The document discusses strategies for employee retention, specifically career development programs. It notes that while salary increases are modest, advancement opportunities are a key reason employees change jobs. It recommends companies focus on mentoring, training, and clear career paths to retain top talent as this allows employees to take on more responsibility and earn higher pay over the long run. Specific tips provided include brainstorming career path programs, discussing mobility during hiring, and promoting success stories to attract candidates.
DCR TrendLine shares analyses of trends and happenings in the non-employee workforce industry. The April edition looks at the growing talent management software market and employment in the technology sector. We continue our global series on the ASEAN region by looking at talent trends in the Philippines, and also examine which countries around the world are the most worker-friendly. We explain the debate on if the U.S. economy is at full employment, and throw light on the current situation of the economy. Our feature article discusses the usage of talent analytics and delves into some common myths about big data and metrics. Finally, we reveal which industry in the country has the happiest workers.
DCR National Temp Wage Index
Full Employment: Jobs vs. Inflation
Best Practices in Recruiting for 2015
Changes in the Talent Management Software Market
Industry Highlight: Technology Index
The Philippines – Poised For Growth Through BPO
The World’s Most Worker-Friendly Countries
Measure What Matters
The Happiest Industries
DCR TrendLine shares analyses of trends and happenings in the non-employee workforce industry. The May edition looks at wage growth in the United States and employment in the automobile manufacturing sector. We continue our global series on the ASEAN region by looking at the impact on oil prices on Malaysia’s economy. We uncover why recent indexes have been rating the U.S. economy as disappointing. Our feature article discusses the definition of innovation and provides information on how companies can get started on incorporate innovation into their organizations. Finally, we examine how the talent acquisition sector has been disrupted by changes in the way employers access and engage with talent.
DCR National Temp Wage Index
U.S. Economy: Disappointing..?
Wage Growth Across The U.S.
Industry Highlight: Automobile Manufacturing Index
What Do Millennials Want?
Malaysia: Oil Prices Pose Threat to Economy
Innovation as Usual
Recruiting Disrupted,.
DCR TrendLine shares analyses of trends and happenings in the non-employee workforce industry. The June edition looks at the impact of oil prices on employment in the oil and gas industry and trends in talent management. We continue our global series on the ASEAN region by looking at Indonesia’s slowing economy. This month also features our quarterly topic “What’s Trending in the Temp Market.” We also discuss job prospects for the graduating class of 2015. Our feature article hones in on the need for simplicity in the workforce, and provides some ways to get started. Finally, we examine the long-term economic impact of the devastating earthquakes experienced by Nepal recently
DCR National Temp Wage Index
Employment Prospects for 2015 Grads
Indonesia’s Slowing Economy and Workforce Challenges
What’s Trending in the Temp Market – Q2 of 2015
Industry Highlight: Oil and Gas Index
4 Talent Management Trends
Simplicity is the Ultimate Sophistication
Nepal Earthquake: The Long-Term Economic Impact
DCR TrendLine July 2014 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. The July edition covers a range of topics, including the latest employment figures from the Bureau of Labor Statistics and the growing utilization of temporary workers across multiple industries. This month’s edition focuses on the Information Technology (IT) industry, highlight trends in the sector and sharing insight into employment and wages. We examine the skill gap in the industry and discuss how companies are attempting to bridge it. We also highlight how predictive analytics are being applied in human resource management and which talent acquisition metrics companies should be tracking. Our feature article this month is particularly applicable to companies with contingent workforce programs. We look at the challenges companies often face, and offer tips on keeping CW programs running smoothly.
DCR TrendLine June 2014 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. Our June edition covers a wide range of topics, including hiring plans for small- and mid-sized businesses and contingent workforce demographic trends. Since June is the month of graduations, we take a look at how job prospects are for the class of 2014. This month’s edition focuses on the manufacturing industry, highlighting trends in the sector and sharing insight into wages. We discuss how temporary employment has become a norm not only in the U.S. labor market, but internationally as well. Our feature article this month focuses on an issue that arises when employing temporary workers – compliance – and provides ideas on how to overcome this challenge to ensure peace of mind.
DCR Trendline October 2014 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. The October edition covers a range of topics, including the latest employment numbers from the Bureau of Labor Statistics and the continued growth of temporary employment. October is one of the most exciting months for sports fans, and it’s only fitting that this edition’s industry highlight is centered on sports-related employment. Our other areas of focus include how the definition and image of employees has progressed over the past decade, the increasing use of social media for recruiting, and on the value of talent supply chain management in meeting organizational talent needs. Our feature article this month is particularly applicable to companies with contingent workforce programs. We look at how vendor management systems can help companies fulfill the priorities and requirements of multiple stakeholders while meeting the shared single goal of eliminating complexity to increase operational effectiveness. - See more at: http://blog.dcrworkforce.com/dcr-trendline-october-2014#sthash.jW1AtNaQ.dpuf
5 Employment Stats Every Hiring Manager Needs to KnowRobert Half
Learn five key employment stats that can help inform you about the current hiring climate and increase your chances of landing the talent you need to grow your business.
DCR TrendLine shares analyses of trends and happenings in the non-employee workforce industry. The April edition looks at the growing talent management software market and employment in the technology sector. We continue our global series on the ASEAN region by looking at talent trends in the Philippines, and also examine which countries around the world are the most worker-friendly. We explain the debate on if the U.S. economy is at full employment, and throw light on the current situation of the economy. Our feature article discusses the usage of talent analytics and delves into some common myths about big data and metrics. Finally, we reveal which industry in the country has the happiest workers.
DCR National Temp Wage Index
Full Employment: Jobs vs. Inflation
Best Practices in Recruiting for 2015
Changes in the Talent Management Software Market
Industry Highlight: Technology Index
The Philippines – Poised For Growth Through BPO
The World’s Most Worker-Friendly Countries
Measure What Matters
The Happiest Industries
DCR TrendLine shares analyses of trends and happenings in the non-employee workforce industry. The May edition looks at wage growth in the United States and employment in the automobile manufacturing sector. We continue our global series on the ASEAN region by looking at the impact on oil prices on Malaysia’s economy. We uncover why recent indexes have been rating the U.S. economy as disappointing. Our feature article discusses the definition of innovation and provides information on how companies can get started on incorporate innovation into their organizations. Finally, we examine how the talent acquisition sector has been disrupted by changes in the way employers access and engage with talent.
DCR National Temp Wage Index
U.S. Economy: Disappointing..?
Wage Growth Across The U.S.
Industry Highlight: Automobile Manufacturing Index
What Do Millennials Want?
Malaysia: Oil Prices Pose Threat to Economy
Innovation as Usual
Recruiting Disrupted,.
DCR TrendLine shares analyses of trends and happenings in the non-employee workforce industry. The June edition looks at the impact of oil prices on employment in the oil and gas industry and trends in talent management. We continue our global series on the ASEAN region by looking at Indonesia’s slowing economy. This month also features our quarterly topic “What’s Trending in the Temp Market.” We also discuss job prospects for the graduating class of 2015. Our feature article hones in on the need for simplicity in the workforce, and provides some ways to get started. Finally, we examine the long-term economic impact of the devastating earthquakes experienced by Nepal recently
DCR National Temp Wage Index
Employment Prospects for 2015 Grads
Indonesia’s Slowing Economy and Workforce Challenges
What’s Trending in the Temp Market – Q2 of 2015
Industry Highlight: Oil and Gas Index
4 Talent Management Trends
Simplicity is the Ultimate Sophistication
Nepal Earthquake: The Long-Term Economic Impact
DCR TrendLine July 2014 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. The July edition covers a range of topics, including the latest employment figures from the Bureau of Labor Statistics and the growing utilization of temporary workers across multiple industries. This month’s edition focuses on the Information Technology (IT) industry, highlight trends in the sector and sharing insight into employment and wages. We examine the skill gap in the industry and discuss how companies are attempting to bridge it. We also highlight how predictive analytics are being applied in human resource management and which talent acquisition metrics companies should be tracking. Our feature article this month is particularly applicable to companies with contingent workforce programs. We look at the challenges companies often face, and offer tips on keeping CW programs running smoothly.
DCR TrendLine June 2014 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. Our June edition covers a wide range of topics, including hiring plans for small- and mid-sized businesses and contingent workforce demographic trends. Since June is the month of graduations, we take a look at how job prospects are for the class of 2014. This month’s edition focuses on the manufacturing industry, highlighting trends in the sector and sharing insight into wages. We discuss how temporary employment has become a norm not only in the U.S. labor market, but internationally as well. Our feature article this month focuses on an issue that arises when employing temporary workers – compliance – and provides ideas on how to overcome this challenge to ensure peace of mind.
DCR Trendline October 2014 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. The October edition covers a range of topics, including the latest employment numbers from the Bureau of Labor Statistics and the continued growth of temporary employment. October is one of the most exciting months for sports fans, and it’s only fitting that this edition’s industry highlight is centered on sports-related employment. Our other areas of focus include how the definition and image of employees has progressed over the past decade, the increasing use of social media for recruiting, and on the value of talent supply chain management in meeting organizational talent needs. Our feature article this month is particularly applicable to companies with contingent workforce programs. We look at how vendor management systems can help companies fulfill the priorities and requirements of multiple stakeholders while meeting the shared single goal of eliminating complexity to increase operational effectiveness. - See more at: http://blog.dcrworkforce.com/dcr-trendline-october-2014#sthash.jW1AtNaQ.dpuf
5 Employment Stats Every Hiring Manager Needs to KnowRobert Half
Learn five key employment stats that can help inform you about the current hiring climate and increase your chances of landing the talent you need to grow your business.
DCR TrendLine May 2014 - Temporary Workforce Insightss
Can you believe it’s already the second quarter of the year? As the year continues to speed by, this month’s edition of TrendLine focuses on trends and predictions in the talent management industry, by looking at what’s buzzing in HR tech and examining how crowdsourcing is playing a role in the temporary staffing market. Continuing on the theme of technology, we peek at the IT job market to see how and where demand for professionals is growing. We also look into our crystal ball to give you insights into what the staffing landscape will look like in 2022. And this month, we conclude our series on the BRIC countries, by taking a glance at India and it’s potential for temporary work development. At TrendLine, we’re always focused on what’s trending in anything to do with contingent worker supply and demand, and on that note are really excited to unveil a new quarterly topic – What’s Trending in the Temp Market? – that consolidates our research into a short list of critical trends in key talent sectors of the staffing industry. Take a look and let us know what you think!
What are the forces shaping the world economy today? The following slides present a labor market snapshot, an outlook for global hiring, a summary of today's big markets and players, and a look to the future of work.
Read the full report at http://blog.indeed.com/hiring-lab/labor-market-outlook-2016/
Michael Page - Global Employment Trends - Financial Sector 2013Raquel Kroich
3.800 profissionais do Mercado Financeiro foram entrevistados em Março de 2013. Participaram executivos de 47 países, nas Américas, Europa, Oriente Médio, África e Ásia-Pacífico.
O objetivo da pesquisa é entender como os últimos anos em ambiente de crise impactaram o dia-a-dia dos profissionais do mercado financeiro em termos de motivação, salário, pagamento de bônus, oportunidades e carreira, bem como entender como os profissionais avaliam a atual situação e o futuro do mercado financeiro em todo o mundo.
Publicado em junho/2013
DCR TrendLine March 2014 - Temporary Workforce Insightss
This month’s edition highlights what’s hot for talent acquisition and lists the fastest growing jobs in the country and where they can be found. We also continue this theme of growth by examining the emerging trends driving the increasing use of contingent workforces, particularly in the healthcare industry. And as a continuation of our monthly special feature on the BRIC countries, we turn our gaze to the Sochi Winter Olympics to discover how workers were staffed.
"Freelancing in Australia: 2015" is the only study of its kind that quantifies the Australian independent workforce. How many Australians are freelancing? Why? And what is the outlook for freelancing in Australia? This study, conducted by an independent research firm and commissioned by Upwork, surveyed more than 1,000 Australian workers to answer these questions and more. Results showed that nearly 4.1 million people did freelance work in the past year, driven first and foremost by the lure of a more flexible lifestyle.
"Freelancing in America: 2016" is the most comprehensive measure of the U.S. independent workforce. How many Americans are freelancing? Why? What is their potential impact on elections? This study, conducted by an independent research firm and commissioned in partnership by Upwork and the Freelancers Union, surveyed more than 6,000 U.S. workers to answer these questions and more. Results showed that more people than ever are choosing to freelance -- 55 million this year, or 35% of the total U.S. workforce.
State of the Global Workplace - Gallup Report (2017)Adrian Boucek
Only 15% of employees worldwide are engaged at work. This represents a major barrier to productivity for organizations everywhere – and suggests a staggering waste of human potential. Why is this engagement number so low?
"Freelancing in America: 2015" is the most comprehensive measurement of the independent labor force in the U.S. How many Americans are freelancing? Why? And what is the outlook for freelancing in America? This study, conducted by an independent research firm and commissioned in partnership by Upwork and the Freelancers Union, surveyed over 7,000 U.S. workers to answer these questions and more. Results showed that approaching 54 million people did freelance work in the past year, driven first and foremost by the lure of a more flexible lifestyle.
ADJUSTING TO THE CHANGING MARKET
Good News!
Employment numbers revised upward for July and August in the Bureau of Labor Statistic reports and a robust report for September clearly indicate
Michigan’s top economic leaders today issued a series of findings that forecast the state’s readiness to fill high-paying, high-demand jobs with educated and skilled workers.
And, while data show the state is generally prepared to meet the demand for high-wage jobs over the next three years, the ability to meet demand over the long-term is less certain.
Freelancing in Australia: A National Survey of the New WorkforceElance-oDesk
More than 3.7 million Australians are doing freelance work, according to a new, landmark survey commissioned by Elance-oDesk (www.elance-odesk.com). The connected era we live in is liberating our workforce, and this is just the start. This deck contains data results of the most comprehensive survey of the Australian independent workforce.
The Commonwealth Institute South Florida's 2018 Women-Led Business Survey Res...WBDC of Florida
The Commonwealth Institute South Florida's 2018 Women-Led Business Survey Results
The Commonwealth Institute South Florida partnered
with Kaufman Rossin to administer and analyze its 2018
Women-Led Businesses Survey. This survey provides
insight into the community of women-led businesses in
Florida, identifying trends and common concerns. It also
serves as the source for TCI's annual awards lists: Top 50
Women-Led For-Profit Organizations, Top 10 WomenLed
Not for Profit Organizations, and a new list this year:
Top 10 Women-Led Startups.
Surveys were distributed directly to 8,905 email
addresses, and shared with several organizations
including Chambers of Commerce to distribute to their
members. The recipients were identified as the CEO,
president or owner of a woman-led business with two or
more employees. Additional distribution went to the TCI
database of leading women.
301 responses were received. Only companies that
provided specific revenue information were included in
the rankings. Self-reported data was verified through
on-line research and personal contacts.
This presentation will discuss careers in demand for 2018.
Manpower predicts strong hiring through 2018 - http://blog.careerbeacon.com/canadian-employers-say-this-spring-will-be-a-great-time-for-finding-a-new-job/
All level government need to do a better job aligning education with current and future jobs https://www.slideshare.net/paulyoungcga/government-policies-education-skills-development-canada-november-2017
The presentation will also look at risk factors to economies, i.e. taxation, government spending, consumer demand and business investment.
DCR TrendLine May 2014 - Temporary Workforce Insightss
Can you believe it’s already the second quarter of the year? As the year continues to speed by, this month’s edition of TrendLine focuses on trends and predictions in the talent management industry, by looking at what’s buzzing in HR tech and examining how crowdsourcing is playing a role in the temporary staffing market. Continuing on the theme of technology, we peek at the IT job market to see how and where demand for professionals is growing. We also look into our crystal ball to give you insights into what the staffing landscape will look like in 2022. And this month, we conclude our series on the BRIC countries, by taking a glance at India and it’s potential for temporary work development. At TrendLine, we’re always focused on what’s trending in anything to do with contingent worker supply and demand, and on that note are really excited to unveil a new quarterly topic – What’s Trending in the Temp Market? – that consolidates our research into a short list of critical trends in key talent sectors of the staffing industry. Take a look and let us know what you think!
What are the forces shaping the world economy today? The following slides present a labor market snapshot, an outlook for global hiring, a summary of today's big markets and players, and a look to the future of work.
Read the full report at http://blog.indeed.com/hiring-lab/labor-market-outlook-2016/
Michael Page - Global Employment Trends - Financial Sector 2013Raquel Kroich
3.800 profissionais do Mercado Financeiro foram entrevistados em Março de 2013. Participaram executivos de 47 países, nas Américas, Europa, Oriente Médio, África e Ásia-Pacífico.
O objetivo da pesquisa é entender como os últimos anos em ambiente de crise impactaram o dia-a-dia dos profissionais do mercado financeiro em termos de motivação, salário, pagamento de bônus, oportunidades e carreira, bem como entender como os profissionais avaliam a atual situação e o futuro do mercado financeiro em todo o mundo.
Publicado em junho/2013
DCR TrendLine March 2014 - Temporary Workforce Insightss
This month’s edition highlights what’s hot for talent acquisition and lists the fastest growing jobs in the country and where they can be found. We also continue this theme of growth by examining the emerging trends driving the increasing use of contingent workforces, particularly in the healthcare industry. And as a continuation of our monthly special feature on the BRIC countries, we turn our gaze to the Sochi Winter Olympics to discover how workers were staffed.
"Freelancing in Australia: 2015" is the only study of its kind that quantifies the Australian independent workforce. How many Australians are freelancing? Why? And what is the outlook for freelancing in Australia? This study, conducted by an independent research firm and commissioned by Upwork, surveyed more than 1,000 Australian workers to answer these questions and more. Results showed that nearly 4.1 million people did freelance work in the past year, driven first and foremost by the lure of a more flexible lifestyle.
"Freelancing in America: 2016" is the most comprehensive measure of the U.S. independent workforce. How many Americans are freelancing? Why? What is their potential impact on elections? This study, conducted by an independent research firm and commissioned in partnership by Upwork and the Freelancers Union, surveyed more than 6,000 U.S. workers to answer these questions and more. Results showed that more people than ever are choosing to freelance -- 55 million this year, or 35% of the total U.S. workforce.
State of the Global Workplace - Gallup Report (2017)Adrian Boucek
Only 15% of employees worldwide are engaged at work. This represents a major barrier to productivity for organizations everywhere – and suggests a staggering waste of human potential. Why is this engagement number so low?
"Freelancing in America: 2015" is the most comprehensive measurement of the independent labor force in the U.S. How many Americans are freelancing? Why? And what is the outlook for freelancing in America? This study, conducted by an independent research firm and commissioned in partnership by Upwork and the Freelancers Union, surveyed over 7,000 U.S. workers to answer these questions and more. Results showed that approaching 54 million people did freelance work in the past year, driven first and foremost by the lure of a more flexible lifestyle.
ADJUSTING TO THE CHANGING MARKET
Good News!
Employment numbers revised upward for July and August in the Bureau of Labor Statistic reports and a robust report for September clearly indicate
Michigan’s top economic leaders today issued a series of findings that forecast the state’s readiness to fill high-paying, high-demand jobs with educated and skilled workers.
And, while data show the state is generally prepared to meet the demand for high-wage jobs over the next three years, the ability to meet demand over the long-term is less certain.
Freelancing in Australia: A National Survey of the New WorkforceElance-oDesk
More than 3.7 million Australians are doing freelance work, according to a new, landmark survey commissioned by Elance-oDesk (www.elance-odesk.com). The connected era we live in is liberating our workforce, and this is just the start. This deck contains data results of the most comprehensive survey of the Australian independent workforce.
The Commonwealth Institute South Florida's 2018 Women-Led Business Survey Res...WBDC of Florida
The Commonwealth Institute South Florida's 2018 Women-Led Business Survey Results
The Commonwealth Institute South Florida partnered
with Kaufman Rossin to administer and analyze its 2018
Women-Led Businesses Survey. This survey provides
insight into the community of women-led businesses in
Florida, identifying trends and common concerns. It also
serves as the source for TCI's annual awards lists: Top 50
Women-Led For-Profit Organizations, Top 10 WomenLed
Not for Profit Organizations, and a new list this year:
Top 10 Women-Led Startups.
Surveys were distributed directly to 8,905 email
addresses, and shared with several organizations
including Chambers of Commerce to distribute to their
members. The recipients were identified as the CEO,
president or owner of a woman-led business with two or
more employees. Additional distribution went to the TCI
database of leading women.
301 responses were received. Only companies that
provided specific revenue information were included in
the rankings. Self-reported data was verified through
on-line research and personal contacts.
This presentation will discuss careers in demand for 2018.
Manpower predicts strong hiring through 2018 - http://blog.careerbeacon.com/canadian-employers-say-this-spring-will-be-a-great-time-for-finding-a-new-job/
All level government need to do a better job aligning education with current and future jobs https://www.slideshare.net/paulyoungcga/government-policies-education-skills-development-canada-november-2017
The presentation will also look at risk factors to economies, i.e. taxation, government spending, consumer demand and business investment.
How to Repurpose Content to Save Time & Maximize LeadsDave Kerpen
Could your content calendar use a little extra ... oomf? Ideas can flow like water if you have the right mindset to repurpose, reuse, and recycle your social content and promote it to the right channels.
Learn how to repurpose social content in this live webinar with Likeable Local's Dave Kerpen and HubSpot's Rebeca Corliss.
DCR TrendLine September 2014 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the staffing industry. The September edition covers a range of topics, including the latest employment numbers from the Bureau of Labor Statistics and worker satisfaction with their wages. This month’s edition focuses on some topics gaining a lot of attention lately such as workplace flexibility, the upcoming global labor shortage, and the top metro cities with job opportunities for contingent workers. Be sure to keep an eye out for our quarterly feature – “What’s Trending in the Temp Market” – to see the hottest trends for Q3. September is back-to-school month in many U.S. cities, and to commemorate the start of the new school year, our monthly industry highlight is on education services. We also follow-up on last month’s article about Generation Z by providing tips for employers to engage and manage these workers. Our feature article this month looks at one of the biggest buzzwords for companies – global. We discuss how HR can be organized and designed to better meet the global objectives of companies, while still taking local actions.
Visit the DCR TrendLine portal at http://trendline.dcrworkforce.com to easily access all of our current and previous analyses, and view comprehensive charts of real-time trends.
DCR TrendLine January 2014 – Contingent Worker Forecast and Supply Reportss
Hello 2014! As we approach a fresh year, the editorial staff at TrendLine is excited to share our analysis and insights into the staffing industry. Our up-to-date research and in-depth analysis of industry trends ensure that you have a clear reading of what’s happening in the world of contingent worker supply and demand and talent acquisition.
- DCR National Temp Wage Index
- 2014: What to Expect in the Workforce
- The Manufacturing Revival
- Temp Jobs Continue Steady Upward Trend
- Special Topic: Brazil e-commerce Market Watch
DCR TrendLine February 2015 - Non Employee Workforce Insightss
DCR TrendLine shares analyses of trends and happenings in the non-employee workforce industry. The February issue looks at minimum wage across the country and employment in the real estate sector. We’re also checking in on the labor markets in Europe. We compare the expectations and realities of the working world for new college grads, and also present what’s trending in Q1 of 2015. Our feature article discusses the importance of paying attention to the perception that candidates have of a company. And discover the questions that arise from the ongoing growth of the non-employee workforce.
DCR Trendline September 2013 – Contingent Worker Forecast and Supply Reportss
We bring you the Trendline Report for September 2013, offering key insights into the temporary staffing industry. Our up-to-date research and in-depth analysis of industry trends ensure that you have a pulse of the market. Rigorous examination of contingent workforce supply and demand provides you with predictive forecasts of wage trends and market status.
Across employers and industries, we have heard stories about the value young people bring to the workplace. Employers in manufacturing cited the need for serious hand-eye coordination and reported positive experiences with young people filling these roles. Others cited the benefit of having youth in their companies who can use evolving technologies. For others, especially firms that need a lot of entry-level employees, young workers are their lifeblood.
Youth Hold the Key: Building Your Workforce Today and in the Future focuses on the role that youth can play in helping employers meet some of their current and looming workforce challenges, and how companies can improve how they hire and retain youth. The findings are based on a recent survey of 350 employers, more than 80 interviews with employers and workforce experts conducted during 2014 by The Bridgespan Group and Bain & Company, as well as a review of published literature. Much of this work focused on the potential of the millions of young people—referred to here as "opportunity youth"—who are disconnected from both work and school, and lack a college degree, to address the needs of employers.
2. January's labor situation for the U.S. was more than just a
single piece of good news, according to Bloomberg Business.
The source said it marks a sea change in the labor market in
which the middle class and working class are finally starting to
get ahead. The unemployment rate increased slightly, but gains
were still made across a variety of industries. Overall,
economists noted that January's numbers show impressive
economic strength.
Unemployment rate rises slightly, but labor participation
improves
A total of 257,000 jobs were added and the unemployment figure for
the start of 2015 came in at 5.7 percent, a .1 percent increase from
December's rate of 5.6 percent. During January, the nation's overall
workforce grew by 703,000 people. This prompted labor force
participation to increase slightly, from 62.7 percent to 62.9 percent.
Industries experiencing gains
Although the unemployment rate remained largely unchanged, a
number of sectors saw their payrolls rise. The retail industry saw the
most growth, adding 46,000 positions. Within this sector, sporting
goods, hobby, book, and music stores added the most jobs, though
motor vehicle and parts dealers and non-store retailers also
experienced notable growth.
The construction sector grew by 39,000 jobs, with gains in both
residential and nonresidential building. Within the sector,
specialty trade contractors employment trended up, added
13,000 jobs.
The healthcare sector, which has been steadily expanding for
months, added 38,000 more jobs during the month of January. The
majority of these positions came from doctors' offices and hospitals,
although gains were also seen in nursing and residential care
facilities. Financial activities employed an additional 26,000 workers
this past month, while the manufacturing industry grew by 22,000.
Other industries that experienced job creation were
professional and technical services, which added 33,000
workers, and food services and drinking places which added
35,000 jobs.
Wages on the rise
Compensation rates increased in January, following a notable
decline in December. While the end of 2014 saw a decrease of 5
cents, January's average hourly wage went up by 12 cents, coming
to $24.75. Average hourly earnings for private-sector production and
nonsupervisory employees went up by 7 cents and currently rests at
$20.80.
Fortune magazine noted that these much-welcome wage increases
have been anticipated by economists. As compensation rates climb,
it is more likely that the Federal Reserve will raise interest rates.
Numbers exceed economists’ expectations
Bloomberg reported that January's report impressed economists,
who had predicted an increase of 228,000. While the
unemployment rate climbed slightly, the source noted that it was
likely due to the increasingly positive labor situation in the U.S.,
which has inspired more people to return to the workforce.
The source explained that inflation rates have been kept low due to
increasingly weak overseas economies. Inflation is expected to
continue to go down as 2015 continues, and industry professionals
anticipate that the U.S. will soon have an unemployment rate as low
as 5.4 percent.
The full Bureau of Labor Statistics report can be downloaded here:
EMPLOYMENT SITUATION REPORT JANUARY 2015