Unemployment Report: August Breakdown Total nonfarm payroll employment increased by 142,000 in August, while the unemployment rate edged slightly downward to 4.2%, according to the U.S. Bureau of Labor Statistics. Job gains were primarily seen in construction and healthcare. Employment remained largely unchanged across other major industries, including mining, […]
Read morePatrice & Associates, the leading hospitality staffing and executive search franchise, has embraced cutting-edge artificial intelligence technology to enhance its hospitality staffing and executive search services. This innovative AI tool revolutionizes the recruitment process, providing franchisees with access to a comprehensive database and predictive analytics, ensuring both efficiency and […]
Read moreThe Age of Experience: How Older Workers Bring Value to a Changing Labor Market In recent years, a significant trend has emerged in the American workforce: the increasing number of older Americans who are choosing — or needing — to continue working well past the traditional retirement age. This shift […]
Read moreIn July, U.S. hiring slowed significantly, with only 114,000 jobs added and the unemployment rate rising to 4.3%. This marks the third consecutive month of increasing unemployment. While this rise could potentially trigger the Sahm Rule, an early recession indicator, many economists believe the situation is different this time. The […]
Read moreThe Future of Recruiting at Patrice & Associates: In the ever-evolving landscape of recruiting, technology has become an invaluable ally. From job boards to applicant tracking systems, the tools available today have transformed how recruiters connect with talent. Now, with artificial intelligence (AI) at the forefront of technological innovation, the […]
Read morePatrice & Associates, a leading hospitality staffing and executive search franchise, celebrates a successful first half of 2024 with significant franchise expansion and promising growth prospects. The company has awarded 20 new franchise licenses in markets across the U.S. and Canada and is on pace to award 40 by […]
Read moreHow Employers and Recruiters Can Adapt to the Current Labor Market Employers and recruiters can embrace the increasing presence of older workers in the labor force by offering flexible work arrangements, fostering inclusive cultures and providing opportunities for professional development to leverage their valuable experience and skills. In […]
Read moreJoin us as we delve into the latest labor market trends with Brian Miller, CEO of Patrice and Associates. In our recent interview, we discuss the U.S. labor market’s addition of 206,000 jobs in June and the implications of the unemployment rate rising to 4.1%. Brian provides valuable insights […]
Read moreEncouraging Employment Trends Indicate Continued Demand Nonfarm payrolls surged by 272,000 in May, while the unemployment rate ticked up slightly to 4.0%, ending a 27-month stretch of below 4%. Despite this uptick, the rate remains historically low. Bloomberg reported: “The latest figures highlight a labor market that continues to defy […]
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