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»
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:
- The fertility rate
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»