🎩 Alakazam! 818,000 Jobs Vanish from US Employment Data

The U.S. Bureau of Labor Statistics has dramatically revised down its employment gains estimate by 818,000 jobs for April 2023 to March 2024. Roy Maurer reports this 30% reduction as the largest downgrade since 2009, with ZipRecruiter's chief economist Julia Pollak noting, "This one is quite a biggie."

Unpack the full impact of this revision on the job market here.

AI: Your New Career Coach or Job Stealer?

Jena McGregor reports on the rising trend of AI-powered career coaching tools, which offer personalized advice without human judgment. While these tools provide accessible alternatives to traditional coaching, they raise concerns about privacy and the quality of non-human guidance in the workplace.

Explore the pros and cons of AI career coaches in the full article.

From NYC to EEOC: AI hiring laws are tightening. Protect your company from becoming the next legal headline. Attend our free virtual event, "De-Risking AI in Hiring," on August 28 at 1:00 ET. Sign up here!

Jobilla Unveils AI Recruitment Tools, Secures €6M Funding

Jobilla , a European digital recruitment leader, has introduced AI-powered tools aimed at reducing campaign setup time by half and automating candidate screening. The company also secured €6M in funding to support international expansion.

CEO Henri Nordström states: "AI will not solve every challenge a recruiter or HR department has, but as a tool, it can significantly reduce time and costs spent on just managing a hiring campaign."

Learn how Jobilla's new AI tools aim to streamline recruitment. Read the full story!

Professional Diversity Network Unveils TalentAlly: A New Ally in Diverse Recruiting

IPDN-Professional Diversity Network has rebranded its job board operations as TalentAlly , a standalone subsidiary focused on advancing diversity recruitment. Despite market challenges, the company saw a 3.2% increase in job board service revenue in the first half of this year, prompting this strategic shift to enhance its commitment to DEI initiatives.

Read the full story here.

US Businesses Struggle to Find Quality Short-Term Workers

A new study by Indeed Flex reveals that 70% of US hiring managers report low fulfillment rates when using staffing agencies due to difficulty finding suitable temporary workers. Despite 68% of managers using these agencies, 61% work with multiple agencies, highlighting the challenge.

Novo Constare , CEO of Indeed Flex, notes: "Rising costs and stretched budgets force businesses to lean on agencies to fill shift gaps."

Explore more in the full report.

Tilt Raises $15M in Series B to Enhance Leave Management Tech

Tilt , a leave management solutions platform, has secured $15 million in Series B funding led by Bramalea Partners . The company plans to expand its ecosystem integration capabilities and partnerships.

CEO Jennifer Henderson states: "With the support of Bramalea Partners, Hearst Ventures and the rest of our investors, we are well-positioned to expand our ecosystem and influence through new strategic partnerships and integrations."

Dive into the details here.