Database Check: May job postings and successful hires increased at a brisk pace among RedBalloon’s customers.
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“The labor shortage is the new normal, through both strong and weak economic times. AI is offering some relief, but the competition for talent remains robust.”
-- Andrew Crapuchettes, RedBalloon CEO
(Moscow, Idaho) - The Bureau of Labor Statistics is set to release the May Jobs Report tomorrow morning at 8:30 AM ET. Economists are expecting a cooler May, following the hot April Jobs Report that saw 253,000 jobs added to the US economy. But a JOLTS surprise on Wednesday has many asking if the strong job market will also be reflected in Friday’s Jobs report.
“The labor shortage is the new normal, and employers are fighting to find new talent while retaining the people they currently have,” said RedBalloon CEO Andrew Crapuchettes. “We’re telling our clients they must fundamentally change how they hire. The labor market is no longer a vending machine where you can post a job and get the outcome you want. Attracting good talent often means luring them away from their current employer. Your offering must be comprehensive in workplace satisfaction, mission, culture, and compensation. Anything less, and you’ll find yourself on the losing end of the competition for talent.”
“We’re hearing from employers that AI is taking some of the pressure off, but the competition for people is still a top concern, particularly for the small business owners with five to twenty employees,” added Crapuchettes.
If you would like to schedule an interview with Andrew Crapuchettes, contact Isaac Lopez at (208) 997 – 8013 or isaac@redballoon.work.
Founded In 2021, RedBalloon has quickly become America’s largest connector of employers and employees who prioritize a positive workplace culture free from the divisiveness of cancel-culture mandates. RedBalloon CEO Andrew Crapuchettes is a longtime business leader, entrepreneur, and innovator who has founded several successful tech 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.
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