This year’s economy has continued to be a job-seeker’s market, with nearly 48 million people quitting a job last year and 76 million taking a new one. Although the labor market currently has 11 million openings, according to recent Labor Statistics data, candidates now have the upper hand with roughly 2 open jobs for every … Continue reading Lions, Tigers and Bears-How the recruiting game has changed in the last year
There have been some interesting job data released over the last week indicating the challenging talent market is improving despite signs the economy is heading toward a tumultuous year. Here are three data points to consider as you develop your Talent Strategy for the remaining months of 2022. Continue reading March Job Numbers: 3 data points to consider as you develop your Talent Strategy
So before we start throwing parties like an armageddon movie from the early 2000’s, let’s remain realistic and agree we are not out of trouble yet. Here’s what the latest numbers from the Bureau of Labor aren’t addressing. Continue reading Is the US Job Market Really “Powering Ahead”?
When the term “Great Resignation” first hit the job circuit, many of us felt in our gut it would have a major impact on an already complicated talent market. I do not think anyone could imagine the seismic shift in the workforce most companies experienced during the summer of 2021 and beyond. Estimates show nearly … Continue reading What we’ve learned during the Great Resignation
The Talent Acquisition industry continues to battle for talent in an increasingly tight market. Companies have been forced to reevaluate the emphasis on retention as many struggle to attract talent in a market where non-industry competitors are upping the stakes. Many point to the Great Resignation as the driving force behind the labor shortage but Emsi recently released data that should have most in the labor market terrified. Continue reading Here’s what’s worse than the Great Resignation
The term “War for Talent” has been around for the last two decades, but many recruiters feel as though they’re in a real fight for their life. Many recruiters return from the talent battlefield beaten, exhausted and with torn armor, to face a barrage of data demands from their leaders. In these moments of exhaustion, … Continue reading Recruiting Metrics: Are you focusing on the right bullet holes?
The October Bureau of Labor Statistics report on employment, released on November 5, contains broadly positive news, with overall growth in non-farm employment of 531,000 which is the highest since July. The number of US jobs created surpassed the estimated 450,000 wages and recovering from dipping point in September. The Labor Department said Friday that the … Continue reading The October Labor Numbers: what candidates are telling us
The US economy created the fewest jobs in seven months in August as the hiring stalled in the leisure and hospitality industries and a resurgence in infections weighed on demand for in markets like restaurants and hotels that have been driving most of the hiring. August employment report show the US economy added 235,000 jobs … Continue reading The August Numbers are In…. It’s not looking good!
I used to get excited to dig into the analytics and labor data so I could update my hiring leaders on the latest trends. Lately, I feel like I’ve been reading the obituaries. Here’s why! Continue reading The 2 Demographic Challenges for the Workforce-Man, can we catch a break?
Analyzing labor data and trends is essential to the success of any recruiting leader. You have to know what is going on not only in your labor market but at the macro level to identify potential trends. Every month, I prefer reviewing the data from the Bureau of Labor versus reviewing the analysis provided by most news organizations. Continue reading Recruiting Analytics-The numbers are in but do they make sense?