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

Aug 10th, 2023 | Workplace Insights

Your latest INSIGHTS & TRENDS for the Week of August 7, 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. 187,000 jobs added in July, unemployment rate falls to 3.5%, and wage growth hit 4.4% as the labor market moderates ever so slightly
  2. Recent data points to engineering, finance, and consulting roles taking the longest to fill with qualified candidates while marketing, human resources, and legal roles taking the least amount of time to fill.
  3. More than 70 million Americans work a side job, sometimes known as a secondary source of income. That represents about 45% of the labor force.
  4. US businesses are retaining staff despite a slowing economy.
  5. Here are the four things employers must provide to prevent employees from leaving.

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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