intends to hire 7,000 associates to staff a 135-store omni power center pilot supporting increased digital demand fulfilled by stores during the season.
Business optimism dropped this quarter to its lowest level in three years, according to a survey of more than 500 chief financial officers by Duke University. The CFO Optimism Index for the U.S. declined from 65.7 to 63. More than half (53%) of U.S. CFOs believe that the U.S. will be in an economic recession by the third quarter of 2020.