Workforce Weekly: Week 15

Staff Management SMX Workforce Weekly

Let’s Talk Employment

  • The Austin-Round Rock area in Texas and the Denver-Aurora-Lakewood area in Colorado tied for 1st place for reaching February’s lowest unemployment rate. Both areas came in at 3.1% beating all other US metropolitan areas with populations of 1 million or more.

Read more from the Bureau of Labor Statistics here >

  • Staffing employment in March 2016 was 1.9% higher than in March 2015 and year-to-year staffing job growth averaged 3.5% per month over the past 12 months.

Read more from the Bureau of Labor Statistics here >

  • The Conference Board’s US employment trends index fell to 127.48 in March from February’s downwardly revised reading of 128.54. The March 2016 reading is up 1.1% from March 2015.

Read more from Staffing Industry Analysts here >

  • Construction employment for March was up 4.7% from one year ago, totaling 6.67 million – the highest we’ve seen since December 2008. This more than doubled the rate of increase for total nonfarm payroll employment since March 2015.

Read more from Staffing Industry Analysts here >

  • The number of US temp jobs rose by 4,000 in March after experiencing month-over-month declines since December. The temp penetration rate — temp jobs as a percent of total employment — edged down to 2.011% in March from 2.012% in February.

Read more from Staffing Industry Analysts here >

Give Me the Numbers

Staff Management SMX Workforce Weekly Employment

What Else Did I Miss?

  • On April 5th, governors from California and New York signed legislation that will eventually increase their minimum wage to $15 per hour.

Read more from UPI here >

  • The Royal Bank of Canada’s Canadian manufacturing purchasing managers’ index rose to 51.5 in March, up from 49.4 in February and above the 50-point no-change level for the first time in eight months. Although pointing to only a moderate improvement in business conditions, the index was the highest since December 2014.

Read more from Staffing Industry Analysts here >

  • US employees’ concerns about being laid off have reached a new low since Q4 2014. Today, 14% of employees report they are concerned they could be laid off in the next 6 months compared to 26% in Q1 2009.

Read more from Glassdoor’s Employment Confidence Survey here >

  • March marks the 1st expansion for the US manufacturing sector in six months with an index reading of 51.8, up from 49.5 in February.

Read more from the Institute for Supply Management here >