December News and Updates

Dear Subscriber,

November’s 263,000 job gains suggest the labor market has not gotten the memo about broader uncertainty and recession expectations.

Competition for talent remains elevated. The talent pool is not growing fast enough, keeping wage growth high, despite the Fed trying to slow things down.

While there are broader economic challenges and uncertainty, 2022 will still close out one of the strongest years for hiring in history.

With 64 million hires expected next year, the job market will remain competitive and companies paying below market rate will be at risk.

Read more from Mallory Vachon, Ph.D., Sr. Economist and our partner LaborIQ:

As always, our goal is to help you help your organization develop the team it needs to take on whatever the future holds. If you have interest in our products and services, please email or call and let’s get started talking about next steps.

Warm regards,

Matthew Burzon, SHRM-SCP, Founder/Principal

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