Posts
Oct 09, 2024 – 3 mins read
September Jobs Report: U.S. Employers Continue to Add Jobs Despite Economic Uncertainty
In September, U.S. employers added 254,000 jobs, exceeding expectations of 140,000 and marking the highest gain since March. Revisions from previous months added another 72,000 jobs. The unemployment rate dropped to 4.1%, signaling a healthy labor market as more people find work. Job gains were led by the healthcare sector, which added 72,000 jobs, followed by restaurants with 69,000. However, manufacturing lost 7,000 jobs, particularly in car manufacturing. The tech sector showed modest improvement with 6,000 new jobs, while temporary help services saw a decline of 14,000 jobs, likely due to increased permanent hiring. While this report offers optimism for the Federal Reserve in managing inflation and a potential soft landing, it remains one month of data, and labor market weakening is still possible. Hiring is slower compared to last year, but inflation has cooled, and consumer spending remains stable, providing a cautiously positive outlook for the economy.
Oct 11, 2024 – 2 mins read
Smarter Data Means Better Decisions: Business Draft x People Trail—Raising the Bar in Recruitment and Screening
The Business Draft x People Trail partnership combines advanced recruitment technology with comprehensive background screening to create a seamless hiring process. This integration allows businesses to streamline candidate evaluations and background checks, leading to faster, smarter hiring decisions. People Trail’s background screening services ensure security and compliance, while Business Draft’s platform delivers insightful data at every step. The partnership improves efficiency for recruiters and enhances the candidate experience by providing transparent and timely communication. Overall, it raises the standard for how companies hire, ensuring better decisions backed by smarter data.