Workforce Weekly: Week 21
Let’s Talk Employment
- Staffing jobs for the week ending May 8th 2016 decreased .82% from the prior year.
- 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.
- The Canadian staffing index fell in April to a reading of 99, down 2% from April 2015, continuing a moderate year-over year decline.
Give Me the Numbers
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.
- 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.
- 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.