Workforce Weekly: Week 19

Staff Management SMX Workforce Weekly

Let’s Talk Employment

  • In April, the labor force participation rate decreased to 62% from March’s 63%, and the employment-population ratio edgeddown to 59.7%.

Read more from The Bureau of Labor Statistics here >

  • US temporary employment is expected to add 173,478 jobs from 2016 to 2018, an increase of 5.9%.

Read more from CareerBuilder here >

  • US private-sector employment rose by 156,000 jobs in April from March, the fewest jobs added in a month since April 2013. The number of goods-producing jobs fell by 11,000 while service-providing jobs rose by 166,000.

Read more from Staffing Industry Analysts here >

  •  Total nonfarm payroll employment increased 160,000 in April and the unemployment rate was unchanged at 5%. Job gains occurred in professional and business services, health care and financial activities. Job losses continued in mining.

Read more from the Bureau of Labor Statistics here > 

Give Me the Numbers

workforce_weekly_chart_19

What Else Did I Miss?

  • First quarter revenue from LinkedIn Corporation beat expectations, rising 35% year over year. The online networking company reported members rose by 19% in the first quarter to 433 million.

Read more from LinkedIn here >

  • Salary negotiation is not as common as one might think, with women far less likely to negotiate than men. A Glassdoor survey found that 59% of US employees accepted the salary they were first offered at their current/most recent job and did not negotiate. Among employees, 68% of women accepted the salary they were offered and did not negotiate compared to 52% of men.

Read more from Glassdoor here >

  • 89% of small business owners identify hiring the wrong person for a job as a risk to the company, 51% say it’s a major risk.

Read more from Monster Worldwide here >

  • US online job ads rose by 39,600 in April to approximately 5.17 million, offsetting a small loss in March.

Read more from Staffing Industry Analysts here >