After a jump in January, hiring has slowed in 2023 to near the slowest pace in the pandemic cycle. Last year, the BLS reported job gains averaging 400,000 per month. Other data from the Labor Department showed a marked slowdown in labor costs in the second quarter due to a solid rebound in worker productivity….
EMEA The Eurozone’s current economic situation and its outlook are being shaped by economic factors moving in opposite directions, according to a report from Deloitte. On the positive side, the Eurozone managed to get through the winter without energy shortages and severe recession feared by many analysts. Labor markets have continued to thrive, stabilizing consumer…
How Gen Zs and Millennials are driving change in the workplace Gen Zs and Millennials are the change agents helping shape the future of work, and organizations that embrace and enable their passion for social impact and a values-first workplace will reap the benefits of a highly engaged workforce, according to the Deloitte Global Gen…
The change in total nonfarm payroll employment for April was revised down by 77,000, to +217,000, and the change for May was revised down by 33,000, to +306,000. With these revisions, employment in April and May combined is 110,000 lower than previously reported. Both the unemployment rate, at 3.5 percent, and the number of unemployed…
EMEA Businesses are being urged to limit the amount of alcohol served at work social events in order to prevent people from acting inappropriately towards others. The warning from the Chartered Management Institute (CMI) comes as it releases a new poll, suggesting a third of managers have seen harassment or inappropriate behaviour at parties. The…
Workplace culture is powerful. It can be a significant factor in business success or create a dysfunctional environment that drains talent. For companies wanting victory over brain drain, it is crucial to proactively shape a productive employee culture that reflects talent demographics as much as it does the customer. Here is an article that was…
Many people report experiencing overwhelming workplace pressure and feeling paralyzed by the fear of underproducing, which leads to unhappy employees who are burnt out and in turn, less productive. This condition has been referred to as presenteeism – employees are physically present at work but are mentally checked out. Employees who work remotely seem to…
Beating analysts’ expectations, today’s data will fuel discussions about the underlying strength of the economy in the face of federal reserve efforts to tame inflation. The job market added more positions in recent months than previously thought, as well. March and April’s totals were both revised upward for a net gain of 93,000 jobs. The…
As many industries struggle to find the qualified candidates they seek, businesses are increasingly fighting to retain key staff members by making counteroffers. But that doesn’t mean it’s in your best interests. After all, if an employer is offering you more money to stay, they may not change much else about your current role, so…
It’s particularly painful to receive a rejection when you were expecting an offer, or at least a next step. Being able to rebound starts with acknowledging that there are many reasons someone else got this job. It could be political, as there may have been an internal applicant who had better relationships with the work…