As February winds down, the economic and employment outlook for 2023 continues to give us whiplash. On one hand, you have the “stunningly strong” January jobs report, which showed an increase of 517,000 positions, crushing market estimates of 187,000 and December’s gain of 260,000. Meanwhile, unemployment rates continued to decrease from 3.6% to 3.4% — the […]
Last month, as 2022 went into the history books as yet another year marked by disruption in the economic and employment outlook, we took a look at the hiring trends we identified as defining the coming 12 months. As 2023 gets underway, we would like to dive deeper into how employers can build a successful […]
Today’s turbulent and rapidly shifting jobs market can raise some unprecedented challenges for CEOs and hiring managers. As talent management expert Josh Bersin recently noted, “We have entered one of the most confusing job markets in decades. While the unemployment rate continues to drop, companies are also worried about the slowdown. So they’re ‘hiring’ and […]
It may be hard to believe in a year such as this, but 2022 is (more than) half over. We all are familiar with the headlines where the news seems to veer in different directions on a daily basis. But, what can we learn from the last six months that will prepare us and our […]
In today’s volatile labor market —the historic convergence of low unemployment percentages, high turnover rates and an overflow of job openings continues to dominate the cycle — having a smart, future-focused hiring strategy has never been more essential to ensuring a company’s long-term relevance and resilience. Add in the rising threat of inflation and you […]
The February jobs report showed signs of life for the U.S. employment outlook — a surprisingly strong 678,000 positions were added, with widespread growth across industries, led by the leisure and hospitality, healthcare and construction sectors. The unemployment rate also decreased to 3.8 percent, down from 4 percent in January. Clearly things are headed in […]
As 2021 comes to a close and we all adjust to a “new normal” (which, we’re realizing, is a very fluid situation), it’s a worthwhile exercise to look back at the milestones that marked the year, both for our company and in our industries. But, we believe, it’s just as important to futurecast — to […]
It’s been headline news for several months now, and the Great Resignation of 2021 continues to redefine workplaces across the world. According to a recent report by the U.S. Bureau of Labor Statistics, a record 4.4 million people quit their jobs in September. This mass exodus has employers scratching their heads and scrambling to right […]
The much touted Hiring Surge of 2021 has been tempered due to the ongoing uncertainty of the global pandemic and the unpredictability of our workplace practices as we once knew them. However, while many professionals (rightfully) view this continuing upheaval as unsettling, others are identifying opportunities for meaningful change. As Andy Grove, the famed founder […]