The resilient labor market shows healthy job growth, lower unemployment and some wage growth. In November, the labor market added 199,000 jobs, higher than the Dow Jones estimate and ahead of October gains. The unemployment rate unexpectedly fell in November to 3.7% as the labor force participation rate increased to 62.8%. Average hourly earnings rose by 0.4%, up 4% from a year ago.
Read More
Changes in today’s workforce attitudes require a reassessment of strategies for engaging employees and candidates. In our latest eBook, Building an Employee-Centric Brand, we present a guide for organizations that are either reevaluating or just getting started on building branding programs to create closer connections with candidates and employees in today’s challenging talent marketplace.
Read More
During the season of thankfulness, it is important that we stop and reflect. In today's fast-paced business world, fostering a culture of gratitude is essential for creating a thriving workplace. Companies prioritizing employee satisfaction and expressing appreciation tend to experience higher productivity, lower turnover and a more positive work environment.
The labor market added 150,000 jobs in October, below the 170,000 estimate and well below the 12-month average of 258,000 jobs added. In addition, the unemployment rate ticked up to 3.9%. It is still historically low but the highest since January 2022. The market is still showing solid jobs growth, but the October report clarifies that the market is cooling.
Read More