Even with the job growth in June, the softening in the manufacturing job market has continued since November as the sector adapts to the slowdown in overall manufacturing activity. … READ MORE >
labor
Tech employment levels off; layoffs may be shifting toward middle market
Tech employment fluctuations have calmed over the past few months as layoff announcements from large public technology companies slow. … READ MORE >
AI advancements may be easing impact of tech sector layoffs
Two focus areas in the technology sector so far this year—advancements in generative artificial intelligence and industry layoffs—may be offsetting each other when it comes to their net impact on the tech workforce. … READ MORE >
Manufacturing labor market tightens further as pace of hiring slows
The United States added 8,000 manufacturing jobs in December, making for a total of 379,000 new manufacturing jobs added in 2022, according to the Bureau of Labor and Statistics. This marks a 3% rise in new manufacturing jobs compared to 2021 but the hiring pace in the last few months is slowing. … READ MORE >
Government services companies are focusing on national defense, labor challenges
While the Russia-Ukraine war is understandably a top focus in the ecosystem, the demand for cutting-edge technological innovation persists along with the upskilled workforce needed to develop such solutions. … READ MORE >
Price increases are necessary but could prove costly for food and beverage companies: Spring 2022 outlook
Growing food and beverage businesses will maintain or improve market share while passing along costs to consumers. … READ MORE >
3 priorities for insurers in the future of work: Spring 2022 outlook
A confluence of pressures is forcing many insurance companies to reinvent their traditional operating models. … READ MORE >
Labor shortage remains a major challenge for oil and gas: Spring 2022 outlook
Oil and gas companies are facing a labor shortage that poses serious risk to the industry’s efforts to recover from the tumult of the past two years. Some workers are moving to the renewable energy space, while others are leaving the industry altogether. … READ MORE >
Rising capex investments require ‘new collar’ workers: Spring 2022 outlook
Since the last economic recession, the industrial sector has lagged others in capital goods investments, but 2021 saw record industrial spending in this area as companies played catch-up. This elevated spending could have important implications for the industry’s future, especially on the labor front. … READ MORE >
Robots rise on the shop floor: Spring 2022 outlook
Manufacturers have struggled to meet the demand spike after the initial pandemic slump for many reasons, but perhaps most importantly because of labor shortages. This has strengthened the case for companies to invest in robotics and automation. … READ MORE >