November 5, 2012Staffing & Employment News: October Beat ExpectationsStaffing & Employment NewsOctober Beat Expectations
October payrolls exceeded forecasts at 171,000 (private payrolls hit 184,000), and revised August and September numbers were up a net of 84,000. New job creation was led by professional and business services (51,000), health care (31,000), retail trade (36,000), leisure and hospitality (28,000), and construction (17,000). The Monster Index, measuring online job demand, increased by 2% in October. (more…)  September 10, 2012Staffing & Employment News, from Redfish TechnologyStaffing & Employment NewsMixed Signals
While ADP projected a gain of 201,000 private payrolls last Thursday, the very next day the BLS employment data reported that only 103,000 private sector jobs were created. The anemic jobs report begs the question of whether the Fed will start another round of easing. (more…) April 9, 2012Staffing & Employment News: Disappointing Jobs Report, But Confidence and Strong Numbers ElsewhereStaffing & Employment NewsDisappointing Jobs Report, But Confidence and Strong Numbers ElsewhereFriday’s jobs report disappointed with only half (120,000) the jobs created in March compared to the month previous. ADP had announced just prior that the U.S. private-sector employment rose by 209,000 in March. For the three months through February, an average of 245,000 payrolls was added monthly, marking the strongest gains since 2006.
Goods-producing industry employment rose 31,000 after a 29,000 gain in February. For the latest month, manufacturing increased 37,000; construction dipped 7,000; and mining inched up 1,000. Inventory building was a key driver of growth in the October-December quarter.
The unemployment rate nudged downward to 8.2 percent from 8.3 percent – a fall of nearly a full percentage point since the summer. The U.S. economy grew 3 percent in the final quarter of 2011, the best pace in a year and a half.
Prior to March’s employment report, employee confidence reached its highest level since October 2007 according to the latest Randstad Employment Report, hitting 55.5 in March. This is the third month of consecutive increase. Joanie Ruge, senior vice president and chief employment analyst for Randstad U.S. said “It seems as though optimism in the employment picture is outweighing any mixed signals being given by other economic reports. In fact, the Index confirms, from a frontline perspective, an optimistic and hopeful outlook around the number job openings, job stability and the future strength of companies. Although the latest Index still remains five points below the historical high, it also stands 15.4 points higher than our Index’s all-time low of 40.1 in January 2007.”
And American CEOs are also seeing increased momentum for U.S. Economy according to the Business Roundtable’s First Quarter 2012 CEO Economic Outlook Survey. CEOs expressed improving expectations for sales, capital spending and employment, with a notable increase to 96.9 in Q1 of 2012, up from 77.9 in Q4 of 2011. In terms of the overall U.S. economy, Business Roundtable members estimate real GDP will grow by 2.3 percent in 2012, up from last quarter’s estimate of 2.0.
Feed Redfish Staffing & Employment News to your inbox directlyJanuary 9, 2012Staffing & Employment News from Redfish TechnologyStaffing & Employment NewsGrowth Stronger than Expectedfrom Redfish Technology December’s employment report showed progress in job creation with a stronger showing than expects. The unemployment rate fell to 8.5 percent, December payroll jobs hit a fairly healthy 200,000, private payrolls hitting 212,000. (more…) July 11, 2011Staffing & Employment News from Redfish TechnologyStaffing & Employment NewsGloom and confidence, contradictory predictions on hiring and profitsGloomy employment report numbers a surpriseThe Employment Report for June has been called “moribund” and “abysmal”. On the eve of the report however, ADP predicted month-to-month strength in private payroll data, estimating a 157,000 gain. Other analysts also predicted better gains, projecting 125,000 in June. Instead, the BLS reported private payrolls at 75,000 and overall nonfarm payrolls at 18,000 due to declines in government sector employment (39,000 in June, 48,000 in May). Confidence down despite projected rise in profitsThe Conference Board measure of CEO Confidence dipped in the second quarter to 55, after rising in Q1 to 67. Lynn Franco, Director of The Conference Board Consumer Research Center said: “CEO confidence cooled considerably in the second quarter, a reflection of a sluggish U.S. economy. Looking ahead, expectations are that this slow pace of economic growth will continue. Regarding the outlook for profits over the next 12 months, the news was a bit more favorable, with about 70 % of CEOs anticipating profit increases.” (more…) |
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