Blog

U.S. Economy Displayed Resilience in November.

The November jobs report revealed robust hiring, with the economy adding 227,000 jobs, significantly higher than October’s revised total of 36,000. This sharp increase surpassed expectations and highlighted strong growth in sectors such as healthcare and leisure, demonstrating a rebound in economic activity.

Job Growth for October, LOWEST Since December 2020.

Last Friday’s BLS report saw a significant drop in job creation across the U.S., with 12,000 jobs being added, the lowest since December 2020! While the unemployment rate held steady at 4.1%, this stability misrepresented underlying shifts in the labor force and time will tell if this is a true stabilization.

Job Growth Surges in September, Signaling Economic Resilience.

The September jobs report paints a picture of a labor market that is not only resilient but also surprisingly strong. This positive news, coupled with upward revisions for previous months and a continued upward trend in average hourly earnings, offers a reassuring signal about the underlying strength of the U.S. economy. However, the slight decrease in the average workweek serves as a reminder that some uncertainty persists, and the Federal Reserve will need to carefully weigh all available indicators when making decisions about future monetary policy actions.

Artificial Intelligence (AI) is transforming how organizations deliver products and services, manage customer experiences and orchestrate operations.

Early versions (1990s) of AI in applicant tracking systems (ATS) were used in keyword matching to help recruiters sift through large volumes of applications. As computational processing power improved exponentially one decade later, machine learning algorithms and natural language processing led to predictive analytics for candidate assessment and sentiment analysis, enabling recruiters to gain deeper insights into candidates’ personalities and cultural fits.