Posts
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.
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.
Jan 13, 2025 – 3 mins read
December Jobs Report: Wrapping Up 2024 with a Bang! 🎉
Jobs Added: 256,000 (exceeding forecasts). Unemployment Rate: Down to 4.1%. Growth Leaders: Healthcare: +46,000 jobs. Hospitality: +43,000 jobs. Retail: +43,000 jobs. Declines: Manufacturing: -13,000 jobs. Temp Staffing: -11,000 jobs.