#Labor Market

Ionia County, MIIonia Sentinel-Standard

Local unemployment rates coast; waiver process begins for claimants

LANSING — Local unemployment rates remained largely stagnant through the month of June, including in Ionia County. The newest regional rates, released Thursday, July 22, by the Michigan Department of Technology, Management and Budget, show a slight increase between May (4.9 percent) and June (5 percent). The county remained below...
ConstructionPosted by
Equipment Today

Construction Employment Lags as Contractors Grapple with Labor Shortages, Supply Chain Issues

In mid-July, the Associated General Contractors of America (AGC) reported that June 2021 construction employment in 39 states remained below the pre-pandemic peak seen in February 2020. It has since released an analysis showing more long-term employment challenges across the U.S., with construction employment remaining stagnant, or declining, in 101 metro areas from February 2020 to June 2021.

Amazon boosting wages and hiring incentives to keep up in competitive labor market

Amazon is finding it necessary to boost wages and increase its use of incentives to fill some of its open positions, resulting in higher costs in its fulfillment network. “We certainly see stronger demand for workers,” said Brian Olsavsky, Amazon’s chief financial officer, on a conference call with reporters. “So far, we’ve had good success in hiring them with our wage and benefit package that’s pretty competitive. So we’re watching it carefully. But it’s probably one of the bigger elements of inflation in our business right now.”
EconomyNBC San Diego

July Jobs Report Could Be What Gives the Market Its Next Big Jolt in the Week Ahead

More than a quarter of S&P 500 companies report in the week ahead, but the July jobs report on Friday will be what matters most to markets. One strategist said the jobs number could be a "game changer" since a strong number could encourage the Federal Reserve to tighten policy, while a weak number could delay it from paring back bond purchases.
BusinessUS News and World Report

U.S. Labor Costs Increase Solidly in Second Quarter

WASHINGTON(Reuters) - U.S. labor costs increased solidly in the second quarter as companies raised wages and benefits to attract workers, supporting views that high inflation could persist beyond this year amid supply constraints. The Employment Cost Index, the broadest measure of labor costs, rose 0.7% last quarter after gaining 0.9%...

odd market

Test your #StockMarket knowledge in ❓TRIVIA ❓ Today at 3pm ET ▶️. Mexico’s second quarter GDP grows 1.5% q/q and 19.7% y/y, slightly below market expectations. Get your $USDMXN market update from @DColmanFX here:. Job switchers are the real winners in the labor market. @denitsa_tsekova explains why:. “People are staying...
EconomyPosted by

Three Reasons Your Recruitment Marketing Efforts Are Missing The Mark

Sr. Director of Employer Brand & Culture | Head of DEI Practice at Blu Ivy Group. Building magnetic employer brands and cultures. According to a review published in the International Journal of Management, Accounting and Economics, “recruitment marketing has emerged as a result of the competitive and complex nature of the labor market,” especially in this digital age. And it's here to stay. However, it is still an emerging area and there are three key reasons that most recruitment marketing efforts miss the mark.
Olive Branch, MSDeSoto Times Today

AeroSafe Global locates manufacturing operations in Olive Branch

A New York based company offering supply chain solutions for biopharmaceuticals is setting up shop in Olive Branch. AeroSafe Global, a provider of cold chain solutions for the safe, sustainable delivery and effective use of biopharmaceuticals across the supply chain, is locating a branch of its manufacturing operations to Olive Branch in the I-22 Logistics Park. The project is a $2.5 million corporate investment that will create 100 jobs.

Aflac Faces a Tight Labor Market

The U.S. team has been focusing on brokers, who already come in with a license. The producer pipeline was very strong up until the first quarter. The company is using contests to lure experienced agents back. Aflac has been working hard to get and keep the producers it needs to...