ON OUR RADAR
The labor market continues to cool as the U.S. economy added 142,000 jobs in August. This is a slight rebound over the July data—which was downwardly revised to 89,000—yet it is the weakest August jobs report since 2017.
With all eyes on the Fed’s September meeting and long-anticipated rate cuts now on the horizon, RGP CEO Kate Duchene says it will be interesting to see where new capital will flow and how long it will take.
More than 40% of financial decision-makers we polled in January said they would increase investment in workforce development if a lower interest rate environment were to unlock new capital. In this challenging labor market, greater investment of time and resources into workforce strategy will be paramount.
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