Global Job Satisfaction: Worker satisfaction driven by universal job components
August 29 | Frank Steemers, Associate Economist, The Conference Board | Comments (0)
For the first time we are comparing job satisfaction globally. In the latest 2018 Q1 report of The Conference Board® Global Consumer Confidence Survey, a new global survey conducted in collaboration with Nielsen, workers in 64 countries were asked the same question: “To what extent are you satisfied with your current job?” Interestingly, all around the world workers have similar reasons to wake up every day and go to work.
Greatly Delayed Pickup in Recruitment: A Brief Account of How American Business Woke Up to GDPR Through the Lens of Online Job Ads
August 06 | Brian Schaitkin, Senior Economist, The Conference Board | Agron Nicaj, Associate Economist, The Conference Board | Comments (0)
For US firms, upgrading data protection compliance procedures will not just be a concern related to European operations. California has passed a measure, The California Consumer Privacy Act of 2018, which is partially modelled after GDPR. An examination of The Conference Board Help Wanted OnLine® (HWOL) Data Series illustrates the mix of IT, legal, managerial, and marketing talent that companies will need to meet these new compliance challenges without sacrificing their digital ambitions.
Blue Collar Workers are no Longer Singing the Blues
June 04 | Gad Levanon, Ph.D., Chief Economist, North America, The Conference Board | Comments (1)
The faster growth in wages for blue-collar workers is somewhat surprising, especially since throughout most recent history, white-collar wage growth was higher. We expect labor markets to continue to tighten in the coming years, which will only apply more wage and price pressures across the economy. There are already signs that faster wage growth is already spilling over to producer prices.
The Rising Role of Older Women in the Labor Force and Why “Full Employment” May Get Still Fuller
June 04 | Diane Lim, Ph.D., Principal Economist, The Conference Board | Comments (0)
The rise of women relative to men in the labor force—along with the relative increase in female-dominated and generally lower-paying service sector employment—may be one significant reason why wage growth in this economic recovery has not been as fast as expected or what we are used to experiencing. But it’s also a reason why we can think optimistically that the labor market (and our economy’s true capacity) still hasn’t maxed out.
Retail Apocalypse Postponed Not Cancelled
May 02 | Brian Schaitkin, Senior Economist, The Conference Board | Comments (0)
Labor market data very clearly suggest that jobs in warehousing, delivery, and e-commerce, are unlikely to fully replace those lost in brick and mortar retail.
What do online job ads tell us about Amazon’s choice for a second headquarters?
April 17 | Agron Nicaj, Associate Economist, The Conference Board | Jeanne Shu, Associate Director, Help Wanted Online®, The Conference Board | Gad Levanon, Ph.D., Chief Economist, North America, The Conference Board | Comments (1)
Observing labor demand using online job ad postings for a specific company like Amazon is possible with Help Wanted OnLine® data. Most importantly, HWOL allows us to analyze monthly trends in labor demand both in real-time and historically down to the most granular occupational level for areas throughout the United States. Analyzing trends in online job ads with the granularity of Help Wanted OnLine® broadens our understanding of the overall U.S. labor market.
Long Expansions Do Not Alone Halt Fast Job Creation
April 02 | Brian Schaitkin, Senior Economist, The Conference Board | Comments (0)
At the outset of 2017, many economists were concerned by the possibility that tighter labor markets would act to slow employment growth. Perhaps labor shortages will trigger the next recession as firms will cut back production in reaction to rising costs. Right now though the LEI is still signaling good economic times ahead. A long period of frustration with talent shortages and rising labor costs would likely be required for labor alone to be the next black swan.