US Labor Data is in - Experts had been anticipating U.S. employers to add a healthy number of jobs in December, while recognizing that below the surface monthly hiring gains were concentrated in a handful of sectors. December’s Bureau of Labor Statistics (BLS) Employment Situation Summary data did not disappoint the analysts. Total nonfarm payroll employment increased by 256,000 in December with growth concentrated in the same sectors. The unemployment rate changed little at 4.1 percent. After increasing earlier in the year, the unemployment rate has been either 4.1 percent or 4.2 percent for the past 7 months. The number of unemployed people, at 6.9 million, also changed little in December. “The new year promises to be an eventful period in the executive, technical, professional and managerial employment world that our HireQuest Inc. divisions of over 425 offices operate in every day. The obvious primary driver is a new administration with a focus on creating conditions they see driving business investment and economic and job growth. From deregulation to unleashed energy production and technological innovation, improved government efficiency, and a tax environment to encourage investment, the Trump economic team hopes to accelerate long-term growth. A second factor is a dynamic that our MRINetwork and Snelling Staffing professionals deal with almost daily in consultations with clients and top candidates – a move to a final resolution of the work-from-home phenomena,” noted Rick Hermanns, president and chief executive officer of HireQuest Inc. Read more on the report and analysis here: https://lnkd.in/eX4dChsZ #USLabor #LaborStats #JobMarket #JobReport
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Our MRINetwork team has analyzed the latest BLS data, providing key insights into how it impacts executive search and staffing trends. Stay informed and ahead of the curve as we navigate the evolving job market together. Check out the full report below and share with your clients to keep them updated on the trends shaping their industries. #BLSInsights #RecruitmentTrends #MRINetwork #TalentStrategy #JobMarketData
December's BLS Report: Experts had been anticipating U.S. employers to add a healthy number of jobs in December, while recognizing that below the surface monthly hiring gains were concentrated in a handful of sectors. December’s Bureau of Labor Statistics (BLS) Employment Situation Summary data did not disappoint the analysts. Total nonfarm payroll employment increased by 256,000 in December with growth concentrated in the same sectors. The unemployment rate changed little at 4.1 percent. After increasing earlier in the year, the unemployment rate has been either 4.1 percent or 4.2 percent for the past 7 months. The number of unemployed people, at 6.9 million, also changed little in December. “The new year promises to be an eventful period in the executive, technical, professional and managerial employment world that our HireQuest Inc. divisions of over 425 offices operate in every day. The obvious primary driver is a new administration with a focus on creating conditions they see driving business investment and economic and job growth. From deregulation to unleashed energy production and technological innovation, improved government efficiency, and a tax environment to encourage investment, the Trump economic team hopes to accelerate long-term growth. A second factor is a dynamic that our MRINetwork and Snelling Staffing professionals deal with almost daily in consultations with clients and top candidates – a move to a final resolution of the work-from-home phenomena,” noted Rick Hermanns, president and chief executive officer of HireQuest Inc. Read more on the report and analysis here: https://lnkd.in/eX4dChsZ #Recruiting #Staffing #LaborMarket #JobReport
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Our MRINetwork team has analyzed the latest BLS data, providing key insights into how it impacts executive search and staffing trends. Stay informed and ahead of the curve as we navigate the evolving job market together. Check out the full report below and share with your clients to keep them updated on the trends shaping their industries. #BLSInsights #RecruitmentTrends #MRINetwork #TalentStrategy #JobMarketData
December's BLS Report: Experts had been anticipating U.S. employers to add a healthy number of jobs in December, while recognizing that below the surface monthly hiring gains were concentrated in a handful of sectors. December’s Bureau of Labor Statistics (BLS) Employment Situation Summary data did not disappoint the analysts. Total nonfarm payroll employment increased by 256,000 in December with growth concentrated in the same sectors. The unemployment rate changed little at 4.1 percent. After increasing earlier in the year, the unemployment rate has been either 4.1 percent or 4.2 percent for the past 7 months. The number of unemployed people, at 6.9 million, also changed little in December. “The new year promises to be an eventful period in the executive, technical, professional and managerial employment world that our HireQuest Inc. divisions of over 425 offices operate in every day. The obvious primary driver is a new administration with a focus on creating conditions they see driving business investment and economic and job growth. From deregulation to unleashed energy production and technological innovation, improved government efficiency, and a tax environment to encourage investment, the Trump economic team hopes to accelerate long-term growth. A second factor is a dynamic that our MRINetwork and Snelling Staffing professionals deal with almost daily in consultations with clients and top candidates – a move to a final resolution of the work-from-home phenomena,” noted Rick Hermanns, president and chief executive officer of HireQuest Inc. Read more on the report and analysis here: https://lnkd.in/eX4dChsZ #Recruiting #Staffing #LaborMarket #JobReport
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Our MRINetwork team has analyzed the latest BLS data, providing key insights into how it impacts executive search and staffing trends. Stay informed and ahead of the curve as we navigate the evolving job market together. Check out the full report below and share with your clients to keep them updated on the trends shaping their industries. #BLSInsights #RecruitmentTrends #MRINetwork #TalentStrategy #JobMarketData
December's BLS Report: Experts had been anticipating U.S. employers to add a healthy number of jobs in December, while recognizing that below the surface monthly hiring gains were concentrated in a handful of sectors. December’s Bureau of Labor Statistics (BLS) Employment Situation Summary data did not disappoint the analysts. Total nonfarm payroll employment increased by 256,000 in December with growth concentrated in the same sectors. The unemployment rate changed little at 4.1 percent. After increasing earlier in the year, the unemployment rate has been either 4.1 percent or 4.2 percent for the past 7 months. The number of unemployed people, at 6.9 million, also changed little in December. “The new year promises to be an eventful period in the executive, technical, professional and managerial employment world that our HireQuest Inc. divisions of over 425 offices operate in every day. The obvious primary driver is a new administration with a focus on creating conditions they see driving business investment and economic and job growth. From deregulation to unleashed energy production and technological innovation, improved government efficiency, and a tax environment to encourage investment, the Trump economic team hopes to accelerate long-term growth. A second factor is a dynamic that our MRINetwork and Snelling Staffing professionals deal with almost daily in consultations with clients and top candidates – a move to a final resolution of the work-from-home phenomena,” noted Rick Hermanns, president and chief executive officer of HireQuest Inc. Read more on the report and analysis here: https://lnkd.in/eX4dChsZ #Recruiting #Staffing #LaborMarket #JobReport
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December's BLS Report: Experts had been anticipating U.S. employers to add a healthy number of jobs in December, while recognizing that below the surface monthly hiring gains were concentrated in a handful of sectors. December’s Bureau of Labor Statistics (BLS) Employment Situation Summary data did not disappoint the analysts. Total nonfarm payroll employment increased by 256,000 in December with growth concentrated in the same sectors. The unemployment rate changed little at 4.1 percent. After increasing earlier in the year, the unemployment rate has been either 4.1 percent or 4.2 percent for the past 7 months. The number of unemployed people, at 6.9 million, also changed little in December. “The new year promises to be an eventful period in the executive, technical, professional and managerial employment world that our HireQuest Inc. divisions of over 425 offices operate in every day. The obvious primary driver is a new administration with a focus on creating conditions they see driving business investment and economic and job growth. From deregulation to unleashed energy production and technological innovation, improved government efficiency, and a tax environment to encourage investment, the Trump economic team hopes to accelerate long-term growth. A second factor is a dynamic that our MRINetwork and Snelling Staffing professionals deal with almost daily in consultations with clients and top candidates – a move to a final resolution of the work-from-home phenomena,” noted Rick Hermanns, president and chief executive officer of HireQuest Inc. Read more on the report and analysis here: https://lnkd.in/eX4dChsZ #Recruiting #Staffing #LaborMarket #JobReport
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Our MRINetwork team has analyzed the latest BLS data, providing key insights into how it impacts executive search and staffing trends. Stay informed and ahead of the curve as we navigate the evolving job market together. Check out the full report below and share with your clients to keep them updated on the trends shaping their industries. #BLSInsights #RecruitmentTrends #MRINetwork #TalentStrategy #JobMarketData
December's BLS Report: Experts had been anticipating U.S. employers to add a healthy number of jobs in December, while recognizing that below the surface monthly hiring gains were concentrated in a handful of sectors. December’s Bureau of Labor Statistics (BLS) Employment Situation Summary data did not disappoint the analysts. Total nonfarm payroll employment increased by 256,000 in December with growth concentrated in the same sectors. The unemployment rate changed little at 4.1 percent. After increasing earlier in the year, the unemployment rate has been either 4.1 percent or 4.2 percent for the past 7 months. The number of unemployed people, at 6.9 million, also changed little in December. “The new year promises to be an eventful period in the executive, technical, professional and managerial employment world that our HireQuest Inc. divisions of over 425 offices operate in every day. The obvious primary driver is a new administration with a focus on creating conditions they see driving business investment and economic and job growth. From deregulation to unleashed energy production and technological innovation, improved government efficiency, and a tax environment to encourage investment, the Trump economic team hopes to accelerate long-term growth. A second factor is a dynamic that our MRINetwork and Snelling Staffing professionals deal with almost daily in consultations with clients and top candidates – a move to a final resolution of the work-from-home phenomena,” noted Rick Hermanns, president and chief executive officer of HireQuest Inc. Read more on the report and analysis here: https://lnkd.in/eX4dChsZ #Recruiting #Staffing #LaborMarket #JobReport
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Our MRINetwork team has analyzed the latest BLS data, providing key insights into how it impacts executive search and staffing trends. Stay informed and ahead of the curve as we navigate the evolving job market together. Check out the full report below and share with your clients to keep them updated on the trends shaping their industries. #BLSInsights #RecruitmentTrends #MRINetwork #TalentStrategy #JobMarketData
December's BLS Report: Experts had been anticipating U.S. employers to add a healthy number of jobs in December, while recognizing that below the surface monthly hiring gains were concentrated in a handful of sectors. December’s Bureau of Labor Statistics (BLS) Employment Situation Summary data did not disappoint the analysts. Total nonfarm payroll employment increased by 256,000 in December with growth concentrated in the same sectors. The unemployment rate changed little at 4.1 percent. After increasing earlier in the year, the unemployment rate has been either 4.1 percent or 4.2 percent for the past 7 months. The number of unemployed people, at 6.9 million, also changed little in December. “The new year promises to be an eventful period in the executive, technical, professional and managerial employment world that our HireQuest Inc. divisions of over 425 offices operate in every day. The obvious primary driver is a new administration with a focus on creating conditions they see driving business investment and economic and job growth. From deregulation to unleashed energy production and technological innovation, improved government efficiency, and a tax environment to encourage investment, the Trump economic team hopes to accelerate long-term growth. A second factor is a dynamic that our MRINetwork and Snelling Staffing professionals deal with almost daily in consultations with clients and top candidates – a move to a final resolution of the work-from-home phenomena,” noted Rick Hermanns, president and chief executive officer of HireQuest Inc. Read more on the report and analysis here: https://lnkd.in/eX4dChsZ #Recruiting #Staffing #LaborMarket #JobReport
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Our MRINetwork team has analyzed the latest BLS data, providing key insights into how it impacts executive search and staffing trends. Stay informed and ahead of the curve as we navigate the evolving job market together. Check out the full report below and share with your clients to keep them updated on the trends shaping their industries. #BLSInsights #RecruitmentTrends #MRINetwork #TalentStrategy #JobMarketData
December's BLS Report: Experts had been anticipating U.S. employers to add a healthy number of jobs in December, while recognizing that below the surface monthly hiring gains were concentrated in a handful of sectors. December’s Bureau of Labor Statistics (BLS) Employment Situation Summary data did not disappoint the analysts. Total nonfarm payroll employment increased by 256,000 in December with growth concentrated in the same sectors. The unemployment rate changed little at 4.1 percent. After increasing earlier in the year, the unemployment rate has been either 4.1 percent or 4.2 percent for the past 7 months. The number of unemployed people, at 6.9 million, also changed little in December. “The new year promises to be an eventful period in the executive, technical, professional and managerial employment world that our HireQuest Inc. divisions of over 425 offices operate in every day. The obvious primary driver is a new administration with a focus on creating conditions they see driving business investment and economic and job growth. From deregulation to unleashed energy production and technological innovation, improved government efficiency, and a tax environment to encourage investment, the Trump economic team hopes to accelerate long-term growth. A second factor is a dynamic that our MRINetwork and Snelling Staffing professionals deal with almost daily in consultations with clients and top candidates – a move to a final resolution of the work-from-home phenomena,” noted Rick Hermanns, president and chief executive officer of HireQuest Inc. Read more on the report and analysis here: https://lnkd.in/eX4dChsZ #Recruiting #Staffing #LaborMarket #JobReport
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Our MRINetwork team has analyzed the latest BLS data, providing key insights into how it impacts executive search and staffing trends. Stay informed and ahead of the curve as we navigate the evolving job market together. Check out the full report below and share with your clients to keep them updated on the trends shaping their industries. #BLSInsights #RecruitmentTrends #MRINetwork #TalentStrategy #JobMarketData
December's BLS Report: Experts had been anticipating U.S. employers to add a healthy number of jobs in December, while recognizing that below the surface monthly hiring gains were concentrated in a handful of sectors. December’s Bureau of Labor Statistics (BLS) Employment Situation Summary data did not disappoint the analysts. Total nonfarm payroll employment increased by 256,000 in December with growth concentrated in the same sectors. The unemployment rate changed little at 4.1 percent. After increasing earlier in the year, the unemployment rate has been either 4.1 percent or 4.2 percent for the past 7 months. The number of unemployed people, at 6.9 million, also changed little in December. “The new year promises to be an eventful period in the executive, technical, professional and managerial employment world that our HireQuest Inc. divisions of over 425 offices operate in every day. The obvious primary driver is a new administration with a focus on creating conditions they see driving business investment and economic and job growth. From deregulation to unleashed energy production and technological innovation, improved government efficiency, and a tax environment to encourage investment, the Trump economic team hopes to accelerate long-term growth. A second factor is a dynamic that our MRINetwork and Snelling Staffing professionals deal with almost daily in consultations with clients and top candidates – a move to a final resolution of the work-from-home phenomena,” noted Rick Hermanns, president and chief executive officer of HireQuest Inc. Read more on the report and analysis here: https://lnkd.in/eX4dChsZ #Recruiting #Staffing #LaborMarket #JobReport
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CEO at Joblink, LLC | Helping Job Seekers to Reclaim Their Power | Transforming Job Searches with the 2-Month Kickstarter Program
What's going on in the US labor market? The June 2024 Jobs Report reveals a third consecutive month of slowed job creation, with private employers adding 150,000 jobs. Service-providing sectors contributed significantly (+136,000), with leisure/hospitality leading (+63,000). Regional job growth was strongest in the South (+80,000), particularly in the South Atlantic (+47,000). Pay increases for job-stayers slowed to 4.9%, the lowest since August 2021, while job-changers saw a pay gain of 7.7%. Despite the slowdown, medium-sized establishments (50-249 employees) saw the most growth (+88,000). #JobsReport #EmploymentTrends #EconomicGrowth #LaborMarket #JobGrowth #WorkforceDevelopment #EconomicUpdate #Armchairanalyst https://lnkd.in/giRK-qau
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Executive Recruiter @ People Placers | Legal, Tax Accounting, Investment & Financial, Data & Technology, Clinical Healthcare, EPC for Oi, Gas & Renewable Energies Industries
Bob Marshall’s February 2023 BLS Analysis for Recruiters; 3/10/23 The 6 February Articles… Start here… Nearly 78% of Employers Gave Pay Raises in Past 6 Months; Compensation Top of Mind Despite Recession Concerns Daily News, March 3, 2023 Despite economic downturn concerns, 77.9% of US employers gave pay raises in the past 6 months, according to a survey by iHire. The pay raises were given due to merit, performance, pay compression or the rising cost of living. “Compensation is top of mind for employers and their workforces,” said Lisa Shuster, chief people officer at iHire. “Now is the time for organizations to ensure they are compensating employees fairly while avoiding pay compression. The good news is that most employers do not appear overly worried about a recession and continue to invest in their most valuable business asset: their people.” Of the 436 employers surveyed, just 22.1% had not given raises recently. Of that 22.1% that did not give a raise, 69.6% said they couldn’t afford to give raises, and 32.6% said they were preparing for an economic downturn or tightening their 2023 budgets. In addition, 13.0% reported poor or stagnant employee performance, and 13.0% were unsure how to determine fair compensation. iHire also surveyed 305 workers and found that 23.9% of respondents had asked for a raise in the past six months, and 60.3% got a raise upon asking, according to the report. Of the 76.1% of workers who had not asked for a raise, 50.0% already received a raise recently and 25.6% did not know how to negotiate their salary. In addition, 23.2% were afraid to ask or approach their supervisor for a raise and 11.0% did not think their performance was deserving of a raise. For the report, iHire surveyed 436 employers and 305 workers in 57 industries across the US in February. More Than Half of NABE Forecasters Predict 50% Probability of Recession This Year Daily News, February 27, 2023 Forecasters expect 0.3% US GDP growth this year, and more than half, 58%, say there is a 50% probability of a recession this year, according to the “February 2023 Outlook” report released today by the National Association for Business Economics. “Results of the February 2023 NABE Outlook survey continue to reflect significant divergence regarding the outlook for the US economy,” said NABE President Julia Coronado, president and founder, MacroPolicy Perspectives LLC. “Estimates of inflation-adjusted gross domestic product or real GDP, inflation, labor market indicators and interest rates are all widely diffused, likely reflecting a variety of opinions on the fate of the economy — ranging from recession to soft landing to robust growth.” The median projection for real GDP growth is 0.3% from the fourth quarter of 2022 to the fourth quarter of 2023 and 1.9% quarter over quarter in 2024. The estimates between the lowest five responses and the highest five responses for 2023 range from -1.3% to 1.9% in 2023 and from 0.1% to 2.6% in 2024. The repo
