Register Now for Staffing World® 2015—Biggest Savings End Tomorrow
Staffing World 2015, the largest, most comprehensive convention and expo in the staffing, recruiting, and workforce solutions industry, will take place Oct. 27–29 in Nashville, TN. Registration is open—and you can save up to $300 per person when you register by tomorrow, June 12.
Watch this two-minute video
and register online at staffingworld.net
Jobless Claims in U.S. Hold Below 300,000 for a 14th Week
The number of people applying for unemployment benefits in the week ended June 6 rose by 2,000 to 279,000, according to the U.S. Department of Labor. Applications for benefits remained under 300,000 for a 14th consecutive week, a sign of labor market strength that will help fuel U.S. growth. Economists surveyed by Bloomberg had forecast claims of 275,000. The four-week average of new claims rose by 3,750 to 278,750.
Wages, by One Gauge, Are Heating Up
Wall Street Journal
(06/10/15) Jeffrey Sparshott
Wages and benefits may be increasing more quickly than previously thought. Employer costs for employee compensation in March rose 4.9% from a year ago, according to the U.S. Department of Labor. The average cost per hour worked increased to $33.49, up from $31.93 a year ago. Wages and salaries rose 4.2% to $22.88, and benefits climbed 6.4% to $10.61. One benefit component, health insurance, rose 2.5%.
The 4.9% increase in employer costs for employee compensation is much higher than the 1.2% increase seen in the third quarter of 2013 and may be an indication that the labor market is getting tighter.
U.S. Services Data Suggest Upward Revision to Q1 GDP
The economy likely was not as weak as reported in the first quarter, with data released yesterday showing slightly stronger consumer spending than previously estimated. The U.S. Department of Commerce’s quarterly services survey showed consumption, including health care spending, rose at a quicker pace than the government had assumed in its second estimate of gross domestic product published in May. First-quarter GDP could be revised to show it contracting at a pace of about 0.2% instead of the 0.7% pace of decline the government reported last month.
What Keeps You Up at Night? Let ASA Know by Next Week
The American Staffing Association has commissioned a survey to identify the most important current and future challenges and opportunities facing staffing firms and industry professionals. Your input is critical to assisting the association in developing programs, services, and benefits that will have the greatest benefits for your business and the industry over the next several years.
Staffing professionals received an email last week from “Survey Research” containing a link to the survey, which is administered by Vertical Leap Consulting. Please complete the survey by June 16. If you have questions about the survey, contact Cynthia Poole
, ASA director of research, or call 703-253-2048.