All #Recruiting Stories

Employers are still desperate for workers. Layoffs are rare, despite anecdotes to the contrary. Quitting remained elevated, but the “Great Resignation” isn’t getting worse (for now).

How does economic growth happen? It’s a hard question to answer but economists have tried for centuries. Perhaps the most famous model came from MIT economist Robert Solow in 1956. The Solow growth model specifies three factors that fuel growth: productivity, capital, and labor. 

Despite ongoing conflict in Europe and the highest inflationary period since the early 1980’s, the US labor market continues to grow briskly.

Prices are rising – fast. After nearly three decades of stable prices, the US economy is experiencing a surge of inflation.

It’s an emergency not just for the housing market but for the job market too.

Welcome to Recruitonomics, a destination for data-driven insights to make sense of an evolving world of work.

Recruiting became less expensive in Q1 2022, despite it being a workers’ market.

In the period after a peak Omicron surge and before war broke out in Eastern Europe, the US labor market recovery accelerated, as hiring ramped up and more people returned to the labor force.

The COVID recession that began in 2020 and the subsequent recovery through 2021 has been unlike anything in U.S. economic history.

The U.S. economy added a shocking 467,000 net new jobs in January 2022, far above expectations, despite the surge of Omicron cases that saw 15 million people get COVID last month.

Workers who want a job are getting them, but employer demand is slowing a bit from the frenetic pace of job gains earlier in 2021.

The U.S. created 531,000 net new jobs, and previous months’ numbers were revised upward.