Immigration Unexpectedly Thwarts the Population Time Bomb

Advanced economies are facing shrinking workforces. But the recent immigration surge is now throwing off some older population forecasts.

News

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.

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.

#US

What You’ll Find: Economic trends and conditions in the United States, how these affect the labor market, and main takeaways from important US data releases.

All #US Stories

The U.S. labor market continues to defy gravity: with 275,000 net new jobs in February (beating expectations once again) job growth doesn’t appear to be “landing” at all.
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After decades of stalling wage gains for the lowest earners, the U.S. is experiencing a dramatic wage compression.
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Despite the robust job market, recent college graduates face greater challenges in securing employment than the rest of the population.
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Pinpointing a national downturn is difficult enough, but knowing whether a state is in a recession or not is even more tricky.
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The jobs market added a surprisingly strong 353,000 net new jobs in January, while the unemployment rate remained low at 3.7%.
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Data revisions have subtracted more than 400,000 jobs throughout 2023, something that Fed policymakers should keep an eye on.
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OECD countries have seen a surge in migration recently. In the future, expect permanently higher migration flows due to new factors at work.
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Since the pandemic started, stability has been lacking in the labor market. The outlook for 2024 looks much more normal.
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The American jobs market once again saw impressive gains in November, as shown in a jobs report that supported the soft landing narrative.
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Recent developments have contributed to impressive labor force outcomes for disabled workers, but are they permanent or transient solutions?
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Employees desire meaningful work, but not every worker finds purpose within their professions. What can employers do to help curate purpose?
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Rapidly rising interest rates didn't create the big economic downturn that many forecasters predicted. How did the economy avoid a recession?
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Many assume young workers are driving the push towards remote work, but age alone does not determine whether one is working onsite or not.
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The strikes in the auto industry impacted job growth this month, as the labor market added 150,000 jobs and the unemployment rate ticked up to 3.9%.
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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?
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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.
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Recently Federal Reserve data reveals that Americans are wealthier than ever. Net worth, adjusted for inflation, surged during the pandemic.
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The U.S. economy added 336,000 net new jobs in September, proving that the labor market remains strong despite recession fears.
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Time has run out on the pandemic-era child care funding program. That presents a challenge to working parents and child care providers across the country.
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Corporate greed has been wrongly blamed for this bout of inflation. Greedflation isn't the problem. Excess growth and labor shortages are.
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Is this the moment of resurgence for cities and states in the Rust Belt that suffered in recent decades due to the "China Shock"?
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Inflation has subsided, while the economy has been surprisingly strong. A soft landing looks likely, but there are still some risks.
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Organized labor has been the hottest trend lately, earning the name "hot labor summer." But this era of labor activity is far from over.
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The U.S. labor market is clearly cooling. In August, the economy added 187,000 net new jobs and the gains in June and July were revised down.
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America’s history is rooted in an open immigration policy – and owes much of its economic success to it.
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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.
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The U.S. labor market added a moderate 187,000 net new jobs in July and the unemployment rate ticked down to 3.5%.
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American college students have shared which employers they want to work for. Discover the most popular employment destinations today!
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The U.S. labor market is slowing, gradually. In June, the US economy added 209,000 jobs and the unemployment rate ticked down to 3.6%.
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The global manufacturing industry is being hurt by a shift in consumer preferences, especially in Europe.
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The Federal Reserve's tightening cycle posed a threat to the manufacturing and construction sectors, but the industries have remained strong.
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After ten consecutive increases, the Federal Reserve paused its rate hike cycle on Wednesday, easing recession fears.
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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.
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Political polarization is hurting the U.S. economy. The debt ceiling standoff is just the latest – and most dangerous – example.
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Employment growth in the food services and healthcare sectors has remained strong, which could help the labor market withstand a recession.
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Recent cooling in the economy has contributed to softer price increases in the headline numbers, but inflation remains fairly stubborn.
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The jobs market remains strong! In April, payroll employment rose by 253,000 and the unemployment rate fell to a half-century low of 3.4%.
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A tight labor market continues to deliver steady income growth, even in the face of entrenched inflation; that income growth is powering consumer spending, and that spending is holding up an otherwise lackluster economy.
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Weekly initial unemployment claims rose slightly, but remain low and relatively flat. The labor market is cooling, but remains resilient.
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Inflation is cooling overall, but housing inflation remains stubbornly high. This neutral report underscores the pressure still on the Fed.
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Since 2020, recruiting has been difficult. In 2023, recruitment pressures have eased, reducing cost-per-application and cost-per-click.
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The U.S. added 236,000 jobs in March and the unemployment rate ticked down to 3.5%, signs of a strong but cooling labor market. This is what the Fed wants to see to justify the ending its cycle of rate hikes.
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The natural rate of unemployment is a key economic variable used by the Federal Reserve to assess the stance of monetary policy and economic growth, but it was overestimated for years.
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Though a majority of economists expect a recession in 2023, some still believe in a soft landing scenario. Here's Recruitonomics' case for no recession.
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A majority of economists believe a recession is likely in 2023, but they may not have enough faith in the Fed's inflation-fighting abilities.
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As the Fed tried to balance inflationary and financial pressures, its latest hike appeared almost dovish compared to past decisions.
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Though union membership rates decreased last year, labor actions notably increased. What empowered workers in 2022?
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The post-pandemic labor market has been extremely tight with many vacancies left unfilled.
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Silicon Valley Bank’s failure from a lightning-quick bank run on March 10, the second largest in US history, has spooked financial markets.
In February, the U.S. economy added 311,000 jobs, exceeding market expectations. Job gains and the labor market overall remain very strong.
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