Federal Reserve Bank of Dallas (07/27/2015)
Texas factory activity declined slightly in July, according to the Texas Manufacturing Outlook Survey. The production index remained negative but rose for a second consecutive month to -1.9, suggesting further moderation in the decline in manufacturing output. The capacity utilization index edged up to -4.2, suggesting contraction, but the upward movement again this month indicates that the pace of decline continued to slow. The new orders index rebounded strongly in July and posted a reading of 0.7 after six months in negative territory.
Labor market indicators reflected slight employment declines and shorter workweeks. The July employment index was negative for a third consecutive month and edged down to -3.3. Eleven percent of firms reported net hiring, compared with 15% reporting net layoffs. The hours worked index rose from -10.7 to -6.3.
Say Goodbye to Mundane Tasks and Hello to Efficiency
Are you accustomed to using a plethora of resources to recruit the right candidates? Our research shows that the average firm spends around five hours logging in and out of systems to source candidates to fill one job. We’re excited to announce the next level in candidate sourcing: CareerBuilder Talent Discovery, a platform that has everything in one place. Stop by CareerBuilder’s booth next week at Staffing World to learn more—Booth 813 in the expo hall.