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Employment Summary for July 2019

The July Employment Situation showed a nonfarm payroll increase of 164,000, which comes off the heels of a stronger increase of 224,000 roles from the month prior. This number nearly matched projections by various media outlets and was “in line with average employment growth in the first 6 months of the year,” according to the report. Notably, the 164,000 payroll increase almost met the estimated 165,000 increase by the Dow Jones forecast, according to CNBC. Meanwhile, the number was somewhat lower than MarketWatch’s forecast of 171,000. However, the figure was lower than 2018 job increases, which saw employment gains at an average of 223,000 per month. According to Bloomberg, the addition o

How a great employee referral program can help you promote your employer brand

It’s no secret: Employee referral programs can greatly help your organization find and hire top talent. After all, where best to find potential new employees than by tapping into current workers, who share your firm’s values and who are already helping you run a successful business? “Employee referral programs can be an effective way to hire talented people, and they can also be invaluable in the current talent acquisition environment, in which open jobs outnumber qualified candidates,” according to SHRM. However, securing talent through a strong employee referral program doesn’t just help you hire strong new employees. It can also be a powerful tool to help you promote your employer brand.

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