Election Run-Up: Immigration and the Economy
Welcome back to the Recruitonomics Newsletter! This week, we’re beginning our ongoing election coverage, starting with looking at proposed immigration strategies and their impact on the economy.
Powered by Appcast , Recruitonomics.com is a hub for data-driven research that aims to make sense of our evolving world of work. Combining labor economics and recruitment best practices, Recruitonomics is constantly releasing new data and insights to bring clarity to the chaos of a changing economic landscape.
This Week on Recruitonomics:?
Top Two Voter Priorities Intertwined: Immigration and the Economy
Two of the top priorities for voters during this election cycle are immigration and, of course, the economy. The issue of immigration has broad bipartisan agreement: 96% of Trump supporters and 86% of Harris voters support increased border security. However, the two candidates have proposed starkly different immigration policies. Trump’s plan includes large-scale deportations, invoking the Alien Enemies Act of 1978. The scale of deportations has not been seen since the 1950s, when the Eisenhower administration conducted raids across the Southeast, resulting in the deportation of thousands of migrants. Harris, on the other hand, seems set on continuing President Biden’s current agenda, promoting “earned pathways to citizenship” while securing the border. Many voters may not realize how intertwined immigration and the economy, especially the labor market, actually are. In the latest article from Recruitonomics, economist Sam Kuhn reviews the two proposals and uses data to project how reduced immigration and large-scale deportation efforts could affect the economy and recruiting landscape in 2025.?
Read the full article here .?
What does this mean for recruiters??
For recruiters, the implications of immigration and border policies are profound. A reduction in the immigrant workforce—whether due to policy changes like deportations or shifts in immigration trends—could lead to renewed labor shortages, particularly in industries heavily dependent on immigrant labor, such as agriculture, construction, and the service sector.?
How the US Election Could Shape Your 2025 Recruitment Strategy
On Tuesday, October 15th, Appcast Chief Economist Andrew Flowers hosted a webinar on the projected impact of both presidential candidates’ policies on the economy and specifically recruiting. This on-demand webinar can help recruiters consider the changes coming in 2025 and for years beyond.?
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Recruiting Tips:?
In our recent whitepaper, Best Practices in Job Ad Content, 2024, we reiterated a trend we have been tracking for years now: Job seekers prefer a short application over a long one. In fact, there is a 24.2% decrease in the apply rate when the time to complete an application goes from 1-5 minutes to 6-10 minutes. In an older blog from Appcast, we suggest some ways to shorten the application process. Check out How to Shorten Your Apply Process today!?
What Recruitonomics is Reading:
To keep with our election theme in this newsletter, a recent article from the Wall Street Journal compares the economic record of the presidencies of Biden and of Trump. Former President Trump has urged voters to remember the stable prices during his presidency, while Vice President Harris has pointed to the strong job growth and GDP gains during her and Biden’s administrations. Of course, for both candidates, there were factors far removed from the Oval Office that impacted the U.S. economy, but it is still a useful point of comparison for undecided voters. Justin Lahart therefore compares the two presidents on GDP growth, employment growth, inflation, household income, and wealth creation. Read the full analysis here .?
More Data & Insights:
Thank you for reading! Stay tuned for next week's Recruitonomics Newsletter and check out Recruitonomics.com for more data-driven insights.
Director of Employment Brand + Marketing @ Cox Enterprises // Recruitment Marketing, Digital Strategy & Candidate Experience
1 个月Andrew's analysis in the webinar was very valuable. Kudos for talking about the impacts of a hotly-contested presidential election without spiraling into demonizing one candidate vs the other. ??