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Recruiters’ Reality is the Labor Market’s Prophecy

Hiring for recruiters has slowed in many industries. The highly cyclical profession tells a story of the broader labor market.

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Demographics

Recruitonomics goes beyond the buzzwords to deliver organized and impactful insights on demographic trends. 

Macroeconomy

Inflation and debt. Labor shortages and unionization. Recessions and financial bubbles. Monitoring macroeconomic trends is critical to understanding shifts in the US labor market.

Recruiting

Data-driven insights that explain how shifts in the economy will directly impact the future of recruiting.

Technology

Throughout history, automation has driven productivity increases. Technological advancements will forever impact the labor market, and we will make sense of the latest changes, and think on what’s to come.

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The UK Labor Market is Cooling, But Worker Churn Has Frozen

The United Kingdom latest employment data will worry the BoE and the new government, especially the low level of worker churn.

Industries: Discover industry-specific insights and the state of hiring in these main sectors.

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We have expanded our reporting to cover Canada and the UK.

United States

Economic trends and conditions in the United States, how these affect the labor market, and main takeaways from important US data releases.

Canada

Expanding coverage of the Canadian economy and our takes on how economic developments will affect the Canadian labor market.

Europe

Coverage of developments in the economies of Europe, including insights on the European Central Bank and European Union.

United Kingdom

Coverage on the United Kingdom’s labor market, insights on the tumultuous economy shaping it, and timely coverage of data releases.

Germany

Breaking down the latest updates in the German economy, including the demographic shifts shaping the labor market today and tomorrow.

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Q4 2024 Labor Market Snapshot Reports

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#News

The latest from Recruitonomics

All #News Stories

Recruiters’ Reality is the Labor Market’s Prophecy

#Labor Markets # Recruiting # US
20 Nov 24
Hiring for recruiters has slowed in many industries. The highly cyclical profession tells a story of the broader labor market.
3 minutes

Trump’s Trio: How Immigration, Tariffs, and Taxes Shape the Economy

#US # Election Coverage # Macroeconomy
15 Nov 24
President-elect Donald Trump's policies on taxes, tariffs, and immigration will have impacts across the economy and on recruiters.
8 minutes

The Good, the Bad, and the Ugly: Three Takeaways from the UK Autumn Budget 

#UK # Macroeconomy
08 Nov 24
The Autumn Budget was one of the most important in decades, as the measures will materially change the U.K. macroeconomic outlook.
7 minutes

Recruitonomics Swing State Election Analysis: Pennsylvania 

#Labor Markets # Election Coverage # US
04 Nov 24
As the election fast approaches, we look at the economic and demographic dynamics in Pennsylvania, a key swing state.
6 minutes

Storms and Strikes Shake Up October Jobs Report, but Weakening Continues 

#Labor Markets # Macroeconomy # Manufacturing # US
01 Nov 24
October was the weakest month of employment growth in nearly four years, but there were factors beyond the economy that impacted gains.
4 minutes

Recruitonomics Swing State Election Analysis: Arizona 

#US # Demographics # Election Coverage
25 Oct 24
The outcome of the U.S. election will be determined by swing states, including Arizona. We look at the economic outlook for this state.
6 minutes

Top Two Voter Priorities Intertwined: Immigration and the Economy 

#Macroeconomy # Election Coverage # US
18 Oct 24
5 minutes

Is This September Report the October Surprise? 

#Labor Markets # Macroeconomy # US
04 Oct 24
The September jobs report was surprisingly strong, as the U.S. economy added 254,000 net new jobs, far higher than forecasts.
4 minutes

Will Lower Borrowing Costs Rekindle U.S. Manufacturing Jobs?

#Labor Markets # Macroeconomy # Manufacturing # US
27 Sep 24
It's no secret that the United States manufacturing industry is facing a slowdown. Do the Fed's rate cuts set the sector up for a resurgence?
5 minutes

White-Collar Gloom, Blue-Collar Bloom 

#Labor Markets # Demographics # US
11 Sep 24
The hiring boom following the pandemic has stalled. The U.S. labor market is currently experiencing a white-collar recession.
8 minutes

August Jobs Report Leaves Fed with a Coin Flip 

#Labor Markets # News # US
06 Sep 24
The August jobs report features modest employment gains and a decrease in unemployment, but it leaves the Fed in a tough position.
4 minutes

Data Revisions Subtract More Than 800,000 Jobs: What Now? 

#Labor Markets # News # US
29 Aug 24
Recent data revisions point towards a weaker labor market, but data uncertainty is higher than before the pandemic.
6 minutes

Is the Skills Gap Getting Worse in the UK?  

#Labor Markets # Recruiting # UK
23 Aug 24
The number of skill-shortage vacancies in the U.K. has surged in recent years, particularly for blue-collar occupations that are affected by Brexit.
6 minutes

The Great Reallocation: Can Worker Churn Explain the Productivity Burst?  

#Labor Markets # Europe # Recruiting # US
14 Aug 24
The U.S. labor market experienced a worker reallocation shock during the pandemic, possibly contributing to the productivity boost.
7 minutes

The Real Deal With Real Wages and Productivity

#Labor Markets # Demographics # US
12 Jul 24
It's a popular misconception that real wages have stagnated for decades. The data that backs this uses inappropriate inflation data.
4 minutes

Can Weight Loss Drugs Boost Economic Growth? 

#Labor Markets # Demographics # Europe # Macroeconomy # US
21 Jun 24
Workers’ health has been deteriorating and economic costs are rising due to the obesity epidemic. Weight loss drugs can help reverse these negative trends.
5 minutes

The Diverging Job Numbers – And Which One is Correct

#Labor Markets # News # US
13 Jun 24
Two surveys offer the primary insights into the labor market, but recently, the job numbers they offer have been diverging.
5 minutes

The ECB Should Disregard High German Wage Growth… For Now 

#Macroeconomy # Europe # Germany
05 Jun 24
High interest rates in the Europe have stifled economic growth. High German wage growth is a risk, but the ECB should continue to ease policy.
5 minutes

What Kind of Labor Market Awaits Gen Z Graduates?

#Labor Markets # Demographics # US
24 May 24
After four years of schooling marred by COVID-19, this year’s graduates are entering the workforce. What defines Gen Z’s first labor market?
5 minutes

Decoding Global Talent: Understanding Trends in US Immigration 

#Labor Markets # Macroeconomy # US
26 Apr 24
According to a new report, the United States continues to be a top destination for international talent seeking opportunities abroad.
4 minutes

Seven Facts About UK Migration 

#Demographics # UK
26 Apr 24
The U.K. has experienced a surge in immigration lately, so we gathered seven facts about the current state of immigration.
4 minutes

Conflicting Macro Data Causes Severe Headaches for the BoE

#Labor Markets # Macroeconomy # UK
18 Apr 24
In the U.K., both wages and inflation came in hotter than expected. Meanwhile, the unemployment rate edged up and payroll jobs saw a steep decline, indicating a rapidly weakening labor market.
4 minutes

Weapons, Wine, and Beauty Products: The French Economy is Hot 

#Labor Markets # Europe # Macroeconomy
10 Apr 24
The French economy has been outperforming thanks to fashionable exports, favorable demographics, and an attractive investment environment.
6 minutes

Steering Through Challenges in Canada

#Labor Markets # Canada # Macroeconomy
08 Apr 24
In a shift from the recent trend of a steadying labor market, Canada's job market experienced a setback in March, shedding 2,220 positions.
4 minutes

How Strong is Too Strong?  

#Labor Markets # Healthcare # Recruiting # Technology # US
05 Apr 24
The U.S. labor market had another impressive month, but is the enduring growth too strong for the Federal Reserve?
3 minutes

Immigration Unexpectedly Thwarts the Population Time Bomb

#Labor Markets # Demographics # Germany # Macroeconomy # UK
28 Mar 24
Advanced economies are facing shrinking workforces. But the recent immigration surge is now throwing off some older population forecasts.
5 minutes

The UK is in the Midst of a White-Collar Recession 

#Labor Markets # Demographics # Macroeconomy # UK
22 Mar 24
The U.K.’s economic downturn is currently affecting “sitting-down jobs” much more than “standing-up jobs”. The U.K. labor market is experiencing a white-collar recession.
5 minutes

Germany, Literally the Sick Man of Europe

#Germany # Macroeconomy
15 Mar 24
The amount of sick leave in Germany can partially explain why Germany’s economy tipped into recession last year.
5 minutes

The Unexpected Wage Compression 

#Labor Markets # Demographics # US
07 Mar 24
After decades of stalling wage gains for the lowest earners, the U.S. is experiencing a dramatic wage compression.
5 minutes

Where in the World are the DINKs?

#Demographics # World
01 Mar 24
Couples in different advanced economies face different opportunity costs when it comes to children, creating different pockets of DINKs across the globe.
4 minutes

Keeping Up With the DINKs

#Demographics # Macroeconomy # World
28 Feb 24
Raising kids has become increasingly expensive but not necessarily in the way that you think. Women increasingly choose career over babies – welcome to the DINK phenomenon.
4 minutes

The Divide Between Graduates’ Aspirations and Industry Demand 

#Labor Markets # Demographics # US
23 Feb 24
Despite the robust job market, recent college graduates face greater challenges in securing employment than the rest of the population.
4 minutes

The U.K. Slipped Into Recession: What Does That Mean for the Labor Market? 

#Labor Markets # Macroeconomy # UK
21 Feb 24
GDP data confirmed that the UK slipped into recession in the second half of 2023. The BoE needs to reverse course quickly or else face a more severe downturn.
5 minutes

How Would We Know if a State is in a Recession? 

#Labor Markets # Demographics # US
15 Feb 24
Pinpointing a national downturn is difficult enough, but knowing whether a state is in a recession or not is even more tricky.
5 minutes

Canada’s Labor Market Takes One Step Forward, Two Steps Back

#Labor Markets # Canada # Macroeconomy
14 Feb 24
The Canadian labor market made some impressive employment gains in January, but trouble is still brewing under the surface.
4 minutes

What Really Caused the Vibecession? 

#News # Macroeconomy
07 Feb 24
Though the economy has performed impressively, negative vibes about the future of the economy have persisted. What caused this "vibecession"?
4 minutes

The Rise of the Centaur Worker: ChatGPT’s Impact on the Jobs Market

#Labor Markets # Recruiting # Technology
26 Jan 24
Will ChatGPT be labor-augmenting or labor-displacing? The technology has the potential to create a new type of laborer: the Centaur Worker.
6 minutes

Revisions to the Job Numbers May Trouble the Fed 

#Macroeconomy # US
23 Jan 24
Data revisions have subtracted more than 400,000 jobs throughout 2023, something that Fed policymakers should keep an eye on.
5 minutes

Push and Pull Factors: Migration to OECD Countries at Record High

#World # Demographics # Germany # UK # US
17 Jan 24
OECD countries have seen a surge in migration recently. In the future, expect permanently higher migration flows due to new factors at work.
5 minutes

The Impact of AI and Automation on Recruitment Dynamics 

#Technology # Recruiting
12 Jan 24
As AI has become firmly entrenched in the recruitment process, concerns have arisen about potentially negative effects.
4 minutes

UK’s GDP Growth Looks Nice on the Surface 

#Macroeconomy # UK
09 Jan 24
Overall GDP growth in the U.K. has been steady, but the increase is driven by population growth, rather than productivity and income growth.
4 minutes

2024 US Labor Market Outlook: Moving to Beige (Stable and Boring) 

#Labor Markets # Macroeconomy # US
05 Jan 24
Since the pandemic started, stability has been lacking in the labor market. The outlook for 2024 looks much more normal.
4 minutes

A Tour of a Holiday Home, Told Through Charts 

#Macroeconomy
22 Dec 23
Ah, the holiday season. We decided to spark some holiday cheer by finding the most festive charts we could.
2 minutes

UK Outlook: Exceeding Expectations but… Stagnating? 

#Labor Markets # Macroeconomy # UK
15 Dec 23
The United Kingdom's economic outlook is only slightly more uncertain than its current status, which is bad news for the central bank.
5 minutes

Eurozone 2024 Outlook: Monetary Policy in the Driver’s Seat 

#Labor Markets # Europe # Germany # Macroeconomy
12 Dec 23
The outlook for the Eurozone is not looking positive for 2024, especially if the European Central Bank continues on its current path.
5 minutes

US Jobs Market Won’t Quit! 

#Labor Markets # Macroeconomy # US
08 Dec 23
The American jobs market once again saw impressive gains in November, as shown in a jobs report that supported the soft landing narrative.
3 minutes

Disabled Workers Have Thrived in Recent Years. Can it Last?  

#Demographics # Recruiting # US
05 Dec 23
Recent developments have contributed to impressive labor force outcomes for disabled workers, but are they permanent or transient solutions?
4 minutes

Canadian Economy Unsteady Heading Into 2024

#Canada # News
01 Dec 23
The Canadian labor market added 25,000 new jobs in November, while the unemployment rate rose to 5.8%.
3 minutes

Tory Tax Cuts: Money Illusion is Doing Some Heavy Lifting  

#News # Healthcare # UK
30 Nov 23
Will the proposed tax cuts from the U.K. government's actually boost economic growth or is their usefulness overstated in nominal terms?
5 minutes

Finding Meaning and Purpose in Today’s Work Landscape

#Recruiting # US
28 Nov 23
Employees desire meaningful work, but not every worker finds purpose within their professions. What can employers do to help curate purpose?
5 minutes

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