Posts
Dec 16, 2024 – 3 mins read
November Jobs Report: A Strong Finish to the Year, but What’s Next?
The November Jobs Report is in! ✅ 227,000 jobs added showing steady growth across key sectors like healthcare and hospitality. ✅ Unemployment at 4.2% more people are rejoining the workforce, a sign of growing confidence. ✅ Wages up 4% year-over-year, keeping the hiring market competitive. The labor market’s momentum is holding strong, but finding the right talent is still a challenge.
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.
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.