Teacher Shortages Loom as Students Return to the Classroom
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:
As Students Return to the Classroom, Teacher Shortages Loom
School districts around the nation are dealing with teacher shortages right as students return to the classroom. After two school years impacted by COVID-19 restrictions, this year promises to be more normal in many ways. However, teachers were affected by the stress of pandemic abnormalities, and the profession has become harder and harder to recruit for since 2020. Now, school districts are grappling with teacher shortages. The most “normal” school year in two years is missing some teachers.?
Read the full article here.
Revisions Reconcile Strong Jobs Numbers with Weak GDP Growth
Two important revisions were released this week. First, the preliminary benchmark revisions to the jobs report. Then, the second estimate of Q2 gross domestic product (GDP) growth was released. Taken together, these two revisions can help shed light on the disconnect between the strong labor market and lackluster GDP growth. The U.S. economy has actually added more jobs than previously expected. On top of that, economic growth may not be as slow as previously believed: there has been a large discrepancy between GDP and Gross Domestic Income, which in theory should be equal. GDP has been falling moderately, while GDI has been increasing. The average of the two, gross domestic output, show that the economy grew 0.4% in the second quarter of 2022. Perhaps the difference between a strong labor market and weak GDP growth is not as great as it seems.
Read the full article here.
Recent News From Recruitonomics:
Inflation Isn’t a Single Number
July’s inflation numbers sparked a debate within the economics world. How should inflation be discussed? The year-over-year change proved that prices had increased from the year before, but the month-over-month change was negligible in July. Recruitonomics data analyst Sam Kuhn took a deep dive into the consumer price index and the impacts of high inflation on recruiters and consumers.
Read the full article here.
What Recruitonomics is Reading:
Summer is coming to a close, and hopefully you were able to take a relaxing vacation. If you did, it’s possible you found yourself working in some capacity during it. A recent study from Glassdoor found that 1 in 2 workers have trouble completely disconnecting from their professional responsibilities during a vacation:?
“A new poll from Fishbowl by Glassdoor found that most professionals have difficulties unplugging from work while taking time off, with 54 percent of professionals reporting that they are unable or do not believe they can fully unplug while on paid time off (PTO). Older professionals have the most difficulty with unplugging on vacation, with almost two-thirds (65 percent) of professionals on Fishbowl aged 45 and above saying they are unable or do not believe they can fully unplug while on PTO, as compared to 47 percent of professionals between the ages of 21 and 25,” wrote Richard Johnson for Glassdoor.?
?More Data & Insights:
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