ThinkWhy has prepared this outlook to help you improve your planning, reduce risk and drive smarter growth in 2020 and beyond.
Questions surrounding the labor market for 2020:- What is the anticipated job growth for my industry and how will it impact my hiring strategies?
- How will changes in labor supply and demand for my industry impact my local market and business?
- Will there be a recession or mild slowdown?
- Which industries are forecasted to have the strongest performance in 2020 and beyond?
The Labor Market Outlook report focuses on the state of the U.S. economy and drivers that may affect your business strategies.
This 15-page in-depth analysis from ThinkWhy's expert analysts and economists is the definitive source for human resource professionals, hiring managers, business leaders and economic developers to gain insight on:
- Drivers of Job and GDP growth
- The impact of consumer sentiment and personal consumption expenditures
- Labor force participation rates and wage growth performance
- Talent supply and demand drivers
- What's ahead for the U.S. labor market and why it matters to your business
With the unemployment rate at an almost 50-year low, there could be impact on industry wage growth over the next five years. There are a few scenarios to consider as you plan and budget for 2020, including how salary increases compare to industry averages and the rate of payroll growth.