Expect low unemployment, more workplace churn in 2016

The labor market will continue to be strong in 2016, according to most analysts, but whether individual workers feel the strength will depend on many variables, including their exact job definition.

Workplace churn is expected to increase in the coming year, with increased retirements among baby boomers, more maternity and paternity leaves among millennials, and more voluntary departures as workers move to greener pastures. Hiring will also increase as employers seek to fill these key positions.

According to the best guesses of employers and labor market observers, the national unemployment rate will stay in the low 5 percent range and even lower in many metro areas. That’s “full employment” by many economists’ definition. But whether the job market feels that good to individuals will depend on many factors, including type of work and the organization.

Read more from the Kansas City Star

Tags:, ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students