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U.S. Economy Snapshot September 2021

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U.S. Economy Snapshot September 2021

U.S. Economy Snapshot September 2021 U.S. Economy Snapshot is a monthly presentation of the New York Federal Reserve Bank branch designed to give you a quick and accessible look at developments in the economy. Overview of the September 2021 Snapshot Data over the month showed slower employment growth and some easing of inflation pressures. Output […]

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Weekly Jobless Claims Near Pandemic Low, Labor Shortages Slow Growth

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Weekly Jobless Claims Near Pandemic Low, Labor Shortages Slow Growth

Last week the number of Americans filing new claims for jobless benefits fell to the lowest level in nearly 18 months further evidence that job growth is being slowed by labor shortages rather than declining demand. In the week ending September 4, the advance figure for seasonally adjusted initial claims was 310,000, a decrease of […]

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Consumer Spending Decline An Ominous Sign COVID-19 Ravaged US Economy Is Weakening

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Consumer Spending Decline An Ominous Sign COVID-19 Ravaged US Economy Is Weakening

Sept. 9, 2021 — A 2.7 percent consumer spending decline is yet another ominous sign the COVID-19-ravaged US economy is in trouble. The report comes just as millions have lost extended federal unemployment benefits, joining millions more in Republican-led states that cut off enhanced unemployment benefits early. The consumer spending decline comes after last week’s […]

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NLRB Will Seek All Available Remedies To Address Unlawful Conduct, Top Lawyer Says

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NLRB Will Seek All Available Remedies To Address Unlawful Conduct, Top Lawyer Says

Seek All Available Remedies To Address Unlawful Conduct, the NLRB’s top lawyer said in a memo to the board’s regional offices where much of the work of enforcing labor laws takes place. The National Labor Relations Board’s top attorney issued a memo on Wednesday stating that the board will act forcefully to protect workers’ rights. […]

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US Staffing Revenue Will Grow 16% This Year To Record High: SIA forecast

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US Staffing Revenue Will Grow 16% This Year To Record High: SIA forecast

September 08, 2021 — US staffing revenue will grow by 16% this year to a record total of $157.4 billion, up from 12% growth estimated in the April forecast, according to the “US Staffing Industry Forecast: September 2021 Update” report released this week by the contingent workforce consulting firm Staffing Industry Analysts. “The bounce back […]

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Job Openings Set Record 10.9 Million In July 2021: BLS

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Job Openings Set Record 10.9 Million In July 2021: BLS

Sept. 8, 2021 — Job openings set record levels in the US with 10.9 million in July, up from the previous record of 10.2 million set in June, the U.S. Bureau of Labor Statistics reported today. The most job openings were in in the healthcare and social assistance sector, with a gain of 294,000 listings, […]

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US Employment Forecast At 0.7% Annual Growth 2020-2030: BLS

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US Employment Forecast At 0.7% Annual Growth 2020-2030: BLS

Sept. 8, 2021 — The US employment forecast calls for 0.7 percent annual growth with the total number of jobs expanding by 11.9 million jobs from 153.5 million to 165.4 million during the 2020–30 decade, the U.S. Bureau of Labor Statistics reported today. This increase reflects an annual growth rate of 0.7 percent, higher than […]

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Nurse Shortage Becomes A Crisis, Pandemic Pressures Pushing Profession To Brink

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Nurse Shortage Becomes A Crisis, Pandemic Pressures Pushing Profession To Brink

The twin pressures of the nurse shortage and COVID-19 pandemic are pressing the nursing profession to the brink of collapse with calls for national emergency declaration, strikes and state committing big bucks to bring in more medical help. Last week (Sept. 1, 2021) he American Nurses Association called on the US Department of Health and […]

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10 Charts on the State of U.S. Workers on the 2nd Pandemic Labor Day

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10 Charts on the State of U.S. Workers on the 2nd Pandemic Labor Day

As we mark the second Labor Day under the pandemic, Americans at the top of the income ladder are seeing their fortunes balloon as working families continue to struggle. Frontline workers are reeling from rising infection risks and tensions over mask and vaccine mandates. The unemployed, who are disproportionately workers of color, are facing the […]

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AFL-CIO President Shuler: We Will Meet This Moment With a Modern Labor Movement

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AFL-CIO President Shuler: We Will Meet This Moment With a Modern Labor Movement

AFL-CIO President Liz Shuler delivered the following remarks at the Christian Science Monitor Labor Day Breakfast: Thank you, Linda [Feldmann], for that kind introduction. This event has become a Labor Day tradition for the AFL-CIO.  I know how much you all enjoyed interacting with Rich Trumka. He did the Monitor breakfast 12 times, and enjoyed […]

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