Last week we had a strong jobs report. 261,000 new jobs is not a great number, but it’s a pretty good number. Considering the fact that this included significant disruption from multiple hurricanes, the number is impressive. This brings us down to 4.1% unemployment. The lowest number since 2000.
Yes, we still have a good number of non-participants in the population, not looking for a job, and a good number of underemployed. Regardless, the raw number is still really good and shouldn’t be ignored. The stock market is reaching new highs indicating that we are seeing some signs of real growth. With employment numbers like this there is solid reason to believe that we are finally headed for real growth, not just cost cutting to make operations lean and squeeze out profits. It has now been over 10 years since we saw real growth. It’s no coincidence that we are now seeing strong construction across the board and that we have not seen strong construction like this in over 10 years.
The one thing that we don’t have, and do need to see, is wage growth. We have a tight labor market without wage gains and that is a disconnect. It also indicates that if we are going to see real growth there is a lot of room for a lot more growth.
All the recruiting news you see here, delivered straight to your inbox.
Just enter your e-mail address below
1801 members
316 members
180 members
190 members
222 members
34 members
62 members
194 members
619 members
530 members
© 2024 All Rights Reserved Powered by
Badges | Report an Issue | Privacy Policy | Terms of Service
With over 100K strong in our network, RecruitingBlogs.com is part of the RecruitingDaily.com, LLC family of Recruiting and HR communities.
Our goal is to provide information that is meaningful. Without compromise, our community comes first.
One Reservoir Corporate Drive
4 Research Drive – Suite 402
Shelton, CT 06484
Email us: info@recruitingdaily.com
All the recruiting news you see here, delivered straight to your inbox.
Just enter your e-mail address below
You need to be a member of RecruitingBlogs to add comments!
Join RecruitingBlogs