“There’s no question that job growth is significantly slower today than it was one or two years ago,” Andrew Chamberlain, chief economist at Glassdoor Economic Research said, “But that is to be expected at this point in the economic cycle.”
The government reports a healthy recovery for the economy and boasts over 75 consecutive months of job growth. We are lead to believe that the United States is on the road to prosperity, but this is not necessarily the case. Of course, it all depends on who is speaking and whether the market is up or down. There are definitely two sides to every story.
Each monthly jobs report provides only a brief and partial picture. We are here to get to the real truth about job growth in 2016 without getting political.
The Labor Department reported 287,000 new positions added in June. Some of the media will tell us we are making significant process, though monthly job gains have been on a downward trend since 2014.
A major reason for the decline in employment is caused by productivity growth. So many procedures are now automated. For example, one needs far less workers to assemble a car than in the past.
Businesses seem to be getting by with the employees they currently have, as hiring and investing in America is difficult these days. And even when companies invest, it is tough to find workers with the right skills.
Many organizations face enormous challenges finding qualified candidates. This is where staffing agencies come into play as being an excellent resource for clients and job seekers alike.
The global economy is not growing as fast as it should be, but as a country we are doing everything we can to strengthen the good trends and protect ourselves from less than favorable trends globally. We continue to keep a positive outlook in a time of uncertainty.
For more information regarding employment, job seeking, or to learn about our staffing services, please visit our website. Don’t forget to connect with us on social media as well—we are very active on Facebook, LinkedIn, and Twitter. We love interacting with our candidates and clients and look forward to sharing our knowledge with you.