New filings for unemployment benefits increased by 7.1% to 196,000 for the week ending Feb. 4, the Labor Department reported on Thursday. … READ MORE >
labor shortage
To thrive, middle market needs more women in leadership
If businesses are to thrive in an era of chronic labor shortages, they must attract, retain, recognize and reward women. … READ MORE >
The worst of the Great Resignation might be over, but not for small businesses
The record high turnover in the job market, known as the Great Resignation, is showing signs of easing, but that may not be the case for small businesses. … READ MORE >
Travel industry, expecting busy summer, casts wary eye on inflation
This summer was supposed to be the season of revenge travel. But that was before a new risk emerged: stubborn, elevated inflation. … READ MORE >
Chart of the day: Service sector grew more slowly in May
The service sector grew more slowly in May as production and prices cooled, according to a report from the Institute for Supply Management on Friday. … READ MORE >
Initial jobless claims show signs of bottoming out
New filings for jobless benefits last week inched down to 210,000 as a tight labor market kept layoffs below pre-pandemic levels. … READ MORE >
Why excess labor demand is unhealthy
We believe the imbalance in the labor market should prompt companies to reassess their growth potential, and as a result, their demand for labor. … READ MORE >
Canada’s unemployment rate falls amid a chronic worker shortage
Canada added 15,000 jobs in April and the unemployment rate fell slightly to 5.2% as the job market remained heated, according to data released by Statistics Canada on Friday. … READ MORE >
Chart of the day: Manufacturing grew at a slower rate in April
Manufacturing grew at a slower rate in back-to-back months as labor shortages continued to hamper production while demand moderated from January’s high. … READ MORE >
Defense technology: Emerging trends from the fourth quarter
A roundup of key themes that emerged from fourth-quarter earnings calls in the defense technology industry. … READ MORE >