Archive for Clients

138,000 Jobs Added in May

The latest From the BLS Employment Report: The U.S. economy added 138,000 jobs last month.  With the release of this month’s BLS report, the employment situation shows a steady recovery. Unemployment has now reached a 16-year low. The rate dropped to 4.3% in May — its lowest level since May 2001. So far this year, the U.S. has added 810,000 jobs. Since February, the first jobs report under President Trump, the U.S. has gained 594,000 jobs.

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211,000 Jobs Added to the Economy in April

The latest From the BLS Employment Report: Job creation in April soared to 211,000 while the unemployment rate fell to 4.4 percent, its lowest since the recession. So far this year, employers have added an average of 174,000 jobs. The average hourly earnings of private-sector workers grew 2.5 percent in the last year. This marks steady growth after a lackluster March. The boost in jobs growth confirmed that the tepid March numbers were a weather-related aberration, said Tony Bedikian, head of global markets for Citizens Bank.

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Changes Coming to Credit Score Calculations

Consumers with debt have something to look forward to in the Fall of 2017: a new version of VantageScore. This credit scoring model was introduced in 2006 by the three major credit reporting companies. The new credit score system, VantageScore 4.0, is supposed to provide more insight into a consumer’s use of debt and the risk a lender may be taking on by extending credit. How is the new model different?

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98,000 jobs added to the Economy in March

The latest From the BLS Employment Report: The third jobs report of 2017 showed that the economy continues to trend positively. The Labor Department reports that 98,000 jobs were added in March. The unemployment rate dropped to noticeable 4.5 percent, down .2 percent from last month. The change in total nonfarm payroll employment for January was revised down from 238,000 to 216,000. The numbers for February were revised down from 235,000 to 219,000. With these revisions, employment gains in January and February combined were 38,000 less than previously reported.

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Closing the Pay Gap

Equal Pay Day is Tuesday, April 4, 2017. This day originated with the National Committee on Pay Equity in 1996. April 4th symbolizes how far into the new year women must work to earn what men earned in the previous year. In the U.S., women earn around 80 cents for every dollar men make, though results vary when you break them down by industry and other factors. But no matter how you run the numbers, the pay gap in finance is one of the widest.

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The Cost of a Bad Hire

When you make a hiring decision, after weeks of interviewing and on boarding, and that employee leaves the company, it effects your bottom line. Making a bad hiring decision might seem like a temporary setback, but oftentimes, it can impede growth and effect culture longterm. So, what, we ask, is the overall cost of a bad hire?

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235,000 Jobs Added in February

The Latest From the BLS Employment Report: The second jobs report of 2017 showed that the economy continues to trend positively. The Labor Department reports that 235,000 jobs were added in February. The unemployment rate dropped slightly to 4.7 percent, down .2 percent year-over-year. The actual number of jobs added far exceeded the predicted number of 190,000, and as a result, there is an increased likelihood of a rate increase by the Fed when they meet next week.

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