About 2 months ago

08/07/2017 - Midnight Reads – Five Things to Watch in the July Jobs Report

Five Things to Watch in the July Jobs Report

– The Wall Street Journal 

The Labor Department releases its July employment report Friday. Economists surveyed by The Wall Street Journal expect employers added 180,000 jobs and an unemployment rate of 4.3%. The Wall Street Journal examines the important trendlines the report presents.

 

DOL: 58% Of Private Employers Now Offer Paid Sick Leave

– HR Drive

Access to paid sick leave has grown significantly, as more states and municipalities pass paid sick leave laws. The Bureau of Labor Statistics survey showed that the percentage of private employers offering paid sick leave grew from 53% in 2016 to 58%.
What’s Behind the Dow’s Stunning Rise To 22,000

– The Washington Post 

The surprisingly persistent gains this year have come courtesy of robust profits at big companies, low interest rates, and a rare alignment of developed economies in good or improving health. The extraordinary rise of the stock markets since early 2009 has greatly fattened the portfolios of American investors, especially the wealthiest ones. And it has played a role in boosting the political fortunes of President Trump who on Wednesday once again took credit for the markets’ performance.
Amazon’s Jobs Fair Sends Clear Message: Now Hiring Thousands

– The New York Times 

Like other tech giants, Amazon is recruiting thousands of people with engineering and business degrees for high-paying jobs. But the vast majority of Amazon’s hiring is for what the company calls its “fulfillment network” — the armies of people who pick and pack orders in warehouses and unload and drive delivery trucks, and who take home considerably smaller incomes. Ongoing expansion is a vivid illustration of the ascendance of Amazon, the online retail company that, to a far greater extent than others in the tech industry, has a seemingly insatiable need for human labor to fuel its explosive growth.