#labor-market

#labor-market

"curious kind of balance that results from a marked slowing in both the supply of and demand for workers."

Accurate economic data is essential for informed decision-making by leaders. The federal government established 13 statistical agencies, including the BLS, to provide this crucial information.

Denmark has the best labour market in Europe, with positions available in every field. The country has an aging population and has maintained strict migration laws.

With America's workforce in a demographic crunch and historic changes in immigration policy under way, it is "quite possible that the next five years will see no growth in workers at all."

In 2023, American colleges graduated 134,153 citizens or green card holders with bachelor's or master's degrees in computer science. That same year, our federal government handed out 200,000 H-1B visas.”

The modest rise in unemployment reflects a slowdown in recruitment activity, with businesses cautious about hiring due to increased business costs, weak economic growth forecasts, elevated borrowing costs, and ongoing uncertainty in global markets.

In the US, the number of contingent workers is poised to increase significantly, with 65% of companies intending to ramp up reliance on such labor in the coming years.

Juan Carlos, waiting outside Home Depot, carries a message on his T-shirt, 'We built this city,' representing hard-working individuals who constructed the urban landscape of New York.

"Artificial intelligence is going to replace literally half of all white-collar workers in the US," Farley said. That's why, he said, more people are looking to the skilled trades.