Monthly Job Reports

 

Hang-On… Tight!

Global Indicators are pointing towards a bumpy ride.  Inflationary pressures continue to dominate the air-waves as the US Dollar tops the global monetary exchange.

US employers added 372,000 jobs in June down from 390,000 in May, while the unemployment rate remained unchanged at 3.6% for the fourth month in a row.

Canada lost 43,000 jobs in June as compared to adding 40,000 in May, as the unemployment rate decreased to 4.9%in June from 5.1% in May.

Both Canada and the USA have reductions in the Labor Participation Rate with a larger percentage of out of work employees not actively looking for work, perhaps explaining the stability in the Unemployment Rates.  We are also starting to see more of a move towards Part-Time/Temporary Employment as both employers and employees are adjusting to work-load fluctuations.

Despite the current macroeconomic conditions and microeconomic trends, we are still moving towards solid improvements in the Labor Market.  We just need to Hang-On and continue to offer employees challenging and flexible work environments.  Worker productivity has never been higher, further justifying an upward transmission of wages reflecting the higher price levels in the economy.

Source:

U.S. Bureau of Labor Statistics

Statistics Canada – Labor force survey

#startups , #technicalrecruiting , and #executiverecruitment

CANADA JOBS REPORT MAY 2022

Canada MAY JOBS REPORT 2022

Push and Pull at the Sametime?

The Canadian Economy added 40,000 jobs in May while the Unemployment Rate fell slightly from 5.2% in April to 5.1% which are seemingly positive indicators.  

Although both Interest Rates and Prices are increasing, the labor market has remained relatively stable.  Much of the growth for the month of May was in the Leisure and Hospitality sectors.

While the number of open jobs in the economy is strong, Employers are perhaps revisiting short-term growth and hiring plans as we enter into a state of Economic Uncertainty.  Employees are also trending towards a more cautious approach, and evaluating the risks of moving to a new company during times of uncertainty.

Looks like we are approaching a “Wait and See” mode to Employment as we understand the impact of reduced Global Inventories and broken Supply Chains on Prices, and which levers to Push and or Pull to get the Economy back on track – quickly.

Source:

Statistics Canada – Labor force survey

#employmentsituation #jobs #jobsreport #jobsurvey #hrmanager #staffingsgency #laborforcesurvey #employmentreport #humanresources #recruitingagency #employer

US JOBS REPORT MAY 2022

Fingers Crossed 🙂

Although both Interest Rates and the Consumer Price Index have increased in May, the labor market remains stable.

The US Economy added 390,000 jobs in May despite recession inflation fears, while the unemployment rate remained unchanged for the third month in a row at 3.6%.

Sentiment is trending towards caution and stability as the labor growth rate continues to slow. Leisure and hospitality segments outperformed, with some growth in professional and business services, and transportation and warehousing.

Employees are perhaps entering into a phase of continuity and not as eager to entertain a change in the short-run. This calmer, longer-term approach to employment is the perfect opportunity for companies to shift from a rapid/tactical sourcing and onboarding process to a longer-term/strategic candidate selection cycle.

Source:

U.S. Bureau of Labor Statistics

#employmentsituation #jobs #jobsreport #jobsurvey #hrmanager #staffingsgency #laborforcesurvey #employmentreport #humanresources #recruitingagency #employer

Canada April JOBS REPORT 2022

Just Take’n a Break

After two months of growth, April fell a little short. The number of New Jobs added to the Canadian Economy seems to be stabilizing, indicating that the Pandemic Employment ebbs and flows may be behind us – Finally.

The Canadian Economy added 15,300 jobs in April, while the Unemployment Rate fell slightly from 5.3% in March to 5.2%.

It appears that while Wages are continuing to Increase, the Consumer Price Index and Inflation Rates are also increasing, eliminating any real improvements to the Standard of Living.

Employees are looking forward to challenging and stimulating engagements, in nurturing and inclusive work environments – while working from Coffee Shops/Travel Stops and on their own time. Employee productivity indicators over the past couple of years are higher than ever before.

Maybe balance is a good thing.

Source:

Statistics Canada – Labor force survey

#employmentsituation #jobs #jobsreport #jobsurvey #hrmanager #staffingsgency #laborforcesurvey #employmentreport #humanresources #recruitingagency #employer

US APRIL JOBS REPORT 2022

Despite it all – Still Strong

With all that has been going on, we would expect a greater reduction in the growth rate.

The US Economy added 428,000 jobs in April amidst price increases, supply shortages, higher interest rates, and uncertainty. The Unemployment Rate remains unchanged in April from March, at 3.6%.

Much of the growth was in sectors that were most affected by the pandemic, mainly Leisure and Hospitality.

Employers are continuing the struggle to find skilled labor, while employee mobility is starting to drop. Candidates still have plenty of options, however we are starting to see a calmer, longer-term perspective as the employment of choice is trending towards Stronger Corporate Growth Plans.

Source:

U.S. Bureau of Labor Statistics

#employmentsituation #jobs #jobsreport #jobsurvey #hrmanager #staffingsgency #laborforcesurvey #employmentreport #humanresources #recruitingagency #employer