This is the nuance most headlines miss. Output can look strong while the team is just doing 2 jobs each. Data calls it “productivity,” ops calls it load :)
Could it be that because this is the first time in history where 5 generations are in the workforce( Gen Z to silent gen. Even a small percent of Gen Alpha are in the workforce) contribute largely to the low-hire, low-fire?
I love this Jobs Friday! I am working on a piece that could offer some opportunity in response to the job market!
Correct me if I’m wrong, but would this make 2025 the weakest non-recession year for jobs since 2003?
You are correct.
This is the nuance most headlines miss. Output can look strong while the team is just doing 2 jobs each. Data calls it “productivity,” ops calls it load :)
Exactly.
Could it be that because this is the first time in history where 5 generations are in the workforce( Gen Z to silent gen. Even a small percent of Gen Alpha are in the workforce) contribute largely to the low-hire, low-fire?
It has more to do with the firm behavior, rather than employee. I attribute this change to an increase in uncertainty.
It is stagnate like many of the economist were predicting. No churn or growth. This will complicate things further for soon to be grads as well.