Friday, August 3, 2018

The workforce is doing well

The Bureau of Labor Statistics (BLS) today released its “Employment Situation Report” for July, 2018.   It is a very positive report that continues to reflect an improved workforce environment.
Workforce health is related to the overall health of the economy: Gross Domestic Product (GDP) reportedly increased 4.1% in the second quarter of this year – a high growth rate;   measures of business and consumer confidence are high;  wages may finally be rising in a tight labor market;  inflation is holding at about 2%; the stock market remains at very high levels.