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U.S. wage growth returned to 2019 levels, according to data from jobs website Indeed. It found national posted wage growth slowed to year over year growth of 3.1% in March, a rate about equal to the average for 2019.
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The US manufacturing industry may need as many as 3.8 million new employees by 2033, according to a report by Deloitte and The Manufacturing Institute. However, more than 1.9 million of these jobs could go unfilled because of the skills gap and lack of applicants.
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The US manufacturing sector expanded in March for the first time since September 2022, the Institute for Supply Management reported. Its Manufacturing PMI composite index rose to a reading of 50.3% in March, up from February’s reading of 47.8%. Readings above 50% indicate the manufacturing sector is, generally, expanding.
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Fewer Americans have applied for jobless benefits as the labor market continues to thrive despite the Federal Reserve’s efforts to cool it. The Labor Department reported that filings for unemployment claims for the week ending April 6 fell by 11,000 to 211,000 from the previous week’s 222,000.
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U.S. job openings barely changed in February, staying at historically high levels in a sign that the American job market remains strong. The Labor Department reported, that employers posted 8.76 million job vacancies in February, up modestly from 8.75 million in January and about what economists had forecast.
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Measuring Skilled Success, As a person that may be responsible for hiring, think of some of the some of the best and worst interviews you have had. Everyone has a story they remember!
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More Americans applied for jobless benefits last week, but layoffs remain historically low even as more high-profile companies have announced job cuts this year. Applications for unemployment benefits rose by 13,000 to 215,000 for the week ending Feb. 24, the Labor Department reported.
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U.S. job openings barely changed in January but remained elevated, suggesting that the American job market remains healthy. The Labor Department reported that U.S. employers posted 8.86 million job vacancies in January, down slightly from 8.89 million in December and about in line with economists’ expectations.
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Average starting salaries for graduates in the college class of 2024 have surpassed projections reported for the class of 2023, according to data from the Winter 2024 Salary Survey released by the National Association of Colleges and Employers.
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The US manufacturing sector improved in February, and the pace of improvement was the fastest since July 2022, according to the S&P Global US Manufacturing PMI. The index rose to a reading of 52.2 in February from 50.7 in January.
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A record number of Americans are choosing to work part time, including stay-at-home mothers, teens, retirees seeking extra cash to cope with inflation and employees who burned out on their full-time jobs while covering for missing colleagues during COVID-19.
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Organizational purpose not only directly enhances employees’ well-being and job satisfaction but also cultivates a trustworthy environment, fostering a profound sense of belonging and direction. The significance of organizational purpose extends to its role in attracting and retaining talent, as more meaningful work ranks among the top factors influencing workers’ decisions when considering a job change.
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With aging demographics indicating slower labor force growth over the long term, savvy organizations are reevaluating and reimagining their workforce strategies. That reexamination allows businesses to meet talent where they are, rather than forcing workers into a one-size-fits-all employment model. This broader thinking, specifically considering their contingent workforce, can completely change the talent game.
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The US manufacturing sector started 2024 with growth, showing the strongest improvement in performance since 2022. The seasonally adjusted S&P Global US Manufacturing Purchasing Managers’ Index posted a reading of 50.7 in January, up from 47.9 in December 2023.
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US employers are planning an overall average salary increase of 4.0% for 2024, according to a report by WTW. The planned increase is down from the actual average increase of 4.4% in 2023, though it’s still higher than the 3% salary increase we saw for more than a decade prior to 2022.
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Bonus pay and paid sick leave rank among the top benefits hourly workers are interested in, according to a survey by Branch, a workforce payments platform.
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