Revelio Labs

🎉 Exciting News! 🎉 We will be attending the ASSA Annual Meeting in San Francisco from January 3-5, 2025! We are thrilled to connect with academics and researchers in economics, finance, accounting or management. If your work involves research on labor markets, human capital development or skills, come and find out how our comprehensive labor market data can elevate your research. From individual-level resume data to workforce trends and insights into company culture, our data can empower endless new research avenues. 📍Find us at booth number 213. Let’s discuss your projects and see how we can support your research!

Are fewer elves stocking the shelves this year?🎅🎄 The holiday period not only drives a significant portion of annual revenue, but also serves as a barometer for the broader economic climate, offering insights into consumer confidence, inflation, and labor market dynamics. Here’s what Revelio Labs’ workforce data suggests about the weight of Santa’s sleigh tonight: 📉 Data on new job postings in the retail sector for September, October, and November reveal a weaker demand for workers leading up to the 2024 holiday season compared to prior years. While retail job postings remain higher than pre-pandemic levels, they have declined each month relative to the same months in recent years. This moderation in hiring signals a shift toward more subdued labor demand, following the post-pandemic hiring surge that defined the past few years. 🛒 Grocery store chains – including Food City, Weis Markets, and Kroger – are among the leaders in seasonal retail hiring. The surge in job postings by food retailers reflects a broader trend – as inflation continues to squeeze purchasing power, consumers are prioritizing essentials and value-driven purchases. 📍While year-over-year demand is down nationally, cities like Montgomery, Little Rock, and Boise counter the trend with over 25% growth in new retail job postings. For more seasonal hiring insights, check out the link in comments. ⤵️

Great story in the The Washington Post today about RTO policies and their implications for employee growth using our Revelio Labs data and insights by Loujaina Abdelwahed, PhD! https://lnkd.in/d-VJrheu Great work, Taylor Telford!

What’s good for the planet and for the labor market too? 🤔 (hint: 🌞 ) This week's newsletter by Jesse Wheeler is all about solar jobs. Solar energy has been a massive job creator in recent decades, outpacing wind and creating an extensive workforce, with jobs especially concentrated in southwestern states and Vermont. Read more about solar's employment power at the link below ⤵️

These employees should brush off their resumes after an acquisition 🧹 📃 In today's newsletter, Stephanie Hao, Senior Economist, looks at the workforce implications of M&A. She finds attrition is higher at the acquired company and impacts these roles and seniority levels the most: ✔️ Recruiting ✔️Marketing ✔️Entry-level ✔️Executive-level While acquisitions may lead to some short-term restructuring, their ultimate goal is long-term success. One metric of success that we are able to observe in our data is headcount growth. Which acquisitions, then, lead to higher employee growth? Find out at the link in comments ⤵️

Construction sector growth outpaces the overall U.S. workforce growth rate 🔨👷♀️ In today's newsletter, we zoom in on the construction industry, which emerges a a top contributor of employment in 2024. Its resilient growth is curious in the face of decade-high interest rates that typically slow the sector down. Loujaina Abdelwahed, PhD has the story. ⤵️

Revelio Labs AI Exposure Score 🪄 🎩 What share of your work activities can be performed by, or augmented with, AI? In today's newsletter, our Chief Economist Lisa K. Simon analyzes AI exposure by role and shares good news for both the AI exposed and AI adopters: ⭐ Roles with a high AI exposure are positively correlated with higher salaries: A ten percentage point increase in AI exposure is associated with 25% higher salaries. ⭐ AI adoption is being rewarded across all roles: Workers within the same jobs who adopt AI earn 8% higher salaries than those who do not. See where your role falls, at the link below ⤵

Since the pandemic, the hiring rate of recruiters has been a leading indicator of hiring in the broader economy. While its been a tough market this year for recruiters (and the employee sentiment shows!), in our newsletter this week, we found silver linings in some industries. 👏 Want more insights into the current state of the recruiter profession? Check out our research, done in collaboration with Appcast, Inc, at the link below ⤵️

Does Amazon want employees to commute or quit? In the wake of Amazon's controversial RTO mandate, hundreds of AWS employees have signed an open letter against the policy, and speculation has come about that its a strategy to reduce costs by way of voluntary layoff. According to our workforce data, about 40% of their software engineers would have to relocate to be in proximity to an office. For nearly 25%, this is an out-of-state move. A smaller team would have near-term cost-savings, but recruiting software engineers from the Seattle market presents higher costs long term. Read the full analysis at the link below  ⤵

This Is Where People Analytics Is a ‘Must-Have’ Rather Than a ‘Nice-To-Have’ 🕵 As recent demand for people analytics roles has waned in the private sector, it has been rather steady in government. This week, we take a look at these differing trends and other contrasts between people analytics in the public and private sectors. Check out the comments below for our latest newsletter. ⤵