Tankmart International rolls out new website
NACV Show names official hotels
Tankmart International rolls out new website
AscendTMS launches commission system for TMS Software
InMotion Global, Inc. announced that AscendTMS has released a new commission and branch split management system available for TMS software.
The new module is provided as an included feature of the Premium AscendTMS subscription. It allows carriers and freight brokers to setup and manage a variety of sales commission and branch split programs, along with full commission overrides on a load-by-load basis, the company noted.
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Economic Watch: Employment Growth Remains Strong
The number of job gains showed no signs of easing up in June, as the Labor Department reports strong additions, with hiring better than previously estimated.
There were 222,000 non-farm jobs added last month, far better than a consensus estimate from analysts. The unemployment rate was little changed at 4.4% as more people looked for jobs.
Despite the overall gain in June, for-hire trucking shed 1,400 jobs in June. The wider transportation and warehousing sector added 2,400 jobs, due mainly to gains in couriers/messengers and passenger transportation.
The department also revised upward the performance of job gains in May and April, reflecting an additional 47,000 jobs for the two months combined.
Unemployment is down half a percent from a year ago – double that when including sources of hidden unemployment such as discouraged workers, according to Nathan Janzen, senior economist at RBC Economics Research.
“Wage growth has moderated somewhat year-to-date but ticked higher in June, with an increasingly tight labor market arguing more gains are on the way."
“Wage growth has moderated somewhat year-to-date but ticked higher in June, with an increasingly tight labor market arguing more gains are on the way,” he said. “On balance, the labor force data continues to suggest that the economy is having little difficulty absorbing Federal Reserve [interest] rate hikes to-date and should provide additional confidence that more are warranted.”
Overall in June, employment rose in the health care, social assistance, financial activities, and mining sectors. Employment growth has averaged 180,000 per month so far this year, in line with the average monthly gain of 187,000 in 2016.
Wells Fargo Securities noted in the goods sector, manufacturing employment posted a small gain, while hiring in construction was up a solid 16,000 jobs, likely reflecting some seasonal improvement.
“Our outlook remains for a rebound in real gross domestic product growth in the second quarter ...Read the rest of this story