Labor market dynamics

As of late 2019, the United States is experiencing one of the longest economic expansions on record. The current unemployment rate in the United States is below 3%. Hiring practices have needed to evolve to ensure that employers can continue to find employees. Of course, this will change as the economic cycle ebbs and flows, but at this time we have an opportunity to bring in talented, skilled, and committed employees who may have been sidelined due to disabilities, personal situations, or other unfortunate life events:

With the national unemployment rate now flirting with a 50-year low, companies are increasingly looking outside the traditional labor force for workers. They are offering flexible hours and work-from-home options to attract stay-at-home parents, full-time students, and recent retirees. They are making new accommodations to open jobs to people with disabilities. They are dropping educational requirements, waiving criminal background checks, and offering training to prospective workers who lack necessary skills. [6]

Let's make the most of this opportunity to improve the lives of as many people as possible.

During the writing of this book however, the world has experienced the COVID-19 pandemic. Please refer to the Prologue of the book for commentary on how the pandemic impacts analytics teams.