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Employment Summary for November 2019

U.S. jobs gains beat estimates by a wide margin in November, according to the Bureau of Labor Statistics, as payrolls increased by 266,000 for the month. In doing so, unemployment matched a historic, 50-year low and the percentage of those without jobs in the U.S. stayed the same at 3.5%. The increase in jobs was the most since January, according to Bloomberg, and beat estimates by a wide margin. In fact, the news publication said that the 266,000 figure topped estimates of just 180,000 and proved much higher than the October job gains of 156,000. The BLS also revised new job totals in October to 156,000 from 128,000. September's gain was raised to 193,000 from 180,000. Wage growth also cont

Trend to Watch: Increased Focus on Performance Management

The year 2020 will mark fierce competition among employers who want to hire and, more importantly, retain the best talent at their organizations. After all, unemployment in the U.S. is hovering at near-historic lows, with the most recent Employment Situation report from by the U.S. Bureau of Labor Statistics illustrating that the unemployment rate within the executive, managerial and professional labor market was just 3.3 percent. “In 2020, companies will want to ensure their performance reviews are specific, frequent, tied to relevant work and are as practical as possible,” says Annette Wehrli, director of leadership and organizational effectiveness for MRINetwork. “This helps both the orga

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