Earlier this month, HRO Today Magazine and Orion Novotus released the Global Employment - 1Q 2019 report, designed to provide global labor market intelligence employers can use to inform critical decisions around the best countries and regions in which to grow.
HRO Today Magazine offers objective content and research to senior HR executives and leaders facing strategic decisions about operational excellence. An annual fixture of HRO Today’s Baker’s Dozen, Orion Novotus provides businesses with recruitment process outsourcing (RPO), skilled talent acquisition, and military hiring solutions.
As seen in the report, overall, global growth in the first quarter of 2019 declined. The United States continues to see a tight labor market, as the unemployment rate has stayed below 4.0%. Most importantly, the report reveals the following key takeaways:
- The current economic environment worldwide is precarious. While growth weakened, the global economy is still benefiting from a tight labor market and monetary and policy stimulus in some countries.
- On the positive side, global unemployment levels remain low, which is considered by many economists as at or near full employment, about the same as Q4 2018 findings.
- In the United States, stocks finished their best quarter in nearly a decade, and unemployment remained at a low 3.8%.
Read the Global Employment - 1Q 2019 report for more of this important intelligence and gain a global perspective on the labor market.
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