Oct 01, 2012

DCR National Temp Wage Index - October 2012

Temporary worker wages at the national level will tend to improve towards the end of the year due to the improvement in the unemployment rate by 0.2% (falling from 1,246,000 in August to 1,169,000 in September).  The overall unemployment rate fell to 7.8% from an 8.1-8.3 range, for the first time in the last 8 months.  This major improvement in the unemployment below 8 % is mainly driven by the unemployment rates for adult men (7.3 percent); adult women (7.0 percent) and whites (7.0 percent) declined over the month.

Employment stimulators

Federal government initiatives to revitalize American manufacturing by public-private partnerships across America, through $20 million in total awards, will encourage companies to invest in the United States.

DMACC (Des Moines Area Community College) in Iowa, with its advanced manufacturing training program, is preparing students to meet growing demand in the manufacturing sector.

Latino women as a group has grown faster than any other group in  self-employment and small business, which is proven by the fact that their unemployment rate declined more than 1 percent in the last one year, and the group emerged with faster and sustainable employment growth.

VRAP (Veterans Retraining Assistance Program), in collaboration with the Department of Labor, will conduct a paid retraining program for eligible veterans between the age of 35 and 60 in high demand occupation.

U.S. Manufacturer industry is turning lean with its increase in the deployment of temporary workers leads to embrace some of standard lean practices to make the transition during the demand surge smoother and faster.

“ The loss of US factory jobs...because they were the result mostly of technological innovation and to a lesser degree of some shifting of assembly operations to developing economies where costs were significantly lower, were not the death knell of US manufacturing.” ~Jim Glassman, JP Morgan economist