Brian Wendt’s Post

In our September Labor Market Insights Report: Employment gains rebounded in August after a weak July, but they remained lower than the pace seen earlier in the year. What does this, and other updates mean for #workerscomp? Read the full report to learn more: https://lnkd.in/eaJWtjvy

#ICYMI: In our September Labor Market Insights Report: Employment gains rebounded in August after a weak July, but they remained lower than the pace seen earlier in the year. What does this, and other updates mean for #workerscomp? Read the full report to learn more: https://lnkd.in/eaJWtjvy

What fun talking Friday to Sabri Ben-Achour at Marketplace on the jobs numbers. Key point: given all the BLS corrections over the past two months, uncertain immigration data, it’s impossible to draw conclusions about what the economy is actually doing or how Fed will proceed if the data that drive it are data that matter. #jobsreport #Economy #jobsgrowth #wagegrowth

The U.S. Labor Market Post-Covid: What’s Changed, and What Hasn’t? —louise sheiner, David Wessel, and Elijah Asdourian at The Brookings Institution outline lessons policymakers should take from this unusual period. • What caused inflation to spike in the wake of the pandemic and then to subside without an increase in unemployment? • What lasting impact, if any, will the pandemic have on U.S. labor markets? • How sustained will the work from home trend be? See the report and full summary here: https://lnkd.in/gEcTCgmu

The U.S. Labor Department's recent revision reveals that the economy added 818,000 fewer jobs than previously reported over the past year- signaling deeper cracks in the labor market. That's 28% downward adjustment. From an average of 242,000 to 174,000 jobs per month, suggesting that economic vulnerabilities are more severe than initially believed. Read further at: https://lnkd.in/ekBt8gCr #LaborMarket #JobGrowth #EconomicData #EmploymentTrends #Recession

#ICYMI Our Labor Market Insights report provides a monthly overview of key labor market statistics. As the changing workforce and #economic conditions continue to be top of mind for #workerscomp executives, this valuable resource delivers timely perspectives on what the latest jobs reports mean for the industry. Find this month's insights @ https://lnkd.in/eaJWtjvy

According to the Bureau of Labor Statistics (BLS), the U.S. economy added 254,000 jobs in September 2024, exceeding expectations for 142,500. The July and August jobs reports were also revised higher, up 55,000 and 17,000 respectively. These upside surprises defy fears that the labor market is breaking. #highcountrystaffing2024 #letsgo #Q4 #temporarystaffing #directhirestaffing

#InTheNews - Op-ed ✍️ "Given the severity of the #employmentchallenge, it's time for a paradigm shift. The focus needs to shift from #GDPgrowth to the creation of more #productive and better-paying #jobs. GDP growth should be a corollary of #jobcreation. The starting point for change is to realise that smart sectoral policies can steer market forces to create more jobs", writes Mr Ajay Shankar, Distinguished Fellow, TERI in his op-ed for The Tribune. 📰 Read here 👉 https://lnkd.in/gaxMNatn #GDPgrowth #EmploymentReport2024 #Employment #JobCreation

The complex relationship between employment and GDP growth has presented key issues: Employment vs. GDP Growth: While recent years show a spike in job creation, this doesn’t align with GDP growth. Types of Employment: The rise in own-account work and unpaid roles reflects a shift towards gig and informal jobs. Labour Productivity: The data reveals a drop in labour productivity coinciding with the rise in employment, suggesting a shift towards less productive sectors. Read on for more: https://heyor.ca/xljdrc #EmploymentTrends #EconomicAnalysis #KLEMSData #LabourMarket #GDPGrowth #EconomicInsights

Our data is predicting a strong labor market for the month of February. Learn more about our predictions now