would also love to hear your take on the current labor and job landscape. This is an ongoing conversation, so feel free to email me (Jhannigan@ allianceresourcegroup.com) your thoughts and recommendations for making the Barometer even more valuable. I want to stress that an accurate view of the labor market is crucial for decision-making at all levels of an organization. We continue to hear nonstop chatter about the job market, inflation and the possibilities of a recession. There are plenty of predictions and sentiment studies, but our finance backgrounds always point us to the data. It’s imperative that you have accurate information to make smart hiring and compensation decisions, plan any workforce reductions or expansions, and develop effective retention strategies. Without the right data, you can’t do any of those things with confidence. I also want to stress that the data points related to unemployment, labor participation, and other charts in the Quarterly Barometer cover all types of jobs. Within the Accounting and Finance sector, the market is even tighter. And that is not going away anytime soon. In this Barometer, you’ll find a snapshot of what happened in Q2 from a data-driven perspective with some additional commentary. We’ll also include a look ahead at what we think are the most important considerations for Southern California leaders for the remainder of 2023.
I hope you find it informative, actionable, and relevant to the decisions you are making.
Jennifer Hannigan Founder and CEO Alliance Resource Group
3 ARG Quarterly Barometer Q3 2023
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