TABLE OF CONTENTS
1. REAL-TIME INSIGHTS
2. UNEMPLOYMENT STATISTICS
3. MAJOR WARN NOTIFICATIONS & LAYOFFS
4. TURNOVER CALCULATOR
TODAY'S UNEMPLOYMENT RATE
The unemployment rate remained steady in August 2019, and the number of unemployed persons changed very little. Total nonfarm payroll employment rose by 145,000 in September.
EMPLOYMENT BOOST REAL-TIME INSIGHT
Uncertainty in the markets, and global political instability, is leading to an uptick in layoff announcements both domestically and internationally. While the financial markets and the greater US economy are not always correlated, our analysis is indicating a correlation between days of market sell-offs and employment instability.
Last week, we saw an uptick in WARN notifications, as well as an uptick in layoffs due to restructurings or acquisitions - which furthers the confusion around the state of the economy and current job market conditions.
Each market pullback is correlating to an increase in career services demand, which indicates movement in the job economy - individuals become unemployed and looking for new jobs, or employed individuals looking for greener pastures.
AUGUST 2019 UNEMPLOYMENT RATE (%)
DURATION OF UNEMPLOYMENT (JULY 2019 vs AUGUST 2019)
SELECTED MAJOR NATIONAL WARN NOTICES + LAYOFFS
JOB MARKET INSIGHT
In the first seven months of 2019, nearly 43,000 workers have lost jobs due to company bankruptcies.
This is higher than the full-year total of any year since 2009.
EMPLOYEE TURNOVER CALCULATOR
Employee turnover is a great indicator of the health of a business or industry. Calculate your business' employee turnover below: