Workforce Weekly: Week 21

Staff Management SMX Workforce Weekly

Let’s Talk Employment

  • Staffing jobs for the week ending May 8th 2016 decreased .82% from the prior year.

Read more from the American Staffing Association’s Staffing Index here >

  • Under a new rule, more workers will be automatically eligible for overtime. This rule will add overtime protections to an estimated 4.2 million more Americans and increase wages for workers by $12 billion over the next 10 years.

Read more from the US Department of Labor here >

  • The Canadian staffing index fell in April to a reading of 99, down 2% from April 2015, continuing a moderate year-over year decline.

Read more from Staffing Industry Analysts here >

 

Give Me the Numbers

Workforce-Weekly-Week-21-Staff-Management-SMX

What Else Did I Miss?

  • Two Philadelphia-area businesses (Stanley Creations Inc. in Melrose Park and Asendia USA in Folcroft) will pay a total of $763,000 in back wages and damages for failing to pay a combined 797 temporary workers minimum wage and overtime.

Read more from Staffing Industry Analysts here >

  • The US GDP is now expected to grow 1.7% in 2016, down .4% from a projection made by forecasters in the first quarter report. However, the forecasters raised the estimated job growth in 2016 from 204,300 jobs per month to 212,400 jobs per month.

Read more from the Institute of Supply Management here >

  • The millennial generation could earn themselves the reputation of “job hoppers.” According to research from the Harvard Business Review, 21% of millennial workers left had left their job in the last year to do something else, this percentage is three times higher than non-millennials.

Read more from the Harvard Business Review here >