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Workplace Insights: What's Hot, What's Not

Dec 14th, 2023 | Workplace Insights

Your latest INSIGHTS & TRENDS for the Week of December 11, 2023

There are so many current headlines surrounding the workplace, it's hard to keep up. To make this as easy as possible for you, Workplace Insights: What's Hot, What's Not, will provide you with the latest updates that may impact your organization as it relates to market trends and current industry insights.

  1. Market Watch: Wall Street's slowing down narrative faces a hurdle with jobs data. We might have to exercise patience for a little while longer to witness the much-anticipated Federal Reserve cuts.

  2. How AI Might Impact The Job Market In 2024. AI has been a mainstay with recruiters, using intelligent technology to identify ideal candidates and weed through applications. In 2024, candidates are changing the game in AI recruitment.

  3. Inflation slowed to a 3.1% annual rate in November. Energy prices experienced a notable decline of 2.3%, contributing to the containment of inflation. Notably, gasoline witnessed a significant drop of 6%, while fuel oil saw a decrease of 2.7%. On the other hand, food prices showed a slight increase of 0.2%.

  4. As the labor market cools, US job openings have reached their lowest point in over two and a half years. This decline in job openings can be attributed to fewer workers resigning, which may ultimately contribute to the alleviation of wage inflation over time.

We hope you are benefiting from this resource. If you have anything you would like to add or specific questions, please drop us a line.

This information is provided for informational purposes only and should not be taken as legal advice. The O’Connor Group makes no representations as to the completeness, suitability, or validity of any information contained herein and will not be liable for any errors or omissions.

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