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.
U.S. Bureau of Labor Statistics
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