Workforce Weekly: Week 32
Let’s Talk Employment
- U.S. jobless claims unexpectedly rose by 3,000 last week, but Reuters reports the job market remains healthy.
- The average cost-per-hire is about $4,100, and the average time it takes to fill a position is 42 days, according to the new Human Capital Benchmarking Report from the Society for Human Resource Management.
- The Austin, Texas area posted the lowest unemployment rate among all large metropolitan areas in the U.S. during the month of June, the US Department of Labor reported. The unemployment rate in Austin was 3.3%. Las Vegas recorded the highest unemployment rate among large metropolitan areas in June at 6.9%.
Give Me the Numbers
What Else Did I Miss?
- Private-sector employers added 179,000 jobs in July, according to the ADP National Employment. That is slightly better than what economists expected, but the report continues showing a trend of slowing job growth, Barron’s reports.
- U.S. manufacturing activity grew at a slower rate than expected in July amid wariness over the Brexit vote, Reuters reported on the Institute for Supply Management’s factory activity index, which fell to a level of 52.6 in July from 53.2 in June.
- U.S. real gross domestic product grew at an annual rate of 1.2% in the second quarter, according to an “advance” estimate of GDP growth by the U.S. Commerce Department. This follows an increase of 0.8% in the first quarter.