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employment trends – XtremeCuztoms

Category: employment trends

Almost 20 Percent of US Firms Plan to Fire Employees: NABE Survey

Roughly a fifth of American companies are looking to scale down their workforce in the coming months as businesses come under pressure of low margins, with many foreseeing an economic recession, according a January survey by the National Association for Business Economics (NABE). According to the survey, almost 20 percent of respondents expect employment at…

Unemployment Rate Drops in LA, Orange Counties

LOS ANGELES—Los Angeles County’s seasonally adjusted unemployment rate dipped to 11.3 percent in March, down from a revised 11.5 percent in February, according to figures released today by the state Employment Development Department. The 11.3 percent rate was still well above the pre-pandemic rate of 5.4 percent in March 2020. In Orange County, where seasonally…

Mature Workforce Expected to Play Key Role in Food Industry Recovery

As Orange County’s restriction-ravaged restaurants recover from the ongoing COVID-19 pandemic, they’re expected to turn to an unexpected source for help: the aging workforce. With younger employees moving toward virtual, gig- and opportunity-driven jobs, restaurants willing to dip into the more mature pool for help may just find a golden solution to the economic recovery…