NCCI’s Post

Market data and labor statistics, show that the labor market has cooled off from record highs the last 2 years. But 60% of employers still believe attracting and retaining is a top 5 business issue for 2024.

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

As the workforce ages, advanced economies are seeing large amounts of workers exit the labor force. Learn more about the new era for #LaborMarkets in PGIM's newest Megatrends research here: https://on.pru/49PFzhi

JobGet's U.S Labor Market Update tells us we are seeing gradual changes in this ever changing marketplace. These small movements may hold significant insights for employers and job seekers alike, signaling emerging trends and opportunities. Keeping a close eye on these developments is key to staying agile and responsive in today's ever-changing market. #LaborMarketTrends #WorkforceInsights #Adaptability" https://lnkd.in/gvxV99CZ

Impressive resilience in workforce demand despite aggressive rate increases by the Fed. A testament to the robustness of our labor market. We are experiencing these trends with our clients and prospects. #GoodmanCapital #Economy #WorkforceTrends #noredtape

Researchers have found that the labor market may be "tighter" than previously thought, indicating that the economy has more room to grow without generating inflation. This is a great opportunity for the Fed to give the job market more room to run. #economy #jobmarket #inflation #research

Despite the U.S. labor market achieving significant milestones in its recovery from the pandemic in 2023, skills shortages and other challenges persist. Magnit's "Winter 2023-24 U.S. Labor Market Report" provides valuable insights into these evolving dynamics and offers actionable recommendations to help organizations enhance their workforces. Download the full report now to learn more. https://lnkd.in/g4h84ZC3 #contingentworkforce #labormarket #WeAreMagnit

Strong US labor market underpins economy in first quarter

📉 Labor Market Update: Signs of Weakness Emerge 📉 . The labor market showed signs of softening in July, with job growth significantly lagging behind expectations. The Bureau of Labor Statistics (BLS) reported the creation of just 114K new jobs, falling short of the anticipated 175K. Additionally, revisions for May and June further trimmed 29K jobs from the total. This brings the unemployment rate to 4.3%, its highest level since 2021. . Stay informed on these trends, as they can have wide-reaching implications for the economy and your financial decisions.

🔍 Revised Jobs Data Reveals Weaker Labor Market—What It Means for the Fed’s Next Move 📉 The latest government revision shows 818,000 fewer jobs added than initially reported for the past year. Dive into the details of this significant downward adjustment and its implications for the U.S. economy, interest rates, and the Federal Reserve's upcoming decisions. #Economy #JobsReport #FederalReserve #InterestRates