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Celebrating Labor Day here in America has taken on new meaning as our country has slowly recovered from a catastrophic recession. Even now, five years after the downturn, Labor Day is a holiday for many people not from working, but from looking for work. In fact, large numbers of people have unsuccessfully searched for employment for so long they’ve dropped out of the search (and the unemployment rate) entirely.

Now, Labor statistics might not seem that relevant if you’re struggling with unemployment or even underemployment these days, but it could be worth digging into the news to understand what those trends mean for the country and even your state and city. Remaining hopeful and positive in the face of difficult circumstances like unemployment is essential for rejoining the ranks of the employed, and can even have an effect on the pay rate of a new job.

Here are a few perspectives on what’s good and bad in the way of labor market trends:

·         The recession really is over and even though the population is growing, it isn’t growing fast enough to make up for those who are aging out of the workforce. That means demand for labor will rise and accelerate over time, giving you more choices and more “bargaining power” over the long haul. In the nearer term, there is also a no-kidding skills shortage across nearly every major industry sector.

·         The emphasis is on SKILLS and this is where some come up short. Employers are hiring, but better-paying career opportunities go to those with current and relevant skills, high levels of demonstrated digital literacy, and education and credentials that match employer needs. Over and over, employers also request new employees with “soft skills” like punctuality and professionalism.

If that’s not you today, you might want to come talk to us. Visit our website here, or contact us at 855.994.8300 to learn more about our services!

Happy Labor Day, everyone!