U.S. hiring slows to unexpected low after two strong months
Even though hiring was relatively tepid in August, the unemployment rate dropped to 5.2%, from 5.4% in July.
Even though hiring was relatively tepid in August, the unemployment rate dropped to 5.2%, from 5.4% in July.
Economists have forecast that employers added 750,000 jobs in August, according to the data provider FactSet. That would represent a substantial gain, but below the roughly 940,000 jobs that were added in both June and July.
In a desperation for hired hands, companies have loosened hiring restrictions on everything from age to level of experience. The changing standards may have helped boost hiring this summer, even as many companies complained they couldn’t find all the workers they need.
Amazon said all the open roles are for tech jobs and corporate positions. Separately, the company has been hiring thousands of warehouse workers to pack and ship online orders.
Child care centers across the state are scrambling to find enough workers to meet demand and parents are struggling to find a child care provider with a vacancy.
Supply chain issues and struggles to hire employees are affecting how small businesses are operating—including the hours they are open and the services or products they can provide, according to a survey by the National Federation of Independent Business.
Shaken by protests and social unrest in cities across the country in 2020, employers in particular ramped up diversity commitments within their organizations.
Transportation Secretary Pete Buttigieg on Wednesday brought back a program that aims to aid minority and disadvantaged people by ensuring local hiring for public works construction projects, reversing a decision by the Trump administration.
The hiring spree comes as the company gears up for Prime Day next month, its popular sales event that has become one of the busiest shopping days of the year for Amazon.
The number of weekly jobless claims—a rough measure of the pace of layoffs—has fallen significantly from a peak of 900,000 in January.
The Indianapolis-based digital product agency plans to upgrade its Broad Ripple headquarters while enabling a hybrid model of in-person and remote collaboration.
The one-page order dismissed the wrongful termination lawsuit filed by a gay teacher against the Archdiocese of Indianapolis.
To nearly everyone’s surprise, employers in April added a comparatively paltry 266,000 jobs, down drastically from a gain of 770,000 in March, which itself was revised down from an initially much higher figure of 916,000.
An unexpected slowdown in hiring nationwide has prompted some Republican governors to start slashing jobless benefits. On Friday, Indiana Gov. Eric Holcomb said he would consider whether the state should continue to participate in federal pandemic unemployment programs.
Local restaurant owners battling a nationwide labor shortage are using alternative recruiting techniques and financial incentives to try to staff a returning dinner rush.
Discussion and debate at Friday’s IBJ Tech Power Panel event focused largely on how companies can do a better job recruiting and hiring diverse employees, as well as the ability of diverse entrepreneurs to raise venture and growth capital from a cadre of investors who largely remain white and male.
Fishers-based First Internet Bank began assembling its Small Business Administration lending division in late 2018.
IPS is not alone in the struggle to hire and retain staff of color. School districts in Indianapolis, throughout the state, and nationwide also have labored over trying to recruit teachers and other staff of color.
After a year of epic job losses, waves of coronavirus infections, and small business closures, numerous trends are brightening the outlook.
Bastian Solutions, which makes conveyor systems, robotics and other automated materials-handling items often used by the retail industry, has seen growth accelerate because of the pandemic.