Labor Market Rebounds in March with Strong Job Gains
The U.S. labor market bounced back in March, delivering stronger-than-expected job growth across several key sectors, even as signs of economic stress began to emerge due to aggressive trade and fiscal policy shifts.
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Most hiring managers aren’t experts in hiring, and that’s okay. But it does lead to some common challenges. As our Helping Hiring Managers Succeed report outlines, they often have unrealistic expectations and focus more on what they think they need rather than on what’s truly best for their team. Plus, managers are often stretched too thin or don’t have the relationship skills required to create great experiences for candidates and new hires.
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Employee engagement is critical in achieving positive organizational outcomes, such as higher retention rates, greater customer satisfaction and improved financial performance. The Employee Engagement Index (EEI) Survey, developed by Dr. Jack Wiley of Engage2Excel, has been tracking these trends since 2016. The latest survey results from Q4 2024 reveal a significant rebound in employee engagement, providing encouraging news for business leaders.
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February had Solid Gains Amid Economic Uncertainty.
The February labor market report signals a cooling job market amid federal layoffs, policy uncertainty and shifting economic conditions. While job gains remained positive, they were below economist expectations. The unemployment rate ticked up to 4.1%, driven by government job cuts, trade concerns and shifting employer hiring strategies. The labor market remains stable but under pressure, with future growth uncertain due to evolving economic policies.
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