"Despite the strong economic growth we saw in the second quarter, this month's release further validates what we've been seeing in the labor market, that U.S. employers have been cautious with hiring,"
"September reveals a market under pressure, with signs of continued softness,"
"Even without today's BLS report, the labor market isn't silent; it's speaking through real-time signals. The labor market is reshaping in real time, and opportunity lies in how organizations reimagine entry points, invest in internal mobility, and build their workforces for what comes next."
Private employers cut 32,000 jobs in September according to ADP, with larger firms adding 33,000 jobs while mid-sized firms cut 20,000 and small firms cut 40,000. Year-over-year pay gains for retained workers remained about 4.4 percent, while pay gains for job-changers were 6.6 percent. Hiring rose for knowledge workers by 3,000 and for education and health services by 33,000. Economic growth in the second quarter contrasted with employers' cautious hiring behavior. Industry observers described the market as under pressure and urged organizations to rethink entry points, invest in internal mobility, and redesign workforces for future needs.
Read at Computerworld
Unable to calculate read time
Collection
[
|
...
]