Workforce Weekly: Week 18

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Workforce Weekly: Week 18

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Staff Management SMX Workforce Weekly

Let’s Talk Employment

  • The American Staffing Association’s index measuring employment in the US staffing industry edged up to a reading of 94.62 for the week of April 11 to April 17, the highest value of the year.

Read more from The American Staffing Association here >

  • US real gross domestic product increased at an annual rate of 0.5% in the first quarter of the year, the slowest rate since the first quarter of 2014.

Read more from Staffing Industry Analysts here >

  • The nonprofit sector continues to project job growth, with 57% of nonprofits anticipating hiring at least one new employee in 2016, up 7% from 2015.

Read more from Staffing Industry Analysts here >

  •  The Canadian staffing index fell year over year in March, continuing a trend of moderate year-over-year declines. The index, which measures staffing activity in Canada, fell to a reading of 104 in March, down 2% from March 2015.

Read more from Staffing Industry Analysts here > 

Give Me the Numbers

What Else Did I Miss?

  • The Austin-Round Rock area in Texas had the lowest unemployment rates in March among US metropolitan areas with populations of 1 million or more at 3.1%. The Chicago-Naperville-Elgin, Ill. metropolitan area posted the highest unemployment rates among large metro areas at 6.6%.

Read more from the US Bureau of Labor Statistics here >

  • The US four-week moving average of initial claims for unemployment insurance fell to 256,000 last week, down 4,750 from the previous week’s average. This is the lowest level for this average since Dec. 8, 1973, when it was 252,250.

Read more from Staffing Industry Analysts here >

  • The Conference Board’s consumer confidence index for the US fell in April to 94.2 from a reading of 96.1 in March. Consumers’ outlook for the labor market was also less favorable.

Read more from The Conference Board here >

  • According to a report recently released by the US Census Bureau, San Francisco, CA and Travis County, TX ranked as the top two US counties for employment growth in 2014 among the 50 counties with most employees.

Read more from Staffing Industry Analysts here >