“This feels like the soft landing the Fed was trying to produce. This is an easing of job growth, a stabilizing of wage growth, and an economy that is integrating most of the laid off workers from the brand name companies.” -- Andrew Crapuchettes, CEO of RedBalloon
(Moscow, Idaho) – Following on the heels of this week’s JOLTS report that showed January job openings had cooled to 10.8 million, the BLS February Employment Situation report found that the economy created 311,000 jobs in February, while wage increases cooled to just 0.2% (economists had predicted 0.3%). The percentage of short-term unemployed rose to 3.6% and the number of unemployed increased slightly to 5.9. million. Both of these numbers have hardly moved in over a year.
“This feels like the soft landing the Fed was trying to produce. This is an easing of job growth, a stabilizing of wage growth, and an economy that is integrating most of the laid off workers from the brand name companies,” said Andrew Crapuchettes, CEO of RedBalloon and pioneering innovator in labor market data and analytics.
You can read more here. If you would like to interview Andrew Crapuchettes, contact Isaac Lopez at (208) 997 – 8013 or isaac@redballoon.work.
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RedBalloon CEO Andrew Crapuchettes is a longtime business leader, entrepreneur, and innovator in the technology industry. He has founded several successful tech-focused companies and is widely considered a global pioneer in the development and use of labor market data analytics – an industry he helped found over 20 years ago. He served as the founding CEO of Emsi (now Lightcast) - which brought market-changing innovations to how higher education, corporations, and governments approach the labor market.
In 2021, Andrew founded RedBalloon, which has quickly become America’s largest connectors of employers and job seekers who prioritize workplace culture. Crapuchettes’ is a frequent presenter at technology and business conferences, and a frequent guest on business and technology news and influencer podcasts.
To find out more, explore redballoon.work. For questions or interview requests, contact Isaac Lopez at isaac@redballoon.work.
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