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NYSA Home Page   CareerBuilder for NYSA   Chapters   Members   Resource Center    April 5, 2011
 
NYSA Staffing Industry Update
 
 
Analysis: Growth in temp jobs hints at wider recovery
Reuters    Share   Share on FacebookTwitterShare on LinkedinE-mail
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Demand for temporary workers is broadening to professional categories like technology and engineering, offering evidence that a long, slow U.S. jobs recovery finally may be getting some momentum. An uncertain economic environment continues to drive sales at temporary staffing providers, as employers look for flexibility. Because placement of contingent workers is typically a leading indicator of labor trends, strong demand suggests the wider labor market may be turning the corner. More



Nation's jobless rate falls yet again
Pittsburgh Post-Gazette    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The U.S. jobs market hasn't shaken off the chill of the Great Recession — that could take a long while yet — but yet another drop in the nation's unemployment rate to 8.8 percent for March, combined with the addition of 230,000 private-sector jobs, convinced economists and investors that maybe, just maybe, the employment environment is starting to warm up. More

Hispanic workforce rising; lack of education still holds them back
AdvisorOne    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Department of Labor's March report on the Hispanic workforce found a marked increase in the number of working Latinos across the country. Secretary of Labor Hilda Solis stated that Hispanics currently represent 15 percent of the U.S. workforce and that percentage is slated to increase further by 2018, particularly in the private sector, which employs more Latinos than the public sector. More

Women in the workforce: Is wage stagnation catching up to them too?
The Brookings Institution    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Despite modest improvement in March jobs numbers, the job gap — the number of U.S. jobs that must be created to return to pre-recession levels — is more than 12 million. Michael Greenstone and Adam Looney of The Hamilton Group, a project that seeks to advance America's promise of opportunity, prosperity and growth, explore how the median wage of the American woman has stagnated over the past decade. More



Gains in payrolls probably accelerated, showing US job market improving
Bloomberg News    Share    Share on
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Employment probably picked up in March and factory assembly lines kept humming, showing that the jump in fuel costs has yet to hamper the U.S. expansion, economists said in a recent report. Payrolls increased by 195,000 workers in March, the most since May, after a 192,000 advance in February, according to the median forecast of 62 economists surveyed by Bloomberg News ahead of Labor Department data on April 1. A survey of purchasing managers the same day may show that manufacturing grew at close to the fastest pace in seven years. More

Where are the jobs? Bars and hospitals
Reuters    Share    Share on
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The U.S. labor market finally is luring back some discouraged workers. They may find the most "help wanted" signs at bars, restaurants and doctor's offices. The recent employment report for March came in largely as expected. There were 216,000 jobs created last month, primarily in the services sector, and the unemployment rate dipped slightly to 8.8 percent. More

US companies spending record-high cash piles on everything but jobs
Money Morning    Share    Share on FacebookTwitterShare on LinkedinE-mail
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U.S. companies have started to spend their record high piles of cash, but most won't be using it to boost hiring. Since the credit crisis, U.S. companies have collected about $940 billion in cash. Per-share profit surged 36 percent in 2010, the biggest jump since 1988, and companies cut capital expenditures 26 percent in 2009 to compensate for the ailing economy. Many economists say the best way to lower the unemployment rate is for these companies to spend the cash on new hires, but most prefer to spend in other ways, creating a wide gap between capital spending and employment. More



Manufacturing industry: US needs to build skilled workforce
IndustryWeek    Share    Share on FacebookTwitterShare on LinkedinE-mail
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"The Roadmap to Education Reform for Manufacturing," presented by The Manufacturing Institute, lays out six principles for innovative reform, including moving to competency-based education; establishing and expanding industry-education partnerships; infusing technology "lean" to reduce education costs; and, expanding successful youth development programs. Research by The Manufacturing Institute has shown that innovation is the greatest driver of success for U.S. manufacturers and that a skilled and educated workforce is the single most critical element of innovation capacity. More
 
 
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