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Labor demand flat thus far in 2014 Online advertised job vacancies were up 28,900 to 4,923,000 in April, according to The Conference Board Help Wanted OnLine (HWOL) Data Series, released today. The March Supply/Demand rate stands at 2.1 unemployed for each vacancy, with a total of 5.6 million more unemployed workers than the number of advertised vacancies. “April’s […]
Continue reading …For Now, Jobs Remain Scarce — But an Aging Population and the Recession’s Aftermath Are Poised to Create Widespread Labor Shortages and an Historic “Seller’s Market” for Skilled Workers American workers have endured six years of depleted wealth, stagnant wages, and general insecurity. But their fortunes are about to change, according to a surprising new […]
Continue reading …Surprisingly Strong Job Growth – Comment on U.S. Bureau of Labor Statistics Employment Situation Report by Bart van Ark, Executive Vice President and Chief Economist, The Conference Board The labor market remains surprisingly and resiliently strong, as evidenced by the gain of 288,000 new jobs created in April. The gain this month was aided by some […]
Continue reading …U.S., Japan and Germany Unemployment Continues To Improve. But Many Euro Area Economies Still Struggling In February, unemployment fell in Japan, Germany and Sweden, according to unemployment rates and employment growth data compiled and standardized by The Conference Board International Labor Comparisons (ILC) program. Unemployment experienced the largest increase in the Netherlands (from 7.1 to 7.3 percent), […]
Continue reading …After a surprising decline of 0.5% in March, little recovery in retail buying in April reflects a lack of growth in spending power, a delayed impact of the higher payroll tax rate, and continued concern about the negative impact of the sequester. The combined fiscal drag from the increased payroll tax rate and sequester spending […]
Continue reading …FROM THE CONFERENCE BOARD– The April job increase, and upward revisions for earlier months, was a pleasant early spring surprise. Still, the fundamental problem, four years after the official end of recession, is the continued lack of more final demand, holding firms back from hiring faster. This is especially pronounced in the service sector (excluding health […]
Continue reading …Moderate job increases are ahead for the U.S., according to a much-watched economic index. The Conference Board Employment Trends Index (ETI) increased in April. The index now stands at 111.68, up from 111.61 (an upward revision) in March. The April figure is 3.8% higher than a year ago. “Despite weak economic activity, the Employment Trends […]
Continue reading …Total nonfarm payroll employment rose by 165,000 in April, and the unemployment rate was little changed at 7.5%, the U.S. Bureau of Labor Statistics reported Friday, May 3, 2013. Employment increased in professional and business services, food services and drinking places, retail trade, and health care. The unemployment rate, at 7.5%, was changed little in […]
Continue reading …The U.S. Bureau of Labor Statistics (BLS) today (May 2, 2013) reported 0.7% annualized growth in labor productivity for the first quarter of 2013. Also today, the Department of Labor reported first-time claims for unemployment benefits fell the lowest level in five years last week, signaling fewer layoffs in the economy. CNNMoney reports About 324,000 […]
Continue reading …New Report from The Conference Board Examines CEO Succession in the S&P 500 During 2012, 27.1% of S&P 500 companies facing a CEO succession hired an outsider for the top job, according to CEO Succession Practices: 2013 Edition, a new report by The Conference Board released today. The rate confirms an upward trend recorded since the 1970s, […]
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