BLS

Payrolls Continued to Grow in December

Retrieved on: 
Friday, January 5, 2024

NEW YORK, Jan. 5, 2024 /PRNewswire/ -- Today's jobs report revealed that the labor market continued its growth in December, adding 216,000 persons to nonfarm payrolls. However, with downward revisions to both October and November data (cumulatively −71,000), the three-month average job growth declined to 165,000—well below the start of 2023, when monthly job growth was 312,000 (Chart 1). The softer trend in job gains align with earlier data showing companies are pulling back on hiring as interest rate increases have raised the cost of capital and slowed the economy. 

Key Points: 
  • As we continue to anticipate a short and shallow recession later this year, hiring will likely continue to slow going forward.
  • The anticipated weakness in the labor market will pale in comparison to that experienced during the Great Recession and the Pandemic.
  • Job growth was strong in 2023, with 2.7 million nonfarm payroll gains for the year, but clearly slower than the 4.5 million additions in 2022.
  • Moreover, hiring in the second half of 2023 was far less robust than in the first half.

Survey on the Access to Finance of Enterprises in the euro area - April to September 2023

Retrieved on: 
Wednesday, January 3, 2024

In recent years, large banks have significantly increased their ambition and now disclose more details regarding their net-zero targets.

Key Points: 
  • In recent years, large banks have significantly increased their ambition and now disclose more details regarding their net-zero targets.
  • There is also growing convergence, with the vast majority of G-SIBs now being part of net-zero alliances.
  • The paper gives an overview about potentially problematic disclosure practices with regards to their net-zero commitments.

Concorde Career Colleges accelerates efforts to address growing demand for healthcare workers

Retrieved on: 
Wednesday, December 20, 2023

OVERLAND PARK, Kan., Dec. 20, 2023 /PRNewswire/ -- Concorde Career Colleges today announced the launch of additional program offerings in dental hygiene and sonography, accelerating the institution's efforts to address the growing demand for allied health professionals. Concorde is the healthcare division of Universal Technical Institute, Inc. ("UTI")

Key Points: 
  • California and Florida are among the states with the highest number of sonographers in the nation.
  • In states like Florida, the public health demand for dental care is even more critical.
  • Concorde Career Colleges was recently honored as 2023 School of the Year by the California Association of Private Postsecondary Schools .
  • In addition, Concorde's Dallas campus was recently named 2023 School of the Year and Innovator of the Year by the Career Colleges and Schools of Texas .

ISN® Releases Latest Serious Injuries and Fatalities Insights Report

Retrieved on: 
Monday, December 18, 2023

ISN , the global leader in contractor and supplier information management services, released its latest Serious Injuries and Fatalities (SIFs) White Paper.

Key Points: 
  • ISN , the global leader in contractor and supplier information management services, released its latest Serious Injuries and Fatalities (SIFs) White Paper.
  • The analysis of more than 127,000 recordable incidents from 2017-2022 showed nearly 24,000 SIFs cases, including more than 20,000 hospitalizations, 3,154 amputations and 871 fatalities.
  • Interestingly, the highest rate of fatalities is not correlated with the largest company size, but rather mid-size corporations.
  • While serious events are occurring, it is at a lower rate than many other industries.

WPI Establishes Master’s Degree in Artificial Intelligence to Prepare Students for Growing Field

Retrieved on: 
Thursday, December 14, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231214319641/en/
    WPI will begin accepting applications for the new AI program immediately for enrollment in fall 2024.
  • (Photo: Business Wire)
    WPI will offer students flexible, yet highly rigorous, areas of specialization with courses on subjects ranging from deep learning to generative AI.
  • The program will combine theory and practice to train students in the understanding, development, deployment, and innovation of AI techniques and systems.
  • Graduate Certificate: This option will prepare students to use AI technologies in real-world applications by completing four thematically related graduate courses in AI.

SMB hiring apparent in tech services sector employment gains, CompTIA analysis reveals

Retrieved on: 
Friday, December 8, 2023

DOWNERS GROVE, Ill., Dec. 8, 2023 /PRNewswire/ -- The latest employment data suggests hiring among small and medium-size businesses (SMBs) in the tech services and software development sector has continued, according to analysis by CompTIA, the nonprofit association for the information technology (IT) industry and workforce.

Key Points: 
  • In the aggregate tech sector employment was essentially unchanged from the previous month, CompTIA's analysis of U.S. Bureau of Labor Statistics (BLS) #JobsReport data reveals.1 The base of tech sector employment stands at nearly 5.6 million workers spanning technology infrastructure, telecommunications, software and services.
  • Companies in the tech services and software development sector added an estimated 2,900 new hires for the month.
  • Among all companies in the tech services and software development sector, 99.9% are classified as SMBs.
  • They account for 84% of employment in the tech services and software sector.2 Cloud infrastructure and related positions have had seven months of positive results.

ARPA Network Announces Launch of Randcast on Coinbase's Base: Propelling Multi-Ecosystem Advancement in On-Chain Gaming and Autonomous Worlds

Retrieved on: 
Thursday, November 30, 2023

SINGAPORE, Nov. 30, 2023 /PRNewswire/ -- ARPA Network , a leading permissionless, decentralized, secure computation network has announced that its signature product, Randcast, is now available on Base.

Key Points: 
  • SINGAPORE, Nov. 30, 2023 /PRNewswire/ -- ARPA Network , a leading permissionless, decentralized, secure computation network has announced that its signature product, Randcast, is now available on Base.
  • Offered by Coinbase, Base is a secure, low-cost Ethereum Layer 2 (L2) network for building decentralized apps (DApps).
  • Randcast offers a solid foundation of reliability by leveraging multiple nodes within the ARPA Network to generate randomness through BLS Threshold signature tasks.
  • Meanwhile, to better cultivate the developer community, the firm is also contemplating a bug bounty set to launch by the end of 2023.

Now in its 40th Year, the PNC Christmas Price Index Increases 2.7%, Less Than the U.S. Consumer Price Index

Retrieved on: 
Thursday, November 16, 2023

"We crunched the numbers and found that since the PNC CPI launched, the BLS CPI has increased 191%, while the PNC CPI increased 133%.

Key Points: 
  • "We crunched the numbers and found that since the PNC CPI launched, the BLS CPI has increased 191%, while the PNC CPI increased 133%.
  • Core Index Rises: PNC CPI's Core Index, which excludes the Seven Swans-a-Swimming, crept up 3.7%.
  • The annual PNC CPI tradition also includes calculating the "True Cost of Christmas," which is buying the gifts with verses repeated.
  • PNC Bank, N.A., is a member of The PNC Financial Services Group, Inc. (NYSE: PNC).

Lincoln Tech Announces Signing of Lease Agreements for Future Houston, TX Campus and New Location for Nashville, TN Campus

Retrieved on: 
Friday, November 3, 2023

The first is an expansion into a new market with the leasing of a facility in Houston, TX, the country’s fourth largest employment market.

Key Points: 
  • The first is an expansion into a new market with the leasing of a facility in Houston, TX, the country’s fourth largest employment market.
  • The second is the completion of a lease agreement for the relocation of the Nashville, TN campus.
  • The current campus location will continue to be fully operational to ensure seamless relocation in the first half of 2025.
  • The new campus location should allow us to continue that tradition for years to come.

Labor Forecast Predicts 5.6% Decrease in Demand for Temporary Workers in 2023 Fourth Quarter

Retrieved on: 
Friday, October 27, 2023

NEWPORT BEACH, CA, Oct. 27, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire — Demand for temporary workers in the United States is expected to decrease 5.6% on a seasonally adjusted basis for the 2023 fourth quarter, when compared with the same period in 2022, according to the Palmer Forecast™, released today. Demand for temporary workers has been softening since the fourth quarter of 2022.

Key Points: 
  • Demand for temporary workers has been softening since the fourth quarter of 2022.
  • The Palmer Forecast™ indicated a 4.3% decrease in temporary help for the 2023 third quarter.
  • Actual results as reported by the Bureau of Labor Statistics (BLS) decreased by 5.5%, reflecting GDP growth below expectations.
  • To put this in perspective, there were 9.4 million jobs lost in 2020, and 2.1 million total jobs added for 2019.