RelationDigest

Wednesday, 26 April 2023

[New post] The Lowdown on Today’s Hiring Slowdown

Site logo image Evil HR Lady posted: "A multitude of organizations — from David's Bridal (9000 positions) to McDonald's (less than 1,000) to Amazon (27,000) — have been laying people off this year. As such, it's not surprising that hiring is slowing, as well. Meanwhile, non-farm payroll in" Evil HR Lady

The Lowdown on Today's Hiring Slowdown

Evil HR Lady

Apr 26

A multitude of organizations — from David's Bridal (9000 positions) to McDonald's (less than 1,000) to Amazon (27,000) — have been laying people off this year. As such, it's not surprising that hiring is slowing, as well.

Meanwhile, non-farm payroll increased by 236,000 in March, which may seem like a lot, but there were 472,000 and 326,000 new jobs in January and February, respectively. Point is, hiring fluctuates and is right back in line with how it looked in March 2019, when roughly 228,000 new jobs were added.

So whereas there were huge hiring spikes as pandemic freezes lifted and  people began getting back to work, things are now leveling off.

Still, while overall hiring has slowed, it's not a universal slowdown.

To keep reading, click here: The Lowdown on Today's Hiring Slowdown

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