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Energy China holds first supply chain conference at the 6th CIIE

November 13, 2023 by admin

13 Nov, 2023, 01:23 ET

BEIJING, Nov. 12, 2023 /PRNewswire/ — A news report from chinadaily.com.cn:

China Energy Engineering Group Co., Ltd. (Energy China, CEEC) held the first Supply Chain Cooperation & Development Conference and the Contract-Signing Ceremony of the 6th China International Import Expo (CIIE) in Shanghai on Nov 7.

The event aimed at promoting China’s deep cooperation with global supply chain partners, integrated development, and mutual benefit and win-win cooperation as well as accelerating the green, digital, intelligent transformation and development so as to better serve sustainable development.

Song Hailiang, chairman of Energy China, pointed out that supply chain has become an important embodiment of the core competitiveness of enterprises, and supply chain innovation has become a key support for high-quality development of enterprises. Energy China will adapt to the general trend, take the initiative to work with partners to stabilize the supply chain so as to build a safe, stable, green, low-carbon, efficient and integrated supply chain system.

At the event, Energy China signed a procurement framework agreement with Siemens Energy Global GmbH & Co.KG of German. CGGC-UN POWER, a subsidiary company of CEEC, signed a gas internal combustion engine purchase intent agreement with Bergen Engines As of Norway. CEEC-Hydrogen Energy signed a hydrogen production equipment and green ammonia supply framework agreement with SK E&S. CEEC Electronic Commerce signed an international logistic purchase intent agreement with Rongtua Shipping Group of Singapore, and China Energy Construction Group, a subsidiary company of CEEC, signed with DP Clean Tech of Poland a design and procurement agreement for a biomass power plant boiler system in Cote d’Ivoire. At the 6th CIIE, Energy China has signed agreements with a total value exceeding US$1.7 billion, a record high.

As a firm supporter, active promoter, in-depth participant and practical beneficiary of the CIIE, Energy China has participated in the CIIE for six consecutive years and the cumulative value of its agreements exceeds US$4.5 billion.

As one of the world’s largest comprehensive solution providers and infrastructure investment contractors in the power industry, Energy China has business operations in more than 140 countries and regions around the world, and employs more than 100,000 people in its international business. The company’s cumulative contract value in the Belt and Road countries has reached more than 500 billion yuan in the past five years, accounting for more than 10% of the total by Chinese enterprises.

About 400 people attended the conference. VIP attendees included senior officials of State-owned Assets Supervision and Administration Commission of the State Council, China Federation of Logistics and Purchasing, Siemens AG, Bergen Engines, Dongfang Electric, Harbin Electric, China Electric Equipment Group, CRRC Group and other energy construction industry and supply chain partners of the country.

SOURCE chinadaily.com.cn

ADP National Employment Report: Private Sector Employment Increased by 113,000 Jobs in October; Annual Pay was Up 5.7%

November 9, 2023 by admin

News provided by

ADP, Inc.

01 Nov, 2023, 08:15 ET

ROSELAND, N.J., Nov. 1, 2023 /PRNewswire/ — Private sector employment increased by 113,000 jobs in October and annual pay was up 5.7 percent year-over-year, according to the October ADP^® National Employment Report^TM produced by the ADP Research Institute^® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab“). The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees.

The jobs report and pay insights use ADP’s fine-grained anonymized and aggregated payroll data to provide a representative picture of the private-sector labor market. The report details the current month’s total private employment change, and weekly job data from the previous month. Because the underlying ADP payroll databases are continuously updated, the report provides a high-frequency, near real-time measure of U.S. employment. This measure reflects the number of employees on ADP client payrolls (Payroll Employment) to provide a richer understanding of the labor market. ADP’s pay measure uniquely captures the earnings of a cohort of almost 10 million employees over a 12-month period.

“No single industry dominated hiring this month, and big post-pandemic pay increases seem to be behind us,” said Nela Richardson, chief economist, ADP. “In all, October’s numbers paint a well-rounded jobs picture. And while the labor market has slowed, it’s still enough to support strong consumer spending.”

October 2023 Report Highlights*

View the ADP National Employment Report and interactive charts at www.adpemploymentreport.com.

JOBS REPORT

Private employers added 113,000 jobs in October
Leisure and hospitality hiring led the post-pandemic job recovery. But the industry ceded its place as the top job creator last month to education and health care.

Change in U.S. Private Employment: 113,000

Change by Industry Sector

– Goods-producing: 6,000

Natural resources/mining -1,000
Construction 4,000
Manufacturing 3,000

– Service-providing: 107,000

Trade/transportation/utilities 35,000
Information 0
Financial activities 21,000
Professional/business services -10,000
Education/health services 45,000
Leisure/hospitality 17,000
Other services -1,000

Change by U.S. Regions

– Northeast: 21,000

New England 4,000
Middle Atlantic 17,000

– Midwest: -13,000

East North Central -17,000
West North Central 4,000

– South: 64,000

South Atlantic 34,000
East South Central 5,000
West South Central 25,000

– West: 46,000

Mountain 6,000
Pacific 40,000

Change by Establishment Size

– Small establishments: 19,000

1-19 employees 21,000
20-49 employees -2,000

– Medium establishments: 78,000

50-249 employees 96,000
250-499 employees -18,000

– Large establishments: 18,000

500+ employees 18,000

PAY INSIGHTS

Pay growth slowed to two-year low in October
Job-stayers reported a 5.7 percent year-over-year pay increase in October, the slowest pace of growth since October 2021. Pay growth for job-changers was 8.4 percent, the smallest increase since July 2021.

Median Change in Annual Pay (ADP matched person sample)

– Job-Stayers 5.7%

– Job-Changers 8.4%

Median Change in Annual Pay for Job-Stayers by Industry Sector

– Goods-producing:

Natural resources/mining 5.3%
Construction 5.8%
Manufacturing 5.2%

– Service-providing:

Trade/transportation/utilities 5.5%
Information 5.1%
Financial activities 6.1%
Professional/business services 5.6%
Education/health services 6.3%
Leisure/hospitality 6.6%
Other services 5.9%

Median Change in Annual Pay for Job-Stayers by Firm Size

– Small firms:

1-19 employees 4.9%
20-49 employees 5.8%

– Medium firms:

50-249 employees 5.9%
250-499 employees 5.8%

– Large firms:

500+ employees 5.8%

To see Pay Insights by U.S. State, Gender, and Age for Job-Stayers, visit here:

* Sum of components may not equal total, due to rounding.

The September total of jobs added remained unchanged with no revision at 89,000. The historical data file, and weekly data for the previous month, is available at https://adpemploymentreport.com/.

To subscribe to monthly email alerts or obtain additional information about the ADP National Employment Report, including employment and pay data, interactive charts, methodology, and a calendar of release dates, please visit https://adpemploymentreport.com/.

The November 2023 ADP National Employment Report will be released at 8:15 a.m. ET on December 6, 2023.

About the ADP® National Employment Report^TMThe ADP National Employment Report is an independent measure of the change in U.S. private employment and pay derived from actual, anonymized payroll data of client companies served by ADP, a leading provider of human capital management solutions. The report is produced by ADP Research Institute in collaboration with the Stanford Digital Economy Lab.

The ADP National Employment Report is broadly distributed to the public each month, free of charge, as part of the company’s commitment to offering deeper insights of the U.S. labor market and providing businesses and governments with a source of credible and valuable information.

About the ADP Research Institute®
The ADP Research Institute delivers data-driven discoveries about the world of work and derives reliable economic indicators from these insights. We offer these findings as a unique contribution to making the world of work better and more productive by delivering actionable insights to the economy at large.

About ADP (NASDAQ – ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com

ADP, the ADP logo, and Always Designing for People, ADP National Employment Report, and ADP Research Institute are registered trademarks of ADP, Inc. All other marks are the property of their respective owners.

ADP-Media

SOURCE ADP, Inc.

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