Insights on Corporate Talent, Learning, and HR Technology
While I’m not formally trained as an economist, I spend so much time with companies HR departments I feel like we are “micro-economics” experts. So in a confusing time of paradoxical data (low unemployment during growing layoffs), let me explain what’s happening.
The US Labor Market Is A Churning Engine
While it’s tempting to think ... Read more»
This week we saw the US unemployment rate drop to 3.4%, a 53 year low. Yet many large companies are announcing layoffs. Is this “the big shift” from Tech to Retail, Hospitality, Healthcare, And Travel? Or is this just the new normal: too many jobs and not enough people? In this podcast I’ll explain what’s ... Read more»
Why do we have a labor shortage as we enter an economic slowdown? It’s an interesting paradox.
For the first time I can remember we’re entering a global economic slowdown yet the unemployment rate has dropped to the lowest it’s been in 53 years (3.4%) There is a shortage of people to take the jobs ... Read more»
People have been talking about the future of work for decades, and it’s always an interesting, controversial, and complicated topic. Well, this week I spoke at a very unique event in Europe that gives us new ideas how to address this large and complex issue.
On November 23 I was honored to address the King ... Read more»
Economist seem baffled about job creation, even in the economic slowdown. This month the US unemployment rate dropped to 3.5%, the lowest level in more than 50 years. The Fed, which keeps raising rates and trying to reduce asset prices, simply cannot stop the growth.
(And this is not only in the US: ... Read more»
Everyone keeps talking about the economy these days. Interest rates are rising, inflation feels out of control, and there’s a hint of recession in the air. Yet job growth remains strong and unemployment is low. What’s really going on?
After years of study and hundreds of conversations with business leaders, I’ve come to a ... Read more»
In this podcast I dig into the low unemployment rate and the new role technology plays at work. We’re no longer in a world were tools are used to replace people: our new world of work is far more “human-centered,” giving employers and policy-makers an opportunity to leverage PowerSkills in a very important and strategic ... Read more»
We have entered one of the most confusing job markets in decades. While the unemployment rate continues to drop (3.5% here, 2.4% in Japan), companies are also worried about the slowdown. So they’re “hiring” and “laying off” simultaneously. What a confusing time.
Consider the following data, taken from a recent PWC pulse survey among ... Read more»
We all know the unemployment rate is very high. Overall nearly 40 million Americans have filed for unemployment this year (roughly 1/4 of the workforce), and while some have gone back to work, most stores and offices are still not fully open. But it’s important to know the “rate,” because policymakers and business leaders ... Read more»
How to make sense of the unemployment rate and the transformation taking place in the economy today. And is the BLS telling us the truth?... Read more»
I’ve been looking at the BLS unemployment data regularly since before the 2008 recession, and I watch the shift in jobs from industry to industry. Why? It shows us how the economy is changing and teaches us how to plan our careers, our hiring, our training investments, and the future lives of our children.
In ... Read more»
We are living in one of the most disruptive times in the last decade. This week we saw more than 6 million people file for unemployment (bringing the total to some 10 million), yet a handful of companies are hiring as fast as possible. Through a partnership with Emsi, a leader in labor market ... Read more»
In all my years as a working professional, I’ve never lived in an economy where “there are not enough workers.” But that’s where we are.
For the next ten years, the term “shortage of talent” is going to be one of the most important topics in business.
Consider a few striking statistics:
Our soon to be published TalentWatch® research for Q4 2010 shows a tremendous growth in hiring going on: in mid 2010 32% of organizations cited talent shortages as critical to growth; this month that number jumped to 51%, and increase of almost 50%. In the same survey we asked employers to tell us how ... Read more»
Despite the uptick in business optimism from our mid-year TalentWatch® report, the US economy continues to be slow. This month we learned that there are 14.5 million Americans looking for work and 1.4 million of them have been out of work for more than two years. And the Labor Department just revised last year’s ... Read more»
