U.S. employers added surprisingly solid 372,000 jobs in June
The surprisingly strong gain will likely spur the Federal Reserve to keep raising interest rates to cool the economy and slow price increases.
The surprisingly strong gain will likely spur the Federal Reserve to keep raising interest rates to cool the economy and slow price increases.
The changing mindset comes as companies confront a pullback in consumer spending, the prospect of an economic downturn and surging labor costs.
U.S. employers advertised fewer jobs in May as the economy has shown signs of weakening, though the overall demand for workers remained strong.
UKG, which offers an online platform for human-resources tasks like payroll and scheduling, expects to increase employment in Indianapolis to more than 500.
The job growth in May was high enough to keep the Federal Reserve on track to pursue what’s likely to be the fastest series of rate hikes in more than 30 years.
The May jobs report the government will issue Friday coincides with inflation near a four-decade high and worries about higher borrowing rates and a potential recession roiling the stock market.
Since her appointment by Gov. Eric Holcomb, Herring has traveled the state, talking to businesses and organizations—as well as state agencies—about how to find and retain diverse talent, how to create equitable workplaces and how to invest in inclusion efforts.
The Indiana National Guard’s cyber battalion is returning home from an out-of-state deployment this fall, and the Guard is seeking employers with Indiana jobs to offer the soldiers upon their return.
A former Indiana official had been set to take a job leading Virginia’s Department of Motor Vehicles, but that plan fell apart Tuesday after a newspaper reported allegations that the official had behaved inappropriately at work.
Data from payrolls processing firm ADP show a widening gap in hiring between businesses with 500 or more employees and businesses with less than 50 staffers. Those smaller businesses have lost jobs in three of the past four months.
The government’s report Friday showed that last month’s job growth helped shrink the unemployment rate to 3.6%. That’s the lowest rate since the pandemic erupted two years ago and just above the half-century low of 3.5% that was reached two years ago.
A government official said the IRS does not expect to resolve the backlog until the end of 2022. But it hopes the hiring surge, the largest at the IRS in decades, will galvanize a strong response to the mountain of unprocessed paperwork at the agency.
A winter spike in coronavirus infections briefly tripped up the country’s rebound from 2020′s virus-caused recession, but employers appear confident in long-term growth and are eager to hire.
Rather than hiring full-time executives, companies are increasingly likely to turn to a fractional executive—someone who serves part time, typically on contract rather than as an employee.
Woven aims to streamline the hiring software engineers, a process that typically requires skills-testing and multiple rounds of interviews.
Keen to beef up their workforces, some local companies are turning to a practice known as acqui-hiring—acquiring employees by buying the company they work for.
3C Labs LLC, a cannabinoid research and manufacturing firm, intends to invest $1.5 million in expanding its Indy-area operations, according to a contract with the Indiana Economic Development Corp.
IndyGo announced in September that it would cut bus frequencies on 15 routes, effective Oct. 10, in a decision driven by its workforce and ridership numbers.
Fewer students have been entering the accounting profession, and a salary gap between accounting and other financial professions means those accounting students might be lured to a different field.
Facebook has agreed to pay penalties over findings that the company’s hiring practices intentionally discriminated against Americans in favor of foreign workers, U.S. officials said Tuesday.