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.

#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 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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In 2022, the labor market was unpredictable. The labor market rebalance in 2023 will see a return to center for "out of whack" industries.
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The Personal Consumption Expenditures price index came in hotter than expected in January, suggesting inflation will be hard to shake in 2023.
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At the onset of the pandemic, females in the workforce suffered. From February to April 2020, prime-age labor force participation among women plummeted 3.5 percentage points, from 77% to 73.5%.
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Tuesday's report was a reminder of two key things: inflation is not a single number, and never decide too much from a month’s worth of data.
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There is a confounding disconnect between soft and hard data in the US. Gloomy consumers and businesses created a "vibecession" last year, even though the hard data was strong.
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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.
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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.
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Wage growth slowed in the fourth quarter of 2022, encouraging news for Federal Reserve officials worried about too strong growth.
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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.
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In the past two years, wage growth has been dramatic for low-wage workers, reducing inequality. Can this trend continue into 2023? 
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Today's inflation will determine tomorrow's labor market. What does the latest CPI report mean for 2023's economy?
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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.
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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
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For recruiters, 2022 has been a confusing years. What economic trends contributed to the difficult recruitment landscape this year?
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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.
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Retail sales fell by 0.6% in November, suggesting the season of giving is turning into the season of cutting back.
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The pace of price increases slowed in November, but Federal Reserve officials remain on edge, delivering pessimistic projections.
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Big tech companies have announced historic layoffs in the past month, but recent data proves that they are not the whole industry.
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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.
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Job openings fell in October, continuing to suggest cooling in the labor market. However, both openings and quits remain historically elevated.
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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.
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Recently, major tech companies have engaged in devastating layoffs. But, the tech sector is still adding jobs and jobless claims remain low.
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Pay transparency laws are sweeping the nation and changing the world of recruiting. How do these shifting norms impacts recruiters?
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Inflation, even the less volatile core measure, cooled in October, which is encouraging news for both the Federal Reserve and consumers.
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The elevated quits rate in retail allows employers to naturally decrease the size of their workforces just by cutting back on hiring.
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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).
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