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The U.S. economy added a far-better-than-expected 272,000 jobs in May, while the unemployment rate edged up to 4%, its highest level in more than two years. The labor market remains strong, with good news in terms of growth and participation. It continues to fuel the economy and support workers. At the same time, the report has some concerning, underlying numbers to watch, such as the unemployment rate, wage growth, part-time employment rate and the number of discouraged workers leaving the workforce.

When done right, employee recognition programs can increase job satisfaction and engagement, and positively impact employee retention. However, when organizations build programs without understanding the impact of those programs, the efforts may not pay off. That’s why we’ve asked the questions in our latest eBook – The 2024 Recognition Survey Report. The survey is an extension of our 2024 Job Seeker Survey Report and digs into the recognition experience to reveal employee engagement, performance and retention insights that can enhance your organization’s recognition strategies and programs.

This post is the first of three Employee-Centric Manager (ECM) posts that our guest contributor, Leslie Minchin, VP of Transformation and Enablement at Engage2Excel, will share. Leslie’s 20 years of Talent Acquisition experience, as well as being a Project Manager Professional and a Certified Executive Coach, gives you someone who understands today's leadership challenges and has worked through them and developed best practices to overcome them. She is passionate about manager development and works closely with Dr. Jack Wiley to facilitate his Employee-Centric Manager training for our clients. Leslie is excited to write about the ECM program, its results, and its effect on the people who participate in the training.

Have you ever thought, “Why are so many people leaving this company?”

April Jobs Market: Hiring Remains Firm with Signs of Slowing.

The increase in average hourly earnings is below estimates and is a promising sign for inflation. A softer than expected U.S. jobs report fueled hopes that the Federal Reserve could start cutting rates soon. Some economists predict a decrease as early as July or September.