Today We Give Thanks for a Strong Labor Market

Whitaker_Give Thanks Banner


 

Economists say we are in the strongest labor market in decades (J. Bartash) which is great timing for Americans as we get ready for the hustle and bustle of a busy holiday season.

  • The pace of layoffs and the unemployment rate remain near a 50-year low, giving Americans the confidence to keep spending at healthy levels. In fact, a recent Gallup report shows Americans’ holiday spending estimates have increased sharply from 2018 (L. Saad).
  • Steady consumer spending, in turn, has allowed businesses to keep up production and largely avoid the sort of broad-based layoffs that could send the economy into a recessionary spiral.

What is the impact on staffing and recruiting?

As we experience a strong labor market, competition for top talent is fierce. We are seeing employers work harder at retention because they know declining numbers in the talent pool require them to focus on keeping employees. We are all aware of the talent shortages in high-demand skill sets, however this does not make recruiting impossible, it just means clients must be smarter and quicker about attracting and retaining professionals.

 

Here are a few articles regarding attracting and retaining top talent. Have more questions? Contact us for ideas on how to attract and retain top talent. always, we’re here to serve with your staffing and search needs.

 

 

Filter Articles & Insights

Newsletters

Our monthly newsletters offer insight on industry trends, career planning and the job market as well as highlight featured job opportunities and industry events. If you’re interested in receiving our monthly newsletter, please complete the sign-up form below. 

IT Newsletter

This field is for validation purposes and should be left unchanged.

Technical Newsletter

This field is for validation purposes and should be left unchanged.

Resources

Staff Blogging

Four basic reasons people change jobs

    Is a job change really right for you? There are four basic reasons a person changes jobs: 1. SituationSituation has nothing to do with the job itself. Some people change jobs because they’re being laid off or have a spouse who’s being...

read more

Six Candidate Expectations in Today’s Talent Market

  What’s Most Important to Candidates in Today’s Talent Market WHAT’S MY FUTURE HERE? That’s the crucial question candidates are asking right now. In this competitive talent market full of multiple offer scenarios and counteroffers, candidates...

read more