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The regional economy isn’t in bad shape, but many folks say it’s hard to get by.
The public sector is still recovering from pandemic turbulence. Due to upcoming retirements, it may stay active in the labor market for years.
Conditions in the labor market increasingly look like they did before the pandemic.
The uptick seems to reinforce a number of recent signals showing moderation in the labor market.
Initial jobless claims hit a 10-month high last week. If that takes pressure off prices, the Federal Reserve might reduce interest rates.
The data suggest the job market could be returning to more normal times after an exceptional period of hiring new employees.
And 72% of CEOs surveyed anticipate modest or significantly increased hiring in the next year.
Psychometrics assessments boosted by AI aim to quantify seemingly intangible qualities like personality and emotional intelligence.
So government stats on job openings may not be telling us much.
They’re less concerned about recruitment challenges, according to an NFIB survey and several indicators.