Labor Market Healthiest Since 2008 Says Conference Board Report

The Conference Board Employment Trends Index, which uses eight different labor-market indicators to pick out underlying trends that are moving the job market, reached its highest point since June 2008 this morning. The report doesn’t point to fast accelerating job growth (that won’t come unless GDP growth picks up), but does bode well for the steady, consistent job creation needed to keep the recovery moving forward. Friday’s April Jobs Report pointed to strong and consistent...

April Jobs Data Suggest No Spring Slowdown – But Impact Of Government Cuts Showing Up

The economy added 165,000 jobs last month, above analyst projections and an improvement over March’s increase of 138,000 jobs, and the unemployment rate edged down to 7.5%. Concerns of a spring slowdown sparked by last month’s weak report appear to be unfounded – but the details of the report show that sharp and sudden government cutbacks from the sequester are hurting the job market. The first four months of employment data for the year paint an encouraging picture. Businesses have added...

A New Era For American Manufacturers?

It’s no secret that American manufacturers have been at the leading edge of the economic recovery. We’ve added 520,000 manufacturing jobs since January 2010, the strongest period of manufacturing job growth since the 1990’s. And stories about companies like GE and Ford moving operations back to the U.S. pop up seemingly every week. But the manufacturing sector is digging itself out of a deep, deep hole. The U.S. lost 41 percent of its manufacturing jobs...

The importance of a well-educated workforce

At Business Forward briefings across the country, business leaders have shared how important a well-educated workforce is, stressing the value in continue with STEM initiatives and community partnerships for job training. The numbers and research back them up. In a Pew Report released in January, researchers found that a four-year college degree helped protect young people from unemployment, low-skill jobs, and lesser wages during the recent economic downturn. A study completed by researchers...

How is political brinksmanship affecting businesses? Small firms may stand to benefit the most from a ‘certainty dividend’

During the 2012 presidential campaign, the Romney campaign cited research by economists Nick Bloom and Steve Davis, suggesting that a return to pre-financial crisis levels of economic uncertainty could create 2.3 million new jobs over 18 months, a sort of ‘certainty dividend’. Uncertainty over future tax bills and government spending, the theory goes, chills business’ decisions to invest in new plants and equipment or hire new workers. Resolving this uncertainty would give businesses the...

February Jobs Report: A Long Way to Go, But Some Encouraging Signs For Improved Job Growth

Today’s jobs report showed that last month businesses added 246,000 jobs, well above the 2012 average of about 190,000 jobs per month. And while the unemployment rate fell to 7.7%, about 130,000 people left the labor force. Though the economy has now added over 2 million jobs in the last 12 months, job growth is just keeping pace with population growth – the share of the population that is employed is the same as it was in February 2012. For businesses looking to hire, this means that...

5 things you need to know about the fiscal cliff deal

5 things you need to know about the fiscal cliff deal

A look at Business Forward’s 2012

A look at Business Forward’s 2012

If we go off the “fiscal cliff”…

Consumers will spend an estimated $200 billion less in our economy next year according to the President’s Council of Economic Advisers.

Business Forward President Jim Doyle on C-SPAN

Watch Business Forward President Jim Doyle on C-SPAN to see how business leaders are encouraging Washington to adopt a balanced approach to the fiscal cliff.