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.

News

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.

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

recruitonomics

Recruitonomics is a hub for data-driven research that aims to make sense of our evolving world of work.

#Macroeconomy

What You’ll Find: Inflation and debt. Labor shortages and unionization. Recessions and financial bubbles. Monitoring macroeconomic trends is critical to understanding shifts in the US labor market.

All #Macroeconomy Stories

President-elect Donald Trump's policies on taxes, tariffs, and immigration will have impacts across the economy and on recruiters.
8 minutes
The Autumn Budget was one of the most important in decades, as the measures will materially change the U.K. macroeconomic outlook.
7 minutes
October was the weakest month of employment growth in nearly four years, but there were factors beyond the economy that impacted gains.
4 minutes
The September jobs report was surprisingly strong, as the U.S. economy added 254,000 net new jobs, far higher than forecasts.
4 minutes
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
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
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
According to a new report, the United States continues to be a top destination for international talent seeking opportunities abroad.
4 minutes
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
The French economy has been outperforming thanks to fashionable exports, favorable demographics, and an attractive investment environment.
6 minutes
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
Advanced economies are facing shrinking workforces. But the recent immigration surge is now throwing off some older population forecasts.
5 minutes
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
The amount of sick leave in Germany can partially explain why Germany’s economy tipped into recession last year.
5 minutes
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
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
The Canadian labor market made some impressive employment gains in January, but trouble is still brewing under the surface.
4 minutes
Though the economy has performed impressively, negative vibes about the future of the economy have persisted. What caused this "vibecession"?
4 minutes
Data revisions have subtracted more than 400,000 jobs throughout 2023, something that Fed policymakers should keep an eye on.
5 minutes
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
Since the pandemic started, stability has been lacking in the labor market. The outlook for 2024 looks much more normal.
4 minutes
Ah, the holiday season. We decided to spark some holiday cheer by finding the most festive charts we could.
2 minutes
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
The outlook for the Eurozone is not looking positive for 2024, especially if the European Central Bank continues on its current path.
5 minutes
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
Rapidly rising interest rates didn't create the big economic downturn that many forecasters predicted. How did the economy avoid a recession?
4 minutes
BoE officials have made it clear that they are now willing to sacrifice the labor market to bring down inflation, but the official numbers are unreliable.
5 minutes
A century ago, John Maynard Keynes envisioned a future world where a 15-hour work week was the norm. Was he really so far off the mark?
4 minutes
U.S. GDP growth was a startlingly strong 4.9% in Q3, driven by consumer spending. This level of growth is very far from recession territory.
4 minutes
Recently Federal Reserve data reveals that Americans are wealthier than ever. Net worth, adjusted for inflation, surged during the pandemic.
4 minutes
The risks to quantitative easing are benign during anemic recoveries. In this period of high inflation, it could results in bad losses.
5 minutes
Corporate greed has been wrongly blamed for this bout of inflation. Greedflation isn't the problem. Excess growth and labor shortages are.
5 minutes
Inflation has subsided, while the economy has been surprisingly strong. A soft landing looks likely, but there are still some risks.
5 minutes
The story of the United Kingdom's economy lately has been one of disaster, but recent revisions may have changed the narrative.
4 minutes
High frequency indicators allow economists to gauge economic performance in real-time and they are pointing at a German contraction.
5 minutes
The dysfunctional housing market in the United Kingdom prevents workers from moving to highly productive cities, leading to underperformance.
4 minutes
After years of stagnation following the Eurozone crisis, Southern Europe has turned the tables and is now outperforming the rest of the Eurozone.
4 minutes
Advanced economies are experiencing very tight labor markets. This worker shortage has implications for hiring. Recruiters are increasingly poaching employees rather than recruiting from a shrinking pool of unemployed, which has implications for monetary policy.
8 minutes
Taylor Swift's Eras Tour has become the event of the summer, with some claiming it has saved the economy. Can popstars prevent recessions?
4 minutes
The German economy is once again underperforming, experiencing a technical recession earlier this year. But why is the country sick again?
6 minutes
Germany was dubbed “the sick man of Europe” in the early 2000s. Labor market reforms paired with favorable macroeconomic conditions cured the economic malaise.
4 minutes
Japan's dismal demographic outlook has caused an interesting phenomenon: low unemployment paired with negative GDP growth. These "full employment recessions" are becoming more common in Europe.
4 minutes
The Canadian labor market came back roaring in June, adding an impressive 60,000 net new jobs.
3 minutes
After ten consecutive increases, the Federal Reserve paused its rate hike cycle on Wednesday, easing recession fears.
3 minutes
The Canadian labor market is showing signs of trouble. In May, employment dropped, and Gen Z students are partially to blame.
2 minutes
Maybe the U.S. job market’s hot streak isn’t slowing after all! The labor market defied expectations once again, adding 339,000 jobs in May.
4 minutes
Germany is officially in a recession. Though there are declines in several industries, weak government spending is the largest drain.
5 minutes
Political polarization is hurting the U.S. economy. The debt ceiling standoff is just the latest – and most dangerous – example.
4 minutes
The recession that was revised away: new economic projections from the BoE no longer show an upcoming downturn in the United Kingdom.
3 minutes

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