October’s exceptionally weak U.S. Jobs Report was among the strangest in recent memory, due in part to extreme weather. The number of people saying they had a job but could not work due to bad weather was easily a record high, more than double the previous record.
Tenure continues to decline since its high in 2012. Research shows that female workers, and younger workers overall, were more likely to be short-tenured employees.
Insights on worker sentiment, from the Glassdoor Employee Confidence Index (Daniel Zhao) – Sluggish hiring is likely dampening worker sentiment as laid-off workers and new hires find it difficult to get their foot in the door and even employed workers feel stuck in their jobs.
US labor productivity has soared in the last five years, far more than other countries. The U.S.’s comparative advantage in technology likely played a key role. Other factors include a more flexible labor market, stronger investment in innovation, and a robust government stimulus that helped fuel a faster post-pandemic recovery.
In July’s disappointing report, almost the entire month-to-month increase in unemployment came from “unemployment due to temporary layoff,” i.e. people who expect to be recalled to work. A sign of impending recession? Probably not.
Month-to-month increase in unemployment came from a surge in one category (BLS, NBER) – In July’s disappointing report, almost the entire month-to-month increase in unemployment came from “unemployment due to temporary layoff,” i.e. people who expect to be recalled to work. A sign of impending recession? Probably not.
Hundreds of millions in new funding opportunities for skills training have been announced in recent days.
To develop the fictional representation of your ideal customer known as a customer persona, we start by gathering data from existing customers (referencing the questions above). This can be augmented with market research to provide more context on the people and organizations that are most affected by the social problem.
We start by identifying the segments most likely to but your product and how much they are willing to pay. This includes surveying potential customers to get their feedback on the product, followed by an analysis of how much competitors are charging for similar products.
Generally they are still in the early stages of development. Without significant revenue, they do not have the resources to hire a large sales team or invest in complex sales infrastructure.