While federal employment numbers released Friday show that U.S. manufacturing added jobs in May, the sector also continued a gradual softening, according to data released earlier this week by the Institute for Supply Management. The ISM’s Purchasing Managers Index, which gauges U.S. factory activity, ... READ MORE >
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Workforce, trade, capital: Conference highlights top manufacturing sector issues in Canada
Workforce dynamics, productivity, advanced technology investments and trade policies are some of the critical issues defining the future of Canada’s manufacturing sector, as highlighted at the Canadian Manufacturers & Exporters 2023 National Manufacturing Conference in early November. The ... READ MORE >
Canada’s October jobs report: Cooling manufacturing labor market
Canada’s jobs report for October shows a continued slowdown in the manufacturing sector consistent with S&P Global’s purchasing managers' index, indicating that the manufacturing sector has been in a contraction territory since April this year. Canada’s manufacturing sector lost 19,000 jobs in ... READ MORE >
Manufacturing sector gained jobs in June, labor shortage remained
The manufacturing sector added 7,000 jobs in June, following an adjusted net loss of 3,000 jobs in May, according to the latest jobs report released Friday by the Bureau of Labor Statistics. Overall, the sector employed 12.9 million workers last month. Even with the job growth in June, the ... READ MORE >
Tech employment levels off; layoffs may be shifting toward middle market
Tech employment fluctuations have calmed over the past few months as layoff announcements from large public technology companies slow. Revised seasonal tech employment was 3,095,000 in June, the same figure as in April and May, according to the June jobs report released Friday by the Bureau of ... READ MORE >
AI advancements may be easing impact of tech sector layoffs
Two focus areas in the technology sector so far this year—advancements in generative artificial intelligence and industry layoffs—may be offsetting each other when it comes to their net impact on the tech workforce. From January to April, 135,000 tech workers were laid off (according to Crunchbase), ... READ MORE >
Manufacturing labor market tightens further as pace of hiring slows
The United States added 8,000 manufacturing jobs in December, making for a total of 379,000 new manufacturing jobs added in 2022, according to the Bureau of Labor Statistics. This marks a 3% rise in new manufacturing jobs compared to 2021, but the hiring pace in the last few months has slowed. The U.S. ... READ MORE >
Government services companies are focusing on national defense, labor challenges
Government services executives continue to focus on hiring and retention, although the Russia-Ukraine war dominated discourse during the first quarter of 2022. Meanwhile, optimism around future spending, investment and opportunity stems from President Joe Biden’s fiscal year 2023 budget request and strong ... READ MORE >
Price increases are necessary but could prove costly for food and beverage companies: Spring 2022 outlook
Robotics, artificial intelligence and other solutions will help alleviate the constraints on labor. Growing food and beverage businesses will maintain or improve market share while passing along costs to consumers. Read about other sectors If 2021 was the year for middle market food and beverage ... READ MORE >
3 priorities for insurers in the future of work: Spring 2022 outlook
At a glance A confluence of pressures is forcing many insurance companies to reinvent their traditional operating models. Insurers are modernizing their legacy systems, creating connected networks across the enterprise, and expanding their vendor partnerships, all while improving employees’ work ... READ MORE >