February marked the 39th straight month of job growth, reflecting an exceptionally strong recovery from the widespread job losses during the pandemic. Unemployment rose to 3.9%, a two-year high, but remained under 4% for the 25th consecutive month. This is the longest stretch of unemployment below 4% since the 1960s. While we have a strong labor market, fears that it was getting too hot again were somewhat allayed this month with the rise in unemployment, the revision of the January and December job numbers, and a weak rise in wages.
Read MoreIn today’s dynamic modern workplace, one concept stands out as a foundation for organizational success: employee engagement. Beyond just a buzzword, employee engagement holds the key to unlocking productivity, fostering innovation and cultivating a thriving company culture.
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The U.S. labor market started 2024 with the strongest jobs report in recent history by adding 353,000 jobs in January, far above the Dow Jones estimate of 185,000. In addition, November and December job gains were revised, adding a combined 126,000 more jobs to the 2023 year-end total. Job growth was widespread across sectors in January (e.g., health care, retail trade, government, social assistance, and manufacturing), showing a healthy market on solid ground. The unemployment rate remained at 3.7% for the 3rd consecutive month and under 4% for the 24th consecutive month.
Read MoreIn today's changing business environment, upskilling employees has become essential to meet market demands and create a more agile workforce. Upskilling provides training and development opportunities to expand an employee's abilities and existing skill set.
These additional skills can enhance employee performance in their current role and help advance them in their career journey.
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