Slow and Steady

Welcome back to the Recruitonomics Newsletter. 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.

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This Week on Recruitonomics:

Initial Unemployment Claims Are Giving Mixed Signals

Initial jobless claims have been rising slowly, and for the week ending August 6, seasonally adjusted initial claims were up by 14,000, to 262,000. But, the non-seasonally adjusted numbers paint a different picture. For the week ending August 6, there was a modest increase of 7,521 claims to 203,619 claims. Typical patterns of seasonal adjustment may not be holding up in this complicated pandemic environment.?

Read the full article here.

Cooling Inflation Shows Promise

The rate of inflation slowed in July, driven by falling gas prices. Core inflation, stripped of volatile food and energy costs, rose at a rate of 5.9% over the last 12 months, holding steady at an elevated level. High core prices show that inflation is embedded into the economy. The Fed? will be carefully considering this measure leading up to their next interest rate decision in September. The fight against inflation is still very much underway, but this report hopefully marks the beginning of a more substantial decrease in price pressures.??

Read the full article here.

Last Week on Recruitonomics:

Pay transparency laws are becoming increasingly popular and beginning to pass in states across the nation. Colorado passed a law – the “Equal Pay for Equal Work Act” – that since January 1st, 2021 requires a pay range on all new job postings. Sam Kuhn and Andrew Flowers analyzed this trend and determined how it impacted both those looking for a job, and those hiring. Their findings: Job seekers in Colorado were more engaged, but employers posted fewer jobs. Pay transparency laws have the potential to radically change the dynamics of recruiting.?

Read the full article here.

What Recruitonomics is Reading:

Average gas prices dipped below $4.00 a gallon on Thursday. After months of braving higher prices at the pump, this is sure to be a welcome reprieve for consumers:?

“But broadly speaking, the general drop in gas prices reflects a number of factors: weaker demand, because high costs have kept some drivers off the roads; a sharp decline in global oil prices in recent months; and the fact that a handful of states have suspended taxes on gasoline. On Thursday, the group of oil-producing countries known as OPEC revised down its forecast for oil demand this year,” reports Isabella Simonetti for the New York Times.?

More Data & Insights:

? A Perfect 10 Jobs Report?

? Can the U.S. be in a Recession with Such Strong Job Growth? ?

? How will Higher Interest Rates Impact the Labor Market?

?Performance Job Advertising 101 from Appcast

Thank you for reading! Stay tuned for next week's Recruitonomics Newsletter and check out Recruitonomics.com for more data-driven insights.