ON OUR RADAR
U.S. job growth totaled 175,000 in April, marking the first time that employment has fallen below expectations since late last year. While this is the lowest total since October 2023, this is the kind of steady growth that the Fed has been looking for as it remains in wait-and-see mode on potential interest rate cuts.
RGP CEO Kate Duchene said this points to further, steady normalization of the labor market, but it also illustrates the growing challenge employers face in filling widening skill gaps. This is especially true as organizations race to migrate ERP and other systems to the cloud.
As RGP's Chief People Officer Katy Conway highlighted in her recent interview with HRD America, “nurturing global talent isn’t merely a ‘nice-to-have’ benefit in today’s market – it’s a strategic necessity.
Keep scrolling for more news and insights, including our two-part series on the Strategic Second Wave of Cloud Migration.
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