Workforce Weekly: Week 20

Staff Management SMX Workforce Weekly

Let’s Talk Employment

  • The number of US job openings in March edged up 2.7% from February to almost 8.5 million. However, the number of hires fell 4% from February, which had posted the highest level since 2006.

Read more from The Bureau of Labor Statistics here >

  • Professional and business services job openings increased by 124,000, followed by transportation, warehousing and utilities at 35,000 and nondurable goods manufacturing at 29,000.

Read more from the Bureau of Labor Statistics here >

  • The number of US temp jobs rose by 9,300 in April from March. Temp jobs increased 2.9% year over year, down from the year-over-year growth rate posted last month.

Read more from Staffing Industry Analysts here >

  •  The US four-week moving average of initial claims for unemployment insurance rose to 268,250 last week, up 10,250 from the previous week’s unrevised average.

Read more from Staffing Industry Analysts here > 

Give Me the Numbers

workforce_weekly_chart_20

What Else Did I Miss?

  • The class of 2016 is optimistic about job prospects despite a growing trend in underemployment, according to the fourth annual Accenture Strategy 2016 US College Graduate Employment Study released on may 12th.

Read more from Accenture here >

  • First-quarter revenue shrunk at publicly help US job board operators. At Monster Worldwide Inc., revenue fell 8.7% in the first quarter to $157.8 million; however, the decline was 7% when measured in constant currency.

Read more from Staffing Industry Analysts here >

  • Canada’s economy is expected to grow by just 1.6% in 2016 as the decline in commodity prices, subpar global economic growth and overstated Canadian consumers will limit Canada’s real GDP growth.

Read more from The Conference Board here >