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King & Bishop June 2018 Jobs Report

The U.S. economy added 213,000 jobs in the month of June though the unemployment increased to 4%. The reason for the rise in the unemployment rate is due to the increase in the amount of people joining the labor force in June. Wages rose by 0.2% in June over May. The Year over year increase is 2.7%. Specifically, 36,000 manufacturing jobs were added in June, which is around twice the number of ...
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$25M Grant Cycle Opens!

Read below to learn more about Cummings' news regarding the $25M Grant Cycle! Cummings Tri-County Fund $25 Million Grant Program Launches July 1 Cummings Foundation is delighted to announce a major increase to its local area grant-making, launching a $25 million grant cycle on July 1. The Foundation will award $10 million through the $100K for 100 program and an additional $15 million (up f...
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The Open Door

Great news! The Open Door, which is a nonprofit organization in Gloucester, Massachusetts, was chosen to receive $100k from the Cummings Foundation.  Read what members of the Open Door have to say about this exciting news! WAHOO!! Thrilled to share our news! Cummings employees Mike Taormina and Alma Philpott popped by to announce The Open Door's $100,000 grant award from Cummings Foundation!...
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Greater Merrimack Valley Human Resources Association

Special thanks to the Greater Merrimack Valley Human Resources Association for the opportunity to sponsor today’s event and learning from Kevin Keleher and Dan Griffiths about the "Five Habits of Destructive HR Leaders." Kevin and Dan pictured here with Lucine Boloyan - an HR intern with King & Bishop. Check out the Greater Merrimack Valley Human Resources Association website: https:...
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May 2018 Jobs Report

The May 2018 Employment Situation brought more good news to the US Economy. Job creation came in at 230,000, ahead by 40,000 from most analysts’ predictions. The unemployment rate dropped to 3.8% in the month of May, which is the lowest the unemployment rate has been in 18 years. You would have to go back to April of 2000 to see this rate – at a time when the NASDAQ was flirting with 5000. Look...
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March 2018 Jobs Report

For March 2018, Wall Street anticipated that 193,000 jobs would be added, however, only 103,000 jobs were identified as the actual gain. Analysts concur that the focus should remain on the big picture, which is that “the job market is widely regarded to be close to full employment.” Market segment increases point to 33,000 new professional and business services, 22,000 new manufacturing and health...
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February Jobs Report

On Friday, the BLS reported that 313,000 jobs were added in February, which is far more than what economists forecasted. Analysts expected that only 205,000 jobs would be added in February. The national unemployment rate remains at 4.1%. One of the larger improvements came in with 61,000 workers added in the field of construction, the highest increase seen in this sector in about 11 years. Additi...
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King & Bishop Jobs Report for January 2018

  Employment Situation for January 2018: Recognizing Wage Growth Analysts were calling for 180,000 new jobs for January 2018 and we were all pleasantly surprised on Friday when the BLS reported that the U.S. has added 200,000 jobs, which on its own is great news. While the economy continues to improve and create more jobs, the larger question looming has been "where is the wage gr...
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White Hot Job Market

On Wednesday January 24th, Commonwealth of Massachusetts Housing and Economic Secretary Jay Ash spoke at the monthly New England Business Association (NEBA) Breakfast. Among the topics covered was the frequency of calls he receives from businesses outside Massachusetts looking to move into Boston and specifically to the “Seaport District” and Cambridge. The Secretary termed these areas as “Whit...
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King & Bishop Jobs Report for December 2017

MONTHLY JOB GROWTH + 148,000 The economy added 148,000 jobs in December. That's far below the 2017 monthly average of 171,000 jobs added but is enough to keep up with population growth and chip away at unemployment. ANNUAL JOB GROWTH + 2.1 Million U.S. payrolls grew by a seasonally adjusted 2.1 million in 2017. For the first time since the 1990s, the economy has added at least 2 million jobs ...
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