The Results Are In: How Does Your Company Promote Corporate Citizenship?

According to Refresh Leadership, a blog for business leaders, an encouraging 93% of companies participate in a form of corporate citizenship. Survey participants were asked how their company promotes corporate citizenship, and the most popular answer with 26% of the votes was “annual donations to charitable organizations.” Coming in second was “food or blood drives,” with 21%, followed by “company-sponsored community involvement opportunities,” which received 19%. “Employees allowed time off for volunteer/community involvement” and “matching funds” rounded out the list with 13% and 10%, respectively. Only 7% of participants said their companies “do not currently support any charitable giving and/or volunteer efforts.” Refresh Leadership explained that according to a recent Deloitte study, 65% of HR executives believe volunteering is beneficial to their employees and 88% say corporate citizenship programs help build a positive reputation. – Dec. 17, 2013

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US Temporary Employment Penetration Rate Matches All-Time High

With an increase in temporary employment, the U.S. temporary employment penetration rate, which is the percentage of temporary jobs out of total employment, matched an all-time high in November. The rate rose to 2.03% from 2.02% in October. The record was originally set in April 2000 during the dot-com boom. Temporary jobs have traditionally been a representation of the overall health of the economy. Timothy Landuis, senior research analyst at Staffing Industry Analysts, said the November matched record is a sign that temporary staffing will play a more important role in businesses, giving companies flexibility to control upswings in their workforces.
Staffing Industry – Dec. 6, 2013

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Small Business Confidence Rise, Jobs Picture Upbeat

After experiencing a seven-month low in October, U.S. small business confidence rose in November as owners plan to create more jobs and expand operations. According to the National Federation of Independent Business (NFIB), its Small Business Optimism Index rose from 91.6 to 92.5. The stronger labor market accounted for a majority of the increase. Of the 10 components that compose the Index, eight experienced substantial gains, including increases in job creation and expansion plans. There were also moderate gains in the number of businesses planning to increase capital spending. However, small-business owners have a downbeat view of the business environment for the next six months.
Reuters – Dec. 10, 2013

US Consumer Spending Higher Over Thanksgiving

Consumers spent more during Thanksgiving week this year than the past six years during the same holiday week. On average, each consumer spent $100 per day at stores, restaurants, gas stations, and online during the week of Thanksgiving, according to a recent Gallup report, up from $67 in 2012. Spending has been up in 2013, and the beginning to the holiday shopping was no different. The average daily spending in November was $91, which was $18 per day more than in November 2012. However, 2013 has been a more robust year month in and month out, so the $100 average isn’t out of the ordinary. In fact, the week ending Aug. 11 averaged $104 per day, and average spending was also in the high $90s for a few weeks in July. Since overall spending has been higher in 2013, the uptick in spending during Thanksgiving week may or may not be an indicator for holiday spending.
Gallup – Dec. 4, 2013

Consumer Confidence Decreases Again in November

After decreasing in October, consumer confidence declined moderately in November. According to the Conference Board Consumer Confidence Survey, the Consumer Confidence Index lowered to 70.4 from 72.4 in October. The report also stated that the overall view of the current situation in the U.S. is mixed. While respondents who said business conditions are “good” rose to 19.9% from 19.5%, those who said conditions are “bad” also increased to 25.2% from 23%. Concerning the job market, respondents who feel jobs are “plentiful” increased two percentage points to 11.8%, while those who said jobs are “hard to get” decreased from 34.9% to 34%. The overall view of the report is that the job market has strengthened, but economic conditions have slowed, leading to an uncertain holiday spending season.
Conference Board – Nov. 26, 2013

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Foreclosures Down in November

Though foreclosures remain a factor in local and state economies, the national amount of homes entering the path toward foreclosure or reposition fell to its lowest level in more than six years. According to foreclosure listing firm RealtyTrac, Inc., lenders started the foreclosure process on 52,826 houses in November, which was a 10% drop from October and a 32% decrease from November 2012. The report is the lowest amount of foreclosures initiated since December 2005, well before the housing market bubble. While the housing market is stabilizing nationally, foreclosure initiations increased in November 2013 year over year for 15 states, including Pennsylvania, Delaware, Maryland, and Oregon. According to RealtyTrac, Inc. vice president Daren Blomquist, though there may potentially be upticks in foreclosures in 2014, “it’s very safe to say that the foreclosure crisis is over and behind us.”
ABC News – Dec. 12, 2013

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November 2013

The U.S. economy added 203,000 jobs in November as the unemployment rate declined from 7.3% to 7.0%. The Education & Health Services industry saw the largest growth in employment, adding 40,000 positions. Learn more from the recent employment report from the Bureau of Labor Statistics and view the unemployment rate in your state.

Major Industry Employment:

  • Construction: + 17,000
  • Manufacturing: + 27,000
  • Retail Trade: + 22,300
  • Professional & Business Services: + 35,000
  • Education & Health Services: + 40,000
  • Information: - 1,000
  • Transportation: + 30,500
  • Government: + 7,000

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Employment Trends is a publication of Express Services, Inc., Oklahoma City, Oklahoma. © 2013.