Latest news with #AmericanStaffingAssociation
Newsweek
21-05-2025
- Business
- Newsweek
US Sees Fall in Job Vacancies After Trump Tariffs
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The U.S. has seen a fall in job vacancies since President Donald Trump's tariffs took effect earlier this year. Why It Matters A decrease in job openings typically indicates that employers are hiring less, which can be a sign of an economic slowdown, business uncertainty, or reduced demand for labor. For job seekers, it becomes more difficult to find employment, and wage growth may slow due to less competition for workers. What To Know The Robert Walters Global Jobs Index, published on May 20, found there was a 16.2 percent month-on-month decline in professional job vacancies in the U.S. between March and April, due in part to President Donald Trump's wide-ranging trade tariffs. On April 2—a day he dubbed "Liberation Day"—he announced a minimum 10-percent tariff on all U.S. imports and higher individualized rates on some countries. "For most employers, hiring additional employees is a luxury when tariffs are raising operating costs, lowering demand, and could potentially keep inflation and interest rates elevated," Noah Yosif, chief economist at American Staffing Association, told Newsweek. "For all these reasons, employers are keeping their cash close to weather the tariffs and their impact on the economy making additional headcount a secondary priority." President Donald Trump holds up a chart while speaking during a 'Make America Wealthy Again' event in the Rose Garden at the White House on April 2, 2025, in Washington, DC. President Donald Trump holds up a chart while speaking during a 'Make America Wealthy Again' event in the Rose Garden at the White House on April 2, 2025, in Washington, DC. Chip Somodevilla/GETTY Usha Haley, Barton distinguished chair in international business at Wichita State University, said the drop in vacancies can be attributed to the U.S. economy shrinking earlier this year, contracting to 0.3 percent annually, which was "a huge drop from the 2.4-percent growth at the end of 2024." "Trade wars, geopolitical uncertainty, inflation concerns, budget deficits at all-time highs, with no visible plans to tackle these issues, have all contributed to the heightened uncertainty," she explained to Newsweek. "Investors need concrete reassurances, and that has not yet been forthcoming." Haley also warned that the findings are indicative of a potential recession. Concerns of a recession have been intensified by the decision by Moody's to strip the U.S. of its triple-A credit rating for the first time in more than a century, due to mounting government debt and rising interest expenses. However, a recent tariffs breakthrough with China—which had a staggering 145 percent levy placed on imports into the U.S.—has somewhat dampened these fears. Both countries agreed to roll back tariffs for a 90-day period starting May 14. What People Are Saying Usha Haley, Barton distinguished chair in international business at Wichita State University, told Newsweek: "We are currently in the midst of heightened uncertainty on so many fronts, which always dampens corporate expansion and hiring," she said. "In short, we have the settings for a perfect storm on the horizon, and even perhaps a recession, though the risks of the R word are now widely seen as less than 50 percent." What Happens Next Following the reduced tariff announcement, investment bank JPMorgan also lowered its recession risk score to below 50 percent. "The administration's recent dialing down of some of the more draconian tariffs placed on China should reduce the risk that the U.S. economy slips into recession this year," JPMorgan chief U.S. economist Michael Feroli said. "We believe recession risks are still elevated, but now below 50 percent."
Forbes
20-05-2025
- Business
- Forbes
AI Recruiting 2025: A Win For Hiring Managers, Not Job Seekers
While AI recruiting is the future, job seekers aren't convinced. The job search has always been a delicate dance between job candidates and hiring managers. But in 2025, AI has fundamentally altered this dynamic, creating a technological divide where employers embrace AI recruiting tools with enthusiasm while job seekers approach them skeptically. As you navigate today's AI-powered job market, understanding this disconnect is essential for your career success. Let's explore the stark contrast between how employers and job seekers view AI recruiting and what this means for your job search strategy. According to Insight Global's 2025 AI in Hiring survey, a whopping 99% of hiring managers now use AI in some capacity throughout their recruiting process. Even more revealing, 98% of these professionals report that AI has improved their hiring flow. On the flip side, job candidates are wary of AI recruiting tools. The American Staffing Association's Workforce Monitor survey found that nearly half (49%) of employed job seekers believe AI recruiting tools are more biased than their human counterparts. This skepticism runs even deeper among active job seekers, with 43% of those currently looking for work expressing concerns about AI bias compared to 29% of those not actively job hunting. The Insight Global survey reveals that 95% of hiring managers anticipate their companies will invest even more resources in AI to streamline hiring processes. The time-saving benefits for employers are clear: AI recruiting helps companies process many more job applications than is humanly possible. In a tight labor market, this expanded reach can be the difference between finding the right candidate and settling for an adequate one. While hiring managers embrace AI recruiting tools, job seekers approach them with caution. A ServiceNow report found that 67% of job seekers are "uncomfortable" with employers using AI to review resumes and make hiring decisions. Even more telling, 90% want companies to be transparent about their AI use in recruiting and hiring. This discomfort isn't evenly distributed across all AI applications. The report revealed that candidates are most comfortable with AI handling logistical tasks like interview scheduling and candidate sourcing. However, comfort levels drop significantly when AI is used for resume screening, onboarding, and decision-making tasks like ranking candidates. The fundamental issue isn't that AI is being used—it's how it's being used and who controls it. "Job seekers may feel comfortable using artificial intelligence tools in their job search, but that does not equate to trusting AI to make fair hiring decisions," explains Richard Wahlquist, CEO of the American Staffing Association. This trust gap is worsened by legitimate concerns about algorithmic bias. AI systems are only as unbiased as the data they're trained on and the people who design them. Given the historical biases in hiring practices, many job seekers worry that AI might perpetuate or even amplify these biases. Given this situation, how can you effectively navigate AI-powered recruiting processes? Here are several approaches to consider: Despite the current trust gap, there are signs that a more balanced approach to AI recruiting will emerge. Jenny Sabo, Vice President of HR & ESG at Insight Global, captures this perspective: "Part of what we're seeing from these results is the value of authenticity. Hiring managers know that AI can remove some of that realness we seek in the workplace. That's why the human touch is essential when using AI in the hiring process." As AI recruiting tools become more sophisticated and widespread, the gap between employer enthusiasm and candidate skepticism may narrow, but only if companies prioritize transparency, fairness, and the human element. For job seekers, the key is to adapt without losing your authentic self. The companies that will win the talent war will be those that find the right balance—using AI to enhance efficiency while preserving the human elements that build trust with candidates.
Yahoo
19-05-2025
- Business
- Yahoo
I'm an Economist: This Is Why Trump's Tariffs Change So Often and What That Means for Your Money
It may seem like just about every day there's news from President Donald Trump's administration about tariffs and deals. Trump has said those tariffs on other countries are needed to help the American economy. Since it can be confusing to understand how those tariffs may impact everyday consumers, Noah Yosif, chief economist at the American Staffing Association, shared his analysis of what's happening and what it means for many Americans. Check Out: Read Next: You may be wondering why the tariffs have been changing so often. According to Yosif, a former economist with the Bureau of Labor Statistics, and Toby Malara, vice president of government relations at the American Staffing Association, one big reason is that the tariffs involve many different parties. 'We're witnessing real-time, public negotiations between the Trump administration and other governments,' Malara said. 'The types of adjustments and policy movements we're seeing are the results of fluid discussions and deals happening with countries throughout the world.' Learn More: To put it simply, Yosif said the jury is still out on whether the economy will be able to absorb potential shock from tariffs. 'Tariffs are a financial penalty on businesses, usually transferred onto consumers, for buying products from abroad,' Yosif said. 'Consumers will feel the pinch when they buy everyday products subject to the tariffs, and after the Fed raises interest rates to quell the consequent rise in inflation.' Meanwhile, per Yosif, the fervent frontloading of imported goods by businesses last quarter has spared consumers from larger markups until later in the year. 'With tariffs largely affecting intermediate purchases incorporated within domestically produced goods, consumers are likely to see a gradual uptick in prices as businesses adjust their supply chains to the new realities of global trade policy,' Yosif said. More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck 5 Little-Known Ways to Make Summer Travel More Affordable 7 Luxury SUVs That Will Become Affordable in 2025 Sources Noah Yosif and Toby Malara, American Staffing Association This article originally appeared on I'm an Economist: This Is Why Trump's Tariffs Change So Often and What That Means for Your Money Sign in to access your portfolio
Yahoo
18-05-2025
- Business
- Yahoo
I'm an Economist: This Is Why Trump's Tariffs Change So Often and What That Means for Your Money
It may seem like just about every day there's news from President Donald Trump's administration about tariffs and deals. Trump has said those tariffs on other countries are needed to help the American economy. Since it can be confusing to understand how those tariffs may impact everyday consumers, Noah Yosif, chief economist at the American Staffing Association, shared his analysis of what's happening and what it means for many Americans. Check Out: Read Next: You may be wondering why the tariffs have been changing so often. According to Yosif, a former economist with the Bureau of Labor Statistics, and Toby Malara, vice president of government relations at the American Staffing Association, one big reason is that the tariffs involve many different parties. 'We're witnessing real-time, public negotiations between the Trump administration and other governments,' Malara said. 'The types of adjustments and policy movements we're seeing are the results of fluid discussions and deals happening with countries throughout the world.' Learn More: To put it simply, Yosif said the jury is still out on whether the economy will be able to absorb potential shock from tariffs. 'Tariffs are a financial penalty on businesses, usually transferred onto consumers, for buying products from abroad,' Yosif said. 'Consumers will feel the pinch when they buy everyday products subject to the tariffs, and after the Fed raises interest rates to quell the consequent rise in inflation.' Meanwhile, per Yosif, the fervent frontloading of imported goods by businesses last quarter has spared consumers from larger markups until later in the year. 'With tariffs largely affecting intermediate purchases incorporated within domestically produced goods, consumers are likely to see a gradual uptick in prices as businesses adjust their supply chains to the new realities of global trade policy,' Yosif said. More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? 7 Luxury SUVs That Will Become Affordable in 2025 5 Little-Known Ways to Make Summer Travel More Affordable How Much Money Is Needed To Be Considered Middle Class in Every State? Sources Noah Yosif and Toby Malara, American Staffing Association This article originally appeared on I'm an Economist: This Is Why Trump's Tariffs Change So Often and What That Means for Your Money Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
05-05-2025
- Business
- Forbes
FlexJobs Reveals Top Entry-Level Remote And Hybrid Jobs For 2025
Remote and hybrid jobs are expanding across industries. For new graduates, it's an exciting time filled with a combination of opportunity and uncertainty. While searching for a new job can be overwhelming, there's good news on the horizon. According to FlexJobs' latest analysis of over 145,000 job postings across over 60,000 companies, entry-level remote and hybrid jobs are expanding across multiple industries. A recent survey by the National Association of Colleges and Employers (NACE) also revealed that employers plan to hire 7.3% more recent graduates than they did in 2024. This is promising news for new grads and other job seekers looking for flexible work options. Over 70% of Americans prefer a remote or hybrid work environment, according to a Harris Poll commissioned by the American Staffing Association. 'The question of whether employees should work fully in person, fully remote, or on a hybrid schedule has been a top issue facing organizations across America since the pandemic triggered a workplace revolution,' says Richard Wahlquist, CEO of the American Staffing Association. "As organizations navigate the future of the workplace, the most successful ones will embrace workplace flexibility and focus on creating strong employee-centric cultures." Here's a look at the top 20 career fields for entry-level remote and hybrid Jobs, along with the companies that posted the most entry-level online jobs in early 2025. FlexJobs identified the top 20 career fields that posted the highest volume of entry-level remote and hybrid positions in early 2025: Capitalizing on past momentum, customer service, administrative, and medical and health fields continue to lead the way for entry-level remote work. These categories were closely followed by accounting, finance, and computer and IT, which maintained consistently high volumes of fully remote and hybrid entry-level roles. What's noteworthy is the significant growth in sales and account management job listings, which more than doubled compared to 2024. This surge reflects the fact that companies are recognizing the benefits of remote sales teams, including cost savings, access to a broader talent pool, and increased flexibility for employees. While the software development, HR and legal fields had fewer total job listings, they showed enough growth to rank in the top 20. When examining specific job titles, these ranked highest for entry-level remote and hybrid roles: Reflecting overall category trends, customer service and business development topped the list of in-demand roles. Account executives, sales representatives, insurance agents, and customer support specialists also showed strong demand. Administrative assistants, accountants, and project coordinators demonstrated steady growth to complete the list. FlexJobs also identified employers posting the most entry-level remote and hybrid positions, which include industries like healthcare, finance, government, and data services: According to a Zety survey, 92% of Gen Z trust TikTok for career advice, yet 55% admit to following misleading advice on the platform. FlexJobs' career experts emphasize the importance of trusted guidance over controversial trends. Toni Frana, Career Expert Manager at FlexJobs, shares this advice, 'For new graduates looking for entry-level work, it's important to put together a career plan outlining short and long-term career goals. From there, outlining some action steps such as building your personal brand, networking, and writing your resume to apply to jobs are natural next steps. Remember, a job search takes time and often feels like a job in and of itself, but with the right plan in place, new graduates have ample opportunities in a variety of career fields.' Remote and hybrid work are no longer considered employee perks. They are increasingly non-negotiable, especially among younger professionals entering the workforce. For new graduates, this presents an opportunity to access a broader range of roles while prioritizing work-life balance, reducing commuting costs and building careers aligned with their values and work styles. Also, employers are more open than ever to skills-based hiring rather than focusing on traditional qualifications. By investing in skill development, both young professionals and experienced workers can benefit from meaningful career paths.
