Topic: World of Work

Facing a shortage of labor with the right skills, some companies are working to train their own talent, according to a report released by NPR.

The economic fallout from Covid-19 resulted in millions losing their jobs or having their lives upended as work was radically transformed. And as we begin to recover, the work world needs a new social contract that promotes equality, inclusiveness and opportunities for all, writes Randstad executive Rebecca Henderson in a Forbes article.

Initial jobless claims for the week ended June 26 fell by 51,000 to a total of 364,000, according to seasonally adjusted data released today by the US Department of Labor. This is the lowest level for initial claims since March 14, 2020, when it was 256,000.

Hiring bonuses appear to be an effective way to get more of the unemployed back to work, according to a survey by the US Chamber of Commerce released on Tuesday.

The Birmingham metropolitan area in Alabama posted the lowest jobless rate in May among all large, US metropolitan areas with more than 1 million in population, the US Bureau of Labor Statistics reported today.

Owners of small and midsize businesses are increasingly confident despite challenges around staffing, according to the Q2 2021 CBIZ Main Street Index released today by CBIZ Inc.

Companies around the world can’t fill open jobs even as consumer demand surges, CNN reported.

Some staffing firms warn that workers may miss out if they stay out of the workforce too long, reported WOWK television in Huntington, West Virginia.

Temporary staffing revenue rose a median 32% year over year in May among the 143 staffing firms taking part in Staffing Industry Analysts’ Pulse survey.

A survey by Salary.com found that 95% of employers say they will not lower compensation for employees who continue to, or transition to, working remotely.

A majority of people consider a company’s policies around supporting a diverse and inclusive workplace when searching for a job, according to a survey by Jobcase, a social media job site based in Cambridge, Massachusetts.

Staffing 360 Solutions expects revenue to grow 20% year over year in the second quarter to more than $52 million. The US and UK staffing provider released the projected second-quarter earnings today; the numbers at this time are preliminary and subject to possible change based on new developments or information.