Private
sector employment growth in New York State continues to trail the U.S. as a whole, with upstate lagging far behind downstate, according to the latest state Department of Labor report.
Private
sector employment growth in New York State continues to trail the U.S. as a whole, with upstate lagging far behind downstate, according to the latest state Department of Labor (DOL) monthly jobs report.
Not exact matches
Outside the energy
sector, we are beginning to see the anticipated sequence of increased foreign demand, stronger exports, improved business confidence and investment, and
employment growth.
Canada's resource
sector was one of the primary drivers for
employment over the past decade, according to Statistics Canada, so a correction in China would also rob this country of a key engine for job
growth.
Cohen is also at the center of a huge debate unfolding right now about raising the minimum wage, and the low pay of service workers in the restaurant industry, where
employment has increased 72 percent since 1992, compared to job
growth of 22 percent in higher - paying private
sector employment over the same time period.
But with the country growing ever closer to full
employment and the economy finally seeing the kind of economic
growth that suggests a strong recovery, should we focus on the manufacturing
sector at all?
The service and supply
sectors are seeing major
growth, thanks largely to the offshore oil industry, and the
employment levels are some of the highest in Canada.
Barring an extraordinary pick up in private -
sector job
growth then, interest rates will likely stay at rock bottom until
employment in the government
sector has normalized.
Admittedly, 3,000 jobs is peanuts in the U.S. labour market, but, as the chart below shows, the federal layoffs mean that Washington is starting to be a drag on
employment growth just as state and local governments are beginning to recover (blue is the federal government; green is state government; red means local government; and private
sector employment, excluding farm employees, is orange).
With the collapse of manufacturing many unemployed young workers migrated to Alberta, Saskatchewan, and Newfoundland for resource - extraction jobs, but
employment growth in that
sector has now largely evaporated with the falling price of oil.
Hotel demand can be forecast using several leading and coincident economic indicators, including GDP
growth, corporate profits, wage
growth,
employment growth in the leisure and hospitality
sectors, and airline / vehicle miles.
The results are impressive: for example, jobs in the solar power
sector south of our border have been growing ten times faster than national average
employment growth, now employing more than 142,000 individuals, with 23,000 of these jobs added in 2013.
The decline reflected a loss of 74,000 public -
sector jobs, which was only partly offset by modest
growth in private -
sector employment and self -
employment.
TORONTO, May 2, 2016 - April data from the RBC PMI highlighted a sustained recovery in business conditions across the Canadian manufacturing
sector, with
growth of output, new orders and
employment all accelerating since the previous month.
The top
sectors expected to see
employment growth are leisure and hospitality, trade, transportation and utilities, according to the Center for Business and Policy Research at the University of the Pacific.
Because that large negative force is now essentially past, it is no longer masking the sources of strength that have been at work elsewhere in the economy for some time, particularly the
growth in output and
employment that is being driven by our growing service
sector.
It's slowing down
employment growth in the new
sectors that would be expanding.
All the
growth has been in services and in the government
sector, mainly at the state and local level in the case of public
employment.
Solid fundamentals, including strong
employment gains, high consumer confidence and very strong investment outside the energy
sector should see U.S.
growth return to close to 2 1/2 per cent this year.
It's highly likely that population
growth has slowed in energy - producing areas since July 2015: more recent jobs data have shown that falling oil prices hurt energy -
sector employment.
April data from the RBC PMI highlighted a sustained recovery in business conditions across the Canadian manufacturing
sector, with
growth of output, new orders and
employment all accelerating since the previous month...
2016.05.02 RBC PMI: Strongest improvement in manufacturing conditions since December 2014 April data from the RBC PMI highlighted a sustained recovery in business conditions across the Canadian manufacturing
sector, with
growth of output, new orders and
employment all accelerating since the previous month...
As seen in the two figures below,
sectors of the economy tied to housing began contracting in April 2006 while elsewhere
employment growth and nominal income continued to grow.
From TD Securities» Millan Mulraine: Labor market underperformance: The small business
sector has generally been a key source of
employment growth in the US economy, accounting for close to 55 % of all the private
sector jobs created between mid-2003 and the beginning of the last recession.
Employment in the finance and insurance sector also made a solid contribution to growth, as did mining employment, which has risen by around one - third since e
Employment in the finance and insurance
sector also made a solid contribution to
growth, as did mining
employment, which has risen by around one - third since e
employment, which has risen by around one - third since early 2001.
The
Employment Cost Index rose by 1 per cent in the June quarter and has increased by 4.4 per cent over the past year, driven by a particularly strong increase in
growth in the private
sector component.
Recent
employment growth has been concentrated in industries that mainly service the household
sector, such as health & community services, retail trade, and cultural & recreational services (Table 10).
So while
employment and wage
growth in the resource
sector is presently robust, it is possible that this may start to reverse in the next couple of years.
According to him,
employment, wage
growth, the housing
sector and even auto sales are all headed in the right direction.
Large contributions to
employment growth over the past year were also made by the public
sector and the property and business services industry, which has benefited from robust sales activity in housing markets.
Brian Kenner, Bowser's deputy mayor for economic development, says Washington is seeing strong
growth in private
sector employment, including Yelp's decision earlier this year to locate a sales and marketing hub there.
Kenner would not say what kind of financial incentives the District would dangle but noted that it has been aggressive in the past in pushing for
growth in private
sector employment, particularly in tech.
On an industry basis,
growth in
employment in the retail trade
sector made the largest contribution to aggregate
growth over the year to the June quarter (Table 11).
The construction
sector saw a 6 % rise in demand in April 2017 and along with real estate they led
employment growth, with overall talent demand was up by 3 %, according to the latest RecruiteX, recruitment index by TimesJobs.
Job and wage
growth in Oregon's tech
sector has slowed considerably, and the industry's share of the state's
employment market is...
With three rounds of QE, the U.S. economy received no median wage
growth, little inflation movement, a lackluster
employment sector with numbers are cooked, and 95 % of income gains going to 1 % of the nation.
AFGC CEO Mr Gary Dawson said the State of the Industry 2015, compiled by EY, highlights strong export
growth and a lift in overall industry turnover and
employment in Australia's largest manufacturing
sector.
The data is unambiguous on current economic conditions - GDP
growth in the last quarter of 2015 was a meager 2.11 % with full year
growth of 2.79 % according to the National Bureau of Statistics (NBS); inflation rose sharply to 11.4 % in February with prospects of reaching 12 % by March; capital markets have remained bearish; according to UNCTAD Nigeria's FDI fell by 27.7 % to $ 3.4 billion in 2015, and on current trends may fall even more precipitously in 2016; the de facto exchange rate of the Naira for most producers and consumers is now N322 / $ even though CBN maintains a nominal N197 / $ for privileged persons; several economic
sectors - construction, government, manufacturing, oil and gas and hotels and restaurants are in recession or barely out of it; government's official foreign reserves is down to $ 27.8 bn; and unemployment and under -
employment rates have worsened 10.4 % and 18.7 % by the end of 2015.
«For the avoidance of doubt, we need to state it again that Dr. Ayeni is a law abiding and patriotic entrepreneur who continues to contribute to the
growth of this economy and who, through business acumen and initiatives, continues to create
employment opportunities to hundreds of Nigerians in the finance, telecommunications, oil and gas, maritime and real estate
sectors, among others, of our economy.
Mr. Speaker, the 2018 - 2021 Budget is informed by the President's Coordinated Programme for Economic and Social Development Policies which aims at creating a conducive environment for the private
sector to thrive, propel
growth and create
employment opportunies, especially for the youth.In this regard, Government's policy objectives for the medium term will aim at: • Stabilizing the economy and setting it on a path of sustained, diversified and resilient
growth; • Optimizing the key sources of
growth in the economy on sustainable basis; • Enhancing a competitive and enabling business environment for private
sector - led
growth; • Formalizing the informal
sector; • Building a strong and resilient economy able to withstand internal and external shocks; • Promoting agro-industrial enterprises as the basis for the «One District, One Factory» initiative; and • Creating entrepreneurial and
employment opportunities, especially for the youth.
«Hiring in
sectors like retail and hospitality fueled a lot of the job
growth, which allowed a lot of low or moderately skilled people to gain
employment,» Shearer said.
«The Governor and legislative leaders are to be commended for promoting the
growth of this
sector, which represents 5 % of total State
employment.»
«This will exert yet more pressure on a jobs market that is buckling under the strains of contractions in economic
growth and public
sector employment.
George Osborne has said he believes that
growth in the private
sector will mean that firms increase
employment and take on those who were working in the public
sector.
However we can provide the
growth in
employment within both
sectors.
The policy environment continues to undermine the
growth of the domestic private
sector and constrain its ability to offer sustainable
employment.
The report also shows that upstate's largest
employment growth was in the leisure and hospitality
sector.
«Since the beginning of Governor Andrew M. Cuomo's administration, New York State's economy has added 857,600 private
sector jobs and experienced
employment growth in 58 of the past 67 months.»
Most of the
employment growth upstate involved jobs in lower paying
sectors, according to an analysis with the assistance of the Fiscal Policy Institute of data showing changes between the second quarters of 2010 and 2016.
The massive
growth in public
sector employment and the quangocracy.