This graph shows the civilian labor force in the United States from 1990 to 2024. In 2024, the number of people who had jobs or were seeking employment amounted to about 168.11 million.

Unemployment Rate in the United States increased to 4.20 percent in July from 4.10 percent in June of 2025. This dataset provides the latest reported value for - United States Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This Indicator measures the percent of the unemployed population (ages 16 and up) in Oakland by race/ethnicity who did not participate in the City of Oakland’s Workforce Development program between 7/1/2016 and 6/30/2017. The percent that did participate for each race/ethnicity is calculated by dividing number of participants of that race/ethnicity by the number of unemployed people in the labor force in Oakland of that race/ethnicity. Percent that did not participate is 100% minus the percent that did participate. NOTE: Participation is not the most meaningful metric, but was the data available. In the future, we hope to replace this with a measurement of exit outcomes for participants by race/ethnicity (i.e., did participants successfully find jobs?).

Graph and download economic data for Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for United States (LFWA64TTUSM647S) from Jan 1977 to Jun 2025 about working-age, 15 to 64 years, population, and USA.

The inflation rate in the United States is expected to decrease to 2.1 percent by 2029. 2022 saw a year of exceptionally high inflation, reaching eight percent for the year. The data represents U.S. city averages. The base period was 1982-84. In economics, the inflation rate is a measurement of inflation, the rate of increase of a price index (in this case: consumer price index). It is the percentage rate of change in prices level over time. The rate of decrease in the purchasing power of money is approximately equal. According to the forecast, prices will increase by 2.9 percent in 2024. The annual inflation rate for previous years can be found here and the consumer price index for all urban consumers here. The monthly inflation rate for the United States can also be accessed here. Inflation in the U.S.Inflation is a term used to describe a general rise in the price of goods and services in an economy over a given period of time. Inflation in the United States is calculated using the consumer price index (CPI). The consumer price index is a measure of change in the price level of a preselected market basket of consumer goods and services purchased by households. This forecast of U.S. inflation was prepared by the International Monetary Fund. They project that inflation will stay higher than average throughout 2023, followed by a decrease to around roughly two percent annual rise in the general level of prices until 2028. Considering the annual inflation rate in the United States in 2021, a two percent inflation rate is a very moderate projection. The 2022 spike in inflation in the United States and worldwide is due to a variety of factors that have put constraints on various aspects of the economy. These factors include COVID-19 pandemic spending and supply-chain constraints, disruptions due to the war in Ukraine, and pandemic related changes in the labor force. Although the moderate inflation of prices between two and three percent is considered normal in a modern economy, countries’ central banks try to prevent severe inflation and deflation to keep the growth of prices to a minimum. Severe inflation is considered dangerous to a country’s economy because it can rapidly diminish the population’s purchasing power and thus damage the GDP .

In 2020, the unemployment rate in Ghana was at approximately 3.01 percent of the total labor force. The unemployment rate is the percentage of a country's labor force that are without jobs but are available to work and actively seeking employment. Ghana’s unemployment rate is above the worldwide unemployment rate, and compared to other Sub-Saharan African countries and other regions, Ghana has a relatively average rate of unemployment. Ghana’s population Due to the nature of its economy and its population size of over 30 million people, Ghana’s estimated GDP per capita amounts to just over 2,200 U.S. dollars in 2018 and forecast to rise continually over the next few years. Almost half of the country’s population works in the services sector, and around 33 percent work in agriculture. The population is relatively young, with only around 3 percent of the total population aged 65 years or older. Ghana’s hopeful future One of the most important economic centers of its region, Ghana’s GDP is at over 65 billion U.S. dollars, and it is projected to grow to over 97 billion U.S. dollars by 2024. Ghana is a country with several valuable natural resources, including gold, petroleum, cocoa, and natural gas. The country’s economy is particularly focused on manufacturing and exporting digital technology goods, and industrial materials. Ghana utilizes these exports domestically as well; its mixed economy is increasingly digital based. A regional leader, it has the goal of being the first African nation to become a developed country in the next decade. There are several positive indications encouraging this possibility, such as that GDP has grown each year, albeit at inconsistent rates.

Nigeria's population structure reveals a youthful demographic, with those aged 0-29 years comprising the largest age group compared to the total of those between the ages of 30 and 84 years. The majority of the young population are men. This demographic trend has significant implications for Nigeria's future, particularly in terms of economic development and social services. It has the potential to offer a large future workforce that could drive economic growth if it is adequately educated and employed. However, without sufficient investment in health, education, and job creation, this youth bulge could strain public resources and fuel unemployment and social unrest. Poverty challenges amid population growth Despite Nigeria's large youth population, the country faces substantial poverty challenges. This is largely due to its youth unemployment rate, which goes contrary to the expectation that the country’s large labor force would contribute to employment and the economic development of the nation. In 2022, an estimated 68.6 million Nigerians lived in extreme poverty, defined as living on less than 2.15 U.S. dollars a day. This number is expected to rise in the coming years, indicating a growing disparity between population growth and economic opportunities. The situation is particularly dire in rural areas, where 60.9 million people live in extreme poverty compared to 7.7 million in urban centers. Linguistic and ethnic diversity Nigeria's population is characterized by significant linguistic and ethnic diversity. Hausa is the most commonly spoken language at home, used by 32 percent of the population, followed by Yoruba at 17 percent and Igbo at 13 percent. This linguistic variety reflects Nigeria's complex ethnic composition, with major groups including Hausa, Yoruba, Igbo, and Fulani. English, the country's official language, serves as the primary language of instruction in schools, promoting literacy across diverse communities.

Abstract copyright UK Data Service and data collection copyright owner. The aim of the originating project was to increase understanding of the past and possible future impact of increased international trade, mobility and investment on: i) Differences in income levels between countries (divergence or convergence, and - if convergence - levelling up or levelling down) ii) The relative and real wages of different sorts of 'skilled' workers This aim was addressed in four main ways. The first was to formalise ideas about the disaggregation of skilled workers, and the overlap between the concepts of skill and technology, by theoretical modelling. The second was to test hypotheses suggested by theory on evidence for all countries over the past 30 years. The third was to test hypotheses suggested by theory on evidence for skilled wages in developed countries over the past 30 years. The final way the objective was addressed was by testing the hypotheses suggested by theory against evidence from developed countries over the past two centuries. The data collection is the result of the data gathering exercise undertaken for this fourth approach. Main Topics: The dataset brings together a wide range of statistical information relating to patterns of globalisation, technology and wage inequality in a selection of now-developed countries between 1870 and 1970. The countries included are: United States, Canada, Australia, United Kingdom, Germany, France, Sweden and Denmark. The information is classified into six broad sections: wages, migration, employment, trade, production and technology. Wages: Wages of skilled relative to unskilled manual workers, United States, 1870-1970 Wages of non-manual relative to manual workers, United States, 1890-1939 Wages of broad occupational categories, United States, 1939-1960 Summary of relative wages, United States, 1870-1970 Wages of non-manual and manual workers, Canada, 1905-1959 Wages of skilled and unskilled manual workers, Canada, 1900-1960 Summary of relative wages, Canada, 1901-1960 Wages of skilled and unskilled manual workers, Australia, 1870-1960 Wages of skilled and unskilled manual workers, United Kingdom, 1870-1968 Wages of broad occupational categories, United Kingdom, 1871-1970 Summary of relative wages, United Kingdom, 1870-1968 Wages of skilled and unskilled manual workers, Germany, 1871-1962 Wages of skilled and unskilled manual workers, France, 1873-1959 Wages of skilled and unskilled manual workers, Sweden, 1870-1962 Summary of relative wages, Sweden, 1873-1959 Wages of skilled and unskilled manual workers, Denmark, 1870-1965 Wages of clerical relative to manual workers, United States, Canada and United Kingdom, 1870-1965 Migration: Immigration by occupation, United States, 1870-1965 Immigration by occupation, Canada, 1904-1951 Summary of immigration by skill group, Canada, 1881-1951 Total immigration, Canada, 1870-1960 Emigration by occupation, United Kingdom, 1877-1913 Emigration from Ireland by occupation, 1875-1913 Summary of emigration by skill group, United Kingdom, 1877-1913 Total migration, United Kingdom, 1870-1922 Emigration by occupation, Germany, 1871-1924 Summary of emigration by skill group, Germany, 1871-1924 Migration by occupation, Sweden, 1870-1924 Summary of migration by skill group, Sweden, 1871-1924 Emigration by occupation, Denmark, 1872-1924 Summary of emigration by skill group, Denmark, 1872-1924 Employment: Labour force by occupation, United States, 1900-1970 Employment by broad sector, United States, 1870-1960 Gainful workers in manufacturing by industry, United States, 1870-1930 Employment in manufacturing by industry, United States, 1899-1960 Labour force by occupation, Canada, 1891-1961 Employment by broad sector, Canada, 1891-1971 Employment by manufacturing industry, Canada, 1911-1971 Employment by occupation, Australia, 1911-1971 Employment by broad sector, Australia, 1891-1969 Employment in manufacturing by industry, Australia, 1891-1969 Employment by occupation, United Kingdom, 1911-1971 Labour force by broad sector, United Kingdom, 1871-1971 Employment by manufacturing industry, United Kingdom, 1871-1961 Labour force by occupation, Germany, 1882-1961 Employment by broad sector and by manufacturing industry, Germany, 1870-1960 Employment by broad sector and by manufacturing industry, France, 1906-1954 Labour force by broad sector, Sweden, 1870-1960 Employment in manufacturing by industry, Sweden, 1870-1930 Labour force by broad sector, Denmark, 1870-1960 Trade: Exports by commodity, United States, 1870-1965 Imports by commodity, United States, 1870-1965 Trade statistics, United States, 1870-1965 Exports by commodity, Canada, 1870-1965 Imports by commodity, Canada, 1870-1960 Trade statistics, Canada, 1870-1965 Total exports, Australia, 1870-1965 Total imports, Australia, 1870-1965 Trade statistics, Australia, 1870-1965 Exports by commodity, United Kingdom, 1870-1965 Imports by commodity, United Kingdom, 1870-1965 Trade statistics, United Kingdom, 1870-1965 Exports by commodity, Germany, 1880-1960 Imports by commodity, Germany, 1880-1960 Trade statistics, Germany, 1880-1960 Exports by commodity, France, 1870-1959 Imports by commodity, France, 1870-1959 Trade statistics, France, 1870-1959 Exports by commodity, Sweden, 1870-1965 Imports by commodity, Sweden, 1870-1965 Trade statistics, Sweden, 1870-1965 Exports by commodity, Denmark, 1870-1965 Imports by commodity, Denmark, 1870-1965 Trade statistics, Denmark, 1870-1965 Production: Production by industry group, United States, 1869-1919 Production by commodity group, United States, 1869-1913 Production indices by manufacturing sector, United Kingdom, 1860-1914 Production indices by manufacturing sector, Germany, 1860-1913 GDP per capita in United States, Canada, Australia, United Kingdom, Germany, France, Sweden, and Denmark, 1870-1965 Technology: Number of patents granted in 23 countries, 1870-1970 Please note: this study does not include information on named individuals and would therefore not be useful for personal family history research.

Graph and download economic data for Unemployment Level (UNEMPLOY) from Jan 1948 to Jul 2025 about 16 years +, household survey, unemployment, and USA.

Non Farm Payrolls in the United States increased by 73 thousand in July of 2025. This dataset provides the latest reported value for - United States Non Farm Payrolls - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the U.S. Consumer Price Index was 309.42, and is projected to increase to 352.27 by 2029. The base period was 1982-84. The monthly CPI for all urban consumers in the U.S. can be accessed here. After a time of high inflation, the U.S. inflation rateis projected fall to two percent by 2027. United States Consumer Price Index ForecastIt is projected that the CPI will continue to rise year over year, reaching 325.6 in 2027. The Consumer Price Index of all urban consumers in previous years was lower, and has risen every year since 1992, except in 2009, when the CPI went from 215.30 in 2008 to 214.54 in 2009. The monthly unadjusted Consumer Price Index was 296.17 for the month of August in 2022. The U.S. CPI measures changes in the price of consumer goods and services purchased by households and is thought to reflect inflation in the U.S. as well as the health of the economy. The U.S. Bureau of Labor Statistics calculates the CPI and defines it as, "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." The BLS records the price of thousands of goods and services month by month. They consider goods and services within eight main categories: food and beverage, housing, apparel, transportation, medical care, recreation, education, and other goods and services. They aggregate the data collected in order to compare how much it would cost a consumer to buy the same market basket of goods and services within one month or one year compared with the previous month or year. Given that the CPI is used to calculate U.S. inflation, the CPI influences the annual adjustments of many financial institutions in the United States, both private and public. Wages, social security payments, and pensions are all affected by the CPI.

Graph and download economic data for Job Openings: Total Nonfarm (JTSJOL) from Dec 2000 to Jun 2025 about job openings, vacancy, nonfarm, and USA.

Primary Care Networks were created in July 2019 to provide accessible and integrated primary, mental health, and community care for patients. The PCN contract is a Directed Enhanced Service and aims to increase the primary care workforce by 26,000 by 2024. The bulk of the PCN workforce consists of Direct Patient Care staff, funded by the Additional Roles Reimbursement Scheme (ARRS), and each PCN has the flexibility and autonomy to determine which roles are required to meet the specific needs of their local populations. Initially, recruitment focused on clinical pharmacists and social prescribing link workers, with more roles being included over subsequent years. Information about the PCN workforce is provided directly by each PCN, and recorded in the National Workforce Reporting Service (NWRS) which is the same system that is used to collect information about the general practice workforce. This report includes England, Integrated Care Board (ICB), Sub-ICB Location and PCN-level figures for Clinical Directors, Direct Patient Care Workers and Admin/Non-Clinical staff working in PCNs on 30 June 2022. The level of detail in the information that we can collect about each individual varies, as there are different ways that individuals can be contracted to work for their PCN. Some staff work directly for the PCN, including Clinical Directors, administrative workers, and some Direct Patient Care staff. These individuals may have been newly recruited to the PCN, or could be staff transferring some or all of their working hours from a general practice or other organisation. Alternatively, an individual may be employed by a member organisation within the PCN – such as a hospital trust or charity – and deployed to work for the PCN. In both cases, details about the staff member, including the hours worked for the PCN, are recorded in the NWRS. However, in some cases, a role – for example a physiotherapist – is not staffed permanently by a specific individual. Instead, the working hours are covered by a group of physiotherapists, employed by another organisation such as the local ICB, and deployed to the PCN as a “contracted service,” which up until the September 2020 release were referred to in this publication series as “pooled resource”. In these cases, the providing organisation holds a contract with the PCN to deliver the physiotherapy service and supplies appropriately qualified staff, possibly on a rota’d basis. Where the healthcare provision is covered by a contracted service of this nature, it is not possible to identify the separate individuals working within the PCN and in these cases, the PCN provides us with information about the average weekly working hours covered by that “contracted service”. This means that although we can calculate proxy full-time equivalent (FTE) figures relating to the service, no information about headcount or workforce characteristics can be inferred. This means that headcount figures presented in the accompanying Bulletin do not include provision from these “contracted services.” In July 2021, we introduced a new version of the National Workforce Reporting Service (NWRS). The new workforce reporting service is easier to use and has been designed with direct feedback from users. In the contracted services section of the new NWRS, users now need to set the average weekly hours to zero where that service has not been used in the latest period. Previously, users marked the relevant record as inactive. The contracted services data in the June 2022 collection showed a continuing increase in FTE at a greater rate than was seen prior to June 2021. It is possible that this is in part due to PCNs leaving hours information untouched within records for services they have not used, rather than setting them to zero. Guidance has since been issued directly to PCNs to explain this process and it is expected that this will result in more accurate contracted services information being submitted for future collections. For this release, it should be noted that all September 2021, December 2021 and March 2022 FTE figures relating to Direct Patient Care job roles may be inflated as a result of this issue. The completeness and coverage of PCN workforce data is improving and more PCNs are using the new NWRS. We are continuing to monitor progress with the aim of moving to a monthly extraction of PCN workforce data when data quality allows. In May 2022 we introduced a quarterly publication using additional data sources to complement this publication, which brings together FTE staff working in Primary Care Networks, including ad-hoc locums, and those working in General Practice. The first experimental edition was released on 19 May, initially presenting FTE primary care workforce statistics for the direct patient care, nurse and admin/non-clinical staff groups. Tables covering the GP staff group were added to the publication on 16 June, once final ad-hoc locum data became available. See https://digital.nhs.uk/data-and-information/publications/statistical/primary-care-workforce-quarterly-update for more information. We are working continually to improve our publications and we welcome feedback from all users by email to: PrimaryCareWorkforce@nhs.net. Links to other publications presenting healthcare workforce information can be found under Related Links.

Unemployment Rate in Canada decreased to 6.90 percent in June from 7 percent in May of 2025. This dataset provides - Canada Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Hospital Workforce Management market for Hospital Workforce Management is forecasted to attain USD 1,801.2 million by 2025, expanding at 8.7% CAGR to reach USD 4,162.1 million by 2035. In 2024, the revenue of Hospital Workforce Management was around USD 1,661.3 million

Key Market Metrics

Metric	Value
Industry Size (2025E)	USD 1,801.2 Million
Industry Value (2035F)	USD 4,162.1 Million
CAGR (2025 to 2035)	8.7%

Country-Wise Analysis

Country	CAGR (2025 to 2035)
United States	9 .4%

Country	CAGR (2025 to 2035)
Germany	9 .0%

Country	CAGR (2025 to 2035)
UK	8.4%

Country	CAGR (2025 to 2035)
Japan	9.2%

Country	CAGR (2025 to 2035)
India	8.5%

Competitive Outlook

Company Name	Estimated Market Share (%)
Kronos Incorporated (UKG)	22-26%
Oracle Corporation	16-20%
Infor Inc.	14-18%
SAP SE	12-16%
Workday, Inc.	10-14%
Other Companies (combined)	30-40%

The Indian information technology and business process management industry was estimated to have over *** million employees during financial year 2025. The South Asian country is the largest offshoring destination for IT companies across the globe. The IT-BPM sector has gradually grown in recent years, accounting for more than ** percent of the global outsourced BPM market. In financial year 2024, the IT sector's contribution to India's GDP was ***** percent. Market performance In financial year 2022, the market size of the IT-BPM industry was estimated to reach around *** billion U.S. dollars. The export market of the Indian IT-BPM industry was more than five times the size of the domestic market. The biggest importer of India’s IT-BPM services was the United States. Furthermore, the growth trend of the export market was evidently higher than the domestic market during the presented period. E-commerce revenue in the IT-BPM sector across the nation also witnessed steady growth in the last few years. The road ahead The Indian IT-BPM industry is likely to witness consistent growth in the future. Tapping into new advancements in robotics and artificial intelligence, the industry seeks to continue helping clients build successful businesses, propelled by a large export market.

North America Human Capital Management Market Analysis The North American Human Capital Management (HCM) market is projected to reach a value of USD 10.64 billion by 2033, expanding at a CAGR of 6.5% from 2025 to 2033. The market growth is driven by the increasing adoption of cloud-based HCM solutions, rising demand for automation and analytics, and the growing emphasis on employee engagement and well-being. The key market players include Accenture, Dayforce, IBM Corporation, Mercer LLC, and ADP, Inc. Market Trends and Restraints The growth of the HCM market is influenced by several trends, including the adoption of artificial intelligence (AI) and machine learning (ML) to automate tasks and enhance decision-making, the shift towards remote work and flexible work arrangements, and the rise of the gig economy. However, the market is also hindered by challenges such as the high cost of implementation, security concerns, and the need for skilled professionals to manage HCM systems effectively. Additionally, the economic downturn caused by the COVID-19 pandemic could potentially slow down the market growth in the short term. The North American human capital management (HCM) market is estimated to reach USD 30 billion by 2026. Key factors driving this growth include the increasing adoption of cloud-based HCM solutions, the need for improved talent management and workforce planning, and the growing demand for data analytics to enhance decision-making. The report provides a comprehensive analysis of the market, including market size, growth drivers, key segments, competitive landscape, and future outlook. Recent developments include: In September 2024, ADP, Inc., a major industry participant in payroll and HR innovation, announced the latest addition to its extensive portfolio of innovation-based human resource management solutions. ADP Lyric HCM, a newly unveiled product by the company, is designed to assist companies in meeting the changing needs of modern businesses and workforce management. , In February 2024, Ceridian, one of the prominent companies in human capital management technology, announced a change of legal name and brand. The company changed its name from Ceridian to Dayforce. .

This report shows monthly numbers of NHS Hospital and Community Health Service (HCHS) staff working in NHS Trusts and CCGs in England (excluding primary care staff). Data is available as headcount and full-time equivalents and are available every month for 30 September 2009 onwards. This data is an accurate summary of the validated data extracted from the NHS HR and Payroll system. Additional statistics on staff in NHS Trusts and CCGs and information for NHS Support Organisations and Central Bodies are published each: September (showing June statistics) December (showing September statistics) March (showing December statistics) June (showing March statistics) Quarterly NHS Staff Earnings and monthly NHS Staff Sickness Absence reports and data relating to the General Practice workforce and the Independent Healthcare Provider workforce are also available via the Related Links below. In last month's publication we described some upcoming changes intended to be implemented in data published from January 2021 onwards. Two of these changes are related to improvements in processing and data quality routines that will feed through into the data presented. We also described a change to an additional resource we will be making available ahead of current timescales, featuring data relating to the main headline staff groups and the Nurses staff group. After seeking feedback on these proposals, we can confirm all the above will be implemented in data published on 28 January 2021. We welcome feedback on the methodology and tables within this publication. Please email us with your comments and suggestions, clearly stating Monthly HCHS Workforce as the subject heading, via enquiries@nhsdigital.nhs.uk or 0300 303 5678.

Electricians power the modern economy and digital lifestyle; the industry includes electrical workers who service, sell and install electrical equipment and perform electrical work at a site. While most electrical work is done on new construction, a third of electrician revenue comes from electrical upgrades. Although high interest rates have stifled previously booming residential construction since rate hikes began in 2022, nonresidential and utility electrical work has expanded in recent years. Electricians' revenue has moved upward at a CAGR of 3.7% over the past five years and is expected to total $312.2 billion in 2025, when revenue is set to rise an estimated 2.7% along with overall macroeconomic expansion. Over the past five years, average industry profit has dropped due to rising labor and materials costs that have not been fully passed along. The industry differentiates itself by providing an economically essential service, focusing heavily on unautomatable manual labor and having a high concentration of nonemployers. Electricity is so vital to modern life that the US government suspects that three-fourths of the country's population couldn't survive a year without power. Electrical service is provided by a small army of highly trained, licensed electrician businesses, each serving individual communities. Restrictions and safety regulations unify this otherwise highly disparate industry. Over the next five years, electricians' revenue will likely grow at a slightly slower rate. As inflation has cooled, the Federal Reserve will continue to cut interest rates (having begun to do so in 2024 and continued cuts in 2025), benefiting the housing market. Electricians will also find work in sustained renovation activity and green energy upgrades. Production and manufacturing activity will also rise, providing electricians with another booming market. Electricians' revenue is expected to expand at a CAGR of 2.4% to reach $351.8 billion in 2030.

According to Cognitive Market Research, the global Digital talent acquisition market size will be USD 28914.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 9.50% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 10698.48 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 8385.29 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 6939.55 million in 2025 and will grow at a compound annual growth rate (CAGR) of 12.1% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 1098.76 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 1156.59 million in 2025 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 636.13 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2025 to 2033.
Small enterprises are the fastest growing sector in the digital talent acquisition market

Market Dynamics of Digital talent acquisition Market

Key Drivers for Digital talent acquisition Market

Surge in social network site usage boosts demand for the digital talent acquisition market

The growing use of social networking sites will drive future demand for the digital talent acquisition market. Social network sites are web-based services that allow users to create a public or semi-public profile within a confined system, build a list of other users with whom they are connected, and read and navigate both their list of connections and those made by other users within the system. Employers use social media sites, in particular, to promote their brand and gain access to a large pool of talent. For instance, the University of Maine, a public research university in the United States, reports that there are 4.8 billion social media users worldwide, with 150 million new users joining between April 2022 and April 2023—an average of 410,000 new users per day or 4.7 per second. As a result, the increased use of social networks will drive the growth of the digital talent acquisition market

https://www.searchenginejournal.com/social-media-statistics/480507/

The shift to remote work is anticipated to fuel the digital talent acquisition market

The shift to remote work is expected to drive the digital talent acquisition market forward. Remote work, also known as telecommuting or telework, is a work arrangement in which employees do not have to commute to a central workplace. Talent management software makes remote work easier by streamlining HR processes, facilitating employee collaboration, and increasing workforce productivity. For instance, FlexJobs' Career Pulse, a US-based provider of platforms serving the freelance community, surveyed 4,000 participants between July and August 2022. According to the survey, 65% of respondents strongly preferred full-time remote work, while 32% desired a hybrid work arrangement. This high percentage of 97% indicates that most workers want the option of working remotely in some capacity. As a result, the shift to remote work is driving the digital talent acquisition market

Restraint Factor for the Digital talent acquisition Market

High Cost and Operational Complications Limit Market Growth

High expenses and operational complexities are the primary constraints preventing the digital talent acquisition industry from expanding. Adapting innovative recruitment solutions, such as AI-powered tools and converged software products, typically requires significant investments, posing a barrier to smaller businesses. Furthermore, integrating these solutions with existing infrastructure tends to exacerbate operational challenges, such as employee opposition and the need for extensive training. These elements can cause delays and increased costs, making it difficult for businesses to fully leverage the benefits of digital talent acquisition tools. As a result, businesses are hesitant to adopt new solutions, and the ...