Dr. Gleb Tsipursky – The Office Whisperer
Nirit Cohen – WorkFutures
Angela Howard – Culture Expert
Drew Jones – Design & Innovation
Jonathan Price – CRE & Flex Expert
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What’s going on:Â Â
Unemployment benefit claims dropped in the U.S. for the second consecutive week, demonstrating a solid job market in which employers are still reluctant to cut down on staff numbers. Â
The Labor Department reports indicated that applications fell by 1,000 to 191,000 for the week ended March 18, which is lower than the median expectation of 197,000, according to Bloomberg.  Â
Why it matters:Â Â
Amidst a backdrop of Federal Reserve rate increases, the labor market has proven remarkably resilient, with unemployment claims staying near historic lows and job creation persisting at a strong rate. There are nearly two open roles for every out-of-work American, although certain sectors, such as food services and leisure/hospitality, are having difficulty in recruiting and maintaining staff.Â
How it’ll impact the future:Â Â
Though the full consequences of recent bank failures remain to be seen, it is almost certain that stringent loan policies and increased borrowing expenses will put a damper on the economy.Â
