Blog

The labor market added 336,000 jobs in September, almost DOUBLE predictions - making it the most significant job growth month since January 2023. The labor market remains resilient, with the strong pace of hiring keeping the unemployment rate from rising.

Employee recognition and rewards programs play a vital role in influencing the perceptions, attitudes and actions of employees. They are critical in creating a sense of belonging, motivating exceptional performance and enabling managers and peers to celebrate achievement, milestones and success.

In our latest eBook, How Will AI Transform Recruiting, we provide brief overviews of how AI-enabled tools and platforms can assist in writing job descriptions, sourcing and screening candidates, engaging candidates throughout the hiring process, facilitating interviews and improving onboarding experiences. Our objective is to provide HR and recruitment leaders who have yet to deploy these technologies with a guide to getting started with their journey. The question isn’t whether AI will transform recruiting or even when it will happen; it’s already underway.

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.