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The 187,000 jobs added by employers in July signal that businesses remain confident in adding new positions in addition to backfilling open roles. July’s job gains bring the 2023 total to 1.8 million through the first seven months of the year. Job gains have certainly begun to normalize, and July’s total is just below the […]
Written by Mallory Vachon, PhD on August 4, 2023
The economy added a solid 209,000 jobs in June, just below economists’ expectations of 225,000. June’s number signals a labor market that remains strong while cooling from the hottest labor market on record in 2022. The 209,000 jobs added by employers in June signal that businesses remain confident in adding new positions in addition to […]
Written by Mallory Vachon, PhD on July 7, 2023
If you are a hiring manager searching for employees, you’re already aware of the challenges to secure top talent. It’s a candidate’s market in many ways, especially for those occupations with already-low unemployment. It can be frustrating to invest time and effort to source and interview an excellent job candidate, only to have the candidate […]
Written by Rosie Greaves, LaborIQ Staff Writer on June 20, 2023
This Baby Boomer grew up at a time when men worked in an office for at least eight hours a day; sometimes seven days a week. Later, women joined the in-office workforce while bearing the bulk of the housework and child-rearing responsibilities. Working remotely was not on any company’s planning board. Then the Pandemic hit […]
Written by Ron Johnsey on June 19, 2023
The economy added a very robust 339,000 jobs in May, smashing economists’ expectations of around 190,000. Job gains have beat expectations 14 of 17 months going back to January 2022. The 339,000 jobs added by employers in May signal that businesses remain confident in adding new positions in addition to backfilling open roles. May’s job […]
Written by Mallory Vachon, PhD on June 2, 2023
If you’re struggling to hire an administrative assistant, it may be as comforting as it is concerning that you’re not alone. Typically, administrative assistants perform various organizational and clerical tasks to support their coworkers and company operations. From managing documents to helping to build relationships with clientele, there are several reasons why administrative assistants remain […]
Written by Rosie Greaves, LaborIQ Staff Writer on March 22, 2023
The unemployment rate is a widely-used indicator of the labor market’s health, and as such, it can significantly impact an employer’s hiring process. For example, low unemployment rates usually make it more difficult for employers to find qualified candidates to fill their open positions. On the other hand, when unemployment rates are high, employers may […]
Written by Rosie Greaves, LaborIQ Staff Writer on March 20, 2023
The economy added a solid 311,000 jobs in February, well-above economists’ expectations of 205,000. February’s job gains are another sign the labor market is hotter than many expected going into 2023 and that January was not an anomaly. For those hoping the Federal Reserve slows the pace of interest rate hikes, February’s report is […]
Written by Mallory Vachon, PhD on March 10, 2023
Before discussing how the job market will fare in 2023, it’s essential to acknowledge a few contributing factors – like inflation. Despite rising inflation during the middle of 2022 (at highs of 9.1% in June), current projections suggest we might be over the peak of this trend. In response to inflation, some companies conducted […]
Written by Rosie Greaves, LaborIQ Staff Writer on February 22, 2023
If you’ve kept an eye on the latest hiring trends, you might already know the labor market is nearing an inflection point. As layoffs increase, new talent will become available, and the rate of hiring and voluntary resignations will moderate. But, unfortunately, this means pay rates will also change in response to the climate. 2023 […]
Written by Rosie Greaves, LaborIQ Staff Writer on February 9, 2023
