The U.S. Labor Department reported last week that jobless claims (unemployment claims) hit a 43-year low. Employee retention is rising everywhere as employers are more reluctant to lay off workers in a strong labor market. It would appear that we are finally, at long last recovering from the economic crash in 2008 that sent unemployment rates above Great Depression-era levels.
Which means it’s a job seeker’s market and companies have to adapt quickly to keep the talent they have, not to mention work harder to recruit new talent at a time when applicants are spoiled for choice.
