Manufacturing in America is huge. Over the last 20 years manufacturing output has increased by almost 40 percent, and the annual value of production by U.S. factories has reached a record $2.4 trillion. And the trend continues upward. Taiwanese manufacturer…
Economic Archives
Average Time to fill Takes Big Drop In May. But Is It Temporary?
It took an average of 27.6 working days to fill a job in May, according to the latest data from career site publisher DHI Group. That’s the fewest days since January, and almost three days fewer than it took in April….
The Big Squeeze: Too Much Money and Too Few People Means Recruiters Will Struggle
Recruiters in the U.S. can expect to be busy filling a lot of jobs in the coming years. What makes this likely are the massive amounts of money flowing into U.S. stocks from other countries; investors switching from lower-yield bonds…
Good, But Not Good Enough: Matching Workers with High-growth Jobs
In the six years since the global financial crisis, the U.S. economy has gained much of the economic strength that was lost in the recession. In the last month alone, the economy showed a robust hiring rate of 287,000, the…
U.S. Jobs Report Gives Labor Market Bulls Room to Run
Today’s jobs report revealed strong gains for the U.S. workforce, but more importantly, the data shows there’s more room for this labor market to grow. The key is this: employers added 242,000 jobs, a strong number, and it came with…
2016 Forecasts and Predictions: More Hiring, Higher Wages, Longer Fill Times
Death and taxes may be the only certainties in life, though new year forecasts and predictions have to be close seconds. 2016 is no exception. Here’s a look at some of what we can expect in the months ahead: Dice,…
Forecasts All Agree: More Hiring Ahead
With the economy continuing to improve, more employers now say they plan to add headcount than said that last year or even as recently as six months ago. CareerBuilder’s mid-year job forecast says 49 percent of surveyed employers report they…
Hiring Momentum Improved In May With Gain of 280,000 Jobs
Hiring momentum continued to grow in May as employers added 280,000 new jobs, surprising economists who had been expecting far less aggressive hiring. It was the strongest gain since December, providing evidence that the slowdown earlier this year was a…
Small Businesses Create Bulk of May’s New 201K Jobs
Small businesses, especially mom & pops, again were the employment powerhouse, in May accounting for more than half the 201,000 new private sector jobs created in the month. ADP and its partner, Moody’s Analytics, said businesses with fewer than 50…
Jobs Rebounded in April as Unemployment Drops
Hiring rebounded last month as employers added 223,000 new workers to U.S. payrolls, providing relief for worries of a jobs slowdown. The increase was well within the range economists were expecting in advance of this morning’s release of the Labor…
Early Jobs Report Suggests April Was Another Slow Month
Worried investors sent stocks lower today after ADP said private employers added 167,000 jobs in April, the smallest increase in 16 months and well below the 200,000 economists were forecasting. Compounding the surprise, the HR services and payroll processing company…
March Has Smallest Job Gain in More Than a Year
U.S. employers slowed hiring in March to the smallest gains since December 2013, adding a mere 126,000 jobs, far below the 245,000-250,000 predicted by labor economists. The unemployment rate was unchanged at 5.5 percent.
Economists Wonder: Is Job Growth Slowing?
Is job growth slowing? Economists are asking that question after ADP’s monthly National Employment Report this morning said that 189,000 private sector jobs were created in March, the smallest increase since January 2014. “There are some good reasons to think…
February Job Boom Adds 295K While Unemployment Drops to 5.5%
Ignoring predictions of a February hiring slowdown, U.S. employers added a robust 295,000 new workers to their payrolls, bringing down the unemployment rate to 5.5 percent. Most sectors added jobs, with the biggest gains coming in health, and bars and…
ADP Report: Private Employers Added 212K Jobs in February
Whether it was the brutal weather, fewer work days, or other causes, private employers added the fewest new jobs in February since last May. ADP’s National Employment report said private employer payrolls grew by 212,000 last month, a decrease of…
Jobs, Wages Up More Than Expected in January
Taking a breather from the torrid pace of hiring in November and December, which added three-quarters of a million jobs to the economy, employers created 257,000 new jobs in January, exceeding economists’ predictions the number would be closer to 230,000….
Energy Industry Slowdown Dampens January Hiring
After adding a hefty 253,000 jobs in December, private employers slowed their hiring in the first month of the year, adding an estimated 213,000 jobs in January. The National Employment Report from HR services company ADP and its partner Moody’s Analytics…
Employers Forecast to Increase Use of Temp Agencies By 10.5%
Staffing agency employment has been among the fastest-growing sectors of the U.S. economy for the last several years. Since the recession’s official end in June 2009, the industry has added 1.24 million new jobs, 12.3 percent of all new private…
Year Ends With Strong Jobs Growth But Economists Worry About Pay
Capping the end of the strongest 12 months of U.S. job growth since well before the recession, employers added 252,000 jobs in December as the unemployment rate fell to 5.6 percent, its lowest level since June 2008. Economists had expected…
2014 Ends With Strong Job Growth as Private Sector Adds 241k Jobs
2014 ended on a strong note with private employers in the U.S. adding 241,000 new jobs. It’s the fourth consecutive month that ADP’s National Employment Report showed job growth over 200,000 and was well above the 225,000 jobs forecast by…