All #News Stories

The same tight labor market that has plagued recruiters in the past couple years has brought job seekers back into the fold, softening recruiting costs.

The U.S. economy added an astonishing 517,000 net new jobs in January; last month's jobs report was almost too good to be true.

The Bank of England's new economic projections show much less pessimism about the labor market and economic growth in the short term.

Wage growth slowed in the fourth quarter of 2022, encouraging news for Federal Reserve officials worried about too strong growth.

Inflation may be turning a corner but there are still some threats that could run it off the road, some of which are still unknown.

While a U.K. recession is highly likely, there is a lot of uncertainty on how deep and prolonged the economic downturn will be.

Even though the British economy is in a downturn, the labor market might hold up better this time than during the typical recession, especially since there is still a shortage of blue-collar jobs due to Brexit.

In the past two years, wage growth has been dramatic for low-wage workers, reducing inequality. Can this trend continue into 2023? 

Today's inflation will determine tomorrow's labor market. What does the latest CPI report mean for 2023's economy?

Demand in the manufacturing sector has withstood the Federal Reserve's combative monetary policy. Because of consumer spending and new investments, employment growth in the sector has been better than ever.

The U.S. job market ended 2022 with better-than-expected job growth, a 50-year low in the unemployment rate, and encouraging wage growth trends for the Fed’s fight against inflation

The labor market cannot be defined singularly – instead, it is a collection of industries and locations that have unique reasons and demands for workers. These micro-markets are where the real changes in supply and demand occur.

For recruiters, 2022 has been a confusing years. What economic trends contributed to the difficult recruitment landscape this year?

This year, inflation may be a hot topic around the holiday table. Here’s what you need to know to engage meaningfully in these discussions.

The Accommodation and Food Services sector added 78,000 new jobs last month. Strong consumer demand for services continues to bolster labor demand in the industry.

Retail sales fell by 0.6% in November, suggesting the season of giving is turning into the season of cutting back.

The pace of price increases slowed in November, but Federal Reserve officials remain on edge, delivering pessimistic projections.

Big tech companies have announced historic layoffs in the past month, but recent data proves that they are not the whole industry.

The U.S. job market may be too strong, despite headlines of tech layoffs and fears of recession. Employment gains exceeded expectations in November, while wage growth was super strong.

Job openings fell in October, continuing to suggest cooling in the labor market. However, both openings and quits remain historically elevated.

Warehousing suffered in October, reflecting the shifting preferences of consumers towards services and away from goods. The sector lost 20,000 jobs, its worst month since April 2020.

A survey of worker power in three large economies shows that benefits of the tight labor market are not equivalent.

Recently, major tech companies have engaged in devastating layoffs. But, the tech sector is still adding jobs and jobless claims remain low.

Pay transparency laws are sweeping the nation and changing the world of recruiting. How do these shifting norms impacts recruiters?

Inflation, even the less volatile core measure, cooled in October, which is encouraging news for both the Federal Reserve and consumers.

In October, 261,000 net new jobs were created – but the unemployment rate increased to 3.7% from 3.5 (which was a 50-year low).

The Federal Reserve is working hard to slow the economy, but consistent rate hikes have yet to curb inflation.

Job openings jumped in September after a dramatic decrease the month before. But wider turnover trends hint at a slowly cooling labor market.

Our understanding of the economy is potentially at an inflection point. New data will give insights on the underlying calm of current chaos.

Early estimates of Q3 GDP show a rebound in growth, despite interest rate increases deterring housing market investment.

Healthcare openings are declining, but recruiting costs remain stubbornly high.

Construction employment trends in September showed strength despite economic confusion. Download the sector's Labor Market Snapshot for more!

Discouraged by the state of recruiting in an overheated market, employers are hoarding labor as uncertainty mounts.

Labor force participation still lags behind its pre-pandemic level, but some age groups are faring better than others.

Rising core and services prices in September remind us that inflation will not go gentle into that good night.

Recent turnover and wage trends for restaurant workers hint at more substantial changes across the labor market.

The U.S. economy is facing three important shifts, but the labor market remains resilient, adding 263k jobs in September.

What would a potential recession look like in this period of high inflation and high labor demand? Looking back to 1973 may hold some clues.

In August, job openings fell dramatically. The tight labor market of the last two years may finally be cooling off without layoffs increasing.

It’s been a turbulent week for the United Kingdom. Puzzling financial policy and political drama latched onto an ongoing energy crisis and a tight labour market, triggering volatility not seen in at least 20 years. 

Retailers face uncertainty heading into the holiday season. Several factors will impact their seasonal hiring goals this year.

The Fed's updated economic projections for 2023 and beyond featured slower growth and higher unemployment, but is this outlook a guarantee?

New projections from the Federal Reserve show increased unemployment and decreased growth will be necessary to bring down inflation. 

Seasonal hiring is officially upon us, but the competition for seasonal workers may be decreased this year.

Canada is facing economic challenges similar to its southern neighbour’s: tight labour market conditions and decades-high inflation.

In August, prices were up 8.3% from the year before, and less volatile core measures remained stubbornly high.

Our new Labor Market Snapshots will help recruiters understand the economic forces shaping their recruitment challenges.

The sector’s employment gains have plateaued after two years of impressive, pandemic-driven growth. Why has the boom petered out?

Moderating wage gains, an increased labor force participation rate, and steady employment gains make for an encouraging August jobs report.

Harry Styles may not be a typical worker but he has one important thing in common with workers across the United States: they’re both in high demand and likely to give up the commute.