by Veronica Blatt
Boy howdy, it’s a weird market out there. Consumer data is all over the place. The US economy by some measures remains robust, while at the same time still grappling with stubborn inflation and difficult housing conditions. Economic reports from other parts of the world vary as well. So, what’s a recruitment firm owner to do? If you’re relying on economic and employment data to make decisions for your business, but aren’t sure which data is accurate, here is a list of reliable sources to consider:
- IBISWorld—For over 50 years, IBISWorld has been providing research on thousands of industries worldwide.
- World Employment Confederation (WEC) Economic Reports—Offers comprehensive data and analysis on global employment trends and challenges within the recruitment industry. The World Employment Confederation is the voice of the private employment services industry at the global level, representing national federations as well as workforce solutions companies from across the world.
- Federal Reserve System – Economic Research and Data—The central bank of the United States supplies extensive statistical data on various economic indicators including employment data.
- American Staffing Association (ASA)—Offers detailed statistics and analysis on staffing industry trends, essential for understanding market dynamics.
- LinkedIn Workforce Report—The economic graph provides deep insights into US trends like talent migration, hiring rates, and in-demand skills by industry.
- Economic and Social Research Council (ESRC)—A UK-based organization that conducts robust economic and employment research, offering valuable reports and data.
- Australian Bureau of Statistics (ABS)—Provides comprehensive data on Australia’s labor market, including employment, unemployment, and workforce statistics.
- Statistics Canada—Delivers detailed statistical information on labor force characteristics, employment rates, and economic indicators across Canada.
- Asian Development Bank (ADB)—Publishes reports and data on employment trends, economic growth, and development policies across Asian countries.
- Eurostat—The statistical office of the European Union provides extensive data on employment rates, labor market trends, and economic indicators across Europe.
- Economic Commission for Latin America and the Caribbean (ECLAC)—Provides thorough reports and data on economic development, employment trends, and social conditions across Latin America.
Utilize multiple data sources to get broad insights into market conditions and minimize both bias and confirmation bias.
