Demand for workers is about 60% above its pre-COVID level. The paradox is that while the U.K. labour market is extremely ‘tight’ – a good thing for workers – those same workers are suffering from a cost of living crisis.
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.
It’s Teacher Appreciation Week, but some educators aren’t feeling so appreciated.
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.
Since the rise of the COVID-19 pandemic in 2020, it has been estimated that 50% of paid hours were done remotely, compared to just 5% pre-pandemic.
After the initial COVID shock to the US economy, the bounceback in job growth has been remarkable. There remains an unsatiated appetite to hire by US employers.
