Maricel Quianzon’s Post

April figures from the Labour Force Survey are in, showing a rise in employment by 90,000 and an unemployment rate holding steady at 6.1%. What does this mean for hiring in your organization and industry? Let's connect! #Jobs #LHH #professionalservices #technicalservices #scientificservices

April figures from the Labour Force Survey are in, showing a rise in employment by 90,000 and an unemployment rate holding steady at 6.1%. What does this mean for hiring in your organization and industry? Let's connect! #Jobs #LHH #manufacturing

📈 The latest Labour Market Advance Release for Q3 2024 shows promising signs for workers and businesses alike. Total employment has surged to 24,100, more than doubling from Q2, with increases across both resident and non-resident sectors. With the resident unemployment rate remaining low at 2.6% and retrenchments decreasing significantly, the outlook for our labour market is positive. In particular, I am heartened that the supply of quality job opportunities has increased markedly in growth sectors such as Information & Communications, Professional Services, and Health & Social Services. 💼 Let’s keep building on this progress together! #EveryWorkerMatters #NTUC

The latest report from the U.S. Bureau of Labor Statistics, The Employment Situation, highlights a positive trend in the labor market. Nonfarm payrolls increased by 206,000 in June, maintaining the unemployment rate at 4.1%. Key sectors such as government, health care, social assistance, and construction saw notable job gains. Meanwhile, the number of long-term unemployed rose by 166,000 to 1.5 million.   Source: https://lnkd.in/e8aFakB   #JobMarket #staffing #jobopenings #hirings #labormarket #EmploymentTrends

Employment increased by 90,000 (+0.4%) in April, and the unemployment rate was unchanged at 6.1%. But there are troubling signs: - public sector growth out paced that of the private sector - most jobs created were part time - employment rate is relatively low

The April jobs report came out. Many are talking about the over/under on rate hikes for June. One should look at the cumulative data over a period of time and not just one month, as I assume and suspect the BOC does. Having said that, I always find the makeup of this data fascinating. My key takeaways: - Over half of the 90,000 new jobs were part-time - Hourly wage increase is less than the increase in March - Public Sector employment CONTINUES to outpace private sector (this is INFURIATING to me on so many levels) on both m/m and y/y basis - Unemployment rates steady... but continue to be higher than US https://lnkd.in/gKfmxKGx

From its household survey, the Bureau of Labor Statistics (BLS) reported that the US unemployment rate ticked back 0.1 points to 4.2%. This was widely expected as the number of employed improved and the number of unemployed edged down. The participation rate was stable while discouraged workers and others marginally attached to the labor force declined. The number of part-time workers edged up. All in all, a report indicating a moderating labor market, one consistent with the late stage of the business cycle.

What do the latest unemployment rates show about the changing job landscape in Canada? Find out here: https://lnkd.in/ekVg7efh #HR #HumanResources

Australia's Labour Market: A Closer Look at April 2024's Developments April 2024 has brought notable shifts in Australia's labor market, which merit close examination by business leaders and policymakers focused on sustainable development and strategic workforce planning. See data: https://lnkd.in/da2H6dPu April's Labour Market Overview: - Employment Increase: There was a significant uptick in employment, with 38,500 new jobs added, contrasting starkly with the previous month's decrease. - Rising Unemployment Rate: Despite more jobs, the unemployment rate increased to 4.1%, up from 3.9%. - Higher Participation Rate: The participation rate rose to 66.7%, indicating more Australians are either working or looking for work. - Persistent Underemployment: The underemployment rate also ticked up to 6.6%, signalling ongoing mismatches in the labor market that need addressing. These statistics speak to several Sustainable Development Goals (SDGs), particularly: - SDG 8 (Decent Work and Economic Growth): The increase in employment numbers supports Target 8.5, which aims to achieve full and productive employment and decent work for all. However, the rise in underemployment and the mixed shifts in full-time and part-time roles suggest challenges in fully realising this target. - SDG 10 (Reduced Inequalities): The data reflects ongoing efforts towards Target 10.3 by ensuring equal opportunity and reducing inequalities of outcome, evidenced by the overall increase in labor market participation, including marginalised groups. - SDG 5 (Gender Equality): The participation rates for men and women should be examined under Target 5.5, which seeks to ensure women’s full participation in leadership and decision-making in economic life. Strategic Implications for Business Leaders: The current labour market dynamics pose both challenges and opportunities. The increase in participation and employment suggests a resilient economy, yet the rise in underemployment points to inefficiencies that may hinder long-term growth. Opportunity for Sustainable Growth: This environment presents a pivotal moment for businesses to integrate sustainability into their core strategies. Leaders should consider how to leverage the expanding workforce for sustainable initiatives, potentially through green job creation or re-skilling programs aimed at reducing underemployment. Discussion: How can businesses better align their growth strategies with sustainable practices in light of the latest labor market data? These insights are crucial as we navigate a post-pandemic recovery that respects both economic and environmental boundaries. The discussion is open, and we invite thoughts on how businesses can pragmatically integrate these elements into their strategic planning. #AFR #FinancialTimes #SustainableDevelopment #LaborMarketAnalysis #StrategicPlanning #BusinessLeadership #EconomicRecovery #WorkforceDevelopment

As David Rosenburg accurately states, 'headlines are for the lazy'. Today's LFS' headline: Employment increased by 90,000 (+0.4%) in April. Time to celebrate or cause of concern? Mostly the latter. Let's dive in: - 50,000 Jobs were part-time (not a good sign of business confidence) - Avg. Hourly Wage decelerated to 4.7% y/y (from 5.1% in March) - Y/Y, P-T employment was up by 2.9% (+104,000) in April, while F-T employment was up by 1.7% (+273,000)...this matters because... - population growth of 1.1 million (+3.3%) vastly outpaced employment growth (+1.9%; +377,000)...3/4 of a million people looking for jobs - Naturally, Y/Y, the employment rate was down 0.9 percentage points #employment #canada #business #jobs #economy #interestrates