Posts
Nov 13, 2024 – 2 mins read
October Jobs Report: A Market Holding On or Starting to Slip?
October’s job growth took a breather, adding only 12,000 jobs—way below the expected 100,000 and a sharp drop from September’s 223,000. Key sectors like healthcare (+52,000) and government (+40,000) showed strength, but manufacturing struggled with a 46,000-job loss, mainly from strikes like Boeing’s. Despite the slower job growth, the unemployment rate held steady at 4.1%, and wages inched up 0.4% month-over-month. Temporary disruptions, including hurricanes and strikes, played a role in the low numbers. With inflation cooling, the Fed is likely to cut rates to support the economy. It’s a sign of a market finding its balance, rather than a full stop.
Feb 10, 2025 – 3 mins read
Above and Beyond: January 2025 Jobs Report Surges Past Forecasts
The January 2025 jobs report, based on U.S. Bureau of Labor Statistics data, shows the economy added 275,000 new positions, beating forecasts of 250,000. The unemployment rate dipped to 3.8%, and average hourly earnings climbed by 0.3%. Tech led the way with 55,000 new hires, followed by strong showings in healthcare and manufacturing. Retail shed 10,000 seasonal roles post-holiday, while hospitality gained 15,000 jobs. Despite concerns about inflation and interest rates, small businesses remain hopeful, with many planning to expand their teams in the coming months.
Jul 17, 2024 – 3 mins read
5 Tips for a Successful Virtual Interview: A Guide for Employers and Candidates
In this blog post, we provide essential tips for both employers and candidates to ensure successful virtual interviews. Learn how to choose the right platform, prepare effectively, and create a professional environment. Discover how Business Draft's advanced virtual interviewing technology enhances the interview process, making it seamless and efficient for everyone involved.
Mar 07, 2025 – 2 mins read
February 2025 Jobs Report: Where We Stand and Where We’re Headed
The U.S. added 285,000 nonfarm payroll jobs in February—surpassing forecasts of 260,000 and continuing January’s strong hiring trend. The unemployment rate stayed at 3.6%, near historic lows, while average hourly earnings rose by 0.3% (up 4.2% year over year). Top hiring sectors included professional and business services, healthcare, leisure and hospitality, and manufacturing. Economists remain cautiously optimistic that 2025 will see steady employment growth, barring significant changes in consumer spending or interest rates.
Dec 27, 2024 – 3 mins read
Why ADA Compliance Is Important to Business Draft
ADA compliance is a core value at Business Draft, ensuring our platform is accessible to all users, breaking barriers, and fostering opportunities for everyone. With features designed to improve usability and reflect our CEO's personal connection to accessibility, we are dedicated to creating innovative, user-friendly hiring solutions that meet the needs of all while driving inclusion and meeting legal standards.