Jeremy Dixon, PHR’s Post

Interesting take on inflation. Lightcast puts it in manageable terms https://lnkd.in/efWnvFws

What are your thoughts on this? I know it was frustrating for my Daughter that was going through her job search. She ended up a little lower than she initially thought she was going to land - but is going to gain some valuable experience along the way

Modern "Supply Side Economics" - or what I like to say - Field of Dreams Economic Policy. https://lnkd.in/efy7tCTR

FEDERAL RESERVE - June 2024 Manufacturing Business Outlook Survey The diffusion index for current general activity edged down 3 points to 1.3 in June, its lowest reading since January (see Chart 1). Twenty-four percent of the firms reported increases in general activity this month, while 23 percent reported decreases; 50 percent reported no change. The index for new orders recorded a second consecutive negative reading but moved up from -7.9 in May to -2.2 in June. The current shipments index fell 6 points to -7.2, its lowest reading since December. On balance, the firms continued to report a decline in employment. The employment index rose 5 points to -2.5 in June, its eighth consecutive negative reading. Most firms (74 percent) continued to report no change in employment, while the share of firms reporting decreases (14 percent) slightly exceeded the share reporting increases (11 percent). The average workweek index rose from -8.3 to 4.8.

The hiring pace has definitely slowed but is starting to show life in several segments. I've been through several of these cycles and they all operate a little differently each time but also have some commonalities.

Total nonfarm payroll employment increased by 272,000 in May, and the unemployment rate changed little at 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in several industries, led by health care; government; leisure and hospitality; and professional, scientific, and technical services. The change in total nonfarm payroll employment for March was revised down by 5,000, from +315,000 to +310,000, and the change for April was revised down by 10,000, from +175,000 to +165,000. With these revisions, employment in March and April combined is 15,000 lower than previously reported. Payrolls for March and April were revised down 15 thousand, combined. https://lnkd.in/eMdGU5ft

As schools empty and students and interns look for opportunities - let Nesco be your back office solution and get these folks on payroll seamlessly and efficiently. It's just one component of what we do!