Job Openings and Labor Turnover Unchanged in November 2013
U.S. Bureau of Labor Statistics
The U.S. Bureau of Labor Statistics says the number of job openings held steady in November from the previous month at around four million, and the 3.3% hires rate and 3.1% separations rate also were unchanged. In November, there were 4.5 million hires and 4.3 million separations.
The quits rate held steady at 1.8% for total nonfarm employment, 2.0% for total private employment, and 0.6% for government employment in November, while the layoffs and discharges rate held steady at 1.1%. During the year-to-year period, there were 53 million hires and 51 million separations, with a net employment gain of 2 million.
January Consumer Sentiment Falls Below Expectations
Dow Jones Business News
(01/17/14) Kathleen Madigan
The preliminary reading of consumer sentiment by Thomson-Reuters and the University of Michigan fell from 82.5 at the end of December to 80.4 in early January. Economists surveyed by Dow Jones Newswires expected a reading of 83.5.
The preliminary current conditions index fell from 98.6 to 95.2 in January, and the expectations index shrank from 72.1 to 70.9. The declines may reflect December’s poor jobs report.
Next Cut in Fed Bond Buys Looms
Wall Street Journal
(01/20/14) Jon Hilsenrath
The U.S. Federal Reserve may announce a second reduction to its monthly bond purchases following its Jan. 28-29 meeting, despite a weak December jobs report, according to interviews with and public comments by Fed officials. Bond purchases would drop from $75 billion monthly to $65 billion monthly.
ASA Headquarters Closed Today
Due to inclement weather in the Washington, DC, area, ASA is closed today. It is scheduled to reopen Wednesday, Jan. 22, at 9 a.m. Eastern time.
Reserve Your Spot at the ASA Staffing Law Conference
The ASA Staffing Law Conference is the only program dedicated to the legal issues affecting the staffing and recruiting business. Last year’s conference attracted a sold-out crowd. Even though the upcoming event, May 21–22 in Washington, DC, is being held in a bigger venue, it will likely sell out even earlier.
Several popular speakers
are returning for the 2014 conference, including political analyst and pundit Charlie Cook, editor and publisher of the Cook Political Report
; immigration attorney Helen Konrad, Esq.; ASA senior counsel Edward A. Lenz, Esq.; and others. Check out the full agenda and register today at americanstaffing.net