Economic News

U.S. CIOs Reveal Hiring Plans For Second Half Of 2015

Technology Jobs Tavorro Careers

Twenty-two percent of U.S. chief information officers (CIOs) surveyed recently plan to expand their information technology (IT) teams in the second half of 2015, according to the just-released Robert Half Technology IT Hiring Forecast and Local Trend Report. This is a three-point increase from the prior six-month period and up eight percentage points from one year ago. Sixty-seven percent of CIOs intend to hire only for open IT roles, 9 percent anticipate putting hiring plans on hold, and 2 percent expect to reduce their IT staff in the second half of the year.

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Nation Gains More than 4 Million Nonemployer Businesses Over the Last Decade


Florida Gains More Over the Last Year Than Any Other State. There were 23.0 million businesses without paid employees, or nonemployer businesses, in the United States in 2013, up 4.4 million from 2003 and 269,705, or 1.2 percent, from 2012, according to statistics released by the U.S. Census Bureau. Most industry sectors with nonemployer businesses experienced growth in the number of nonemployer establishments and receipts since 2012, according to Nonemployer Statistics: 2013, which includes data on businesses in nearly 450 industries located in metropolitan areas, counties, states and nationwide. For example, the construction sector (NAICS 23) saw its first increase in number of nonemployer establishments since 2007. The sector added 21,644 establishments between 2012 and 2013.

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Ten U.S. Cities Now Have 1 Million People or More


California and Texas Each Have Three of These Places San Josea, Calif., is now among the 10 U.S. cities with a population of 1 million or more, according to estimates released today by the U.S. Census Bureau. California now has three cities with 1 million or more people (Los Angeles, San Diego and San Jose), tying Texas (Houston, San Antonio and Dallas) for the lead among states.

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Reality Bites for Boomers Unable to Work in Retirement, New Study Unveils


Seventy-two percent of America’s retired Baby Boomers are not currently working for pay in retirement. However, of those, a surprising number (48%) would like to work but cannot, due to their own health reasons (35%), the health of a loved one (5%) or because they can’t find a job (8%), according to a new study commissioned by Bankers Life Center for a Secure Retirement® (CSR).

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Texas is No. 1 State for Business; It Continues to Outshine All Other States in Driving Business

Best States For Business

The longhorn state leads the U.S. in Chief Executive’s Best & Worst States for Business and is the only Southwest state to make the top 5. Chief executives have shown that they favor pro-growth, low-tax states, by ranking Texas the best state for business in Chief Executive magazine’s 2015 “Best and Worst States for Business” survey. This is Texas’ 11th year on top.

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Registered Nurse is Largest Occupation with an Above Average Wage $69,790

Nursing Degree Programs Tavorro Career Blog

The occupations with the largest employment in May 2014 were retail salespersons and cashiers, the U.S. Bureau of Labor Statistics reported today. These two occupations combined made up nearly 6 percent of total U.S. employment, with employment levels of 4.6 million and 3.4 million, respectively. Of the 10 largest occupations, only registered nurses, with an annual mean wage of $69,790, had an average wage above the U.S. all occupations mean of $47,230. The highest paying occupations overall included several physician and dentist occupations, chief executives, nurse anesthetists, and petroleum engineers. National employment and wage information for all occupations is shown in table 1.

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One-Quarter of CFOs Have Lost Good Employees to Companies Offering Higher Compensation


The U.S. Bureau of Labor Statistics recently reported 2.7 million people quit their jobs in February, up by nearly a quarter million year over year, and separate research suggests below-market compensation could be one of the causes of continuing turnover. In a new survey from global staffing firm Robert Half, one in four (25 percent) chief financial officers (CFOs) interviewed said he or she has lost a good employee in the past year to a job that paid more. This comes on the heels of previous Robert Half research, which found salary was the top reason people quit their jobs.

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Average State Personal Income Growth Accelerated to 3.9 Percent

Average state personal income growth accelerated to 3.9 percent in 2014 from 2.0 percent in 2013, according to estimates released today by the U.S. Bureau of Economic Analysis. Growth of state personal income–the sum of net earnings by place of residence, property income, and personal current transfer receipts–ranged from 0.5 percent in Nebraska to 5.7 percent in Alaska and Oregon, with 45 states growing faster in 2014 than in 2013. Inflation, as measured by the national price index for personal consumption expenditures, was 1.3 percent in 2014 and 1.2 percent in 2013.

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One Third of Lawyers Expect to Increase Hiring of Entry Level Associates


The job market for newly minted associates is showing signs of improvement. Nearly one-third (32 percent) of lawyers recently interviewed for a Robert Half Legal survey said their law firm or company plans to increase its hiring of entry-level associates in the next 12 months. Five percent of lawyers said they expect to decrease hiring while 60 percent anticipate no change in hiring activity.

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Small Businesses Plan to Increase Investments and Employee Compensation in 2015


Business Barometer Finds Women and Millennials are Driving Optimism, Particularly at Local Level, but Many Struggle to Achieve Work-Life Balance. Small business owners are feeling positive about financial conditions and their local and national economies as they plan to increase investments in business processes, technology, employee compensation and other areas, according to Capital One’s latest Spark Business Barometer.

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