Posted by Melissa Meunier on Fri, September 8, 2023

The labor market still looks strong and not recessionary but continues to cool. The unemployment rate increased as hundreds of thousands of new and previously discouraged workers joined the labor market seeking new employment opportunities. The pressure to raise wages diminished in August due to increased job seekers and decreased open jobs. Supply and demand appear more balanced as the pandemic’s hardest-hit sectors continue to make gains and we approach full employment.

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Posted by Cathleen Urdi on Thu, August 31, 2023

Over the past four years, Engage2Excel has been conducting the Job Seeker Survey Report, which analyzes the perceptions and preferences of active and passive candidates across all major industries. With our data collection, we divided the report into two eBooks, one focusing on Recruitment and the other on Recognition.

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Posted by Cathleen Urdi on Thu, August 24, 2023

Recognition programs have numerous benefits for an organization, like fostering a positive working environment, boosting morale and improving overall productivity. According to our 2023 Job Seeker Survey – Recognition Edition, 18% of people seek employment elsewhere due to a lack of Recognition, Appreciation and Respect.

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Posted by Melissa Meunier on Thu, August 10, 2023

The U.S. economy added 187,000 jobs in July, below expectations but a slight gain from the downwardly revised June number of +185,000. The labor market continues to cool but remains strong, with more job opportunities than candidates looking for work. With a strong labor market, stable unemployment, and wage gains outpacing inflation, many economists now think the U.S. may see a soft landing and avoid the recession that has been looming for more than a year. The market remains resilient against challenges, including 11 Federal Reserve interest rate hikes to reduce inflation.

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