Strong Jobs Report Means High Inflation to Continue in 2023
According to the Monthly Employment Situation, released this morning by the Bureau of Labor Statistics, 223,000 jobs were added during December and unemployment edged down to 3.5%. The labor market was expected to cool this past month, with the number of added jobs down from the adjusted 256,000 reported in November. The ADP National Employment […]
What to Expect from the 2023 Job Market: 4 Predictions on How the Legal Sector Could Be Affected
So far, it appears 2023 is going to be another great year for job seekers. Unemployment rates have continued to drop and are now hovering around 3.7 percent as of November 2022. However, despite these numbers and a resilient labor market amid more rate hikes, not everyone is having an easy time finding employment. Opportunities […]
Economic Turmoil Persists as Jobs Report Shows 263,000 Added Jobs in September.
The third quarter of 2022 has closed and according to the Monthly Employment Situation Summary, released this morning by the Bureau of Labor Statistics, the labor market added 263,000 jobs in September. This is down from the 315,000 jobs added in the month of August and remains well below previous months. The economy continues to […]
July Jobs Report
In an unexpected turn of events and amidst surging inflation and anxiety, the labor market added 528,000 jobs last month according to the monthly Employment Situation Summary released this morning by the Bureau of Labor Statistics. That’s the largest gain since February 2022 and more than double predictions from last week. This particular report was […]
May Jobs Report
The economy may be headed for a long-expected downturn. According to the monthly Employment Situation Summary released this morning by the Bureau of Labor Statistics, there were 390,000 jobs added in May. The labor market is still gaining, but at a lower rate than the reported 428,000 jobs added in April. The report outlines a […]
April Jobs Report
The upward trend continues as April shows strong job gains. Despite inflation’s continued rise, it has not yet caught up with the labor market. The Bureau of Labor Statistics released the monthly Employment Situation Summary this past Friday, which revealed a mixed bag of news. In April, 428,000 jobs were added while unemployment remained at […]
Albany recruiters: 3 ways the challenge of attracting talent is changing
Hiring new employees has never been harder, whether a company is replacing talent it lost, or trying to expand. An average of 4 million workers quit per month in 2021, according to a recent report by CBRE Group Inc., which is 18% above the monthly average from 2018 to 2019. Most of these people aren’t leaving […]
March Jobs Report shows biggest recovery from the pandemic yet
As expected, there were 431,000 added jobs in March, the eleventh straight month of growth, according to the Jobs Report for March 2022 released by the U.S. Bureau of Labor Statistics. Two days before today’s report was released, ADP announced its own payroll update, showing that private payrolls grew by 455,000 this past month. Last […]
What the 1st Quarter of 2022 Could Mean for the Future of Talent Acquisition.
The first quarter of 2022 is closing and we’re starting to see long awaited changes in the job market. The talent market in 2021 was an uncontrollable, free-for-all, and recruiters and firms alike are looking toward regaining equilibrium. Firms ramped up recruitment in response to heightened demand, but as that demand levels off they’re finding […]
678,000 New Jobs Added in February Lowers Unemployment Rate to 3.8%
With COVID-19 cases dropping this past month, we have seen an increase in the number of personnel coming back to work. The pandemic’s grip on the job market seems to have loosened. In the month of February, U.S. employers added 678,000 new jobs, up from the 467,000 added in January. In fact, employers across the […]
