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This week, we are breaking down the latest “First Friday” jobs report. I’m writing from Telluride, Colorado in the Rocky Mountains, and the stunning scenery could not provide a greater contrast to this not-so-pretty labor market update. ️ Downtown Telluride by me For months, I have been writing that the jobs report didn’t match what […]
Written by Mallory Vachon, PhD on August 2, 2024
Why Candidates Still Struggle to Find Good Jobs Recent economic reports have been filled with contradictory signals. While negative headlines suggest economic turmoil is just around the corner (predictions that have lasted more than 18 months now), the headline numbers in labor reports have been consistently strong. We continue to see job gains that meet […]
Written by LaborIQ Staff Writer on July 24, 2024
This week, we are breaking down the latest “First Friday” jobs report. June’s hiring totals did not smash expectations. With a respectable 206,000 new jobs added, hiring met expectations for the first time in months. Once again, job gains were concentrated to a few industries, which indicates that private-sector hiring is slowing. The unemployment rate […]
Written by Mallory Vachon, PhD on July 9, 2024
Navigating the complexities of establishing pay bands can be overwhelming, especially if you’re just starting out. The are many factors involved, but it doesn’t have to be difficult. Starting simple is key especially for those HR teams that are building formal pay bands or establishing structures for the first time. The best way to […]
Written by Mallory Vachon, PhD on June 26, 2024
This week, we are breaking down the latest “First Friday” jobs report. Hiring smashed expectations in May, with U.S. businesses adding 272,000 new jobs. The unemployment rate ticked up to 4%, marking the first time we’ve hit that symbolic level since January 2022. Average hourly earnings also increased by more than expected. Wages grew by […]
Written by Mallory Vachon, PhD on June 7, 2024
This week, we are breaking down the latest “First Friday” jobs report. U.S. businesses added 175,000 new jobs in April – below expectations for the first time in what feels like forever. But April’s total is still robust by historical standards. The unemployment rate ticked up to 3.9%, which means the labor market is still […]
Written by Mallory Vachon, PhD on May 6, 2024
This week, we are looking back at the labor market performance through the first quarter of 2024. We’ll dig into how actual labor market performance has compared to forecasts. U.S. employers added 303,000 jobs in March, capping off an impressive stretch where hiring has surpassed expectations. How has 2024 labor market performance held up to […]
Written by Mallory Vachon, PhD on April 24, 2024
If you don’t have an established comp strategy, or are concerned yours has some room for improvement, don’t worry. This article, and our series on building a compensation strategy, offer insights for small- and medium-sized businesses and HR leaders. If you’re just getting started, or maybe you’re a small team with little bandwidth to implement, […]
Written by LaborIQ on March 28, 2024
This week, we are digging into what makes a good (and not so good) job description. Job descriptions are often the first impression potential new hire has of your company. A poorly written job description can be a turn off for candidates, something most businesses can’t afford in one of the most competitive hiring markets […]
Written by Mallory Vachon, PhD on February 19, 2024
This week, we are digging into LinkedIn’s Jobs on the Rise list. The list includes the 25 fastest-growing jobs in the U.S. over the past five years. This shouldn’t come as a surprise, but many of the jobs on LinkedIn’s list – like Nurse Practitioner, Recruiter and Revenue Operations Director – are among the most […]
Written by Mallory Vachon, PhD on January 26, 2024
