The August jobs report has officially been released, revealing insightful and beneficial information for employers and candidates alike. Some highlights include overall increases in hiring and decreases in unemployment.
Sanjeev Menon, a member of the ICS New York team, has won the ACAMS TODAY Article Of The Year for his piece, "The Networking Mindset."
Instead of spending their time providing tech support, CIOs are becoming more involved in business strategies and decision-making activities on boards and committees. As their responsibilities continue to change, so do their titles. Now, "digital" or "technology" are inserted into their positions, unofficially becoming a Chief Digital Information Officer or a Chief Information Technology Officer.
The July jobs report has officially been released and reveals insights that both economists and employers found positive.
Setting the stage for the final half of the year, the report showed an increase of 164,000 jobs in the last month. The unemployment rate continued to stay low, remaining at 3.7%. Additionally, the average hourly wage went up by 8 cents, bringing the total to $27.98.
Economic expansion remained strong, the technology sector continued to see growth, and manufacturing has begun to slow down after its 2018 growth spike. Increases in workforce participation in the job search market and wage growth round out the top headlines from the last month.
It’s 2019, yet many companies are still stuck in the past when it comes to their hiring processes. It's taking time for them to realize that modern-day job seekers no longer respond to the same old hiring tactics.