Workforce Weekly: Week 31
Let’s Talk Employment
- The U.S. four-week moving average of initial claims for unemployment insurance fell to 256,500 last week, down 1,000 from the previous week’s average, according to seasonally adjusted numbers released by the U.S. Department of Labor. The previous week’s average was revised downward by 250.
- Unemployment rates ticked up noticeably in six states in June, even as employers continued to add jobs and the hiring outlook improved, The Washington Post reports employers added a significant number of jobs in 18 states last month, while three states lost a meaningful level of jobs.
- PEO revenue rose 13% at ADP in the company’s 2016 fiscal fourth quarter ended June 30. Roseland, NJ-based ADP provides other services, including paycheck processing. Total revenue rose 8% to $2.9 billion in the quarter.
Give Me the Numbers
What Else Did I Miss?
- The jobs recovery has been skewed mostly toward the lowest- and highest-paying positions, according to a U.S. News & World Report article. For the millions of Americans whose skill sets float somewhere in the middle, it’s deceptively tricky to find a decent job for which they’re qualified.
- The U.S. Department of Labor’s Occupational Safety and Health Administration and Wage and Hour Division signed a three-year Memorandum of Understanding with the New York State Workers’ Compensation Board. The transaction establishes a collaborative alliance relationship among OSHA, the Wage and Hour Division and the Workers’ Compensation Board to improve communication and cooperate on areas of common interest.
- Americans are moving between jobs faster than ever, BenefitsPRO reports. When the opportunities seem endless, BenefitsPRO suggests it’s harder for young people to be content with the job they have, as they may wonder if there’s something better around the corner.