The US Labor Department reported on Friday that American employers added 943,000 jobs in July, a sign that the US economy is continuing to bounce back with vigor, according to the Associated Press.
Also, the unemployment rate dropped to 5.4% for July, from 5.9% in June.
These hiring numbers exceeded economists’ estimates — which sat at 860,000 jobs.
The jobs market does face a threat of the coronavirus’ contagious delta variant. The latest jobs numbers were collected before the US Centers for Disease Control and Prevention recommended that vaccinated people resume wearing masks indoors in places with high transmission, the article said.
“If the pace of hiring over the last three months continues, all jobs loss due to the pandemic would be regained in seven months,” Leslie Preston, senior economist at TD Economics, wrote in a report. “However, the pace is likely to cool a bit, and the risk of the delta variant looms.”
Supply chain organizations focus on diversity efforts
The number of diversity, equity and inclusion initiatives taken on by supply chain organizations doubled in 2020 from 2019, a Wall Street Journal article reported. Leadership still ranks largely white and male, while minorities are concentrated to the lower-level roles.
Many logistics businesses — like United Parcel Service Inc., Union Pacific Corp. and Norfolk Southern Corp. — have joined a pledge called the CEO Action for Diversity & Inclusion to advance the values in the workplace. The article reported that racial minorities in logistics are often concentrated in blue-collar roles like truck drivers and warehouse workers.
Things are improving, the article said.
“This isn’t a flavor of the day,” Ilias Simpson, Chief Executive of the online fulfillment and technology provider Radial Inc., told the WSJ. “We all recognize that there is work to be done, and everybody’s up for that task. … It’s a business imperative.”
Spend Matters’ analysts look at carbon emissions, ESG and suite vendors, and Promena
This week as part of our ongoing series on ESG technology and sustainability issues, Spend Matters PRO analyst Bertrand Maltaverne analyzed procurement’s role in supply chain carbon emissions reduction. In other PRO coverage, analysts Nikhil Gaur and Nick Heinzmann provided profiles of Coupa, GEP, Ivalua, Jaggaer and SAP Ariba and their ESG efforts. Finally, the Spend Matters’ analyst team provided a “What Makes It Great” column on Promena’s sourcing solution, using SolutionMap customer data.
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