BLS: Staffing Job Growth Remains Robust in June
“Employment in temporary help services continued to trend up (+10,000) and has grown by 216,000 over the past year,” according to Erica L. Groshen, commissioner of the U.S. Bureau of Labor Statistics, commenting on the June jobs report released today. Seasonally adjusted staffing employment was up 0.4% over May and 8.1% over June of last year. While year-to-year growth for the month was the lowest since November, according to BLS, the average over the past eight months has been a robust 8.7%.
Nonseasonally adjusted BLS data, which estimate the actual number of jobs in the economy, indicated that staffing employment increased by 31,400 in June, up 1.1% from May. On a year-to-year basis, there were 8.2% more staffing employees in June 2014 than in the same month last year.
“The continued strength of staffing employment growth reflects continued improvement in overall economic growth,” says Richard Wahlquist, president and chief executive officer of the American Staffing Association. “The especially good news for job seekers is that staffing and recruiting firms are reporting increases in requests from businesses across many sectors for candidates to fill permanent positions.”
The unemployment rate declined from 6.3% in May to 6.1% in June.
Full Moon Talent Announces Acquisition of Quoin Partners
New York City-based information technology, risk recruiting, and staffing services firm Full Moon Talent has acquired boutique talent sourcing firm Quoin Partners, which focuses exclusively on enterprise risk management. The combination of Full Moon and Quoin creates one of the largest talent acquisition firms focused on governance, risk, and compliance in the U.S.
NFIB Jobs Statement: Job Picture Remains Solid
NFIB News Release
National Federation of Independent Business owners increased employment by a seasonally adjusted average of 0.05 workers per firm in June, the ninth positive month in a row and the best string of gains since 2006. Seasonally adjusted, 12% of owners reported adding workers, up one point. Offsetting that, 13% reduced employment, also up one point. The remaining 75% of owners made no net change in employment.
Fifty-three percent of the owners hired or tried to hire in the last three months; 81% of those reported few or no qualified applicants for open positions. More than a quarter of all business owners reported job openings they could not fill in the current period, suggesting further downward pressure on the unemployment rate.
U.S. Jobless Rate Fell, but More Filed for Unemployment Benefits
(07/03/14) Shobhana Chandra
The number of people applying for unemployment benefits in the week ended June 28 rose by 2,000 to 315,000, according to the U.S. Department of Labor. Economists surveyed by Bloomberg had forecast claims of 313,000.
Factory Orders Slide 0.5% in May
(07/02/14) Paul Wiseman
Factory orders declined 0.5% in May from April, ending three months of gains, according to the U.S. Department of Commerce. Excluding military equipment, factory orders rose 0.2% in May. Meanwhile, orders for durable goods declined 0.9%.
Welcome New ASA Members
The ASA board of directors and staff welcome the following new members, which joined during the week of June 23.
FlexCare Medical Staffing
The Vesume Group LLC
North Andover, MA
Victor Valley Personnel Services Inc.
Staffing Today Returns July 7
In observance of Independence Day, ASA headquarters will be closed Friday, July 4. Staffing Today will return Monday, July 7.