Brexit -- the United Kingdom's vote to leave the European Union -- initially sent shockwaves through the global economic markets. The value of the pound plummeted immediately following the June 23 vote, as did commodities and stock trading around the globe. Markets can have an impact on hiring, both positively and negatively, so the chaos Brexit caused worldwide might understandably give job seekers pause.
Criterion released a report touting the benefits of human capital management software, or HCM software for short. Some background: HCM is a human resources system designed to clearly communicate employee goals, track progress and set benchmarks for improvement. HCM software tracks such milestones, and provides a streamlined platform between management and staff.
Peruse the CareerCast.com Jobs Rated Best Jobs of 2016 , and you'll notice a variety of careers in statistical and data analysis ranked in the Top 10. Growing emphasis in a variety of sectors contributes to the high rank of fields like data scientist and statistician.
Employment figures reported for April 2016 remained positive, but shy of the lofty gains made in recent months. How might this impact your hunt heading into summer, as the job market heats up commensurate with the temperature? In the last half-decade, April has ushered in the month-over-month growth typical of the spring and summer months with some of the bigger job gains seen all year, including a 346,000 job increase in 2011 and 310,000 in 2014. The reported 160,000 new jobs added to the American economy this April total the lowest single month gain posted yet in 2016.
The U.S. Bureau of Labor Statistics (BLS) released March 2016 employment estimates of about 215,000 new hires for the month, but an unemployment rate creeping ever-so-slightly from 4.9 to 5 percent. More Americans actively seeking jobs explains the incremental unemployment increase despite increased hiring. More hires could continue to bring those who stopped looking for new employment into the fold, thereby adding competition to what is otherwise a seeker's market.
Yet another economic component the Great Recession negatively impacted shows signs of improvement. The revised, fourth-quarter 2015 GDP of 1.4% outpaced estimates and finished the year on a decided upswing. The momentum of 2015 has continued into 2016, with consumer spending up -- albeit at a small rate -- per Gallup survey data . So what does that mean for the job market?
Positives can and should be gleaned from improved labor market numbers, but a return to pre-recession employment percentages do not indicate a complete recovery from the worst economic slump since the Great Depression. Reintegrating workers who stopped looking or couldn't look for employment altogether is the next phase in the job market recovery, which Five Thirty Eight's Ben Casselman addresses in his column .
U.S. Department of Labor employment numbers for February 2016 far exceeded economist expectations. The labor market added around 242,000 jobs for the month, more than 50,000 than the month's projection. Revisions to the December and January totals were also announced Friday. Despite stock market turbulence and tumbling oil prices -- or perhaps because of those factors -- the strong February hiring numbers are the best indicator yet that the 2016 job market is friendly to seekers.