Posts
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.
Sep 04, 2024 – 2 mins read
August 2024 Jobs Report: Resilience Amidst Challenges
The U.S. economy added 187,000 jobs in August, reflecting slower growth. The unemployment rate increased to 3.8%, with a rise in the labor force participation rate to 62.8%. Wages grew by 4.3% year-over-year, helping offset inflation. Healthcare led job growth with 71,000 jobs, followed by construction with 25,000 jobs. Manufacturing remained stagnant, adding only 1,000 jobs. The labor market shows signs of cooling, but companies are strategically hiring in key sectors, balancing caution with talent competition.
Aug 06, 2024 – 3 mins read
July Jobs Report: A Warning Sign for the U.S. Economy?
The July jobs report revealed a significant slowdown in the U.S. labor market, with only 114,000 jobs added, down from 206,000 in June, and the unemployment rate rising slightly to 4.3%. Key sectors like manufacturing and retail saw job losses, while wage growth remained modest. These figures, coupled with stagnant labor force participation, have heightened concerns about a potential economic slowdown.
Sep 11, 2024 – 2 mins read
Business Draft and Indeed Announce Game-Changing Partnership in Recruitment Technology
Business Draft and Indeed have teamed up to revolutionize recruitment by integrating their technologies. This partnership offers precise candidate matching, direct job postings through Business Draft without needing an Indeed account, and free job postings. These enhancements simplify the recruitment process, making it more accessible and cost-effective, especially for small to medium-sized businesses.
Jul 08, 2024 – 2 mins read
Monthly U.S. Labor Market Report - June 2024
The U.S. labor market showed strong resilience in June 2024, with the unemployment rate dropping to 3.6% and job openings rising to 10.3 million, a 5% increase from May. Wage growth was significant, with average hourly earnings up by 4.2% year-over-year. However, challenges such as skills mismatches and regional disparities persist. Employers are advised to invest in training, offer competitive compensation, and tailor recruitment strategies to regional conditions. Business Draft remains committed to supporting your recruitment needs with our all-in-one Applicant Tracking System (ATS). Stay tuned for more insights next month.