LifeWork Search’s Post

Things have stalled out. They’ve stagnated. They’ve normalized. The hiring frenzy from 2009 to 2021 was unprecedented. Not seen since the end of WW2. What does this all mean for the intrepid job seeker? More of the same: - insane competition for many white-collar, corporate roles; - insane competition to the tenth power for remote roles; - ghosting and frustrating job application processes; it’s an “employer’s market”; - massive reduction in compensation; some folks will need to look at 50% pay cuts, IMHO. - one’s RESUME is the most important TOOL in the job seeker’s toolbox; - the list goes on and on … https://lnkd.in/g5TgYyuF #ResumeIsKing #KeepPressingForward #AlwaysBeNetworking #UpdateYourLinkedInProfile #Engage #Pivot

A Win-Win Situation for All: How a Strong Labor Market is Creating Staffing Opportunities   The labor market is still strong, as evidenced by the recent data showing a drop in weekly unemployment claims - a positive development for the staffing industry. This trend shows potential for staffing firms, their clients, and their candidates—it's not simply a statistic.   Due to the fierce competition among businesses to attract top personnel, staffing firms are seeing a rise in demand for their services due to this healthy market. It's a call to action for them to step up their game, provide more specialized staffing options, and establish themselves as key players in talent acquisition.   Clients will gain a great deal from this tight labor market situation. Businesses may anticipate a better caliber of candidates prepared to advance their careers, as staffing firms are more motivated than ever to find and place outstanding talent. The proper fit is more important than ever in this era of quality over quantity.   Moreover, candidates are in a favorable position. More options, more chances, and possibly better terms of employment are all signs of a tight labor market. Now is the moment for applicants to use their knowledge and expertise to find positions that will further their professional goals and provide them with growth and fulfillment.   The employment sector will benefit since it presents a positive picture of expansion, success, and potential. As we navigate this terrain, the potential for good impact on candidates and clients is enormous, signaling a time of exciting opportunity and dynamic growth. #StaffingSolutions #EconomicTrends #StaffingIndustry #LaborMarket #TalentAcquisition #CareerOpportunities LanceSoft, Inc. https://lnkd.in/eqRH-Y8a

When the news of accelerated hiring in the U.S. hit me this morning, I was taken aback. With so many friends facing job losses and challenges, the positivity seemed hard to believe. Stories of fake job postings, lack of responses, and prolonged interview processes are all too common. It's disheartening to hear about offshoring, job cuts, and AI filtering out qualified candidates. Is this the reality of the job market we are facing? The article paints a rosy picture of an uptick in hiring, but many of us are grappling with uncertainties, especially in the final quarter of the year and amidst an election year. Can we truly embrace this positive outlook? Let's delve deeper into the facts behind the "Accelerated Hiring" claims and seek to understand the real dynamics at play. Your thoughts on this intriguing topic would be invaluable. Find the article here: [U.S. Hiring Accelerated in September, Blowing Past Expectations](https://lnkd.in/e34MAtq9) What Say You ?

A few general thoughts. Overall, good news. The local market is still strong and robust, and there are many companies hiring. It does appear that the more senior roles that are open, are becoming incredibly specific in nature and skillset required - which can, at times, lead to searches taking longer. Most of the best talent on the market is truly passive. Important to note, that most companies have returned the office in some form - and yet most candidates (not surprisingly), still look for fully remote roles. Despite the upheaval of the last 3 years, clients are seemingly focusing on candidate tenure and explanations of job movement. Most clients we have talked to, have forecasted and planned for new projects and growth, and want to ensure that staff will be there to help them implement and run those projects. Lastly, posted salary ranges are down (a by product of the salary privacy transparency law), but real salaries obtained still are trending up. It will be interesting to see how close to prediction Friday's February numbers are... which are expected to show that employers added another 200,000 jobs & that the unemployment rate likely stayed at 3.7%, which would mark the 25th straight month it’s come in below 4% — longest such streak since the 1960s. As always, we have lots of openings, if you are in the market for top talent or for your next career opportunity, reach out and schedule a time to discuss. https://lnkd.in/gmvAmstc

Couple of quotable notables around the #jobs market data released this week: ⤴️ the US economy added 254,000 jobs last month - that's a full 114,000 MORE than projected. 🤐 Tuesday’s JOLTS report showed workers taking a "wait-and-see" approach - the number of people voluntarily quitting their jobs fell to 3.08M (lowest since September 2020). Are close to being back to where we were in 2021? 🤷♂️ (feels like this emoji should be 10x larger for how much nobody knows). 🔜 🌊 Considering how passive #candidate movement between jobs flattened over the last 10 months, if new openings continue to increase, we are potentially at the base of a new hiring wave. There are also a lot of companies hesitating on a final decision on how far to open the throttle on #hiring until after the election (and a couple more rate cuts wouldn't hurt the cause, either). Pssst....another telltale sign is that #recruiter job postings have been increasing steadily over the last 6 months 😉.

📊 Our latest Hiring Snapshot is out now! After months of strong growth, hiring took a summer break in July. According to the latest Bureau of Labor Statistics report, hiring slowed with only 114,000 gains, and unemployment climbed to 4.3%. Our economist Giacomo Santangelo notes, “The increased pool of job seekers may ease hiring, but rising unemployment signals caution among employers.” Despite this, #Monster data shows potential for a hiring uptick this fall, with a 3% increase in active jobs and 12% in candidate searches. Discover key takeaways for the months ahead here: https://lnkd.in/eCdXK4BK Monster Hiring #BLS #JobsData #JobMarket #HiringTrends #Economy #CareerGrowth

When is the right time to hire in the IT industry? If you’ve been waiting for federal funds rate cuts to run their course, it’s time to re-strategize. Learn what’s happening in the IT job market and why you need to rise above hiring trends: https://lnkd.in/dDksHV3J #CapstoneIT #ITHiring #ITStaffing

🔹 The January jobs report was nearly double what the market expected – with 317k jobs created in January, compared to the anticipated 155k. 🔹 What does this signify, and do these bullish employment numbers alter anything for the Fed? ⬇️ Explore our latest insights on the reported data! #jobsreport #marketinsights

Stubbornly strong - and that means you're struggling to fill key positions! US initial jobless claims fell by 10,000 in the week ended May 11 to 222,000, the US Department of Labor reported. The employment market may be cooling, but that doesn't mean it's easier to fill key positions... that is, without the help of a team of workforce professionals who can connect you with funded programs to reduce hiring and training costs AND offer you pre-qualified, highly-motivated candidates. Discover more here - https://lnkd.in/gqgV3EYd It's never easy to make critical hires - so don't miss the kind of help you need! https://lnkd.in/g88exX6y #employment #hiring #HR

What's happening with jobs? And how are recruiters coping? 🚨ALERT: The stock market fell today, Friday, and is heading for its worst week since March 2023, as investors assessed a weaker-than-expected August employment report… New August employment data added to concerns about a slowdown in the labor market. A series of weak labor data has raised concerns about the health of the economy, spooking markets and affecting risk appetite. Here's a closer look: -The June and July employment reports have been revised downward, eliminating 86,000 jobs in total. -June went from 179,000 to 118,000 jobs, and July from 114,000 to just 89,000, making it the worst report since the pandemic hit in December 2020. -The June jobs report has been revised down TWICE, a major red flag. -Shockingly, 11 of the last 15 reports have seen similar revisions, marking an alarming trend. Just wait until next month, when we'll see revisions to today's numbers... Downward revisions to employment data have become the new norm this year. We're talking about MILLIONS in employment revisions over the past two years. Basically, the government over the past couple of years reported that we had millions of jobs that didn't exist 🤔🤔🤔🤔???????? Many reports indicate that employment systems reflect that vacancies have already been filled by other applicants. This is critical because employment reports are a key indicator of a recession; a decline in employment often signals an economic downturn. Are you worried about the labor market? What is happening with job openings? Are they true or false, what will happen after the rate cut on September 18? https://lnkd.in/gnayN5EJ