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Rising inflation is something we’ve seen in the news a lot recently- and with good reason. For the uninitiated, inflation refers to the rate at which the average price of goods and services rises. So, needless to say, it significantly impacts the job market. How Does Inflation Impact the Job Market? A Bit of Background […]
Written by Rosie Greaves, LaborIQ Staff Writer on March 8, 2023
The last few years have been pretty turbulent for the labor market. From the great resignation resulting in significant skills shortages, to record low unemployment rates, to our first glimpses of post-pandemic life, so much has happened that we’re waiting with bated breath for what 2023 has in store. Challenges Facing The 2023 Labor Market […]
Written by Rosie Greaves, LaborIQ Staff Writer on March 6, 2023
The economy added an unexpected 517,000 jobs in January, completely smashing economists’ expectations of 187,000. January’s job gains are puzzling given the headlines and expectations of a slowdown in hiring. Not only is this well-above recent months’ job gains, but it’s the highest since July 2022. Those hoping this report would be evidence for the […]
Written by Mallory Vachon, PhD on February 3, 2023
A recent article by Korn Ferry, a global consulting organization, suggests a significant drop in remote work opportunities, reporting just one in seven job postings offering remote work. According to a Korn Ferry vice president, this decline is due to growing concerns companies have over losing their office culture and drops in productivity due to work-from-home […]
Written by Rosie Greaves, LaborIQ Staff Writer on January 31, 2023
The economy added a solid 223,000 jobs in December, just above economists’ expectations of around 200,000. The labor market continues to add jobs at a very robust pace. Perhaps the best news in this report for businesses is that 12-month wage growth slowed to 4.6%, a sign that the Federal Reserve’s interest rate hikes may […]
Written by Mallory Vachon, PhD on January 6, 2023
The economy added a solid 263,000 jobs in November, above economists’ expectations of around 200,000. The labor market continues to add jobs at a very robust pace. And, despite expectations of a slowdown and overall uncertainty in the broader economy, it looks like we’ll be waiting until 2023 for signs that the labor market is […]
Written by Mallory Vachon, PhD on December 2, 2022
Departments that don’t generate revenue for a business are regarded as cost centers. Typical departments tend to be administrative and support services, of which recruitment is one. However, looking at HR departments this way can be dangerously short-sighted in a landscape where businesses continue to face hiring challenges. In 2022, more than 90% of business […]
Written by Sample HubSpot User on November 23, 2022
The economy added a solid 261,000 jobs in October, well-above economists’ expectations of 190,000. The labor market keeps rolling despite the general sentiment and overall uncertainty. This does not look like a labor market entering a recession. While things have cooled from big gains earlier this year, October’s net job gains are still above the […]
Written by Mallory Vachon, PhD on November 4, 2022
Let’s talk about inflation. In the U.S., it’s seen a mostly steady climb since January 2020, when it sat at 2.5. Then while it dipped in May 2020 to 0.1%, it rose to a 9.1% high in June 2022. That’s the highest rate since 1981. Since then, it’s fallen to 8.5%, but this figure is […]
Written by Rosie Greaves, LaborIQ Staff Writer on September 19, 2022
The labor movement in the late 19th century led to the much-celebrated Labor Day, marked on Monday, September 5. This became a federal holiday in 1894 and is often commemorated with community celebrations and parades. Behind the celebratory air, however, there are other aspects to Labor Day – one of which is that for many workers, […]
Written by Rosie Greaves, LaborIQ Staff Writer on September 12, 2022
