One-Third of Businesses Have No Crisis Plan

According to a recent poll on Refresh Leadership, the Express Employment Professionals blog for business leaders, one third of businesses do not have a plan in place to respond to a crisis. The blog asked readers if their companies have a comprehensive crisis management plan, and the results show that most businesses aren't as prepared as they should be for a crisis. According to the results, 32% said they have no crisis management plan at all; 20% said they have general guidelines, but no real plan in place; 11% said they aren't sure whether or not they have a plan; and 3% said they have a plan, but it’s outdated. Only 33% said they were as prepared as possible for a crisis. From natural disasters to workplace violence to social media gaffes, dealing with a crisis requires swift, purposeful, and guided action to minimize the damage. – June 12, 2014

Differences Between Unemployed in US and Canada

According to a recent report by Express, U.S. workers are more likely to give up looking for work than Canadians, while unemployed Canadians have more interviews, but turn down more jobs than their U.S. counterparts. The study, conducted by Harris Poll on behalf of Express, surveyed the “State of the Unemployed” in the U.S. and Canada. Harris surveyed 1,500 unemployed American adults and 1,502 Canadian adults who are unemployed. According to the results, 47% of the unemployed agree that they have given up looking for work; 39% in Canada report the same. In the U.S., 46% report no job interviews in the previous month; 36% say the same in Canada. In the U.S., 19% have turned down a job offer; in Canada 24% have done so. In the U.S., 13% are either currently enrolled in classes or have taken classes, compared to 23% in Canada. In the U.S., 20% are receiving unemployment compensation, compared to 29% in Canada. “The unemployment situation in the U.S. and Canada has some sharp differences,” said Express CEO Bob Funk. “Overall, Canadians seem more resistant to giving up — but also choosier when deciding whether to take a job. The job market right now is stronger in Canada than in the United States.”
Staffing Industry – June 13, 2014

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Rise in Temp Jobs, Penetration Rate at All-Time High

The U.S. economy added 14,300 temporary services jobs in May, maintaining the temporary penetration rate high of 2.065%, according to the U.S. Bureau of Labor Statistics. The temporary penetration rate is calculated by dividing the total number of temporary services jobs by the amount of Americans currently employed. The temporary penetration rate was up a 0.007 percentage point from a revised 2.058% in April. The total number of workers in the U.S. employed through staffing firms is currently near 2.9 million; however, the year-over-year growth has been easing since March. Job growth in temporary services is usually a positive indicator of the overall employment growth.
Staffing Industry – June 6, 2014

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Retail Sales Less than Expected in May

According to the Commerce Department, retail sales posted a modest gain of 0.3% in May, caused by unchanged amount of spending in core sales, which excludes automobiles, gasoline, building materials, and food service. Economists polled by Reuters had forecast retail sales to rise 0.6% after a previously reported 0.1% rise in April. Core sales in April were revised from a previously reported 0.1% decline to a 0.2% increase, which may be the cause of May’s core sales lackluster report. Retail sales account for a third of overall consumer spending. May’s automobile sales rose 1.4%, building materials and garden equipment stores increased 1.1%, and gasoline stations posted a 0.4% increase, reflecting higher prices at the pump.
CNBC – June 12, 2014

Consumer Confidence Improves in May

After decreasing in April, consumer confidence rebounded slightly in May, as consumers assessed current conditions more favorably, according to The Conference Board Consumer Confidence Index. In particular, the labor market conditions helped improve consumer confidence. “Expectations regarding short-term outlook for the economy, jobs, and personal finances were also more upbeat,” said Director of Economic Indicators at The Conference Board Lynn Franco. “In fact, the percentage of consumers expecting their incomes to grow over the next six months is the highest since December 2007.” The Consumer Confidence Index showed a reading of 83 out of 100 in May, up from 81.7 in April. The Present Situation Index also increased to 80.4 from 78.5, while the Expectations Index increased to 84.8 in May from 83.9 in April.
The Conference Board – May 27, 2014

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US Import Prices Rise in May

After decreasing by 0.5% in April, U.S. import prices rose 0.1% in May, according to the U.S. Bureau of Labor Statistics. After declining fuel prices led the April decrease in import prices, higher fuel prices drove the increase in May. The price index for U.S. exports also rose 0.1% in May after experiencing a 1% decrease in April. As a whole, import prices rose 1.9% during the first quarter of 2014. Over the past 12 months, prices rose 0.4%. Higher fuel prices have caused the increase, which have offset declines in nonfuel prices.
Bureau of Labor Statistics – June 12, 2014

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May 2014

The U.S. economy added 217,000 jobs in May, as the unemployment rate remained unchanged at 6.3%. The Education and Health Services industry saw the largest growth in employment in May, adding 63,000 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: + 6,000
  • Manufacturing: + 10,000
  • Retail Trade: + 12,500
  • Professional & Business Services: + 55,000
  • Education & Health Services: + 63,000
  • Information: - 5,000
  • Transportation: + 16,400
  • Government: + 1,000

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Employment Trends is a publication of Express Services, Inc., Oklahoma City, Oklahoma. © 2014.